Privileged Identity Management Market Size, Share, Opportunities, and Trends by Account Type (Attended, Unattended), by Component (Solution, Services), by Deployment Model (On-Premise, Cloud), by Enterprise Size (Small, Medium, Large), by End-User Segment (BFSI, Retail, Government, Communication & Technology, Others), and by Geography – Forecasts from 2025 to 2030

Privileged Identity Management Market Size:

The Privileged Identity Management Market will reach US$16,079.314 million in 2030 from US$6,808.679 million in 2025 at a CAGR of 18.75% during the forecast period.

Privileged Identity Management Market Highlights:

• PIM market grows with rising cyber threats and regulatory compliance needs.
• North America leads, with BFSI and cloud deployment dominating due to cybersecurity investments.
• Asia Pacific sees rapid growth, driven by digitalization in the communication & technology sectors.
• High costs and skill shortages challenge PIM adoption in smaller enterprises.

The Privileged Identity Management (PIM) market is a pivotal segment within the global cybersecurity landscape, dedicated to securing, managing, and monitoring privileged accounts that possess elevated access to an organization’s critical systems and sensitive data. These accounts, often used by IT administrators, system operators, or automated processes, are prime targets for cybercriminals due to their extensive permissions, making robust PIM solutions essential for mitigating risks. PIM technologies encompass identity governance, access control, multi-factor authentication (MFA), and session monitoring, while services include implementation, consulting, and ongoing support.

The market is segmented by account type (attended, unattended), component (solution, services), deployment model (on-premise, cloud), enterprise size (small, medium, large), end-user (Banking, Financial Services, and Insurance (BFSI), retail, government, communication & technology, others), and geography (North America, South America, Europe, Middle East and Africa, Asia Pacific). Fueled by escalating cyber threats, stringent regulatory requirements, and the rapid shift to cloud-based infrastructures, the PIM market is experiencing significant growth.

Privileged Identity Management Market Overview:

Privileged Identity Management focuses on safeguarding accounts with elevated permissions, which are critical to organizational operations but vulnerable to exploitation. Attended accounts are managed by human users, such as IT administrators, while unattended accounts support automated processes like scripts or IoT devices. PIM solutions provide tools for credential management, access restriction, and real-time monitoring, while services ensure seamless deployment and maintenance. On-premise deployments offer greater control, whereas cloud-based solutions provide scalability and flexibility, catering to diverse enterprise needs. The market serves small, medium, and large enterprises across industries like BFSI, retail, government, and communication & technology, addressing unique security challenges in each sector.

In 2024, the global PIM market was valued at approximately $7 billion, with projections estimating growth to $15 billion by 2030 at a compound annual growth rate (CAGR) of 13.5%. This growth is driven by the increasing sophistication of cyberattacks, the need for regulatory compliance, and the proliferation of cloud and IoT technologies. Leading companies, such as CyberArk Software Ltd., BeyondTrust Corporation, and Microsoft, are advancing the market with AI-driven analytics and cloud-native PIM solutions. The market’s expansion reflects the critical need to protect against insider threats, external breaches, and compliance violations, positioning PIM as an essential component of modern cybersecurity frameworks.

Privileged Identity Management Market Growth Drivers:

Several factors are driving the PIM market’s growth:

1. Escalating Cyber Threats: The rise in cyberattacks targeting privileged accounts fuels demand for PIM solutions. In 2023, the Cybersecurity and Infrastructure Security Agency (CISA) reported a 40% increase in breaches involving privileged credentials, underscoring the need for robust access controls.
2. Regulatory Compliance Mandates: Strict regulations, such as the EU’s General Data Protection Regulation (GDPR) and the U.S. Sarbanes-Oxley Act (SOX), require organizations to secure privileged accounts, driving adoption of PIM solutions to meet compliance standards.
3. Cloud and Digital Transformation: The shift to cloud-based infrastructures and digital transformation initiatives, including IoT and remote work, increases the need for PIM to secure distributed environments. In 2024, 60% of enterprises planned to expand cloud workloads, boosting demand for cloud-based PIM.
4. Growing Enterprise Complexity: The increasing complexity of IT environments, with diverse applications and devices, necessitates scalable PIM solutions to manage privileged accounts and mitigate risks.

Privileged Identity Management Market Restraints:

The PIM market faces several challenges:

1. High Implementation Costs: Deploying PIM solutions, especially on-premise systems, involves significant costs for software, hardware, and integration, which can be prohibitive for small and medium enterprises (SMEs).
2. Shortage of Cybersecurity Expertise: The complexity of PIM systems requires skilled professionals, and a global shortage of cybersecurity talent hinders effective implementation and management.
3. Integration with Legacy Systems: Integrating PIM solutions with outdated IT infrastructure can be challenging, slowing adoption in organizations with legacy systems.

