Market Synopsis
As per Market Research Future (MRFR) analysis, the global privileged identity management market is expected to grow at approximately USD 20 million with a CAGR of 28% from 2021 to 2030 (forecast period). The research report provides a brief summary of the effects of COVID-19 on current/future market situations. The report describes some of the significant market factors that will affect the growth of this sector, such as market share, major region, and key players.
Privileged identity management is characterized as a sub-domain within identity management. It provides service to the special requirements of privileged accounts within the IT department of the company. It allows government and private entities to prevent sensitive information from hacking and malware that could damage the network.
Click Here to Get Sample Premium Report @ https://www.marketresearchfuture.com/sample_request/3233
Market Dynamics
Protection from increased cyber-attacks and malware is fuelling the growth of the privileged identity management market. As per the study, identity management solutions represent the largest market share in the privileged identity management market. The market for PIM is being fuelled by the increased acceptance of bring your own device (BYOD) in enterprises and managing the identities associated with a privileged account. BFSI and insurance vertical contribute to the largest market share in the PIM market. The study also indicates that session monitoring and management will play a vital role in the PIM industry.
Market Segmentation
The global privileged identity management market has been segmented into component, installation type, deployment type, organization size, and vertical.
Based on the component, the global privileged identity management market has been divided into solution and service. The solution segment has been further segregated into identity management, access management, session monitoring, and management. Service segment has been further segregated into professional services, implementation and integration, consulting, education and training, support and maintenance, and managed services.
Based on the installation type, the global privileged identity management market has been segmented into agent-based and appliance based.
Based on the deployment type, the global privileged identity management market has been segmented into cloud and on-premise. The cloud solution is expected to gain the largest market share by the deployment category.
Based on organization size, the global privileged identity management market has been segmented into small medium enterprises and large enterprises.
Based on vertical, the global privileged identity management market has been segmented into government defense, healthcare, manufacturing, energy utilities, IT telecommunication, retail, and others.
Regional Analysis
The regional analysis of the global privileged identity management market is being studied for regions such as Asia Pacific, North America, Europe, and the Rest of the World.
North American region is projected to account for the largest share of the privileged identity management market due to higher adoption of bring your own device (BYOD) technology and malicious software that can easily hack sensitive information. There is an increased acceptance of technologies, such as session monitoring and identity management. The Asia Pacific region is projected to account for the highest CAGR in the PIM market due to an improvement in IT infrastructure and an increase in cyber-attacks.
Key Players
The prominent players in the privileged identity management market are ARCON (India), Balabit (Hungary), BeyondTrust (U.S.), Bomgar Corporation (U.S.), CA, Inc. (U.S.), Centrify (U.S.), Core Security (U.S.), Cyberark (U.S.), Hitachi-ID (Canada), IBM Corporation (U.S.), among others.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/privileged-identity-management-market-3233
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
