Privileged Identity Management Market Growth, Size, Share, Trends, Revenue and Future Outlook
Privileged Identity Management Market Size- By Component, By Service, By Deployment Mode, By Installation Type, By Organization Size, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: IACT2335 | Pages: 1 - 205 | Formats*: |
| Category : Information & Communications Technology | |||
Global Privileged Identity Management Market Overview
According to SPER Market Research, the Global Privileged Identity Management Market is estimated to reach USD 26.78 billion by 2032 with a CAGR of 29.54%.
The management of superuser records in an organization's IT environments is known as privileged identity management (PIM). Growing demand for increased organizational productivity is a crucial driver driving market expansion. A aspect of identity management with an emphasis on privileged access management is privileged identity management (PIM). PIM is an information management and governance solution that aids companies in adhering to legal requirements and can assist in preventing data breaches brought on by privileged account abuse.
One of the main drivers of the privileged identity management market is the rise in government monitoring agreements. Other important drivers include the implementation of best practices for identity management, the threat of insider attacks leading to data breaches, and the need to maximize organizational efficiency. Additionally, during the aforementioned forecast period, the market for laser technology will see an increase in new opportunities due to the digitization, acceptance of identification as a service (IDaaS), and growth in the introduction of intelligence-based privileged identity management systems. However, among other factors, the high cost of innovation and implementation is the one limiting market growth and will continue to provide challenges for the privileged identity management market over the aforementioned research period.
Impact of COVID-19 on the Global Privileged Identity Management Market
The COVID-19 Pandemic has affected commercial activities all over the world. Organizations have implemented a remote work ethic and cloud technologies to lessen the impact on business operations as a result of the pandemic. Data protection and privacy problems for enterprises have grown as a result of the growing use of the cloud and remote work. IAM solutions have seen increased acceptance in the midst of the COVID-19 pandemic due to the economic disruption brought on by cybercrime and a rise in identity fraud. Since businesses have realized the advantages of these solutions as a result of the COVID-19 epidemic, it is anticipated that this market will expand significantly over the long run.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Component, By Service, By Deployment Mode, By Installation Type, By Organization Size, By End User |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | ARCON, Balabit, BeyondTrust, Bomgar Corporation, CA, Inc., Centrify, Core Security, Cyberark, Hitachi-ID, IBM Corporation, Iraje, Lieberman Software, NRI Secure Technologies, ObserveIT, Onion ID, Oracle Corporation, Osirium, Quest Software, Silverlake Mastersam, Simeio Solutions, Thycotic, Wheel Systems |
Target Audience
- Consulting Firms
- Government Agencies
- Identity and Access Management Solution Providers
- Independent Software Vendors
- Information Technology Security Agencies
- Managed Security Service Providers (MSSPs)
- Privileged Identity Management Vendors
- System Integrators
- Value-Added Resellers (VARs)
Global Privileged Identity Management Market Segmentation:
1. By Component:
- Services
- Solutions
- Access Management
- Identity Management
- Session Monitoring and Management
2. By Service:
- Managed Services
- Professional Services
- Consulting Services
- Education and Training
- Implementation and Integration
- Support and Maintenance
3. By Deployment Mode:
- Cloud
- On-premises
4. By Installation Type:
- Agent-based
- Appliance-based
5. By Organization Size:
- Large Enterprises
- Small and Medium Enterprises
6. By End User:
- BFSI
- Energy & Utilities
- Government & Defense
- Healthcare
- Manufacturing
- Retail
- Telecom & IT
7. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Privileged Identity Management Market (FY’2019-FY’2032)
- Overview of Global Privileged Identity Management Market
- Segmentation of Global Privileged Identity Management Market By Component (Services, Solutions)
- Segmentation of Global Privileged Identity Management Market By Service (Managed Services, Professional Services)
- Segmentation of Global Privileged Identity Management Market By Deployment Mode (Cloud, On-premises)
- Segmentation of Global Privileged Identity Management Market By Installation Type (Agent-based, Appliance-based)
- Segmentation of Global Privileged Identity Management Market By Organization Size (Large Enterprises, Small and Medium Enterprises)
- Segmentation of Global Privileged Identity Management Market By End User (BFSI, Energy & Utilities, Government & Defense, Healthcare, Manufacturing, Retail, Telecom & IT, Others)
- Statistical Snap of Global Privileged Identity Management Market
- Global Privileged Identity Management Market Growth Analysis
- Problems and Challenges in Global Privileged Identity Management Market
- Global Privileged Identity Management Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global Privileged Identity Management Market
- Details on Recent Investment in Global Privileged Identity Management Market
- Competitive Analysis of Global Privileged Identity Management Market
- Major Players in the Global Privileged Identity Management Market
- SWOT Analysis of Global Privileged Identity Management Market
- Global Privileged Identity Management Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Global Privileged Identity Management Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Privileged Identity Management Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Privileged Identity Management Market