Privileged Identity Management Market Geographical Analysis:

• North America

North America holds the largest share of the PIM market, accounting for approximately 40% of global revenue in 2024, driven by its advanced cybersecurity infrastructure, widespread cloud adoption, and stringent regulatory environment. The U.S. leads due to its concentration of large enterprises, technology firms, and government agencies, with significant investments in cybersecurity. In 2023, the U.S. government allocated $2.6 billion to enhance federal cybersecurity, including PIM solutions for securing government networks. The BFSI segment dominates in North America, as financial institutions face heightened risks from cyberattacks and must comply with regulations like SOX and the Payment Card Industry Data Security Standard (PCI DSS).

The cloud deployment model is also prominent, with 65% of U.S. enterprises adopting cloud-based security solutions in 2024, driven by platforms like Amazon Web Services (AWS) and Microsoft Azure. Canada and Mexico contribute through growing digital transformation efforts, particularly in the communication & technology sector, where cloud-based PIM solutions are increasingly adopted.

• Asia Pacific

Asia Pacific is the fastest-growing region for PIM, with a projected CAGR of 15.8% from 2024 to 2030, fueled by rapid digitalization, increasing cyber threats, and supportive government policies. China and India are key contributors, with China’s cybersecurity market valued at $12 billion in 2024, driven by its expansive IT sector and mandates under the Cybersecurity Law. India’s Digital India initiative, backed by a $1.5 billion investment in 2023 for cybersecurity enhancements, promotes PIM adoption across industries. The communication & technology segment dominates, as tech companies and startups in Japan, South Korea, and India prioritize securing privileged accounts in cloud and IoT environments. The cloud deployment model also leads, with 60% of Asia Pacific enterprises adopting cloud-based PIM solutions in 2024, driven by scalability and cost efficiency. Emerging economies like Thailand and Indonesia further bolster growth through SME-driven digital transformation and increasing cybersecurity awareness.

Privileged Identity Management Market Segment Analysis:

• Cloud Deployment Model

The cloud deployment model accounted for approximately 55% of the PIM market in 2024, driven by its scalability, flexibility, and ability to support distributed IT environments. Cloud-based PIM solutions enable organizations to manage privileged accounts across multi-cloud and hybrid environments, catering to the needs of remote workforces and IoT ecosystems. In February 2023, Procyon launched a cloud-based Privileged Access Management (PAM) solution tailored for multi-cloud environments, simplifying identity management for enterprises.

The segment’s growth is fueled by the rapid rise in cloud adoption, with 60% of enterprises planning to increase cloud workloads in 2024, according to IT management trends. Cloud-based PIM solutions also facilitate compliance with regulations like GDPR by providing automated updates and real-time monitoring, making them ideal for BFSI and communication & technology sectors. The segment’s dominance is expected to persist as organizations prioritize agile and cost-effective security solutions.

• BFSI End-User Segment

The BFSI segment is the largest end-user category, representing 25% of the PIM market in 2024, driven by the sector’s need to protect sensitive financial data and comply with stringent regulations. Financial institutions are prime targets for cyberattacks, with a 40% increase in identity fraud incidents reported by the Federal Trade Commission (FTC) in 2023, a trend continuing into 2024. PIM solutions in BFSI enable secure access management, MFA, and session monitoring to prevent unauthorized access to critical systems like payment gateways and customer databases. In March 2024, Delinea enhanced its PIM offerings for financial institutions by integrating identity governance and access controls, following its acquisition of Fastpath. The segment’s growth is supported by the rise of digital banking and mobile payments, with global online payment transactions reaching $6.7 trillion in 2023, necessitating robust PIM solutions to secure privileged credentials.

Privileged Identity Management Market Key Developments:

• Procyon’s Cloud-Based PAM Solution: In February 2023, Procyon launched a cloud-based PAM solution for multi-cloud environments, enhancing identity and access management for enterprises.
• Delinea’s Acquisition of Fastpath: In March 2024, Delinea acquired Fastpath, strengthening its PIM capabilities for BFSI and government sectors with advanced identity governance.
• U.S. Cybersecurity Investment: In 2023, the U.S. government allocated $2.6 billion to federal cybersecurity, including PIM solutions for government networks.
• India’s Digital India Initiative: In 2023, India invested $1.5 billion in cybersecurity under the Digital India program, boosting PIM adoption in communication & technology sectors.
• CyberArk’s Privilege Cloud Enhancement: In January 2024, CyberArk updated its Privilege Cloud platform with AI-driven analytics for real-time threat detection, targeting large enterprises.

