Rising adoption of cloud-based software by various enterprises across the globe, increasing demand for improved labor utilization and increasing incidents of theft of devices. are expected to drive the growth of the global user provisioning market. Halt of production of various industries, reduction in workforce and economic downturn in various countries during the pandemic have negatively impacted the growth of the global market.
/EIN News/ — Portland, OR, Sept. 22, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the user supply market generated $4.3 billion in 2021 and is expected to reach $15 billion by 2031, growing at a CAGR of 13.6% from 2022 to 2031. The report offers a detailed analysis of top winning strategies, evolution market trends, market size and estimates, value chain, key investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, early adopters and stockholders in introducing necessary strategies for the future and taking essential actions to significantly strengthen and increase their position in the market.
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Report coverage and details:
|Market size in 2021||$4.3 billion|
|Market size in 2031||$15 billion|
|Number of pages in the report||320|
|Segments Covered||Component, business function, deployment model, organization size, vertical, and region.|
|Drivers||Increased adoption of cloud-based software by various companies across the globe|
|Opportunities||Rise in demand for improved labor utilization|
|Increase in incidents of identity theft|
|holds back||Exorbitant cost of service|
|Lack of security expertise|
- The COVID-19 outbreak has negatively impacted the growth of the global user provisioning market, owing to the occurrence of lockdowns in various countries around the world.
- The shutdowns have caused manufacturing and production facilities of various industries and businesses to shut down, which has negatively impacted the growth of the market.
- Moreover, the economic downturn in various economies has further aggravated the impact of the market.
- These restrictions were imposed by the government to curb the spread of the virus during the pandemic. However, incidents of identity theft were still on the rise. Emerging advances in the market offer rewarding growth opportunities. Additionally, many companies are investing heavily in the user supply market.
The report offers detailed segmentation of the global user provisioning market on the basis of component, business function, deployment model, organization size, industry vertical, and region. The report provides a comprehensive analysis of each segment and their respective sub-segment using graphical and tabular representation. This analysis can essentially help market players, investors and new entrants to determine and design strategies based on the fastest growing and highest revenue generating segments mentioned in the report.
Based on components, 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 leading status during the forecast period. The services segment, on the other hand, is expected to quote 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 leading status during the forecast period. The marketing and sales segment, on the other hand, is expected to quote the fastest CAGR of 15.9% during the forecast period.
Based on the deployment model, the on-premises segment held the dominant market share in 2021, holding more than half of the global market. The cloud segment, on the other hand, is expected to maintain its leading status during the forecast period. Also, the same segment is expected to quote the fastest CAGR of 15.1% during the forecast period.
Based on organization size, the large enterprise segment held the largest market share in 2021, holding more than three-fifths of the global market, and is expected to maintain its leading status during the forecast period. The SME segment, on the other hand, is expected to quote the fastest CAGR of 14.7% during the forecast period.
Based on the region, the North America market held the largest market share in 2021, holding almost two-fifths of the global market, and is expected to maintain its leading status during the forecast period. The Asia-Pacific region, on the other hand, is expected to quote the fastest CAGR of 15.1% during the forecast period.
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.
The report analyzes these key players in the global user provisioning market. These market players have effectively used strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is useful for analyzing recent developments, product portfolio, business performance, and operating segments of major market players.
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