Privileged Access Management Solutions Global Market Report 2024

Description

Privileged Access Management Solutions Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on privileged access management solutions market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for privileged access management solutions? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The privileged access management solutions market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Offerings: Solution; Service; Other Offerings
2) By Deployment: Cloud; On-Premise
3) By Enterprise Size: Small And Medium Enterprises; Large Enterprises
4) By Application: Windows; Unix And Linux; Mac OS; Infrastructure Devices And IoT
5) By End-User: Healthcare; BFSI; Government; Energy And Utilities; Manufacturing; Retail; IT And Telecom; Other End-Users
Companies Mentioned: Arcon Techsolutions Private Limited; BeyondTrust Corporation; CA Technologies Inc.; Avatier Corporation; CyberArk Software Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Privileged access management solutions represent a subset of information security solutions focused on safeguarding access rights beyond those of regular users. PAM operates by integrating people, processes, and technological measures to protect critical data within an organization's infrastructure.

The primary offerings of privileged access management solutions encompass solutions and services tailored to address specific organizational challenges using software programs. These solutions find deployment across small, medium, and large enterprises, both in cloud and on-premise setups. They cater to various applications like Windows, Unix, Linux, macOS, infrastructure devices, and IoT. Diverse industries such as healthcare, BFSI, government, energy, manufacturing, retail, IT, telecom, and others utilize these solutions for securing their operations.

The privileged access management solutions market research report is one of a series of new reports from The Business Research Company that provides privileged access management solutions market statistics, including privileged access management solutions industry global market size, regional shares, competitors with privileged access management solutions market shares, detailed privileged access management solutions market segments, market trends and opportunities, and any further data you may need to thrive in the privileged access management solutions industry. This privileged access management solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The privileged access management solutions market size has grown exponentially in recent years. It will grow from $3.36 billion in 2023 to $4.26 billion in 2024 at a compound annual growth rate (CAGR) of 26.9%. The growth observed during the historical period can be attributed to several factors including the need for regulatory compliance, heightened awareness of insider threats, the proliferation of privileged accounts, notable security breaches in high-profile incidents, and the inadequacy of traditional security measures.

The privileged access management solutions market size is expected to see exponential growth in the next few years. It will grow to $11.31 billion in 2028 at a compound annual growth rate (CAGR) of 27.6%. The projected growth in the forecast period is driven by various elements such as the expansion of remote workforces, heightened emphasis on vendor risk management, a stronger focus on data privacy, increased investment in cybersecurity initiatives, and enhanced international cooperation in cybersecurity efforts. Key trends expected in this period encompass increased cloud adoption, integration with identity and access management (IAM), the utilization of advanced analytics and AI, heightened security measures for remote work setups, the implementation of passwordless authentication methods, and a greater emphasis on user education and training.

The surge in concerns surrounding cyber threats is anticipated to drive the privileged access management solutions market. These threats encompass malicious activities aiming to disrupt digital stability, making privileged access management crucial. This solution aids in maintaining necessary access levels while enabling swift identification and remediation of privilege abuse-related threats. For instance, the FBI reported over 2,000 daily internet crime complaints and a total loss of $13.3 billion from 2016 to 2020, emphasizing the urgency for enhanced security solutions, thus propelling the market growth.

The escalating demand for remote work is poised to bolster the privileged access management solutions market. As remote work gains prevalence, these solutions offer heightened security, compliance, and productivity to remote workers. A survey by Upwork highlighted a surge in remote work projections, indicating 40.7 million professionals potentially working remotely in the next five years, up from 22.9% in 2020. This shift underscores the significance of access management solutions in supporting remote work setups, thereby stimulating market growth.

Technological advancements represent a key trend shaping the privileged access management solutions market. Industry leaders are heavily invested in R&D to innovate such solutions. CyberArk Software Ltd., for instance, introduced the CyberArk Cloud Entitlements Manager, leveraging AI to bolster cloud environment security. This tool uses AI to detect hidden permissions and assess risks, offering granular remediation options. Such innovations align with the market's evolving needs, driving growth through enhanced security provisions.

Major players in the privileged access management solutions market prioritize the development and launch of novel technologies. AlertEnterprise, Inc., unveiled the Guardian AI Chatbot in February 2023, powered by OpenAI ChatGPT, designed to provide instant security insights. This AI-driven chatbot delivers quick access and security insights related to physical access and safety reporting, enhancing operational efficiency.

In April 2022, Imprivata Inc. made a strategic move by acquiring SecureLink, aiming to bolster secure access to on-premises and cloud-based systems. This acquisition enriches Imprivata's capabilities to provide secure access across various devices and workstations.

