Market Overview:
The global privileged access management solutions market is expected to grow from USD 1.02 billion in 2018 to USD 2.48 billion by 2030, at a CAGR of 12.8% from 2018 to 2030. The growth of the market can be attributed to the increasing need for privileged access management solutions due to the growing number of cyber-attacks and data breaches across organizations worldwide. In addition, the rising demand for cloud-based privileged access management solutions is also contributing significantly to the growth of this market.
Product Definition:
Privileged access management (PAM) solutions provide a way to manage and monitor the use of privileged accounts. They can help organizations ensure that only authorized users have access to sensitive data and systems, and can help quickly identify any unauthorized activity. PAM solutions are important for organizations of all sizes, as they can help protect against data breaches, improve compliance with security regulations, and reduce IT costs.
Software:
Software is a set of instructions, which when implemented by a computer, enables the functionality of that computer. It consists of procedures for carrying out operations on data or information with the help of computers and electronic devices. Software solutions are used in various industries such as BFSI (Banking, Financial Services and Insurance), government, healthcare & life sciences to carry out secure transactions online or offline.
Physical Appliance:
Physical appliance is a device that assists in performing daily activities with ease. It can be as simple as a cane, wheelchair or walker to more complex devices like home oxygen concentrators, insulin pumps and ventilators. Physical appliances are gaining popularity among the geriatric population due to their ability to reduce dependency on others for assistance and mobility.
Application Insights:
Privileged access management solutions are used in a variety of applications, such as Windows, Unix & Linux, Mac OS and infrastructure devices and IoT. The Windows segment is expected to dominate the market throughout the forecast period owing to its dominant share in the global IT industry. Privileged Access Management for Unix & Linux is gaining traction since it eliminates the need for physical or virtual local network (VPN) connections between remote users and systems as well as across organizational boundaries. It provides granular control over who can perform what operations on privileged accounts by enabling policies that restrict user privileges based on defined conditions.
The Mac OS segment is expected to witness significant growth over the forecast period due to increasing penetration of this operating system at corporate level as well as at home desktops/laptops of consumers globally.
Regional Analysis:
North America is expected to be the fastest growing region over the forecast period. The growth can be attributed to increasing government mandates and regulations for IT security, presence of major vendors in this region, and high adoption rate of technology among enterprises. For instance, according to a white paper published by Infosys in 2015 titled “The Changing Face of IT Security: A New Realityâ€, the company witnessed more than 600% increase in demand for its privileged access management solutions between 2010 and 2014 across various industries including healthcare & life sciences; telecom; banking & financial services; government & defense; manufacturing; transportation & logistics (HLT); energy& utilities).
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising number of cyber-attacks targeting critical infrastructure sectors such as electricity grids and water supply systems.
Growth Factors:
- Increasing demand for secure and efficient privileged access management solutions from various industry verticals to meet compliance requirements.
- Proliferation of Bring Your Own Device (BYOD) and cloud-based initiatives, which has led to the need for better privileged access management solutions that can provide secure access to critical data and systems from any device or location.
- The increasing number of cyber-attacks and data breaches, which has made organizations more aware of the need for robust privileged access management solutions that can help protect their networks and sensitive data from unauthorized access.
- Growing demand for managed security services, which is driving the adoption of Privileged Access Management Solutions as a part of comprehensive security solution offerings by service providers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Privileged Access Management Solutions Market Research Report
By Type
Software, Physical Appliance, Virtual Appliance, Others
By Application
Windows, Unix & Linux, Mac OS, Infrastructure Devices and IoT
By Companies
Thycotic, CyberArk, BeyondTrust (Bomgar), BeyondTrust, Centrify, ManageEngine, Devolutions, Iraje, Wallix, Arcon, Broadcom, One Identity, Hitachi ID Systems, Wheel Systems
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
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Privileged Access Management Solutions Market Report Segments:
The global Privileged Access Management Solutions market is segmented on the basis of:
Types
Software, Physical Appliance, Virtual Appliance, Others
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
Windows, Unix & Linux, Mac OS, Infrastructure Devices and IoT
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:
- Thycotic
- CyberArk
- BeyondTrust (Bomgar)
- BeyondTrust
- Centrify
- ManageEngine
- Devolutions
- Iraje
- Wallix
- Arcon
- Broadcom
- One Identity
- Hitachi ID Systems
- Wheel Systems
Highlights of The Privileged Access Management Solutions 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:
- Software
- Physical Appliance
- Virtual Appliance
- Others
- By Application:
- Windows
- Unix & Linux
- Mac OS
- Infrastructure Devices and IoT
- 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 Solutions 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?