7. Global Privileged Identity Management Market, By Component, 2019-2032 (USD Million)
7.1 Services7.2 Solutions7.2.1 Access Management7.2.2 Identity Management7.2.3 Session Monitoring and Management
8. Global Privileged Identity Management Market, By Service, 2019-2032 (USD Million)
8.1 Managed Services8.2 Professional Services8.2.1 Consulting Services8.2.2 Education and Training8.2.3 Implementation and Integration8.2.4 Support and Maintenance
9. Global Privileged Identity Management Market, By Deployment Mode,2019-2032 (USD Million)
9.1 Cloud9.2 On-premises
10. Global Privileged Identity Management Market, By Installation Type, 2019-2032 (USD Million)
10.1 Agent-based10.2 Appliance-based
11. Global Privileged Identity Management Market, By Organization Size, 2019-2032 (USD Million)
11.1 Large Enterprises11.2 Small and Medium Enterprises
12. Global Privileged Identity Management Market, By End User, 2019-2032 (USD Million)
12.1 BFSI12.2 Energy & Utilities12.3 Government & Defense12.4 Healthcare12.5 Manufacturing12.6 Retail12.7 Telecom & IT12.8 Others
13. Global Privileged Identity Management Market, By Region, 2019-2032 (USD Million)
13.1 Global Privileged Identity Management Market and Market Share by Region (2019-2025)13.2 Global Privileged Identity Management Market and Market Share by Region (2026-2032)13.3 Asia-Pacific13.3.1 Australia13.3.2 China13.3.3 India13.3.4 Japan13.3.5 South Korea13.3.6 Rest of Asia-Pacific13.4 Europe13.4.1 France13.4.2 Germany13.4.3 Italy13.4.4 Spain13.4.5 United Kingdom13.4.6 Rest of Europe13.5 Middle East and Africa13.5.1 Kingdom of Saudi Arabia13.5.2 United Arab Emirates13.5.3 Rest of Middle East & Africa13.6 North America13.6.1 Canada13.6.2 Mexico13.6.3 United States13.7 Latin America13.7.1 Argentina13.7.2 Brazil13.7.3 Rest of Latin America
14. Company Profiles
14.1 ARCON14.1.1 Company details14.1.2 Financial outlook14.1.3 Product summary14.1.4 Recent developments14.2 Balabit14.2.1 Company details14.2.2 Financial outlook14.2.3 Product summary14.2.4 Recent developments14.3 BeyondTrust14.3.1 Company details14.3.2 Financial outlook14.3.3 Product summary14.3.4 Recent developments14.4 Bomgar Corporation14.4.1 Company details14.4.2 Financial outlook14.4.3 Product summary14.4.4 Recent developments14.5 CA, Inc.14.5.1 Company details14.5.2 Financial outlook14.5.3 Product summary14.5.4 Recent developments14.6 Centrify14.6.1 Company details14.6.2 Financial outlook14.6.3 Product summary14.6.4 Recent developments14.7 Core Security14.7.1 Company details14.7.2 Financial outlook14.7.3 Product summary14.7.4 Recent developments14.8 Cyberark14.8.1 Company details14.8.2 Financial outlook14.8.3 Product summary14.8.4 Recent developments14.9 Hitachi-ID14.9.1 Company details14.9.2 Financial outlook14.9.3 Product summary14.9.4 Recent developments14.10 IBM Corporation14.10.1 Company details14.10.2 Financial outlook14.10.3 Product summary14.10.4 Recent developments14.11 Iraje14.11.1 Company details14.11.2 Financial outlook14.11.3 Product summary14.11.4 Recent developments14.12 Lieberman Software14.12.1 Company details14.12.2 Financial outlook14.12.3 Product summary14.12.4 Recent developments14.13 NRI Secure Technologies14.13.1 Company details14.13.2 Financial outlook14.13.3 Product summary14.13.4 Recent developments14.14 ObserveIT14.14.1 Company details14.14.2 Financial outlook14.14.3 Product summary14.14.4 Recent developments14.15 Onion ID14.15.1 Company details14.15.2 Financial outlook14.15.3 Product summary14.15.4 Recent developments14.16 Oracle Corporation14.16.1 Company details14.16.2 Financial outlook14.16.3 Product summary14.16.4 Recent developments14.17 Osirium14.17.1 Company details14.17.2 Financial outlook14.17.3 Product summary14.17.4 Recent developments14.18 Quest Software14.18.1 Company details14.18.2 Financial outlook14.18.3 Product summary14.18.4 Recent developments14.19 Silverlake Mastersam14.19.1 Company details14.19.2 Financial outlook14.19.3 Product summary14.19.4 Recent developments14.20 Simeio Solutions14.20.1 Company details14.20.2 Financial outlook14.20.3 Product summary14.20.4 Recent developments14.21 Thycotic14.21.1 Company details14.21.2 Financial outlook14.21.3 Product summary14.21.4 Recent developments14.22 Wheel Systems14.22.1 Company details14.22.2 Financial outlook14.22.3 Product summary14.22.4 Recent developments
15. List of Abbreviations
16. Reference Links
17. Conclusion
18. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Privileged Identity Management Market size is USD 26.78 billion from 2022 to 2032.
Privileged Identity Management Market Segment is Covered By Component, By Service, By Deployment Mode, By Installation Type, By Organization Size, By End User.
The North America region is anticipated to have the highest market share in Privileged Identity Management Market.
The key players in the market include Companies Covered, ARCON, Balabit, BeyondTrust, Bomgar Corporation, CA, Inc., Centrify, Core Security, Cyberark, Hitachi-ID, IBM Corporation, Iraje, Lieberman Software, NRI Secure Technologies, ObserveIT, Onion ID, Oracle Corporation, Osirium, Quest Software, Silverlake Mastersam, Simeio Solutions, Thycotic, Wheel Systems.
the market for laser technology will see an increase in new opportunities due to the digitization, acceptance of identification as a service (IDaaS), and growth in the introduction of intelligence-based privileged identity management systems.
Privileged Identity Management Market CAGR of 29.54% during the forecast period.
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Privileged Identity Management Market is projected to reach USD 26.78 billion by 2032, growing at a CAGR of 29.54% during the forecast period.
Privileged Identity Management Market grew in market size from 2021. The Market is expected to reach USD 26.78 billion by 2032, at a CAGR of 29.54% during the forecast period.
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