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User Provisioning Market size is set to grow by USD 2.38 billion from 2023-2027, Growing demand for mobile user provisioning software boost the market, Technavio

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NEW YORK, July 16, 2024 /PRNewswire/ — The global user provisioning market size is estimated to grow by USD 2.38 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of 8.21%  during the forecast period. Growing demand for mobile user provisioning software is driving market growth, with a trend towards increasing adoption of user provisioning in SMEs. However, complications due to presence of several user-level provisions  poses a challenge.Key market players include 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..

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User Provisioning Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017 – 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.21%

Market growth 2023-2027

USD 2388.43 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.43

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 32%

Key countries

US, China, Japan, UK, and Germany

Key companies profiled

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.

Market Driver

The user provisioning market is poised for growth due to shifting consumer preferences towards digitalization in Small and Medium Enterprises (SMEs). Cloud encryption solutions are becoming increasingly popular as they offer essential security features, driving market expansion. Additionally, the adoption of advanced data storage technologies by SMEs facilitates the implementation of cloud-based encryption solutions. This trend is particularly strong in the APAC region, where the demand for Software as a Service (SaaS) applications is high. SMEs are transitioning from on-premises servers to cloud applications, reducing overall costs and simplifying maintenance. Furthermore, the cloud’s ability to expedite application delivery processes is another significant advantage, contributing to market growth during the forecast period. 

User provisioning, the process of granting access to IT system resources, is a critical business function for organizations of all sizes and industries. HR staff play a key role in managing user access, but the increasing use of cloud-based software and shadow IT can create risks like identity thefts and non-compliance. Trending technology for user provisioning includes cloud-based software and self-service account provisioning. Major players in this market include ATOS, CA Technologies, Cyberark, Centrify Corporation, Dell Technologies, EmpowerID, Hitachi, Happiest Minds, IDMWORKS, Kinetix, OneLogin, JumpCloud, Oracle Corporation, SolorWinds LLC, InPrivate, and more. Developments in user provisioning solutions include platform integration, data processing, and identity governance techniques. Competitor analysis reveals that these companies offer different deployment models, management techniques, and components to meet organizational objectives. Key segments include workforce utilization, IT facilities, and industry verticals. Overall, user provisioning software is a crucial tool for managing user access to IT resources, mitigating risk, and achieving business goals. 

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Market Challenges

User provisioning is a crucial aspect of managing access to software systems in organizations. This process involves creating, modifying, and deprovisioning user accounts for various types of users, including basic users, power users, IT users, and administrators. Project managers in the software industry need to understand the different user types and their access rights within specific systems. The complexity of managing user access can lead to the adoption of user-specific or role-based models. Implementing user provisioning systems requires significant technical knowledge to ensure a seamless integration with internal controls, particularly in financial systems that must adhere to Generally Accepted Accounting Principles (GAAP). The challenge of implementing and managing user provisioning effectively may hinder market growth during the forecast period.User provisioning is a crucial business process that involves managing digital identities and granting access to IT facilities and platforms. Companies like CyberArk, Centrify Corporation, Dell Technologies, EmpowerID, Hitachi, Happiest Minds, IDMWORKS, Kinetix, OneLogin, JumpCloud, Oracle Corporation, SolorWinds LLC, InPrivate, and others offer user provisioning solutions. The challenges include managing user data, account histories, software credentials, and private information. IT managers and administrators face the need for user-centric administration, regulatory standards, and governance strategies. Key developments include self-service account provisioning, discretionary account provisioning, automation, and cloud IAM. Organizational objectives include employee productivity, return on investment, security, competence, CYOD rules, and managing corporate assets. Competitor analysis is essential to understand the market landscape and choose the best solution for your business. Management techniques and identity governance are important considerations. Technological developments continue to shape the user provisioning market.

