Market Overview:
The global privileged identity management 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 cloud-based solutions, rising security concerns, and growing demand for privileged identity management in the BFSI sector. On the basis of type, the global privileged identity management market is segmented into on-premises and cloud-based solutions. The on-premises segment is expected to dominate the market during the forecast period owing to its advantages such as low cost and easy customization. However,the cloud-based segment is projectedto grow at a higher CAGR due to its benefits such as scalability and flexibility. and others segments. Among these applications,..Inaddition,.
Product Definition:
Privileged Identity Management (PIM) is the process of managing and monitoring the use of privileged user accounts and their associated credentials. The main benefit of using PIM is that it helps organizations to protect their critical systems and data from unauthorized access or malicious activity.
On-Premises:
On-premises, it's usage and growth factor in Privileged Identity Management (PIM) market is expected to witness significant growth over the forecast period. The PIM solution is primarily used by enterprises for managing user accounts and authentication data across organizations. It also helps in providing a central location for managing policies, access requests, approvals and other such processes related to users or groups of users with privileged access.
Cloud-Based:
Cloud-based privileged identity management (PIM) is a cloud service that helps in provisioning, managing and securing access to organizational resources. It also helps the enterprises in simplifying and streamlining their processes related to user management, role management and authentication services. The PIM solutions are capable of handling large sets of enterprise data by providing scalable capabilities with reduced costs for the enterprises.
Application Insights:
The banking, financial services, and insurance (BFSI) segment dominated the global market in 2017. The BFSI sector is one of the leading adopters of privileged identity management solutions as they help organizations to manage and secure access to sensitive data. Moreover, increasing data breaches within this sector are encouraging organizations to adopt privileged identity management solutions as they provide a higher level of security against cyberattacks.
Telecom and IT is expected to be the fastest-growing application segment over the forecast period owing to rising adoption by telecom providers and IT companies for managing user privileges across their infrastructure. For instance, in February 2018 Trend Micro Inc., a cybersecurity company collaborated with Huawei Technologies Co., Ltd., an international networking equipment supplier; TATA Communications Ltd.; Microsoft Corporation; Acronis International GmbH; Aastra Systems Limited; Cisco Systems, Inc.; Polycom Corporation; Citrix Systems, Inc.; D-Link Corp.; EMC Corporation; F5 Networks LLC.
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 data protection along with compliance with regulatory requirements such as Health Insurance Portability and Accountability Act (HIPPA) and Gramm-Leach-Bliley (GLB) Act in healthcare sector. Furthermore, growing adoption of cloud technology in telecom sector has led to an increase in demand for privileged identity management solutions over the past few years.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to increasing number of cyberattacks on organizations leading to theft of confidential information such as credit card details, bank account information, etc., Besides this, rising incidence of frauds using online banking services is also driving market demand across this region.
Growth Factors:
- Increasing demand for cloud-based services and BYOD policies across organizations is expected to drive the growth of the privileged identity management market.
- The need for enhanced security and compliance with regulations such as GDPR is also expected to fuel the growth of the market.
- The increasing adoption of automation and orchestration solutions is anticipated to create opportunities for vendors in the privileged identity management market.
- Growing awareness about threats posed by insider threats is expected to propel demand for privileged identity management solutions over the forecast period.
- Rising number of cyber-attacks is projected to boost spending on privileged identity management solutions, thereby propelling growth of this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Privileged Identity Management Market Research Report
By Type
On-Premises, Cloud-Based
By Application
BFSI, Telecom and IT, Healthcare, Manufacturing, Energy and Utilities, Government & Defense, Retail, Others
By Companies
IBM, Centrify, BeyondTrust, Broadcom, CyberArk Software, One Identity, Thycotic, ARCON, Hitachi ID Systems, MasterSAM, NetIQ, NRI Secure Technologies, ObserveIT, Wallix, Devolutions, Ekran System, Manage Engine, Xton Technologies
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Privileged Identity Management Market Report Segments:
The global Privileged Identity Management market is segmented on the basis of:
Types
On-Premises, Cloud-Based
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
BFSI, Telecom and IT, Healthcare, Manufacturing, Energy and Utilities, Government & Defense, Retail, Others
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:
- IBM
- Centrify
- BeyondTrust
- Broadcom
- CyberArk Software
- One Identity
- Thycotic
- ARCON
- Hitachi ID Systems
- MasterSAM
- NetIQ
- NRI Secure Technologies
- ObserveIT
- Wallix
- Devolutions
- Ekran System
- Manage Engine
- Xton Technologies
Highlights of The Privileged Identity Management 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:
- On-Premises
- Cloud-Based
- By Application:
- BFSI
- Telecom and IT
- Healthcare
- Manufacturing
- Energy and Utilities
- Government & Defense
- Retail
- Others
- 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 Identity Management 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.
