According to the new market research report by Industry ARC titled “Privileged Identity Management Market: By Product (Software Licenses, Services); By Mode of Deployment (On-Premise, Cloud, Hybrid Cloud); By End-User Segment (Government, Large Enterprises, Small & Medium Enterprises); By Geography – (2018-2023)” the market is expected to grow at a CAGR of 19.7% to reach $2.3 billion by 2023. Enterprises need to be protected from unauthorized third party access into their information systems and even malicious attacks. This factor drives the Privileged Identity Management Market in the forecast period.
Americas dominates the Privileged Identity Management Market during the forecast period
Americas holds a major share of 42% in the Privileged Identity Management Market in the coming years. This is followed by Europe and Asia Pacific. Presence of more number of players in North America drives the market in the region. Asia Pacific, on the other hand, is expected to have the fastest growth. The countries in Asia pacific and Europe have more scope of growth in the future along with few developed countries.
Countries such as the US, UK, Canada, and Japan employ privileged identity management due to the presence of OS, DBAs, auditors, and external users. Security, monitoring, managing privileged accounts, and activities related to data center management are attributed to the growth of privileged access management across the globe.
Selected Regulatory Analysis done in the full report
Large enterprises are the main adopters of privileged access management solutions. This is attributed to their presence in different geographical locations, widespread operations, and multiple regulatory requirements. In these enterprises, credentials and accounts can be misused by insiders. Developed countries mainly use the privileged identity management to protect against growing number of cyber-attacks. Data center consolidation, cloud computing, and outsourcing to protect the information from being misused by the vendors has spurred the growth of PIM solutions recently.
Large enterprises segment is expected to reach $1,373.5 million with a CAGR of 18.70% by 2023. This is due to the increasing demand of privileged account security from large scale enterprises in developed countries.
Excerpts on Market Growth factors mentioned in the full report
- Bring Your Own Devices (BYOD) and work from home culture have become common in professional workplaces. These trends require an employee to use a portable workstation which becomes susceptible to cyber and non-cyber attacks. PIM can control these vulnerabilities by managing the access controls.
- Many cases of security breaches have been reported, where insiders have become a threat inside an organization. This factor has introduced the implementation of identity management system.
- The government mandate for compliance with security breach protection has augmented the demand for the privileged user management.
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Key players of the Privileged Identity Management Market:
Moog Inc. And Parker Hannifin Corp are analyzed to be the dominant players of the electro hydraulic servo valve market, followed by Bosch Rexroth.
|MTS SYSTEMS CORPORATION||STAR HYDRAULICS LIMITED||WOODWARD,INC.|
|HONEYWELL INTERNATIONAL INC.||EATON CORPORATION||VOITHGmbH|
|EMG AUTOMATION GmbH||Company 8||Company 9|
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Privileged identity Management Market is segmented as below
The PIM security solution helps enterprises in controlling threats inside and outside the premises. It reviews the use of privileged access credentials across different platforms, systems, and applications.
- Privileged Identity Management Market by type
- Software Licenses
- Privileged Identity Management Market by end user segment
- Large Enterprises
- Government Organizations
- Small and Medium Enterprises (SMEs)
- Privileged Identity Management Market by mode of deployment
- Hybrid Cloud
- Privileged Identity Management Market by geography(9+ countries)
- Privileged identity Management Market by entropy
- Company profiles
- Appendix: Abbreviations, Sources, Research Methodology, Bibliography, Compilation of Experts, Disclaimer.
What can you expect from the report?
The Privileged identity Management Market Report is prepared with the Main Agenda to Covers the following 20 points:
- Market Size by Product Categories
- Market trends
- Manufacturer Landscape
- Distributor Landscape
- Pricing Analysis
- Top 10 End user Analysis
- Product Benchmarking
- Product Developments
- Mergers & Acquisition Analysis
- Patent Analysis
- Demand Analysis (By Revenue & Volume)
- Country level Analysis (15+)
- Competitor Analysis
- Market Shares Analysis
- Value Chain Analysis
- Supply Chain Analysis
- Strategic Analysis
- Current & Future Market Landscape Analysis
- Opportunity Analysis
- Revenue and Volume Analysis
Does IndustryARC publish country, geography or application based reports in Privileged Identity Management Market?
Yes, we do have separate reports and database as mentioned below:
- Americas Privileged Identity Management Market(2018-2023)
- Europe Privileged Identity Management Market(2018-2023)
- Asia Pacific Privileged Identity Management market(2018-2023)
- Large Enterprises Privileged identity Management Market(2018-2023)
- Government Organisations Privileged Identity Management Market(2018-2023)
Does IndustryARC provide customized reports and charge additionally for limited customization?
Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
- Increase the level of data in application or end user industry.
- Increase the number of countries in geography or product chapter.
- Find out market shares for other smaller companies or companies which are of interest to you
- Company profiles can be requested based on your interest.
- Patent analysis, pricing, product analysis, product bench-marking, value and supply chain analysis can be requested for a country or end use segment.
Any other major customizations can be discussed with our team and can provide a separate quote based on your requirements. You can drop an e-mail to firstname.lastname@example.org to discuss more about our consulting services.
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