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Segment Overview 

This user provisioning market report extensively covers market segmentation by  

End-user 1.1 Government and public sector1.2 BFSI1.3 Telecom1.4 Healthcare1.5 OthersApplication 2.1 Marketing and sales2.2 IT2.3 HR2.4 Administration2.5 FinanceGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Government and public sector-  User provisioning in the government and public sector refers to the process of granting individuals access to digital resources, systems, and applications within these organizations. This involves setting up and managing user accounts, permissions, and privileges to ensure effective access to necessary information and resources. Robust user provisioning is crucial for government and public sector entities to maintain security, adhere to regulatory requirements, and streamline operations. The dominance of this end-user segment is driving the growth of the user provisioning market in the forecast period.

For more information on market segmentation with geographical analysis including forecast (2023-2027) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Operations Support Business Support (OSS BSS) software market is driven by the increasing demand for efficient telecom services management. The global cloud computing market is expanding rapidly, propelled by advancements in technology and the growing adoption of cloud-based solutions across various industries. Meanwhile, the global cloud storage services market is witnessing significant growth due to the rising need for data storage, security, and backup solutions. Key players in these markets are continually innovating to offer more integrated, scalable, and secure services to meet evolving business needs.

Research Analysis

User provisioning software is a critical solution for managing and automating the process of granting access to IT resources for employees in an organization. This market is driven by the need to improve workforce utilization, mitigate identity thefts, and reduce shadow IT risk. Trending technologies like cloud computing and the increasing use of remote work have made user provisioning more important than ever. Key segments of the user provisioning market include large enterprises, SMBs, and cloud service providers. Developments in the market include advanced management techniques such as self-service portals, role-based access control, and single sign-on. Organizational objectives like enhancing security, reducing IT costs, and improving employee productivity are the primary drivers for the adoption of user provisioning solutions. Data processing, user data, IT facilities, software credentials, and private information are some of the critical areas where user provisioning plays a crucial role. Competitor analysis reveals that vendors like CA Technologies, CyberArk, Centrify Corporation, Dell Technologies, EmpowerID, Inc, Hitachi, Happiest Minds, IDMWORKS, Kinetix, OneLogin, Inc, JumpCloud, Oracle Corporation, and SolarWinds LLC are leading the market with their innovative solutions. These companies are constantly developing new features and functionalities to meet the evolving needs of their customers.

Market Research Overview

The User Provisioning Market is a dynamic and evolving landscape, focused on managing IT system resources and granting access to user data through User Provisioning Software. HR staff play a crucial role in this process, ensuring workforce utilization and mitigating risks such as identity thefts and shadow IT. Cloud-based software is a trending technology in this space, offering flexibility and scalability. Key components of User Provisioning Solutions include data processing, identity governance techniques, and self-service or discretionary account provisioning. Management techniques align with organizational objectives, addressing key segments like IT managers, IT administrators, and employee productivity. Developments in the market include competitor analysis, regulatory standards, and automation. Industry verticals like finance, healthcare, and retail have unique requirements, while organization size and deployment model also influence the choice of solution. Major business functions include IT facilities, identity and access management (IAM), and security. Key players like Atos, CA Technologies, CyberArk, Centrify Corporation, Dell Technologies, EmpowerID, Hitachi, Happiest Minds, IDMWORKS, Kinetix, OneLogin, JumpCloud, Oracle Corporation, SolorWinds LLC, InPrivate, and others offer comprehensive User Provisioning Solutions. Technological developments include Cloud IAM, CYOD rules, and automation, ensuring secure and efficient management of corporate assets and user data. Competence in this field is essential for ensuring regulatory compliance and maintaining security.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userGovernment And Public SectorBFSITelecomHealthcareOthersApplicationMarketing And SalesITHRAdministrationFinanceGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Galloway Company Expansion Nearly Doubles United States Industrial Sweetened Condensed Milk Capacity

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NEENAH, Wis., Jan. 9, 2025 /PRNewswire/ — Galloway Company, a leader in premium dairy ingredients, announces the completion of a major expansion to its production capabilities. The addition of a custom-built evaporator will nearly double the United States’ total capacity for industrial sweetened condensed milk. The expansion comes at a critical time, relieving a highly constrained market for premium concentrated dairy ingredients in the United States.

