Market Overview:
The global privileged identity management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing adoption of cloud-based solutions and rising demand for privileged identity management in various industries such as BFSI, healthcare, government, logistics and transportation, manufacturing, media and entertainment, IT and telecom, and others.
Product Definition:
Privileged Identity Management Software is a type of software that helps organizations manage and control the access of their privileged users. It can help to ensure that only authorized users are able to access sensitive data and systems, which can help to protect against data breaches and other security incidents.
Cloud Based:
Cloud Based (CBB) is a model of delivering software-as-a-service (SaaS) that provides shared pools of computing resources and storage. This model helps organizations to reduce their IT infrastructure costs by moving them to a service provider. In recent times, the growth factor in this market has increased due to the growing demand for Software as a Service (SaaS), mobility, social tools, and big data analytics on cloud platforms.
On Premises:
On Premises (OPM) is a term used for the software which is installed on the customer's computers or servers and it contains all the user credentials such as usernames and passwords. The OPM solution does not rely on third-party servers to store, manage, or transmit information. It uses internal data storage mechanisms of an organization to provide a centralized location from which security-enabled applications can be launched.
Application Insights:
The banking, financial services, and insurance (BFSI) segment accounted for the largest market share in 2017. The BFSI sector is anticipated to be one of the prominent adopters of privileged identity management software as it offers a number of advantages such as secure authentication solutions and access control to its users. Furthermore, increasing cyberattacks and data breaches are driving the industry towards robust security solutions that can protect sensitive data across all channels.
The healthcare segment is projected to witness lucrative growth over the forecast period owing to rising incidences of data breaches, frauds, and other crimes that pose a threat to patient confidentiality. In response, hospitals & healthcare organizations are moving away from traditional authentication methods such as usernames and passwords towards more secure digital identities which offer better authentication options like biometrics or mobile authenticator apps. These factors are expected to drive demand for IDM solutions in this sector over the coming years.
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 pertaining to IT security, rising cyber-attacks, and high-profile data breaches. For instance, in June 2018, a major data breach occurred at Equifax Inc., which exposed the personal information of more than 150 million Americans. This led authorities to take various measures such as free identity theft protection services for one year or extended credit monitoring services for consumers affected by this breach.
Asia Pacific is anticipated to witness substantial growth over the next eight years owing its rapidly expanding Information Technology (IT) industry coupled with increasing investments in cloud computing infrastructure development projects across emerging economies including China.
Growth Factors:
- Increasing demand for cloud-based services and BYOD policies across organizations is expected to drive the growth of privileged identity management software market.
- Proliferation of cyber-attacks and data breaches has led to an increased focus on security by organizations, which is anticipated to fuel the demand for privileged identity management software over the forecast period.
- The growing trend of Bring Your Own Device (BYOD) is also projected to boost the market growth as it increases the complexity of managing identities and accesses across different devices.
- Rapid adoption of digital technologies by businesses worldwide is another key factor that would contribute significantly towards market expansion during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Privileged Identity Management Software Market Research Report
By Type
Cloud Based, On Premises
By Application
BFSI, Healthcare, Government, Logistics and Transportation, Manufacturing, Media and Entertainment, IT and Telecom, Others
By Companies
Amazon Web Services, ARCON, BeyondTrust, Broadcom, Centrify, CyberArk Software Ltd., Devolutions, Ekran System, Foxpass, Inc., HashiCorp, Inc., Hitachi ID Systems, IBM, JumpCloud, Manage Engine, MasterSAM, Microsoft Corporation, NetIQ, NRI Secure Technologies, ObserveIT, One Identity, Ping Identity Corporation, SecureLink, Wallix, 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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Privileged Identity Management Software Market Report Segments:
The global Privileged Identity Management 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
BFSI, Healthcare, Government, Logistics and Transportation, Manufacturing, Media and Entertainment, IT and Telecom, 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:
- Amazon Web Services
- ARCON
- BeyondTrust
- Broadcom
- Centrify
- CyberArk Software Ltd.
- Devolutions
- Ekran System
- Foxpass, Inc.
- HashiCorp, Inc.
