PUBLISHER: Value Market Research | PRODUCT CODE: 1392223
PUBLISHER: Value Market Research | PRODUCT CODE: 1392223
The global demand for Privileged Access Management Market is presumed to reach the market size of nearly USD 58.45 BN by 2030 from USD 5.71 BN in 2022 with a CAGR of 33.74% under the study period 2023 - 2030.
Privileged access management (PAM) is a cybersecurity practice that focuses on securing and managing privileged accounts within an organization. Privileged accounts include those with elevated access rights, such as system administrators, IT personnel, and other users with elevated privileges to critical systems, databases, or sensitive data.
The privileged access management market is growing due to several key factors shaping the cybersecurity landscape. Increasing cyber threats, including insider risks and data breaches, propel the demand for robust security measures. PAM solutions play a crucial role by securing and controlling access to privileged accounts, which are prime targets for attackers. Stringent data protection regulations mandate strong controls over privileged access, making PAM solutions essential for compliance adherence. Organizations are increasingly aware of insider threats, driving the need for monitoring and controlling privileged user activities, a capability offered by PAM solutions. The adoption of zero-trust security principles aligns with privileged access management, focusing on restricting access and continuous verification. With the complexity of IT environments, especially in cloud-based and hybrid setups, PAM provides centralized control and security over diverse systems. Instances of high-profile breaches underscore the necessity of robust privileged access management solutions in preventing unauthorized access to critical assets.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of privileged access management. The growth and trends of privileged access management industry provide a holistic approach to this study.
This section of the privileged access management market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Privileged Access Management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Privileged Access Management market include ARCON (India), Balabit (Hungary), Beyond Trust (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.), Iraje (U.S.), Lieberman Software (U.S.), MANAGEENGINE (U.S.), MICROFOCUS(U.K.), NRI Secure Technologies (U.S.), ObserveIT (U.S.), Onion ID (U.S.), Oracle Corporation (U.S.). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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