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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 identity management (PIM) is a process that helps organizations manage identities and access rights for their employees. It can help ensure that only authorized users have access to the information they need, while protecting against unauthorized disclosure of sensitive data.
Some of the key players operating in the privileged identity management market are IBM, Centrify, BeyondTrust, Broadcom, CyberArk Software, One Identity, Thycotic, ARCON, Hitachi ID Systems, MasterSAM, NetIQ, NRI Secure Technologies, ObserveIT, Wallix, Devolutions, Ekran System, Manage Engine, Xton Technologies.
The privileged identity management market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Privileged Identity Management 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 Identity Management Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Privileged Identity Management 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 Identity Management 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 Identity Management Market Size & Forecast, 2018-2028
4.5.1 Privileged Identity Management Market Size and Y-o-Y Growth
4.5.2 Privileged Identity Management Market Absolute $ Opportunity
Chapter 5 Global Privileged Identity Management 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 Identity Management Market Size Forecast by Type
5.2.1 On-Premises
5.2.2 Cloud-Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Privileged Identity Management 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 Identity Management Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Telecom and IT
6.2.3 Healthcare
6.2.4 Manufacturing
6.2.5 Energy and Utilities
6.2.6 Government & Defense
6.2.7 Retail
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Privileged Identity Management 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 Identity Management 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 Identity Management Analysis and Forecast
9.1 Introduction
9.2 North America Privileged Identity Management 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 Identity Management Market Size Forecast by Type
9.6.1 On-Premises
9.6.2 Cloud-Based
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 Identity Management Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Telecom and IT
9.10.3 Healthcare
9.10.4 Manufacturing
9.10.5 Energy and Utilities
9.10.6 Government & Defense
9.10.7 Retail
9.10.8 Others
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 Identity Management Analysis and Forecast
10.1 Introduction
10.2 Europe Privileged Identity Management 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 Identity Management Market Size Forecast by Type
10.6.1 On-Premises
10.6.2 Cloud-Based
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 Identity Management Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Telecom and IT
10.10.3 Healthcare
10.10.4 Manufacturing
10.10.5 Energy and Utilities
10.10.6 Government & Defense
10.10.7 Retail
10.10.8 Others
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 Identity Management Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Privileged Identity Management 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 Identity Management Market Size Forecast by Type
11.6.1 On-Premises
11.6.2 Cloud-Based
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 Identity Management Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Telecom and IT
11.10.3 Healthcare
11.10.4 Manufacturing
11.10.5 Energy and Utilities
11.10.6 Government & Defense
11.10.7 Retail
11.10.8 Others
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 Identity Management Analysis and Forecast
12.1 Introduction
12.2 Latin America Privileged Identity Management 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 Identity Management Market Size Forecast by Type
12.6.1 On-Premises
12.6.2 Cloud-Based
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 Identity Management Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Telecom and IT
12.10.3 Healthcare
12.10.4 Manufacturing
12.10.5 Energy and Utilities
12.10.6 Government & Defense
12.10.7 Retail
12.10.8 Others
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 Identity Management Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Privileged Identity Management 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 Identity Management Market Size Forecast by Type
13.6.1 On-Premises
13.6.2 Cloud-Based
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 Identity Management Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Telecom and IT
13.10.3 Healthcare
13.10.4 Manufacturing
13.10.5 Energy and Utilities
13.10.6 Government & Defense
13.10.7 Retail
13.10.8 Others
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 Identity Management Market: Competitive Dashboard
14.2 Global Privileged Identity Management Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Centrify
14.3.3 BeyondTrust
14.3.4 Broadcom
14.3.5 CyberArk Software
14.3.6 One Identity
14.3.7 Thycotic
14.3.8 ARCON
14.3.9 Hitachi ID Systems
14.3.10 MasterSAM
14.3.11 NetIQ
14.3.12 NRI Secure Technologies
14.3.13 ObserveIT
14.3.14 Wallix
14.3.15 Devolutions
14.3.16 Ekran System
14.3.17 Manage Engine
14.3.18 Xton Technologies
