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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..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

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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RHEI Unveils Data Monetization Platform, Activating Over $35 Million to Help Creators Unlock the Value of Their Existing Content

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VANCOUVER, BC and LAS VEGAS, Jan. 9, 2025 /PRNewswire/ – RHEI, a global leader in content distribution and marketing for the creator economy, today announced the launch of RHEI Data Pro, a first-of-its-kind Data Monetization Platform designed to enable creators and content owners to earn revenue from their extensive libraries of content. Launched with over $35 million activated in partnership with numerous mega platforms, RHEI Data Pro enables partners to license their existing content for training next-generation foundational models. The solution underscores RHEI’s commitment to supporting growth for creators and content owners, ensuring they are fairly compensated when their content is being leveraged for training purposes.

“RHEI is committed to ensuring that creators are empowered to actively take part in the evolution of AI by ensuring they are fairly compensated when their content and data fuel innovation,” said Shahrzad Rafati, CEO of RHEI. “The increasing symbiosis between AI and human creativity is very exciting, and we developed RHEI Data Pro to create new revenue pathways for creators based on the years of work they’ve already put into their craft. Our vision is for creators to be recognized at the forefront of this transformation, not just as participants but as invaluable contributors to the Augmented Creativity Era.”

RHEI Data Pro offers creators and content owners a seamless and flexible way to monetize their extensive video libraries while retaining full ownership rights. For every 1,000 hours of licensed content, they stand to earn up to $100,000 from multiple licensing transactions — providing an opportunity to unlock meaningful revenue from content already in their portfolio. This ensures creators and content owners can participate in the growing demand for high-value, diverse content in multiple languages, which plays a pivotal role in training foundational models.

“Data is no longer just the foundation of the solutions we build; it is a pivotal driver of growth and innovation for our company and our partners,” said Lewis Ball, Chief Strategy and Product Officer at RHEI. “With RHEI Data Pro, we are redefining the role of data—transforming it into a lucrative revenue stream for creators and content owners. This platform not only empowers them to monetize their content in innovative ways but also underscores our commitment to leveraging data as a strategic asset that delivers long-term value for all stakeholders.”

The licensing process has been designed to be as seamless as possible. RHEI manages all aspects of data preparation and augmentation, ensuring content meets the requirements of major technology companies and integrating accompanying metadata to enhance data value. The flexible, per-hour pricing model ensures that creators are compensated fairly, based on the unique value of each video.

About RHEI
RHEI’s mission is to redefine content distribution and marketing in the creator economy to empower human creativity, with a focus on pioneering personalized, effective, and intelligent AI solutions. RHEI is headquartered in Vancouver, Canada, reaching a global audience of 600 million unique monthly viewers across 150 countries. www.rhei.com

Media Contact:
pr@rhei.com

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SOURCE RHEI Creations Corp.

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ASEA unveils vision for the future as it enters its 15th year of innovation, growth, and dedication to direct sales

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ASEA®, a global pioneer in wellness and redox-based health products, proudly marks its 15th anniversary this year, reflecting on a history of innovation, stable growth, and commitment to empowering distributors in the direct sales industry. As the company embarks on this milestone, Founder and Chair Tyler Norton and new CEO Jarom Webb unveiled a vision aimed at driving future growth through three core strategies: next-generation redox products, existing and new market expansion, and significant investments in the business opportunity it provides its associates.

PLEASANT GROVE, Utah, Jan. 9, 2025 /PRNewswire-PRWeb/ — ASEA®, a global pioneer in wellness and redox-based health products, proudly marks its 15th anniversary this year, reflecting on a history of innovation, stable growth, and commitment to empowering distributors in the direct sales industry. As the company embarks on this milestone, Founder and Chair Tyler Norton and new CEO Jarom Webb unveiled a vision aimed at driving future growth through three core strategies: next-generation redox products, existing and new market expansion, and significant investments in the business opportunity it provides its associates.

This vision was shared earlier today at its Pleasant Grove headquarters during an exclusive invitation-only event with the company’s top associate leaders from around the world.

“Fifteen years of success is not merely a celebration of the past, but a launchpad for the future,” Norton stated. “Yes, we’ve built a strong, stable foundation. But by embracing both the heart and the opportunities of a start-up—along with Jarom’s energetic and strategic leadership—we are poised to propel ASEA into a new era of growth and innovation.”

Fully open and operating in 34 countries, ASEA’s global presence underscores the power of a principles-based direct-selling model that has proven resilient amid industry challenges. The company remains deeply committed to the direct sales distribution channel and the long-term, legacy success of its associates across the world.

Webb, who is a founding executive of ASEA and has held various leadership roles ranging from CFO to president since the company’s inception, stepped into the role of CEO in November. Earlier today, he expressed excitement about the opportunities ahead.

“Today, more than ever,” Webb emphasized, “we are extraordinarily well-positioned to elevate our founding vision of bringing our life-changing products, financial opportunity, and culture to the world—and to do that through you and through a channel I’ve been part of and have loved for more 25 years.”

ASEA’s journey reflects a commitment to consistent growth, grounded in a culture that values stability as a driver for transformation. With a 15-year track record of profitability, no long-term debt, and a privately held, founder-controlled structure, ASEA is prepared to seize new opportunities.

“At ASEA, stability is foundational to our mission,” Webb remarked. “Looking to 2025 and beyond, we will not only maintain our success but amplify it. We have tremendous financial flexibility and scalability to make investments in our field, to further strengthen both our products and our systems, and to capitalize on future global opportunities.

Norton further underscored, “We are catalysts for change—not just in our business but in the lives of our associates, customers, and communities. We are poised to inspire transformation for everyone connected to ASEA.”

