North America Privileged Access Management Solutions Market Forecast to 2031 - Regional Analysis - by Offering, Deployment, Enterprise Size, and End-Use Industry

Description

List of Tables

The North America privileged access management (PAM) solutions market was valued at US$ 968.67 million in 2023 and is expected to reach US$ 2,127.30 million by 2031; it is estimated to register a CAGR of 10.3% from 2023 to 2031.

Increase in Number of Cyberattacks Fuels North America Privileged Access Management (PAM) Solutions Market

In recent years, businesses are facing the continuous threat of cyberattacks. According to Embroker Insurance Services LLC, cyberattacks were considered the fifth top-rated risk in 2020, and cases continue to rise with technological advancements. Computer malware, data breaches, and denial of service (DoS) are a few examples of cyberattacks. During the COVID-19 pandemic, cybercriminals took advantage of misaligned networks as businesses were shifting to remote working environments. According to OneLogin, cybercrime costs more than US$ 1 trillion worldwide, as 37% of organizations were affected by ransomware and 61% were affected by malware attacks in 2020. Between 2019 and 2020, cyberattacks in the US increased by 139% as the country registered 145.2 million cases in Q3 2020. Malware attacks increased by 358% in 2020 compared to 2019. Similarly, according to the Clusit Report, cyberattacks across the globe increased by 10% in 2021 compared to the previous year.

Cyber threats are considered a major concern as various organizations continue to operate in a digital environment. They have serious consequences for individuals, corporations, and governments. The rise in the number of cyberattacks has increased the importance of cybersecurity to safeguard critical infrastructures and to ensure the safety of individuals and organizations. Organizations are increasingly becoming aware of the need to safeguard their critical assets from unauthorized access and potential breaches. Privileged accounts, which have elevated access privileges within an organization's systems and networks, are prime targets for cybercriminals due to their extensive control and access to sensitive information and critical systems. To address this growing threat, robust PAM solutions are being implemented. PAM solutions help organizations effectively manage and secure privileged accounts by enforcing the principle of least privilege, which limits access to only what is necessary for users to perform their tasks. Organizations can reduce their attack surface by minimizing the number of privileged account holders and rights associated with each account by implementing PAM solutions. This active approach significantly mitigates the risk of unauthorized access and potential breaches. Thus, the increasing number of cyberattacks is a significant factor propelling the growth of the privileged access management (PAM) solutions market.

North America Privileged Access Management (PAM) Solutions Market Overview

The North America privileged access management (PAM) solutions market is segmented into the US, Canada, and Mexico. In terms of revenue, North America dominated the privileged access management (PAM) solutions market share. North America is one of the fastest-growing regions in terms of technological innovations and the adoption of advanced technologies. The region's expanding IT infrastructure and the accelerated shift to cloud services necessitate advanced security measures. In 2023, North America held the largest market share in the privileged access management (PAM) solutions market. The increasing prevalence of mobile services and the rising number of security breaches linked to privileged access abuse contribute to the adoption of PAM solutions in the region. PAM solutions aim to protect organizations from cyber threats by monitoring, detecting, and preventing unauthorized privileged access to critical resources. These solutions help reduce the attack surface by limiting privileged account membership and minimizing privileges.

North America Privileged Access Management (PAM) Solutions Market Revenue and Forecast to 2031 (US$ Million)

North America Privileged Access Management (PAM) Solutions Market Segmentation

The North America privileged access management (PAM) solutions market is categorized into offering, deployment, enterprise size, end-use industry, and country.

By offering, the North America privileged access management (PAM) solutions market is segmented into solutions and services. The solutions segment held a larger share of the North America privileged access management (PAM) solutions market share in 2023.

In terms of deployment, the North America privileged access management (PAM) solutions market is segmented into on-premise and cloud. The on-premise segment held a larger share of the North America privileged access management (PAM) solutions market share in 2023.

Based on enterprise size, the North America privileged access management (PAM) solutions market is segmented into large enterprises and SMEs. The large enterprises segment held a larger share of the North America privileged access management (PAM) solutions market share in 2023.

By end- use industry, the North America privileged access management (PAM) solutions market is BFSI, IT & telecom, healthcare, energy & utility, retail & e-commerce, manufacturing, government & defense, and others. The BFSI segment held the largest share of the North America privileged access management (PAM) solutions market share in 2023.

Based on country, the North America privileged access management (PAM) solutions market is segmented into the US, Canada, and Mexico. The US segment held the largest share of North America privileged access management (PAM) solutions market in 2023.

BeyondTrust Corporation, Broadcom Inc, CyberArk Software Ltd., Delinea Inc, Fortinet Inc, International Business Machines Corp, Microsoft Corp, Okta Inc, One Identity LLC., and Persistent Systems Ltd are some of the leading companies operating in the North America privileged access management (PAM) solutions market.

