The privileged identity management market was valued at US$1,559.091 million in 2018 and is expected to grow at a CAGR of 23.44% over the forecast period to reach a total market size of US$5,515.780 million by 2024. The growth of this market is majorly attributed to the rapidly growing digitization of business processes and increasing risks to data security across enterprises. These factors have been pushing IT decision-makers across all major geographies to ramp up their investments into advanced technologies to enhance the security of the overall IT environment. Privileged Identity Management (PIM) facilitates continuous monitoring and protection of superuser accounts in order to ensure that greater access abilities of such accounts are not misused and data security is not compromised. Stringent regulations in many regions regarding data security are further pushing the enterprises towards adopting PIM solutions, thus boosting the growth of the market.
The Privileged Identity Management Market – Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, polarization, voltage, and geography.
The privileged identity management market has been segmented based on account type, component, deployment model, enterprise size, end-user industry, and geography. By account type, the market is segmented as attended, unattended). By component, the market is segmented as solution and services. The research study is also evaluated as deployment model such as on-premise and cloud. Furthermore, analysis is also provided by enterprise size such as small, medium, and large. By end-user, the market is segmented as BFSI, retail, government, communication, and technology, others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa (MEA), and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the privileged identity management market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the privileged identity management market.
The privileged identity management market has been analyzed through following segments: