Technology

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

Published

2 months ago

July 16, 2024

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

Technology

Nuvve Updates Shareholders on Compliance Measures

Published

9 mins ago

September 25, 2024

SAN DIEGO, Sept. 24, 2024 /PRNewswire/ — Nuvve Holding Corp. (Nasdaq: NVVE), a leader in vehicle-to-grid (V2G) technology, has issued a letter to shareholders regarding actions taken to regain compliance with Nasdaq’s Bid Price Rule.

Nuvve recently executed a 1-for-10 reverse stock split, resulting in 652,727 shares outstanding. The Company encourages shareholders to protect their shares against market manipulation through actions such as holding shares in cash accounts and requesting “no loan” status.

For shareholder letter: https://nuvve.com/shareholder-letter/

For more information, contact investors@nuvve.com.

About Nuvve Holding Corp. Nuvve (Nasdaq: NVVE) transforms electric vehicles into grid resources, driving the transition to a net-zero future. Learn more at nuvve.com

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SOURCE Nuvve Holding Corp.

Technology

Wire and tube industry expos to spark international trade in Shanghai

Published

9 mins ago

September 25, 2024

SHANGHAI, Sept. 25, 2024 /PRNewswire/ — The wire China 2024 and Tube China 2024, organized by Shanghai Electric Cable Research Institute Co., Ltd., Messe Düsseldorf (Shanghai) Co., Ltd., Metallurgical Council of the China Council for the Promotion of Int’l Trade (MC-CCPIT), are scheduled to be held from September 25 to 28 at the Shanghai New International Expo Centre, aiming to drive industry advancement and foster connections.

This year, the two expos will span 10 pavilions, encompassing a total exhibition area of 109,250 square meters. Nearly 1,500 businesses from about 30 countries and regions are expected to participate. The two exhibitions will cover the entire industry chain of cables, wires and tubes, offering a professional and efficient one-stop platform for exchanges worldwide.

wire China 2024: supporting enterprises to foster new quality productive forces

The wire China 2024 event is poised to occupy an area of 80,500 sqm, setting a milestone in its growth trajectory. With the participation of nearly 1,100 enterprises from 26 countries and regions, the expo will serve as a platform to showcase the latest developments and trends in the industry.

The exhibition will showcase an array of offerings including wire and cable manufacturing and processing machinery, auxiliary cable processing equipment, raw and auxiliary materials for cables (optical cables), finished wire products and cables, measurement and control technology, testing engineering solutions. The showcase is designed to assist enterprises in accelerating their transition toward digitalization, fostering flexibility, enabling smart production, nurturing new quality productive forces and enhancing the production competitiveness of businesses. The 2024 edition will cover five major areas: Digital Intelligent & Innovative Equipment, Technology Tools & Auxiliary Materials, Green and Low-carbon Solutions, Wires & Cables and Measures & Control Technology.

China has been promoting development of new quality productive forces since the start of 2024, with burgeoning sectors like artificial intelligence; new materials; commercial aerospace; the low-altitude economy and smart connected vehicles. These innovations are infusing the wire industry with vitality and drawing the attention of numerous overseas enterprises to China. This year, the event will host businesses from countries and regions such as South Korea, Japan, the United States, Switzerland, the United Kingdom, Spain and Turkiye. Business delegations from Germany, Italy, France and Austria will be present at the W1 Pavilion to exhibit their innovations and latest breakthroughs.

Heavyweight participants

This year, the event has garnered robust backing from prominent industry associations, including the Asian Wire & Cable Industry Corporation Alliance (AWCCA); Germany’s Federal Ministry for Economic Affairs and Climate Action (BMWK); the Association of the German Trade Fair Industry (AUMA); the German Mechanical Engineering Industry Association (VDMA); the ITA/ICE-Italian Trade Agency (ITA); the Italian Wire Machinery Manufacturers Association (ACIMAF) and the Austrian Federal Economic Chamber (WKÖ).

