Global Privileged Access Management (PAM) Software Market by Type (Cloud Based, On-premises), By Application (SMEs, Large Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global privileged access management (PAM) software market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing adoption of PAM software by SMEs and large enterprises for securing their critical data and systems. Additionally, the growing demand for cloud-based PAM solutions is also contributing to the growth of the market. However, lack of awareness about PAM solutions among end users is restraining the growth of this market. On basis on type, Cloud-Based segment held largest share in 2017 and it will continue its dominance during forecast period due to rising trend towards cloud-based services across globe .Whereas On premise segment will witness highest CAGR over forecast period owing growing demand from small & medium businesses (SMBs). Regionally, North America accounted for largest share in 2017 and it will continue its dominance during forecast period due To presence Of major players such as IBM Corporation , Microsoft Corporation And Oracle Corporation .



Get Free Sample Report

Product Definition:

Privileged Access Management (PAM) Software is a type of software that helps organizations to manage and control the access of privileged users to systems and applications. The importance of PAM software is that it helps organizations to ensure that only authorized users have access to sensitive data and systems, which can help protect against data breaches and other security incidents.

Cloud Based:

Cloud-based solutions are gaining popularity in the PAM software market owing to its cost effectiveness, flexibility and ease of deployment. These solutions offer features such as automatic updates, remote access to data and real time management of user accounts which are increasingly becoming popular among enterprises. The growing trend towards mobility in organizations is also expected to drive the growth of this market over the forecast period.

On-premises:

On-premises software is a type of data protection solution that is installed and used at the customer's site. The software can be installed on computers present within the organization or can be deployed through cloud services. On-premises software solutions are preferred over cloud solutions as they offer more flexibility to organizations, in terms of pricing and protection plans.

Application Insights:

The small and medium enterprises (SMEs) segment held the largest market share in 2017. This is attributed to factors such as growing awareness about cyber-attacks among SMEs, need for controlling access to privileged accounts of computers or servers and increasing adoption of remote access solutions by these organizations. According to a study published by the Ponemon Institute, nearly 60% of SMEs have been hacked over the past two years. Thus, an increasing number of privileged account breaches at SMEs may be one of the reasons contributing towards larger market share.

Large enterprises are also expected to adopt PAM software at a significant rate owing to various advantages offered by these solutions including granular control over who has access to what information across different applications as well as data centers and strict enforcement policies for restricting user privileges based on defined roles.

Regional Analysis:

North America is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing government regulations and standards for IT security, rising awareness about cyber security, and rapid technological advancements in networking & communication technologies. Moreover, presence of major technology players such as Cisco Systems Inc., Trend Micro Inc., Hewlett Packard Enterprise Development LP, CA Technologies; PAM software providers such as Access Control Company; and solution architects/engineers with in-depth knowledge of IT infrastructure & security are some factors attributing towards regional growth.

Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing number of SMEs across various sectors including banking & financial services (BFS), telecoms/ITES, healthcare sector among others which lack resources required for developing secure networks thereby leading toward higher adoption rates for privileged access management solutions in these sectors.

Growth Factors:

Increasing demand for secure and efficient privileged access management solutions from various industry verticals
Proliferation of Bring Your Own Device (BYOD) and cloud-based initiatives across organizations
Stringent government regulations and compliance requirements pertaining to data security
Growing need for thwarting cyber-attacks and preventing data breaches
Increased spending on information security by organizations


Get Free Sample Report
Scope Of The Report
Report Attributes
Report Details
Report Title
Privileged Access Management (PAM) Software Market Research Report
By Type
Cloud Based, On-premises
By Application
SMEs, Large Enterprises
By Companies
BeyondTrust, Broadcom, Centrify, CyberArk, Devolutions, Ekran System, ManageEngine, Micro Focus, One Identity, Remediant, Oracle, Thycotic, Xton Technologies, Microsoft, AWS, SecureLink, ARCON, Foxpass, HashiCorp, Silverfort, Google, Identity Automation, Omada, Securden, Alibaba
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.

Global Privileged Access Management (PAM) Software Market Report Segments:
The global Privileged Access Management (PAM) Software market is segmented on the basis of:
Types
Cloud Based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
BeyondTrust
Broadcom
Centrify
CyberArk
Devolutions
Ekran System
ManageEngine
Micro Focus
One Identity
Remediant
Oracle
Thycotic
Xton Technologies
Microsoft
AWS
SecureLink
ARCON
Foxpass
HashiCorp
Silverfort
Google
Identity Automation
Omada
Securden
Alibaba



Get Free Sample Report

Highlights of The Privileged Access Management (PAM) Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud Based
On-premises
By Application:
SMEs
Large Enterprises
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Privileged Access Management (PAM) Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

Frequently Asked Questions?