Product Code: BMIRE00031397

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. North America Privileged Access Management (PAM) Solutions Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 Software Providers
- 4.2.2 Regulatory Compliance and Certification Bodies
- 4.2.3 Service Providers and System Integrators
- 4.2.4 End Users
- 4.2.5 List of Vendors in Value Chain

5. North America Privileged Access Management (PAM) Solutions Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increase in Number of Cyberattacks
- 5.1.2 Rise in Demand for Protection Against Insider Threats
- 5.1.3 Stringent Government Regulations
5.2 Market Restraints
- 5.2.1 High Cost of Implementation
5.3 Market Opportunities
- 5.3.1 Emergence of Intelligence-Based Privileged Access Management Solutions
5.4 Trends
- 5.4.1 Rise of Cloud-Based Privileged Access Management Solutions
- 5.4.2 Zero Trust Security Model
5.5 Impact of Drivers and Restraints:

6. Privileged Access Management (PAM) Solutions Market - North America Analysis

6.1 North America Privileged Access Management (PAM) Solutions Market Revenue (US$ Million), 2021-2031
6.2 North America Privileged Access Management (PAM) Solutions Market Forecast Analysis

7. North America Privileged Access Management (PAM) Solutions Market Analysis - by Offering

7.1 Solutions
- 7.1.1 Overview
- 7.1.2 Solutions: North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Services
- 7.2.1 Overview
- 7.2.2 Services: North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)

8. North America Privileged Access Management (PAM) Solutions Market Analysis - by Deployment

8.1 On Premise
- 8.1.1 Overview
- 8.1.2 On Premise: North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Cloud
- 8.2.1 Overview
- 8.2.2 Cloud: North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)

9. North America Privileged Access Management (PAM) Solutions Market Analysis - by Enterprise Size

9.1 Large Enterprises
- 9.1.1 Overview
- 9.1.2 Large Enterprises: North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)
9.2 SMEs
- 9.2.1 Overview
- 9.2.2 SMEs: North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)

10. North America Privileged Access Management (PAM) Solutions Market Analysis - by Industry Vertical

10.1 BFSI
- 10.1.1 Overview
- 10.1.2 BFSI: North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)
10.2 IT and Telecom
- 10.2.1 Overview
- 10.2.2 IT and Telecom: North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)
10.3 Healthcare
- 10.3.1 Overview
- 10.3.2 Healthcare: North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)
10.4 Energy and Utility
- 10.4.1 Overview
- 10.4.2 Energy and Utility: North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)
10.5 Retail and Ecommerce
- 10.5.1 Overview
- 10.5.2 Retail and Ecommerce: North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)
10.6 Manufacturing
- 10.6.1 Overview
- 10.6.2 Manufacturing: North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)
10.7 Government and Defense
- 10.7.1 Overview
- 10.7.2 Government and Defense: North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)
10.8 Others
- 10.8.1 Overview
- 10.8.2 Others: North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)

11. North America Privileged Access Management (PAM) Solutions Market - Country Analysis

11.1 North America
- 11.1.1 North America Privileged Access Management (PAM) Solutions Market Overview
- 11.1.2 North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.1 North America Privileged Access Management (PAM) Solutions Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.2 United States: Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.2.1 United States: Privileged Access Management (PAM) Solutions Market Breakdown, by Offering
    - 11.1.2.2.2 United States: Privileged Access Management (PAM) Solutions Market Breakdown, by Deployment
    - 11.1.2.2.3 United States: Privileged Access Management (PAM) Solutions Market Breakdown, by Enterprise Size
    - 11.1.2.2.4 United States: Privileged Access Management (PAM) Solutions Market Breakdown, by Industry Vertical
  - 11.1.2.3 Canada: Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.3.1 Canada: Privileged Access Management (PAM) Solutions Market Breakdown, by Offering
    - 11.1.2.3.2 Canada: Privileged Access Management (PAM) Solutions Market Breakdown, by Deployment
    - 11.1.2.3.3 Canada: Privileged Access Management (PAM) Solutions Market Breakdown, by Enterprise Size
    - 11.1.2.3.4 Canada: Privileged Access Management (PAM) Solutions Market Breakdown, by Industry Vertical
  - 11.1.2.4 Mexico: Privileged Access Management (PAM) Solutions Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.4.1 Mexico: Privileged Access Management (PAM) Solutions Market Breakdown, by Offering
    - 11.1.2.4.2 Mexico: Privileged Access Management (PAM) Solutions Market Breakdown, by Deployment
    - 11.1.2.4.3 Mexico: Privileged Access Management (PAM) Solutions Market Breakdown, by Enterprise Size
    - 11.1.2.4.4 Mexico: Privileged Access Management (PAM) Solutions Market Breakdown, by Industry Vertical

12. Competitive Landscape

12.1 Company Positioning & Concentration
12.2 Heat Map Analysis by Key Players

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Mergers & Acquisitions

14. Company Profiles

14.1 Broadcom Inc
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 CyberArk Software Ltd.
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 International Business Machines Corp
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Okta Inc
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 One Identity LLC.
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Delinea Inc
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 BeyondTrust Corporation
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Microsoft Corp
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Fortinet Inc
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Persistent Systems Ltd
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 Word Index
15.2 About The Insight Partners