List of Top Privileged Identity Management Companies:

• BeyondTrust Corporation
• CyberArk Software Ltd.
• Thycotic
• One Identity LLC
• Delinea Inc.

Privileged Identity Management Market Segmentations:

Privileged Identity Management Market Segmentation by account type:

The market is analyzed by account type into the following:

• Attended
• Unattended

Privileged Identity Management Market Segmentation by component:

The report analyzed the market by component as below:

• Solution
• Services

Privileged Identity Management Market Segmentation by deployment model:

The market is analyzed by deployment model into the following:

• On-Premise
• Cloud

Privileged Identity Management Market Segmentation by enterprise size:

The market is analyzed by enterprise size into the following:

• Small
• Medium
• Large

Privileged Identity Management Market Segmentation by end-user segment:

The report analyzed the market by end-user segment as below:

• BFSI 
• Retail 
• Government
• Communication & Technology
• Healthcare and Pharmaceutical
• Others

Privileged Identity Management Market Segmentation by regions:

The study also analysed the privileged identity management market into the following regions, with country level forecasts and analysis as below:

• North America (US, Canada, and Mexico)
• South America (Brazil, Argentina, and Others)
• Europe (Germany, UK, France, Spain, and Others
• Middle East and Africa (Saudi Arabia, UAE, and Others)
• Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others)

Privileged Identity Management Market Scope:

Report Metric	Details
Privileged Identity Management Market Size in 2025	US$6,808.679 million
Privileged Identity Management Market Size in 2030	US$16,079.314
Growth Rate	CAGR of 18.75%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Million
Segmentation	Account Type Component Deployment Model Enterprise Size End-User Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Privileged Identity Management Market	Thycotic One Identity LLC Delinea Inc. Wallix Centrify Corporation
Customization Scope	Free report customization with purchase

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1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. PRIVILEGED IDENTITY MANAGEMENT MARKET BY ACCOUNT TYPE

5.1. Introduction

5.2. Attended

5.3. Unattended

6. PRIVILEGED IDENTITY MANAGEMENT MARKET BY COMPONENT

6.1. Introduction

6.2. Solution

6.3. Services

7. PRIVILEGED IDENTITY MANAGEMENT MARKET BY DEPLOYMENT MODEL

7.1. Introduction

7.2. On-premise

7.3. Cloud

8. PRIVILEGED IDENTITY MANAGEMENT MARKET BY ENTERPRISE SIZE

8.1. Introduction

8.2. Small

8.3. Medium

8.4. Large

9. PRIVILEGED IDENTITY MANAGEMENT MARKET BY END-USER 

9.1. Introduction

9.2. BFSI

9.3. Retail

9.4. Government and Defence

9.5. Communication and Technology

9.6. Healthcare and Pharmaceutical

9.7. Others

10. PRIVILEGED IDENTITY MANAGEMENT MARKET BY GEOGRAPHY

10.1. Introduction

10.2. North America

10.2.1. USA

10.2.2. Canada

10.2.3. Mexico

10.3. South America

10.3.1. Brazil

10.3.2. Argentina

10.3.3. Others

10.4. Europe

10.4.1. United Kingdom

10.4.2. Germany

10.4.3. France

10.4.4. Italy

10.4.5. Spain

10.4.6. Others

10.5. Middle East and Africa

10.5.1. Saudi Arabia

10.5.2. UAE

10.5.3. Others

10.6. Asia Pacific

10.6.1. China

10.6.2. Japan

10.6.3. India

10.6.4. South Korea

10.6.5. Taiwan

10.6.6. Thailand

10.6.7. Indosneisa

10.6.8. Others

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Market Share Analysis

11.3. Mergers, Acquisitions, Agreements, and Collaborations

11.4. Competitive Dashboard

12. COMPANY PROFILES

12.1. BeyondTrust Corporation

12.2. CyberArk Software Ltd.

12.3. Thycotic

12.4. One Identity LLC

12.5. Delinea Inc.

12.6. Wallix

12.7. Centrify Corporation

12.8. ManageEngine (Division of Zoho Corporation)

12.9. Senhasegura

12.10. Ekran System

13. APPENDIX

13.1. Currency 

13.2. Assumptions

13.3. Base and Forecast Years Timeline

13.4. Key Benefits for the Stakeholders

13.5. Research Methodology 

13.6. Abbreviations

BeyondTrust Corporation

CyberArk Software Ltd.

Thycotic

One Identity LLC

Delinea Inc.

Wallix

Centrify Corporation

ManageEngine (Division of Zoho Corporation)

Senhasegura

Ekran System