The expansion will set new industry benchmarks in capacity, operational efficiency, and quality.

The expansion will allow the company to serve existing clients with the same premium quality ingredients they’ve come to rely on, while also welcoming new customers for the first time in four years.

“Over the last four years, we’ve seen growing constraints from the bakery and confectionery markets, with extended lead times and maxed-out production capacities,” said Mike Hasler, Director of Industrial Sales, Galloway Company. “This expansion ensures we can not only meet the demand of our existing customers but also welcome new business.”

With the addition of the second evaporator, Galloway Company is building redundancy into its production process, minimizing the risk of service interruptions for clients. The new system will also enable greater customization of products, allowing the company to meet the needs of clients of all sizes—from full tanker trucks to smaller batches packaged in totes and 5-gallon pails.

The expansion will set new industry benchmarks in capacity, operational efficiency, and quality. The upgraded system includes high-efficiency motors and precision-engineered valve systems, with a fully automated homogenization process, advanced lactose seeding technologies, and state-of-the-art cooling systems. These updates minimize energy consumption and reduce environmental impact while advanced quality control measures ensure consistent performance and accuracy. 

For more information or to place an order, please visit gallowaycompany.com or contact Mike Hasler at mhasler@gallowaycompany.com.

About Galloway Company

Galloway Company is the number one supplier of cream liqueur bases and sweetened condensed milk in the U.S. Located in Neenah, Wisconsin, Galloway specializes in producing unique formulations of condensed dairy blends and beverage bases. Classic Mix Partners, a subsidiary of Galloway Company, is the largest manufacturer of frozen dairy dessert mixes in Wisconsin, serving customers nationwide. For more information on our complete line of innovative dairy product mixes and bases, visit gallowaycompany.com.

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SOURCE Galloway Company

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SOCi Scales its AI Agent Solutions While Bolstering Path to Profitability

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SAN DIEGO, Jan. 9, 2025 /PRNewswire/ — SOCi, Inc., the leader in AI-powered marketing solutions for multi-location businesses, today announced initial results from its AI Agent strategy. In less than eight months, SOCi’s Genius AI™ solutions now account for more than 10% of the company’s annual recurring revenue (ARR). These results cap off a year of remarkable milestones for SOCi, including surpassing $100 million in ARR—a feat that places the company among the elite Centaur SaaS organizations globally.

In 2025, the company plans to continue to enhance and expand its advanced Genius AI™ technology, allowing SOCi’s AI Agents to take on even more local marketing tasks at scale and deliver unprecedented efficiency and value for SOCi’s nearly 1,000 multi-location customers. Additionally, SOCi is committed to accelerating its journey to profitability by strategically realigning resources to focus on high-impact areas with proven success. This reorganization is designed to enhance efficiency, drive scalability, and position the company for sustainable, long-term growth.

“We remain committed to revolutionizing the industry with our AI Agent innovation and Genius solutions, delivering the first digital workforce to drive unparalleled value for our customers,” said Afif Khoury, CEO of SOCi. “Simultaneously, we are focused on achieving sustainable growth by prioritizing financial stability and operational efficiency, solidifying our position as the leader in marketing innovation.”

Recently recognized as an Inc. 5000 fastest-growing company for the seventh consecutive year, and named one of Fast Company Most Innovative Companies, SOCi continues to expand its reach into new high-growth markets with its cutting-edge local marketing solutions. Over the past two years, the company has forged partnerships with iconic enterprises such as Ford, Jersey Mike’s Subs, and Ace Hardware, while establishing a strong presence in the Financial Services and Insurance sectors with notable partners like Liberty Tax and Motto Mortgage.