Major companies operating in the privileged access management solutions market report are Arcon Techsolutions Private Limited, BeyondTrust Corporation, CA Technologies Inc., Avatier Corporation, CyberArk Software Ltd., Hitachi Ltd., Lieberman Software Corporation, Zoho Corporation Pvt. Ltd., Onion ID Inc., Osirium Technologies PLC, Peritus Inc., Remediant Inc., Silverfort Ltd., SolarWinds Corporation, SSH Communications Security corporation, Systancia SA, International Business Machines Corp., Micro Focus International PLC, Okta ASA, HashiCorp Inc., Broadcom Inc., StrongDM, Bitium Corporation, Keeper Security Inc., McAfee Corp., Netwrix Corporation, Quest Software Inc., Akamai Technologies Inc., ManageEngine Password Manager Pro

North America was the largest region in the privileged access management solutions market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the privileged access management solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the privileged access management solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The privileged access management solutions market includes revenues earned by professional services, managed services, and other types. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12978

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

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Privileged Access Management Solutions Market Size and Growth

5.1. Global Privileged Access Management Solutions Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Privileged Access Management Solutions Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Privileged Access Management Solutions Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Privileged Access Management Solutions Market Segmentation

6.1. Global Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Solution
Service
Other Offerings
6.2. Global Privileged Access Management Solutions Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cloud
On-Premise
6.3. Global Privileged Access Management Solutions Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Small And Medium Enterprises
Large Enterprises
6.4. Global Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Windows
Unix And Linux
Mac OS
Infrastructure Devices And IoT
6.5. Global Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Healthcare
BFSI
Government
Energy And Utilities
Manufacturing
Retail
IT And Telecom
Other End-Users

7. Privileged Access Management Solutions Market Regional And Country Analysis

7.1. Global Privileged Access Management Solutions Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Privileged Access Management Solutions Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Privileged Access Management Solutions Market

8.1. Asia-Pacific Privileged Access Management Solutions Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Privileged Access Management Solutions Market

9.1. China Privileged Access Management Solutions Market Overview
9.2. China Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Privileged Access Management Solutions Market

10.1. India Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Privileged Access Management Solutions Market

11.1. Japan Privileged Access Management Solutions Market Overview
11.2. Japan Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Privileged Access Management Solutions Market

12.1. Australia Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Privileged Access Management Solutions Market

13.1. Indonesia Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Privileged Access Management Solutions Market

14.1. South Korea Privileged Access Management Solutions Market Overview
14.2. South Korea Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Privileged Access Management Solutions Market

15.1. Western Europe Privileged Access Management Solutions Market Overview
15.2. Western Europe Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Privileged Access Management Solutions Market

16.1. UK Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Privileged Access Management Solutions Market

17.1. Germany Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Privileged Access Management Solutions Market

18.1. France Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Privileged Access Management Solutions Market

19.1. Italy Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Privileged Access Management Solutions Market

20.1. Spain Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Privileged Access Management Solutions Market

21.1. Eastern Europe Privileged Access Management Solutions Market Overview
21.2. Eastern Europe Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Privileged Access Management Solutions Market

22.1. Russia Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Privileged Access Management Solutions Market

23.1. North America Privileged Access Management Solutions Market Overview
23.2. North America Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Privileged Access Management Solutions Market

24.1. USA Privileged Access Management Solutions Market Overview
24.2. USA Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Privileged Access Management Solutions Market

25.1. Canada Privileged Access Management Solutions Market Overview
25.2. Canada Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Privileged Access Management Solutions Market

26.1. South America Privileged Access Management Solutions Market Overview
26.2. South America Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Privileged Access Management Solutions Market

27.1. Brazil Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Privileged Access Management Solutions Market

28.1. Middle East Privileged Access Management Solutions Market Overview
28.2. Middle East Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Privileged Access Management Solutions Market

29.1. Africa Privileged Access Management Solutions Market Overview
29.2. Africa Privileged Access Management Solutions Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Privileged Access Management Solutions Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Privileged Access Management Solutions Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Privileged Access Management Solutions Market Competitive Landscape And Company Profiles

30.1. Privileged Access Management Solutions Market Competitive Landscape
30.2. Privileged Access Management Solutions Market Company Profiles
- 30.2.1. Arcon Techsolutions Private Limited
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. BeyondTrust Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. CA Technologies Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Avatier Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. CyberArk Software Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Privileged Access Management Solutions Market Competitive Benchmarking

32. Global Privileged Access Management Solutions Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Privileged Access Management Solutions Market

34. Privileged Access Management Solutions Market Future Outlook and Potential Analysis

34.1 Privileged Access Management Solutions Market In 2028 - Countries Offering Most New Opportunities
34.2 Privileged Access Management Solutions Market In 2028 - Segments Offering Most New Opportunities
34.3 Privileged Access Management Solutions Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer