Privileged Access Management Market worth $13.92 billion by 2030, growing at a CAGR of 20.27% - Exclusive Report by 360iResearch

The "Privileged Access Management Market by Component (Services, Solution), Deployment (Cloud, On-premise), Organization Size, End-Use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Privileged Access Management Market to grow from USD 3.82 billion in 2023 to USD 13.92 billion by 2030, at a CAGR of 20.27%.

Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/privileged-access-management?utm_source=openpr&utm_medium=referral&utm_campaign=sample

Privileged Access Management is a comprehensive cybersecurity strategy designed to regulate, control, and monitor privileged users' access to critical information within a business network. The primary application of PAM is to restrict and monitor elevated access and privileged access within an IT environment. This helps prevent security breaches that may result from the misuse and exploitation of high-level access. PAM solutions are utilized across several industries, such as banking, financial services, insurance (BFSI), healthcare, retail, and energy, where data security is a high priority. The growing concern of cybersecurity threats and the need for effective data security solutions drive the demand for sophisticated privileged access management systems. The surge in digital transformation initiatives across various industries is also a significant factor contributing to the market growth. The lack of cybersecurity awareness among small and medium enterprises limits the market scope. Furthermore, technical complexities involved in the implementation and maintenance of PAM solutions often pose a challenge. The integration of machine learning and advanced analytics provides predictive capabilities and risk mitigation strategies. In addition, as more businesses transition to the cloud, the PAM market witnesses an increased demand for cloud-integrated PAM solutions.

In the Americas, the United States and Canada are leading the charge in implementing progressive privileged access management solutions. A notable increase in awareness about cybersecurity issues, shaping customer purchasing behavior across the region. Software companies in the American region have been heavily investing in privileged access management solutions. The proliferation of privileged access management is particularly visible within governmental institutions. EU countries lead in privileged access management solutions adoption; the Middle East exhibits the highest growth rates in the region. Africa, though relatively slow in the adoption of privileged access management solutions, holds vast growth potential due to its emerging markets. Notable initiative includes the EU-funded project, which enhances cloud security with advanced privileged access management solutions implementations. In the APAC, Japan, India, and China governments initiative prioritizes cybersecurity research, offering promising opportunities for advanced privileged access management solutions. APAC is showing robust growth due to increased demand from the burgeoning IT sector. The significant shift in customer purchasing behavior towards advanced cybersecurity solutions positioning the Asia Pacific region as pivotal in the global PAM market.

Market Segmentation & Coverage:

This research report categorizes the Privileged Access Management Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Services and Solution. The Services is further studied across Consulting, Implementation & Integration, Professional Services, and Support & Maintenance. The Solution is further studied across Access Management, Identity Management, and Session Monitoring & Management. The Services is projected to witness significant market share during forecast period.

Based on Deployment, market is studied across Cloud and On-premise. The On-premise is projected to witness significant market share during forecast period.

Based on Organization Size, market is studied across Larger Enterprises and Small and Medium Enterprises (SMEs). The Larger Enterprises is projected to witness significant market share during forecast period.

Based on End-Use, market is studied across BFSI, Energy & Utilities, Healthcare, IT & Telecom, Manufacturing, and Retail & eCommerce. The Energy & Utilities is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.24% in 2023, followed by Europe, Middle East & Africa.

Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/privileged-access-management?utm_source=openpr&utm_medium=referral&utm_campaign=inquire

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Privileged Access Management Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Privileged Access Management Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Privileged Access Management Market, highlighting leading vendors and their innovative profiles. These include Arcon, BeyondTrust Corporation, Blue Star Limited, Bravura Security Inc. by Volaris Group, Broadcom Inc. by Avago Technologies Limited, Cyberark Software Ltd., Delinea Inc., Devolutions, Fortra, LLC, Fudo Security sp. z o.o, International Business Machines Corporation, Iraje Inc., Kron Teknoloji A.Ş., Lenovo Group Limited, Microsoft Corporation, Nomura Research Institute, Ltd. by Nomura Holdings, Inc., One Identity LLC by Quest Software Inc., Open Text Corporation, Osirium Ltd. by SailPoint Technologies, Inc., Sectona Technologies Pvt. Ltd., Senhasegura, Silverlake Mastersam, Simeio Solutions, LLC, WALLIX Group, and Zoho Corporation Pvt. Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Privileged Access Management Market, by Component
7. Privileged Access Management Market, by Deployment
8. Privileged Access Management Market, by Organization Size
9. Privileged Access Management Market, by End-Use
10. Americas Privileged Access Management Market
11. Asia-Pacific Privileged Access Management Market
12. Europe, Middle East & Africa Privileged Access Management Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Privileged Access Management Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Privileged Access Management Market?
3. What is the competitive strategic window for opportunities in the Privileged Access Management Market?
4. What are the technology trends and regulatory frameworks in the Privileged Access Management Market?
5. What is the market share of the leading vendors in the Privileged Access Management Market?
6. What modes and strategic moves are considered suitable for entering the Privileged Access Management Market?

Read More @ https://www.360iresearch.com/library/intelligence/privileged-access-management?utm_source=openpr&utm_medium=referral&utm_campaign=analyst

Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

This release was published on openPR.