[185 Pages Report] The Privileged Identity Management Market size was estimated at USD 5.39 billion in 2023 and expected to reach USD 6.11 billion in 2024, at a CAGR 13.63% to reach USD 13.20 billion by 2030.
The FPNV Positioning Matrix is pivotal in evaluating the Privileged Identity Management Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Privileged Identity Management Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
The report delves into recent significant developments in the Privileged Identity Management Market, highlighting leading vendors and their innovative profiles. These include ARCON by NEC Corporation, BeyondTrust Software, Inc., Broadcom, Inc., CyberArk Software Ltd., Delinea Inc., Ekran System, Fortra, LLC, Foxpass, Inc., Hitachi Solutions, Ltd., IBM Corporation, Iraje Inc., Kron Teknoloji A.Ş., Microsoft Corporation, One Identity by Quest Software Inc., Open Text Corporation, Optrics Inc., Oracle Corporation, Osirium Ltd., Quest Software Inc., Saviynt Inc., Sennovate Inc., Silverlake Mastersam Pte Ltd, Simeio Solutions, LLC, WALLIX Group SA, and Zoho Corporation Pvt. Ltd..
This research report categorizes the Privileged Identity Management Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Offering
- Services
- Managed Services
- Professional Services
- Solution
- Access Management
- Identity Management
- Session Monitoring & Management
- Services
- Installation Type
- Agent-based
- Appliance-based
- Deployment
- Cloud
- On-premises
- Enterprise Size
- Large Enterprise
- Small & Medium Enterprise
- End-User
- BFSI
- Energy & Utilities
- Government & Defense
- Healthcare
- Manufacturing
- Retail & eCommerce
- Telecommunication & IT
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the Privileged Identity Management Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Privileged Identity Management Market?
- What are the technology trends and regulatory frameworks in the Privileged Identity Management Market?
- What is the market share of the leading vendors in the Privileged Identity Management Market?
- Which modes and strategic moves are suitable for entering the Privileged Identity Management Market?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Privileged Identity Management Market, by Offering
- Privileged Identity Management Market, by Installation Type
- Privileged Identity Management Market, by Deployment
- Privileged Identity Management Market, by Enterprise Size
- Privileged Identity Management Market, by End-User
- Americas Privileged Identity Management Market
- Asia-Pacific Privileged Identity Management Market
- Europe, Middle East & Africa Privileged Identity Management Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 26]
- List of Tables [Total: 644]
- List of Companies Mentioned [Total: 25]
Privileged identity management (PIM) involves granting and revoking access to data and applications based on user roles. PIM solutions help organizations manage the diverse array of privileged accounts within their infrastructures, from human beings accessing systems through laptops or mobile devices to applications and systems communicating. The rise of emerging PIM technologies is pivotal, considering the increasing sophistication of cyber threats and the growing importance of data privacy regulations.
One of the latest trends in PIM includes adopting Artificial Intelligence (AI) and machine learning (ML). An AI-enabled PIM solution can analyze the behavior of privileged users and applications, detect anomalies, and promptly respond to security incidents. AI can also help organizations automate privilege management to avoid mistakes such as unauthorized access or over-provisioning user permissions.
Another trend in PIM is the adoption of cloud-native technology. The cloud-based infrastructure of PIM solutions offers several advantages, including greater flexibility and scalability, real-time data analytics, and automated compliance checks.
Apart from AI and cloud-native technology, PIM also integrates biometric authentication mechanisms. This technology finds various use cases, including implementing multi-factor authentication and replacing passwords with biometric data that ensures secure access to systems and applications. Facial recognition using camera-equipped devices has become a popular choice. Biometric authentication also offers users a higher level of convenience, as they can perform verification remotely.
In addition, organizations are also using blockchain technology for PIM solutions to create an immutable ledger of privileged user activity. Using blockchain technology, organizations can capture every action taken by privileged users and precisely identify any unusual activity. Blockchain-based PIM solutions offer users more privacy and transparency than traditional systems while ensuring that only the right people can access sensitive data.
With cyber threats rising, PIM solutions play a vital role in safeguarding organizations' confidential data. Technological advancements, such as AI, cloud-native technology, biometric authentication mechanisms, and blockchain solutions, have taken PIM solutions to the next level. These advancements provide better visibility and control to enforce security policies, mitigate risks, and automate privilege management. As the adoption of PIM technologies continues to grow in every industry, businesses must adapt to keep their data confidential, secure, and safe from security breaches.
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