About SOCi, Inc.
SOCi is the leader in AI-powered marketing solutions for multi-location businesses. With its proprietary Genius AI™ and suite of Genius Agents™, SOCi provides a first-of-its-kind, AI-powered digital workforce capable of handling the workload of 1,000 local marketers™, empowering brands to achieve unmatched digital visibility, strengthen customer engagement, and scale faster than ever before.

SOCi is recognized by Fast Company as one of the World’s Most Innovative Companies, and is trusted by nearly 1,000 top brands—including Ford, Ace Hardware, Kumon, Liberty Tax, and more—to automate and optimize local marketing tasks across all locations. Founded in 2012 and backed by leading strategic investors, SOCi is transforming how multi-location brands manage and scale their marketing efforts. Learn more at www.soci.ai or contact us at hello@soci.ai.

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SOURCE SOCi, Inc.

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Verdantas Acquires M-H-M, Inc. Expanding Water Services Throughout Northern California

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TAMPA, Fla., Jan. 9, 2025 /PRNewswire/ — Verdantas, a leader in digitally enabled technical consulting solutions for the environment, water, and energy transition markets, backed by Sterling Investment Partners, is pleased to announce the acquisition of M-H-M, Inc. (MHM). The acquisition aims to enhance Verdantas’ expertise in the northern California water market and expand the services offered by both firms.

Based in Marysville, California, MHM brings invaluable expertise and experience to Verdantas, broadening the depth and range of services within the water, and land development markets with strong relationships with municipalities, public agencies, and private clients. The integration of MHM into Verdantas enhances its water service capabilities bringing valuable expertise in water supply and storage, distribution, irrigation, water master planning, flood control, storm drainage, as well as land development and surveying.

Jesse Kropelnicki, CEO of Verdantas, stated about the acquisition: “Integrating MHM into Verdantas will continue our growth strategy by further diversifying our business on the west coast, and by furthering our capabilities in the water market. This expansion enhances our expertise and ability to serve water clients more effectively in northern California. Additionally, MHM improves our land development and surveying capabilities, which will enhance other services we provide in the same geography. We look forward to providing their team with new opportunities for growth while they continue to contribute to our mission.”

California brings unique engineering design complexities. By partnering with Verdantas, we can now integrate robust in-house geotechnical and geological, structural engineering, and environmental expertise into our projects that we previously outsourced,” stated Sean Minard, President of MHM. “Our collaboration with Verdantas aims to expand our service offerings, providing comprehensive solutions in flood control, storm drainage, and water resource management as well as land development. This growth will add value to our current clients in Northern California, enabling us to deliver a more extensive suite of engineering and environmental solutions.”

James Soldano, Partner at Sterling, said, “We are proud to support Verdantas in this strategic acquisition of MHM. This move reflects our shared vision of growing Verdantas’ presence throughout the western United States and addresses the critical need for water-related expertise in a region facing challenges related to water resources and flood control.”

This acquisition is a vital component of the company’s sustainable service offerings objectives. By participating in significant projects, Verdantas plans to address critical water challenges, advocate for conservation, improve water quality, and encourage sustainable practices.

About Verdantas

Verdantas is a leader in digitally enabled technical consulting solutions for the environment, water, and energy transition markets. Blending balanced strengths in environmental and engineering expertise, we partner with clients and communities to create comprehensive solutions that contribute to a sustainable future. With a team of over 1,700 professionals nationwide, we harness diverse skills and innovative technologies to address complex challenges, protect vital resources, and foster resilient communities. For more information, visit www.verdantas.com.

About Sterling Investment Partners

Sterling Investment Partners is a leading private equity firm that has been building leading middle-market companies for over 30 years with a highly experienced, cohesive team of senior investment professionals. Sterling focuses on control investments in value-added distribution and business services, acquiring businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Over its history, Sterling has completed over 230 transactions, representing over $31 billion in aggregate value, and was recently ranked a Top 10 performing middle market private equity firm globally by Dow Jones-HEC Paris. For more information, visit www.sterlinglp.com.

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SOURCE Verdantas LLC

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