ASEA, a global leader in redox technology, is pioneering cellular health products through a principles-based, direct-selling business model. ASEA offers first-to-market revolutionary redox signaling molecule products, helping your cells work together as they’re meant to do. Our redox technology supports the body’s natural cellular renewal and communication and signals the regulation of genetic pathways. ASEA redox products power the potential of your cells, body, and life to help you feel your best.* Founded in 2010, ASEA currently operates in 34 international markets. For more information about ASEA® products or the accompanying business opportunity, visit aseaglobal.com. ASEA: We power potential™

*These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease. This material is intended for a US audience only.

Media Contact

Robb Bruce, ASEA LLC, 1 7275438215, rbruce@aseaglobal.com, aseaglobal.com

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SOURCE ASEA LLC

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Virtual Reality (VR) Market , 33% of Growth to Originate from North America, Technavio

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NEW YORK, Jan. 9, 2025 /PRNewswire/ — The global virtual reality (VR) market size is estimated to grow by USD 133.17 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of 38% during the forecast period.

For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report

Report Attribute

Details

Base Year

2024

Forecast period

2025-2029

Historic Data for

2019 – 2023

Segments Covered

End-user (Enterprise and Consumer), Component (Hardware and Software), Geography (North America, APAC, Europe, Middle East and Africa, and South America), Device, technology, application.

Key Companies Covered

3D Systems Corp., Acer Inc., Advanced Micro Devices Inc., Alphabet Inc., Apple Inc., Baidu Inc., DPVR, FOVE Inc., HTC Corp., Lenovo Group Ltd., Meta Platforms Inc., Microsoft Corp, Osso VR Inc., Pico Technology Ltd., Samsung Electronics Co. Ltd., Sony Group Corp., Unity Technologies Inc., Valve Corp., Varjo Technologies Oy, Virtuix Inc, Barco NV; CyberGlove Systems, Inc, Sensics, Inc.; Sixense Enterprises, Inc. (Penumbra, Inc.); Ultraleap Ltd

Regions Covered

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

Region Outlook

North AmericaEuropeAsiaRest of World

1. North America – North America is estimated to contribute 33%. To the growth of the global market. The Virtual Reality (VR) Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. 

The North American virtual reality market is experiencing significant growth due to several key factors. Major vendors such as Alphabet, Facebook Inc., and Microsoft Corp. Have established a strong presence in the region and are heavily investing in virtual reality technology. Consumers are increasingly adopting technologically advanced applications, driving market expansion. Additionally, substantial research activities aim to broaden the scope of virtual reality technologies. The US and Canada are the leading contributors to the regional market, making North America a significant market for virtual reality technology.

For more insights on North America’s significant contribution along with the market share of rest of the regions and countries – Download a FREE Sample

Segmentation Overview

End-user 1.1 Enterprise1.2 ConsumerComponent 2.1 Hardware2.2 SoftwareGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South AmericaCountry 4.1 Mexico4.2 Italy4.3 India4.4 Argentina4.5 South AfricaDeviceTechnologyApplication

1.1 Fastest growing segment:

Virtual reality (VR) is a computer-generated simulation of a three-dimensional environment, presented to users in a way that they perceive it as real. VR does not interact with the physical world. Instead, it creates a new experience, often through the use of a headset. Advancements in VR hardware, such as new headset launches, are driving user adoption in industries like gaming, entertainment, retail, sports, travel, and healthcare. In healthcare, VR is used for disease diagnosis and therapy. For instance, doctors at George Washington University Hospital used VR technology to detect healthy and COVID-19-infected tissues. Oxford VR launched a VR-based therapy for social anxiety. However, the rise of augmented reality (AR) technology may hinder VR growth. Yet, the demand for remote working applications, OTT platforms, and online shopping increased due to the pandemic, driving the need for faster networks and digital solutions among enterprises. This trend is expected to fuel VR market growth during the forecast period.

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Research Analysis

Virtual Reality (VR) technology is revolutionizing various industries by providing experiences through VR headsets. In healthcare, VR is used for therapy and training, benefiting patients and technicians alike. In gaming and entertainment, VR glasses transport users to 3D virtual worlds, offering unprecedented immersion. VR gloves and bodysuits add an extra layer of interaction, allowing users to feel and move in the virtual environment. Instructional training in industries like defense and automotive uses VR for simulation, enhancing learning and reducing risks. Virtual platforms in the hardware segment power these experiences, while software segment offers AI applications and the metaverse for social interaction. PropVR and REAL System are leading VR technology providers. VR content creation tools enable users to build their virtual tours, virtual classrooms, and VR arcades. VR fitness and therapy applications offer health benefits, while VR therapy is transforming rehabilitation. Augmented reality (AR) complements VR, merging virtual and real worlds. Virtual reality is set to transform education, entertainment, and industries, offering endless possibilities.

Market Overview

The Virtual Reality (VR) market is revolutionizing various sectors, including Architecture and Planning, with 3D models and virtual walkthroughs. In the segment, VR technology is used for instructional training in sectors like Aviation for pilots and Defense personnel, as well as for Technicians in healthcare, automotive, and other organizations. VR technology is also being explored for addressing mental health issues, creating virtual platforms for meetings, and implementing policies & strategies. Event organizers are leveraging VR for live virtual entertainment, while VR simulators offer exciting experiences in gaming, entertainment, and virtual theme parks. The Hardware segment includes VR headsets, glasses, gloves, and bodysuits, with advancements in AI applications and the Metaverse shaping the future of VR. Companies are also developing VR content creation tools, collaboration tools, virtual classrooms, and VR arcades for fitness and therapy. Amidst the coronavirus outbreak and pandemic crisis, VR is becoming increasingly important for remote work and social interaction. Additionally, AR technology and virtual tours are complementing VR in various applications.

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Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor 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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