User provisioning Market Size to Achieve USD 15 Billion by 2031
The major driving factor of the user provisioning market is the increased adoption of cloud-based software.
PORTLAND, PORTLAND, OR, UNITED STATES, October 31, 2022 /EINPresswire.com/ — According to the report published by Allied Market Research, the global user provisioning market generated $4.3 billion in 2021, and is projected to reach $15 billion by 2031, growing at a CAGR of 13.6% from 2022 to 2031.
The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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The report offers detailed segmentation of the global user provisioning market based on component, business function, deployment model, organization size, industry vertical, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest growing segments and highest revenue generation that is mentioned in the report.
Based on component, the solution segment held the largest market share in 2021, holding more than two-thirds of the global market, and is expected to maintain its leadership status during the forecast period. The services segment, on the other hand, is expected to cite the fastest CAGR of 14.9% during the forecast period.
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Based on business function, the IT segment held the largest market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The marketing and sales segment, on the other hand, is expected to cite the fastest CAGR of 15.9% during the forecast period.
Based on deployment model, the on premises segment held the dominating market share in 2021, holding more than half of the global market. The cloud segment, on the other hand, is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 15.1% during the forecast period.
Based on organization size, the large enterprises segment held the largest market share in 2021, holding more than three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The SMEs segment, on the other hand, is expected to cite the fastest CAGR of 14.7% during the forecast period.
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Based on region, the market across North America held the largest market share in 2021, holding nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 15.1% during the forecast period.
The key players analyzed in the global user provisioning market report include ATOS, CA Technologies, Cyberark, Centrify Corporation, Dell Technologies, EmpowerID, Inc., Hitachi, Happiest Minds, IDMWORKS, Kinetix, OneLogin, Inc., IBM Corporation, JumpCloud, Microsoft Corporation, Oracle Corporation, SAP SE, SolorWinds LLC.
Key Findings of the Study –
• By component, the solution segment dominated the user provisioning market in 2021. However, the services segment is expected to exhibit significant growth during the forecast period.
• On the basis of deployment, the On-premises segment dominated the sports management software market in 2021.However, the Cloud segment is expected to witness the highest growth rate during the forecast period.
• On the basis of business function, the IT the highest revenue in 2021. However, the Marketing and Sales is expected to witness the highest growth rate during the forecast period.
• Depending on industry vertical, the BFSI the highest revenue in 2021. However, the Education industry is expected to witness the highest growth rate in the near future.
• Region-wise, the user provisioning market was dominated by North America in 2021. However, Asia-Pacific is expected to witness significant growth in the coming years.
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