[FURL=https://www.industryarc.com/Research/User-Provisioning-Market-Research-500815?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]User Provisioning Market[/FURL] size is estimated to reach $8.25 billion by 2026 at a CAGR 10.18% during the forecast period 2021-2026. Globally, increasing adoption of Identity Access Management (IAM) solutions in various industries such as IT & Telecom, BFSI and Retail & E-commerce is set to drive the User Provisioning market. User Provisioning requires system integrators to streamline authorization workflow by connecting IAM framework with various applications. Additionally, rising awareness of compliance management increases the adoption of user governance and compliance solution more effectively within enterprises, is also significantly triggering the User Provisioning Market growth.Key Takeaways
Cloud segment is analyzed to witness the highest growth rate in the User Provisioning market during the forecast period 2021-2026, owing to factors such as the capability of providing consistent user experience and accommodating full user life cycle management.
Healthcare industry is anticipated to grow with the highest CAGR of around 13.18% in the global User Provisioning market during the forecast period 2021-2026 due to rising healthcare data breaches incidents.
North America region is analyzed to witness the fastest growth in the global user Provisioning market during 2021-2026, owing to rising identity thefts as well as fraud incidents.
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User Provisioning Market Segment Analysis - By Geography
North America held the highest User ProvisioningMarket share of around 35% in the global User Provisioning Marketin 2020 and is further set to grow at a highest rate during the forecast period 2021-2026. Increasing penetration of digital platforms and rising government laws on IT security are the factors that influence the growth of the market in this region. Moreover, North America has been witnessing the highest cases of identity thefts as well as fraud incidents which drive organizations to invest more on cyber security budget so that new tools, techniques and software can be adopted for security provisions. In August 2021, Microsoft Corporation decided to invest $20 billion over next five years in cyber security, owing to rising cyber attacks.
User Provisioning Market Drivers
Increasing adoption of cloud based Identity Access management solutions is set to drive the market
Rising incidents of Identity Thefts
User Provisioning Market Landscape
The User Provisioning Market top 10 companies include IBM Corporation, ATOS, CA Technologies, Centrify Corporation, Dell, SAP SE, Oracle Corporation, Microsoft Corporation, Onelogin Inc, Happiest Minds
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