The privileged identity management market forecast is anticipated to reach a valuation of USD 20 million by the year 2030, with a CAGR of 28 percent between 2021-2030.
Market Scenario:
The Privileged Identity Management Market research report provides a summary of the effects of COVID-19 on current/future market situations. The report describes some of the significant market factors that will affect the growth of this sector, such as market share, major region, and key players.
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Competitive Landscape of the market:
The major players of the privileged identity management market are:
- Balabit (Hungary)
- IBM Corporation (U.S.)
- ARCON (India)
- Hitachi-ID (Canada)
- BeyondTrust (U.S.)
- Cyberark (U.S.)
- Bomgar Corporation (U.S.)
- Core Security (U.S.)
- Centrify (U.S.)
- CA, Inc. (U.S.)
Market Segmentation:
The solution segment has been further segregated into identity management, access management, session monitoring, and management. Service segment has been further segregated into professional services, implementation and integration, consulting, education and training, support and maintenance, and managed services.
Based on the component, the global privileged identity management market has been divided into solution and service.
Based on the installation type, the global privileged identity management market has been segmented into agent-based and appliance based.
Based on the deployment type, the global privileged identity management market has been segmented into cloud and on-premises. The cloud solution is expected to gain the largest market share by the deployment category.
Based on organization size, the global privileged identity management market has been segmented into small & medium enterprises and large enterprises.
Based on vertical, the global privileged identity management market has been segmented into government & defence, healthcare, manufacturing, energy & utilities, IT & telecommunication, retail, and others.
Regional Analysis:
North American region is projected to account for the largest share of the privileged identity management market due to higher adoption of bring your own device (BYOD) technology and malicious software that can easily hack sensitive information. There is an increased acceptance of technologies, such as session monitoring and identity management. The Asia Pacific region is projected to account for the highest CAGR in the PIM market due to an improvement in IT infrastructure and an increase in cyber-attacks.
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Industry News:
The global Privileged Identity Management Market Report Market Trends has been affected due to the lockdown across the regions. This pandemic situation has hampered the Privileged Identity Management Market Report Market Growth as well as its productivity, supply chain, and others. Moreover, the global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others. However, in the meantime, the key market players have implied various strategic techniques to boost global market growth. Thus, to meet the global market demands, the global market increased its speed in producing more valuable products for its intended customers. Recently, the global market has stabilized its position in the global market and is expected to register a higher Privileged Identity Management Market Report Market Size for the forecast period.
Table of Content:
Executive Summary
Market Overview
Market Analysis
- Drivers
- Restraints
- Opportunities
- Challenges
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