Global Privileged Identity Management Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Component;

Solutions and Services - Professional Services and Managed Services.

By Installation Type;

Appliance-Based and Agent-Based.

By Deployment Mode;

Cloud and On-Premises.

By Organization Size;

Large Enterprises and Small and Medium Enterprises.

By Industry Vertical;

Banking, Financial Services, and Insurance, Government and Defense, Healthcare and Pharmaceuticals, Manufacturing, Energy and Utilities, It and Telecom, Retail and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn129163761 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Privileged Identity Management Market (USD Million), 2020 - 2030

In the year 2023, the Global Privileged Identity Management Market was valued at USD 6,614.59 million. The size of this market is expected to increase to USD 47,676.87 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 32.6%.

The Global Privileged Identity Management (PIM) Market refers to the collective ecosystem of solutions, services, and technologies designed to secure and manage privileged accounts and identities within organizations. Privileged identities typically include accounts with elevated access rights, such as administrators, IT managers, and other personnel who have authority over critical systems and sensitive data.

Increasing sophistication of cyber threats and the growing emphasis on regulatory compliance, organizations are recognizing the imperative to fortify their privileged access controls. PIM solutions play a pivotal role in this regard by offering robust authentication, authorization, monitoring, and auditing functionalities tailored specifically for privileged accounts.

Driven by the escalating frequency and severity of cybersecurity breaches, coupled with stringent compliance requirements across various industries, the global PIM market has witnessed significant growth in recent years. This expansion is further fueled by the proliferation of cloud computing, the Internet of Things (IoT), and the adoption of digital transformation initiatives, which have expanded the attack surface and heightened the need for effective privileged access management.

Key market players offer a diverse array of PIM solutions, ranging from on-premises deployments to cloud-based platforms, catering to the unique needs and preferences of different organizations. These solutions encompass features such as privileged session management, password vaulting, role-based access control, and analytics-driven risk assessment, empowering enterprises to proactively mitigate security risks and safeguard their critical assets.

As organizations increasingly prioritize comprehensive cybersecurity strategies and recognize the centrality of privileged access management within these frameworks, the global PIM market is poised for continued expansion. However, challenges such as interoperability issues, complexity in deployment, and evolving threat landscapes necessitate ongoing innovation and collaboration within the industry to address emerging requirements and deliver robust, future-ready solutions.

In summary, the global Privileged Identity Management market represents a dynamic and rapidly evolving landscape, driven by the imperative for organizations to fortify their cybersecurity postures and ensure the integrity and confidentiality of their sensitive information assets. As businesses confront evolving cyber threats and regulatory mandates, the adoption of advanced PIM solutions is expected to remain a strategic imperative, fostering continued growth and innovation in the market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Installation Type
    3. Market Snapshot, By Deployment Mode
    4. Market Snapshot, By Organization Size
    5. Market Snapshot, By Industry Vertical
    6. Market Snapshot, By Region
  4. Global Privileged Identity Management Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Cybersecurity Threat Landscape

        2. Regulatory Compliance Requirements

        3. Digital Transformation Initiatives

        4. Increasing Incidence of Insider Threats

      2. Restraints
        1. Complexity and Integration Challenges

        2. Organizational Resistance

        3. Interoperability

        4. Vendor Lock-In

      3. Opportunities
        1. Emerging Technologies Integration

        2. Expansion into Emerging Markets

        3. Integration with Identity Governance

        4. Expansion into Emerging Markets

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Privileged Identity Management Market, By Component, 2020 - 2030 (USD Million)
      1. Solutions
      2. Services
        1. Professional Services
        2. Managed Services
    2. Global Privileged Identity Management Market, By Installation Type, 2020 - 2030 (USD Million)
      1. Appliance-Based
      2. Agent-Based
    3. Global Privileged Identity Management Market, By Deployment Mode, 2020 - 2030 (USD Million)
      1. Cloud
      2. On-Premises
    4. Global Privileged Identity Management Market, By Organization Size, 2020 - 2030 (USD Million)
      1. Large Enterprises
      2. Small and Medium Enterprises
    5. Global Privileged Identity Management Market, By Industry Vertical, 2020 - 2030 (USD Million)
      1. Banking, Financial Services, and Insurance
      2. Government and Defense
      3. Healthcare and Pharmaceuticals
      4. Manufacturing
      5. Energy and Utilities
      6. It and Telecom
      7. Retail
      8. Others
    6. Global Privileged Identity Management Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Centrify Corporation
      2. Lieberman Software Corporation
      3. Balabit Corp.
      4. Beyondtrust, Inc.
      5. Bomgar Corporation
      6. Thycotic
      7. CA Inc.
      8. Quest Software Inc.
      9. Cyberark Software Ltd.
      10. Observeit
      11. Zoho Corp (Manageengine)
      12. Simeio Solutions
      13. Micro Focus Netiq
      14. Hitachi Id Systems, Inc.
      15. Wallix
      16. Core Security
      17. IBM Corporation
      18. Oracle Corporation
      19. Silverlake Mastersam Limited
      20. Onion Id, Inc.
      21. Arcon
      22. Iraje
      23. Osirium Ltd
      24. Wheel Systems
      25. NRI Securetechnologies
  7. Analyst Views
  8. Future Outlook of the Market

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