Privileged Access Management Solutions Market Rapid Growth, Trends, Challenges, Strategies And Top Leading Players - ARCON, BeyondTrust, One Identity LLC, CA Technologies, Centrify Corporation

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Privileged Access Management Solutions Global Market Report 2023 identifies the increasing concern over cyber threats as the major driver for the privileged access management solutions market's growth in the forecast period. Cyberthreats refer to malicious acts that aim to destroy data, steal data, and work systems to disrupt the digital wellbeing and stability of IT infrastructure in an enterprise. Privileged access management solutions help organizations maintain the necessary levels of access to do their jobs and enable security teams to identify malicious activities linked to privilege abuse and take swift action to remediate risk, which reduces the cyber threat in an organization. For instance, in 2020, according to the Federal Bureau of Investigation (FBI), a US-based federal agency for investigating cyber-attacks and intrusions, more than 2,000 internet crime complaints per day were received.

The global privileged access management solutions market size is expected to grow from $2.65 billion in 2022 to $3.36 billion in 2023 at a compound annual growth rate (CAGR) of 27.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The privileged access management solutions market size is expected to grow to $8.83 billion in 2027 at a CAGR of 27.3%.

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Major competitors in the privileged access management solutions market are ARCON, BeyondTrust, One Identity LLC, CA Technologies, Centrify Corporation, CyberArk Software Ltd., Hitachi ID Systems Inc., Iraje PAM solution, Zoho Corporation, Thycotic Software Ltd., WALLIX GROUP SA, OneLogin, International Business Machines Corporation.

A key trend in the privileged access management solutions market includes technological advancement.
Major companies operating in the market are focused on research and development for product innovations in privileged access management solutions. For instance, in November 2020, CyberArk Software Ltd., a US-based company operating in privileged access management solutions, introduced a CyberArk Cloud Entitlements Manager that works on artificial intelligence to strengthen the security of the cloud environments of an organization.

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The privileged access management solutions market is segmented -

• By Offerings: Solution, Service, Other Offerings

• By Enterprise Size: Small And Medium Enterprises, Large Enterprises

• By Deployment: Cloud, On-Premise

• By Application: Windows, Unix And Linux, Mac OS, Infrastructure Devices And IoT

• By End-User: Healthcare, BFSI, Government, Energy And Utilities, Manufacturing, Retail, IT And Telecom, Other End-Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the privileged access management solutions market.

The Business Research Company's "Global Privileged Access Management Solutions Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Privileged Access Management Solutions Market Include:
1. Executive Summary
2. Privileged Access Management Solutions Market Characteristics
3. Privileged Access Management Solutions Market Trends And Strategies
4. Privileged Access Management Solutions Market - Macro Economic Scenario
5. Privileged Access Management Solutions Market Size And Growth
……………
27. Privileged Access Management Solutions Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Privileged Access Management Solutions Market
29. Privileged Access Management Solutions Market Future Outlook And Potential Analysis
30. Appendix

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