Global Privileged Identity Management market is expected to reach USD 17,068.5 million by the end of 2026

Global Privileged Identity Management Market Report 2021 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2027 (Based on 2020 COVID-19 Worldwide Spread)

Infinity analysts forecast the global Privileged Identity Management market to grow at a CAGR of 29.1% during the forecast period, according to their latest market research report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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Top key players @ Core Security, NRI SecureTechnologies, NetIQ, CA Technologies, CyberArk, Balabit Corp, Thycotic, IBM, Dell, Centrify Corporation, ARCON, Bomgar Corporation, BeyondTrust, and Iraje

Privileged Identity Management solutions are exclusively built to monitor closely, control, and permit the access of specific individuals to sensitive corporate information available in privileged accounts. The Privileged Identity Management (PIM) software offers insight into the access pattern of users, as well as determine limited access for individual employees within a stipulated period.

The rising need to improve organizational efficiency for compliance with federal safety regulations and the increasing threat of cybersecurity attacks using internal corporate authorization are the influential primary factors that would bolster the growth prospects of the market during the forecast period. The demand for oversight over the handling of secure enterprise resources has also led to a high incorporation rate for Privileged Identity Management solutions, as more and more companies look to create reliable security networks against potential malicious activities. The software solutions further help an organization to track and monitor employee activities during the entire duration of the privileged access, enabling quick remedial actions in case of any attempts of a data breach. Such software features that ensure complete control over the authorization procedures of individual entities within a defined structure would bolster product demand and propel the prospects of market growth during the forecast period. The rise in the digitization of banking and telecom services on mobile devices would offer key vendors with new opportunities for solution application and business expansion over the forecast period.

The ongoing implications of the Covid-19 pandemic have effectively closed down almost all office complexes and financial institutions. The employees have translated mainly to a remote working model of operations. The significant hurdles to the resumption of full-time operations with entire staff and limitations of financial spending on procurement of advanced PIM solutions would act as potential barriers to the prospects of market growth in the Covid-19 landscape. The remote working models have, however, initiated a surge in employees accessing the information on personal devices that are not very highly secured and is easily susceptible to cybersecurity threats. In such a scenario, the role of PIM solutions has been substantially increased, as it performs the critical functions of blanket insulation for corporate networks against external threats and attempts of security breaches.

TABLE OF CONTENT:
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 United States
6 Europe
7 China
8 Japan
9 Southeast Asia
10 India
11 Central & South America
12 International Players Profiles
13 Market Forecasts 2019-2025
14 Analyst’s Viewpoints/Conclusions
15 Appendix

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