List of some well-known participating brands:

NIEHOFF, WAFIOS, SIKORA, MAILLEFER, ROSENDAHL NEXTROM, BOROUGE, SAMP, PROTON, ELANTAS, ENEOS NUC, HANWHA, TOTOKU, KOS, MFL GROUP, TEIJIN ARAMID, ZUMBACH, EUROLLS, SWPG, ESTEVES, SHENG CHYEAN, PETROFER, HUNTSMAN, DSR, SMATER, SINGCHEER, HONTA, G.Y.M., HANDING, JCDOFAMA, XINGMING, GOLDEN TECHNOLOGIES , INOVANCE, DONY GROUP, LIQIANG MECHANICAL & ELECTRICAL, AEROSPACE NANHAI, YI TENG ELECTRIC, HUAYUAN, PANGHAO, WANMA MACROMOLECULE, TIANRONG, CGN GROUP, CABLE, ORIGINAL, PAMICA, QLPM, ATPOIMER, etc..

(*Information is updated as of August 31st, 2024. Listing is in no particular order)

Fostering new quality productive forces

Centering on digital intelligence and innovation, the expo will be a key platform to display products and services. Singcheer will introduce the SiMOM for remote collaborative manufacturing operations and an AGV logistics system tailored for the cable industry. Maillefer from Finland will showcase the latest AI panoramic scanner 2.0, while Inovance from Shenzhen will present a motorized cable extrusion solution using advanced control algorithms and the MD810 multi-drive. These digital intelligence and innovation products cover manufacturing equipment, industrial software, visual inspection and other specific businesses, empowering cable companies to transit toward intelligent manufacturing.

Leading new trends

The wire China 2024 is not just a trade platform, but a place to communicate the latest market trends and release new products and solutions. This year, there will be nearly 60 high-end technological communication events.

The annual China Wire and Cable Industry Annual Conference will have in-depth discussions on new quality productive forces and high-quality development. Participants will share opinions on new market opportunities and challenges, exchange insights on the market trends, analyze the development status of the wire and cable industry, release annual reports on the development of international and domestic cable standardization work, as well as business competitiveness analysis reports. Simultaneously, the conference will address quality and technical issues related to typical products, unveil significant common technical research accomplishments and identify challenges and hurdles in emerging technological domains within the cable industry. The event aims to inspire businesses, bolster their confidence, foster courage in confronting challenges, and contribute to enhancing the development standards of both the industry chain and the supply chain.

The themed forums for wire and cable businesses will cover industrial economics and the development of the cable industry; the role of intelligent equipment in supporting high-quality development; green and low-carbon innovations in cable materials; high-quality special materials aiding the development of new energy vehicles; efficient and energy-saving electrical equipment; cable industry resource recycling technologies and digital intelligence empowering the development of the cable manufacturing industry.

Tube China 2024: 20 years of companionship, jointly shaping the new future of the industry.

As one of leading professional expos for tubes in Asia, Tube China 2024 has a total exhibition area of 28,750 sqm. Nearly 400 brands from 13 countries and regions including Germany, Japan, South Korea, Italy, the Netherlands, Latvia, Norway, Switzerland, and the United Kingdom will participate in the event. Tube China will present a high-level industry feast of intelligence and tube manufacturing for the Chinese tube industry and its upstream and downstream sectors.

This year, the expo will welcome some first-time participants including Fanuc. Industry-leading players including Fanuc, IPG, Kinkelder, Stark, Inductotherm, SINOAUDE, Halifax Fan and ENRX will bring their latest developments to the event. Enterprises such as IPG, Changen, Longxin, Huibaisheng and Huinengda will focus on showcasing innovative products and applications related to lasers and optoelectronics; optics and optical manufacturing; testing and quality control; as well as the innovative products and application solutions of infrared technology and applications.