Privileged Access Management Solutions (PAMS) are a set of technologies and processes used to manage access to systems, data, and applications by authorized users. PAMS can help organizations comply with regulations such as the Sarbanes-Oxley Act of 2002 (SOX), which requires companies to maintain accurate records of who has access to their information.
Some of the major companies in the privileged access management solutions market are Thycotic, CyberArk, BeyondTrust (Bomgar), BeyondTrust, Centrify, ManageEngine, Devolutions, Iraje, Wallix, Arcon, Broadcom, One Identity, Hitachi ID Systems, Wheel Systems.
The privileged access management solutions market is expected to register a CAGR of 12.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Privileged Access Management Solutions Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Privileged Access Management Solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Privileged Access Management Solutions Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Privileged Access Management Solutions Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Privileged Access Management Solutions Market Size & Forecast, 2018-2028
4.5.1 Privileged Access Management Solutions Market Size and Y-o-Y Growth
4.5.2 Privileged Access Management Solutions Market Absolute $ Opportunity
Chapter 5 Global Privileged Access Management Solutions Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Privileged Access Management Solutions Market Size Forecast by Type
5.2.1 Software
5.2.2 Physical Appliance
5.2.3 Virtual Appliance
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Privileged Access Management Solutions Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Privileged Access Management Solutions Market Size Forecast by Applications
6.2.1 Windows
6.2.2 Unix & Linux
6.2.3 Mac OS
6.2.4 Infrastructure Devices and IoT
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Privileged Access Management Solutions Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Privileged Access Management Solutions Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Privileged Access Management Solutions Analysis and Forecast
9.1 Introduction
9.2 North America Privileged Access Management Solutions Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Privileged Access Management Solutions Market Size Forecast by Type
9.6.1 Software
9.6.2 Physical Appliance
9.6.3 Virtual Appliance
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Privileged Access Management Solutions Market Size Forecast by Applications
9.10.1 Windows
9.10.2 Unix & Linux
9.10.3 Mac OS
9.10.4 Infrastructure Devices and IoT
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Privileged Access Management Solutions Analysis and Forecast
10.1 Introduction
10.2 Europe Privileged Access Management Solutions Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Privileged Access Management Solutions Market Size Forecast by Type
10.6.1 Software
10.6.2 Physical Appliance
10.6.3 Virtual Appliance
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Privileged Access Management Solutions Market Size Forecast by Applications
10.10.1 Windows
10.10.2 Unix & Linux
10.10.3 Mac OS
10.10.4 Infrastructure Devices and IoT
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Privileged Access Management Solutions Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Privileged Access Management Solutions Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Privileged Access Management Solutions Market Size Forecast by Type
11.6.1 Software
11.6.2 Physical Appliance
11.6.3 Virtual Appliance
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Privileged Access Management Solutions Market Size Forecast by Applications
11.10.1 Windows
11.10.2 Unix & Linux
11.10.3 Mac OS
11.10.4 Infrastructure Devices and IoT
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Privileged Access Management Solutions Analysis and Forecast
12.1 Introduction
12.2 Latin America Privileged Access Management Solutions Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Privileged Access Management Solutions Market Size Forecast by Type
12.6.1 Software
12.6.2 Physical Appliance
12.6.3 Virtual Appliance
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Privileged Access Management Solutions Market Size Forecast by Applications
12.10.1 Windows
12.10.2 Unix & Linux
12.10.3 Mac OS
12.10.4 Infrastructure Devices and IoT
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Privileged Access Management Solutions Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Privileged Access Management Solutions Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Privileged Access Management Solutions Market Size Forecast by Type
13.6.1 Software
13.6.2 Physical Appliance
13.6.3 Virtual Appliance
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Privileged Access Management Solutions Market Size Forecast by Applications
13.10.1 Windows
13.10.2 Unix & Linux
13.10.3 Mac OS
13.10.4 Infrastructure Devices and IoT
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Privileged Access Management Solutions Market: Competitive Dashboard
14.2 Global Privileged Access Management Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thycotic
14.3.2 CyberArk
14.3.3 BeyondTrust (Bomgar)
14.3.4 BeyondTrust
14.3.5 Centrify
14.3.6 ManageEngine
14.3.7 Devolutions
14.3.8 Iraje
14.3.9 Wallix
14.3.10 Arcon
14.3.11 Broadcom
14.3.12 One Identity
14.3.13 Hitachi ID Systems
14.3.14 Wheel Systems
