User Provisioning Software Market - 37% of Growth to Originate from APAC | BFSI Segment to be Significant for Revenue Generation | Technavio
NEW YORK, May 2, 2022 /PRNewswire/ -- The "User Provisioning Software Market - Competitive Analysis, Drivers, Trends, Challenges & Five Force Analysis" report has been added to Technavio's offering. The user provisioning software market value is set to grow by USD 4.54 billion from 2021 to 2026, progressing at a CAGR of 7.93% as per the latest market report by Technavio.
The user provisioning software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The user provisioning software market report includes information on the product launches, sustainability, and prospects of leading vendors including Atos SE, Avatier Corp., Broadcom Inc., Centrify Corp., CyberArk Software Ltd., Dell Technologies Inc., EmpowerID Inc., Happiest Minds Technologies Ltd., Hitachi Ltd., International Business Machines Corp., Microsoft Corp., Motorola Solutions Inc., Okta Inc., Oracle Corp., Quest Software Inc., Rippling People Center Inc., SailPoint Technologies Holdings Inc., SAP SE, SolarWinds Corp., and Zoho Corp. Pvt. Ltd.
To know about all major vendor offerings - Download a sample now!
Technavio report extensively covers user provisioning software market segmentation by end-user (BFSI, manufacturing, healthcare, retail, and others) and geography (North America, Europe, APAC, the Middle East and Africa, and South America).
To know the market contribution of each segment - Download a sample now!
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
The rising demand for large-scale user provisioning is the key driver fueling the user provisioning software market growth. The beneficiary attributes of deploying user provisioning software in large-scale management scenarios include easy access to information systems across diverse on-premises applications, a secure network for managing user identity, and the enhanced management of user data, which translates into reduced risks of internal and external breaches. Also, user provisioning software can help in achieving regulatory compliance by providing the tools to implement comprehensive security and audit. Such numerous benefits will drive the user-provisioning software market growth during the forecast period.
However, growing competition from open-source platforms is the factor hindering the user-provisioning software market growth. Open-source software is rich in demand as it provides useful features and is available on the internet for free of cost. This has attracted many small emerging enterprises to use open-source user provisioning software for integrated management. Nonetheless, the software also saves costs such as the purchasing and licensing costs of commercial software, which are usually high. Furthermore, the availability of source code, fast deployment, and reliability are the main advantages of the open-source platform. These advantages have increased the prominence and popularity of open-source platforms. However, such increas8ing prominence will hinder the user provisioning software market growth during the forecast period.
To know about other drivers & challenges - Download a sample now!
Table of Content
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/user-provisioning-software-market---37-of-growth-to-originate-from-apac--bfsi-segment-to-be-significant-for-revenue-generation--technavio-301536662.html