List of some well-known participating brands:

FANUC, IPG, KINKELDER, STARK, INDUCTOTHERM, SINOAUDE, HALIFAX FAN, ENRX, HUIBAISHENG, SINOFORM, CHANGEN, HANDUK, KTM, TOYOKOHAN, TAELIM, VICTAULIC-TUWEI, TEMA, DONGAN, FIELD, AMPCO, ARES, JINYI, SONGYANG STAINLESS STEEL INDUSTRY ASSOCIATION, CHENLONG, ZHONGYONG, CHANGFENG, WAN-RUN DA , BOKENA, TUS PIPE, LONGXIN, NANYANG, CONTOR M & E, SHENGTIAN, NEW VICTOR, HUAYANG, HUILITONG, BAOFENG, JINCHUANG XINTIAN, HAIQIANWEI, FUGANG, ASCENDING, JUYI, LIWAN, VICTORY, ZHONGHAO, YOUFA, etc..

(*Information is updated as of August 31st, 2024. Listing is in no particular order)

Concurrent events, including the China International Steel Tube & Pipe Summit and the 2024 Heat Treatment Technology Seminar, will be organized during the expo to enhance communication, foster partnerships, drive technological innovation and uphold high-quality development within the industry.

A variety of activities will be organized to celebrate the 20th anniversary of the annual expo and the longstanding support from all participants of the expo.

Looking ahead, organizers of wire & Tube China will continue to promote development of the event to promote exchanges and bolster quality development of the industry.

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SOURCE Messe Düsseldorf Shanghai

Technology

PayMongo and Brankas Now Offer the Widest Range of Payment Options in the Philippines

Published

9 mins ago

September 25, 2024

Enable seamless, secure, and direct online banking payments with Brankas through PayMongo, featuring top Philippine banks BDO, Metrobank, and Landbank.

MANILA, Philippines, Sept. 25, 2024 /PRNewswire/ — PayMongo has partnered with Brankas to add new payment options to the PayMongo platform, making it the payment gateway with the widest range of payment options for Filipino businesses. PayMongo payment options include credit cards, e-wallets, BNPL, QRPh, and online banking. PayMongo merchants can now accept direct online banking payments from three additional Philippine banks — BDO, Metrobank, and Landbank — offering greater convenience and flexibility for both merchants and customers.

eCommerce stores, food delivery websites, ride-hailing apps, and gaming platforms that are PayMongo merchants can accept more forms of payments by integrating Brankas Direct API. This pay-by-bank channel is another trusted payment method that makes transactions faster and enhances the overall payment experience for users.

“Brankas and PayMongo share the same commitment to deliver fast and secure payment experience for users. Offering more payment options is a win-win for both customers and merchants as we offer greater payment flexibility and customer reach at the same time.” said Todd Schweitzer, Brankas CEO and Co-founder.

How to Get Started with Brankas Direct

To start accepting direct online banking payments, existing PayMongo merchants simply need to contact PayMongo Customer Support to request the activation of BDO, Metrobank, and Landbank payment options. The feature is available for Shopify plug-in users, PayMongo’s Custom & Checkout API, PayMongo Pages, and PayMongo Links. Users of the custom API require minimal updates, and the PayMongo developer website provides the full details.

Ready to enhance your payment offerings and provide a better customer experience? Enable Brankas Direct through PayMongo now. Visit Brankas Direct or PayMongo to learn more.

About PayMongo

PayMongo is a leading financial infrastructure platform in the Philippines, designed to simplify how businesses manage their finances. From payment processing to embedding financial services, PayMongo provides solutions that enable businesses to accept payments both online and in-person, streamline financial operations, and drive profitability. By offering a wide range of payment options and seamless integration, PayMongo empowers businesses to grow their revenue and succeed in the digital economy.

About Brankas

Brankas is a leading global open finance technology provider. We provide API-based solutions, data and payments solutions for financial service providers (like banks, lenders and e-wallets) and online businesses. Brankas partners with banks to build and manage their open finance infrastructure, producing APIs for real-time payments, identity and data, new account opening, remittances, and more. With Brankas’ secure open banking technology, online businesses, fintech companies and digital banks can use Brankas APIs to create new digital experiences for their users.

Media Enquiries:

Yiyang Teo
yiyang.teo@brank.as

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SOURCE Brankas