User provisioning software helps enterprises manage information about users and applications on multiple systems quickly, reliably, cheaply, and securely. User provisioning software provide a point of maintenance to handle user access to IT applications. Companies require identity governance programs to manage organized records of user information such as personal information, application credentials, or account histories. These personal records can be utilized by employees and administrators to retain information and regulations. IT managers and administrators use information present in these systems to mechanize tasks such as account creation, editing, or deleting, which can aid in simplifying employee lifecycle changes such as promotion, onboarding, or termination. Use provisioning software enables human resource staff to utilize the databases and aggregate information about employees and monitor access requests.
The global user provisioning software market is expanding at a rapid pace due to the rise in adoption of cloud-based software systems. Moreover, rise in demand for user provisioning software among enterprises to centrally manage and track tasks is boosting the market. Furthermore, rise in need to encourage cooperation among teams and enhance workforce utilization is anticipated to drive the market during the forecast period. However, rising safety concerns related to cloud-based user provisioning software among enterprises and lack of awareness regarding the implementation of this software are expected to inhibit the global market in the next few years. Furthermore, availability of several free vendors and open source user provisioning software is anticipated to restrain the user provisioning software market. Rise in demand for artificial intelligence in user provisioning software is anticipated to create opportunities in the user provisioning software market.
The global user provisioning software market can be segmented based on component, enterprise size, deployment, industry vertical, and region. In terms of component, the market can be segregated into software and services. The services segment can be classified into consultation, integration & implementation, and support. Based on deployment, the user provisioning software market can be categorized into cloud-based and on-premise. The cloud-based segment is anticipated to expand at a significant pace due to the increase in adoption of cloud-based solutions. Cloud-based software decreases the effort and time required to update and integrate new services offered by the software. Factors such as smooth integration and low cost are increasing the adoption of cloud-based software. This, is expected to fuel boost the cloud-based segment of the user provisioning software market during the forecast period. In terms of enterprise size, the user provisioning software market can be segmented into small & medium enterprises and large enterprises. Based on end-use industry, the user provisioning software market can be divided into retail; banking, financial services, & insurance (BFSI); health care; IT & telecom; government; construction; travel & hospitality; media & entertainment; and others. In terms of region, the global user provisioning software market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
User provisioning software are capable of automating, modifying, and deleting user IDs on targeted systems, along with employ self-service functionality, comprising password resets and role management. These software also include a workflow process for the approval of account additions and changes in account, support for human resource applications to make changes in provisions when an employee's status changes. It is the best security practice for keeping track of users, these functions are required for compliance, especially payment card industry data security standard PCI DSS, which demands full accounting for all users and their roles. Various players are entering the user provisioning software market.
Key players operating in the global user provisioning software market include CA, IBM Corporation, Microsoft Corporation, Symantec, Quest One, Oracle Corporation, and Centrify Corporation. Major players are adopting strategies such as partnerships, acquisitions, R&D investments, and production portfolio enhancement to remain competitive in the market.
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