Global Privileged Access Management Solutions Market Overview:
Privileged access management or PAM solutions are the security measure solutions that allow the business organization to control and monitor the privileged users. It monitors and analyses the access to key business systems and what is their activities when they are logged in. The solutions are used by the privileged accounts like local admin accounts, privileged user accounts, domain admin accounts, and emergency accounts which provides an administrative level of access to high tier systems. It helps administrators to monitor access to critical business resources and ensures that the high-tier system remains secure.
- Growing Number of Privileged Credentials are a Prime Target for External Hackers
- Demand for Controlled Access to Prevent it from Attacks and Offering Faster Deployment
- Risk Associated with Unmanaged Privileged Identities which can be Exploited by both Insiders and External Attackers
- Surging Demand for Various Types of Privileged Access Management Solutions in the Large Size Enterprises in Developing Regions
- Regulatory Compliances Involved in Privileged Access Management Solutions
Some of the key players profiled in the report are ARCON (India), BeyondTrust (United States), Thycotic (United States), CyberArk (United States), Zoho Corporation (ManageEngine) (United States), Wallix (France), Hitachi ID Systems (Canada), Devolutions (Canada), CA Technologies (United States) and Imprivata (United States). Considering Market by Privileged Account, the sub-segment i.e. Local Admin Accounts will boost the Privileged Access Management Solutions market. Considering Market by Platform, the sub-segment i.e. Windows will boost the Privileged Access Management Solutions market.
Latest Market Insights:
On 13th April 2021, Thycotic and Centrify announced that the companies have completed their previously-announced merger to form a leading cloud identity security vendor. The combined company has now begun integrations and will operate under the temporary name ThycoticCentrify.
On 20th July 2021, Imprivata, the digital identity company for healthcare, announced the acquisition of Xton Technologies, an innovative provider of privileged access management (PAM) solutions. Incorporating Xtonís easy-to-deploy PAM solutions into Imprivataís existing Identity and Access Management platform extends the companyís digital identity protection deeper into the IT organization by adding access governance for its most privileged users.
What Can be Explored with the Privileged Access Management Solutions Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Privileged Access Management Solutions Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Privileged Access Management Solutions
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Privileged Access Management Solutions market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Privileged Access Management Solutions market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Privileged Access Management Solutions Developers, Privileged Access Management Solutions Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Privileged Access Management Solutions Market?
The Privileged Access Management Solutions market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Privileged Access Management Solutions Market?
Top performing companies in the Global Privileged Access Management Solutions market are ARCON (India), BeyondTrust (United States), Thycotic (United States), CyberArk (United States), Zoho Corporation (ManageEngine) (United States), Wallix (France), Hitachi ID Systems (Canada), Devolutions (Canada), CA Technologies (United States) and Imprivata (United States), to name a few.
3. What trending factors would impact Privileged Access Management Solutions Market growth most?
"Integration with Identity and Access Management Systems for Privileged Access Management Solutions" is seen as one of major influencing trends for Privileged Access Management Solutions Market during projected period 2020-2026.