- Hitachi ID Systems
- IBM
- JumpCloud
- Manage Engine
- MasterSAM
- Microsoft Corporation
- NetIQ
- NRI Secure Technologies
- ObserveIT
- One Identity
- Ping Identity Corporation
- SecureLink
- Wallix
- Xton Technologies
Highlights of The Privileged Identity Management 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:
- BFSI
- Healthcare
- Government
- Logistics and Transportation
- Manufacturing
- Media and Entertainment
- IT and Telecom
- 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 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.
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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 Software is a software application that helps organizations manage and protect privileged identities. Privileged identity management software can help organizations identify, authenticate, authorize, and secure access to privileged identities.
Some of the key players operating in the privileged identity management software market are Amazon Web Services, ARCON, BeyondTrust, Broadcom, Centrify, CyberArk Software Ltd., Devolutions, Ekran System, Foxpass, Inc., HashiCorp, Inc., Hitachi ID Systems, IBM, JumpCloud, Manage Engine, MasterSAM, Microsoft Corporation, NetIQ, NRI Secure Technologies, ObserveIT, One Identity, Ping Identity Corporation, SecureLink, Wallix, Xton Technologies.
The privileged identity management software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Privileged Identity Management Software 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 Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Privileged Identity Management Software 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 Software 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 Software Market Size & Forecast, 2018-2028
4.5.1 Privileged Identity Management Software Market Size and Y-o-Y Growth
4.5.2 Privileged Identity Management Software Market Absolute $ Opportunity
Chapter 5 Global Privileged Identity Management Software 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 Software Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Privileged Identity Management Software 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 Software Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Healthcare
6.2.3 Government
6.2.4 Logistics and Transportation
6.2.5 Manufacturing
6.2.6 Media and Entertainment
6.2.7 IT and Telecom
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Privileged Identity Management Software 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 Software 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 Software Analysis and Forecast
9.1 Introduction
9.2 North America Privileged Identity Management Software 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 Software Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On Premises
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 Software Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Healthcare
9.10.3 Government
9.10.4 Logistics and Transportation
9.10.5 Manufacturing
9.10.6 Media and Entertainment
9.10.7 IT and Telecom
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 Software Analysis and Forecast
10.1 Introduction
10.2 Europe Privileged Identity Management Software 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 Software Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On Premises
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 Software Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Healthcare
10.10.3 Government
10.10.4 Logistics and Transportation
10.10.5 Manufacturing
10.10.6 Media and Entertainment
10.10.7 IT and Telecom
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 Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Privileged Identity Management Software 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 Software Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On Premises
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 Software Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Healthcare
11.10.3 Government
11.10.4 Logistics and Transportation
11.10.5 Manufacturing
11.10.6 Media and Entertainment
11.10.7 IT and Telecom
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 Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Privileged Identity Management Software 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 Software Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On Premises
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 Software Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Healthcare
12.10.3 Government
12.10.4 Logistics and Transportation
12.10.5 Manufacturing
12.10.6 Media and Entertainment
12.10.7 IT and Telecom
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 Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Privileged Identity Management Software 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 Software Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On Premises
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 Software Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Healthcare
13.10.3 Government
13.10.4 Logistics and Transportation
13.10.5 Manufacturing
13.10.6 Media and Entertainment
13.10.7 IT and Telecom
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 Software Market: Competitive Dashboard
14.2 Global Privileged Identity Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amazon Web Services
14.3.2 ARCON
14.3.3 BeyondTrust
14.3.4 Broadcom
14.3.5 Centrify
14.3.6 CyberArk Software Ltd.
14.3.7 Devolutions
14.3.8 Ekran System
14.3.9 Foxpass, Inc.
14.3.10 HashiCorp, Inc.
14.3.11 Hitachi ID Systems
14.3.12 IBM
14.3.13 JumpCloud
14.3.14 Manage Engine
14.3.15 MasterSAM
14.3.16 Microsoft Corporation
14.3.17 NetIQ
14.3.18 NRI Secure Technologies
14.3.19 ObserveIT
14.3.20 One Identity
14.3.21 Ping Identity Corporation
14.3.22 SecureLink
14.3.23 Wallix
14.3.24 Xton Technologies
