Press release
Global Privileged Identity Management Market is projected to grow at Highest CAGR of 33.3% with Top Key Players like IBM Corporation, Iraje, Lieberman Software Corporation, Zoho Corp and Micro Focus by Latest Trend, Share, Size, Application, Growth and Fo
The Global Privileged Identity Management Market accounted for USD 1.02 billion in 2016 growing at a CAGR of 33.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.Privileged identity management is the process of managing and helping an organization to track the use of shared privileged identities. Oversight is required in order to safeguard the super control accounts, so that they are not misused. It is essential to cater many issues running in an IT organization, for instance lack of consistency in password change policy, brand reputation damage, lower technical staff efficiency, lack of administrative accountability and others.
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Market Segmentation:
On The Basis Of Installation Type: – appliance-based, and agent-based
On The Basis Of Deployment Mode: – on-premises, and cloud
On The Basis Of Geography, the global privileged identity management market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
On The Basis Of Component: – solutions and services. The solutions segment is further sub segmented into identity management, access management, session monitoring and management. The services segment is further sub segmented into professional services, and managed services. The professional segment is further sub segmented into implementation and integration, consulting, education and training, support and maintenance.
On The Basis Of Enterprise: – large enterprise, small enterprise and medium enterprise (SMEs).
On The Basis Of Vertical: – banking, financial services, and insurance (BFSI), government and defense, healthcare, manufacturing, energy and utilities, telecom and IT, retail, and others.
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Major Market Competitors:
Some of the major players of the global privileged identity management market are ARCON, Balabit Corp, BeyondTrust, inc., Bomgar Corporation, CA, Centrify Corporation, Core Security SDI Corporation, CyberArk Software Ltd., Hitachi ID Systems, Inc., IBM Corporation, Iraje, Lieberman Software Corporation, Zoho Corp, Micro Focus, NRI SecureTechnologies,Ltd, ObserveIT, Onion ID, Inc., Oracle, Osirium Ltd, Quest Software Inc., Silverlake Mastersam Ltd., Simeio Solutions, Thycotic, WALLIX, Wheel Systems, and others.
Major Market Drivers & Restraints:
Need to optimize organization efficiency
Increasing threat of data breach due to insider attacks
Government regulatory compliances
Adoption of best practices for identity management
High cost of innovation and implementation
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