Privileged Identity Management Market - Forecasts from 2025 to 2030

The Privileged Identity Management Market is expected to increase from USD 5.736 billion in 2025 to USD 10.336 billion in 2030, at a CAGR of 12.50%.

The Privileged Identity Management (PIM) market is integral to cybersecurity, focusing on securing, managing, and monitoring privileged accounts with elevated access to critical systems and sensitive data. These accounts, used by IT administrators, operators, or automated processes, are high-value targets for cybercriminals. PIM solutions incorporate identity governance, access control, multi-factor authentication (MFA), and session monitoring, complemented by services for implementation, consulting, and support. This market safeguards enterprise environments through privileged access management (PAM), emphasizing credential management, real-time oversight, and compliance to mitigate unauthorized access risks.

This research examines current trends in demand, supply, and sales, alongside recent developments shaping the PIM market. It provides a comprehensive analysis of key drivers, restraints, and opportunities. The study details industry trends, policies, and regulations across geographical regions, offering stakeholders a thorough understanding of the regulatory framework and critical factors influencing the market environment.

Competitive intelligence identifies major industry players and their revenue contributions, derived from extensive secondary research. Sources include industry association studies, analyst reports, investor presentations, press releases, and journals. Market size for the overall PIM sector and its key segments was determined using both bottom-up and top-down methodologies. Values were validated with primary inputs from stakeholders in the global PIM value chain. Comprehensive market engineering integrated data from diverse sources and proprietary datasets, employing data triangulation for accurate market breakdown and forecasting.

Market insights are presented through analytical narratives, charts, and graphics, enabling efficient comprehension of global PIM market dynamics. The global market, valued at USD 7.0 billion in 2024, is expected to reach USD 56.3 billion by 2033, exhibiting a CAGR of 24.71% during 2025-2033. Key players profiled include BeyondTrust Corporation, CyberArk Software Ltd., Thycotic, One Identity LLC, and Delinea Inc., among others.

Key Highlights

The PIM market expands amid escalating cyber threats and regulatory compliance imperatives. North America dominates, propelled by BFSI and cloud deployments fueled by cybersecurity investments. Asia Pacific exhibits rapid growth, driven by digitalization in communication & technology sectors. High costs and skill shortages constrain adoption among smaller enterprises.

Growth Drivers

Rising cyberattacks, including a 40% increase in breaches involving privileged credentials, heighten the need for access controls. Regulations such as GDPR and SOX mandate secure account management to avoid penalties. Cloud and digital transformation, with 60% of enterprises expanding workloads in 2024, demand scalable PIM for distributed systems. Increasing IT complexity from diverse applications and IoT necessitates advanced governance.

Restraints

Substantial implementation costs for software, hardware, and integration deter SMEs. A global cybersecurity talent shortage complicates deployment and management. Challenges in integrating with legacy systems prolong timelines and elevate expenses.

Segmentation Analysis

By Deployment Model: Cloud holds approximately 55% share in 2024, favored for scalability in multi-cloud and hybrid setups. On-premise persists for control in sensitive environments.

By End-User: BFSI commands 25%, driven by financial data protection and PCI DSS compliance amid rising fraud. Communication & technology follows, securing IoT and cloud integrations.

By Account Type: Unattended accounts grow rapidly for automated processes like scripts and bots.

By Enterprise Size: Large enterprises lead due to complex infrastructures and higher threat exposure.

Regional Analysis

North America secures 40% revenue in 2024, bolstered by U.S. cybersecurity allocations and 65% cloud adoption. Asia Pacific grows at 15.8% CAGR, supported by China's $12 billion market and India's $1.5 billion investments. Europe sustains momentum through GDPR enforcement and digital initiatives.

Key Developments

In April 2025, Delinea partnered with Microsoft to facilitate transitions from Entra Permissions Management to its cloud-native PCCE for Azure, AWS, and GCP. Also in April 2025, Inetum Belgium collaborated with Delinea to deliver cloud-native PAM solutions, enhancing security at scale. In July 2025, Palo Alto Networks announced plans to acquire CyberArk for approximately $25 billion, bolstering identity-first security against AI threats.

This report equips industry experts with critical insights into market trends, regulatory landscapes, and competitive dynamics. It highlights opportunities in AI-driven and cloud-native PIM amid challenges like costs and integration. The rigorous methodology, blending primary and secondary data, ensures reliable findings, enabling stakeholders to navigate complexities and prioritize investments in this cornerstone of cybersecurity.

Key Benefits of this Report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

• Historical data from 2022 to 2024 & forecast data from 2025 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others.

Segmentation

By Account Type

• Attended
• Unattended

By Component

• Solutions
• Services

By Deployment Model

• On-Premise
• Cloud

By Enterprise Size

• Small
• Medium
• Large

By End-User

• BFSI
• Retail
• Government & Defense
• IT & Telecommunication
• Healthcare
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• India
• Japan
• South Korea
• Indonesia
• Thailand
• Taiwan
• Others