Privileged Identity Management Market Report 2022-2027, Size, Share, Growth, Trends and Forecast


The Global Privileged Identity Management (PIM) Market will reach USD 16.4 Billion by 2027, growing at a growth rate (CAGR) of 30.75% during the period 2022-2027.

SHERIDAN, WYOMING, USA, September 13, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Privileged Identity Management Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes insights on Privileged Identity Management (PIM) Market Report.

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

The global Privileged Identity Management (PIM) market size reached US$ 3.2 billion in 2021. Privileged Identity Management (PIM) represents information security and governance tools that help organizations prevent data breaches through privileged accounts. It is used to monitor privileged user sessions, manage shared account credentials, secure remote access on devices, and more. Privileged Identity Management also acts as a secure password management solution that controls administrative operations in a database. It enables organizations to monitor internal and external threats by centrally managing and reviewing the use of privileged access credentials across platforms. Therefore, it has wide applications in several industries, such as banking, financial services and insurance (BFSI), defense, healthcare, information technology (IT), telecommunications, etc.

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Market trends

The booming IT industry and growing instances of cyber attacks and data thefts in organizations are some of the key factors increasing the privileged identity management market. Additionally, the increasing deployment of cloud-based services to improve the operational efficiency of organizations is also enhancing the market growth. Additionally, these services enable organizations to minimize access time and support teams in deploying multi-factor authentication systems, further catalyzing the global market. In addition to this, the development of software-as-a-service (SaaS) based PIM solutions that offer paid, automated updates and instant access to users is also driving the market growth. Additionally, the widespread adoption of artificial intelligence (AI)-based PIM solutions and the emerging trend of bring your own devices (BYOD) in organizations are expected to positively influence the privileged identity management market in the coming years. . Looking ahead, IMARC Group expects the market to reach US$16.4 billion by 2027, growing at a growth rate (CAGR) of 30.75% over the period 2022-2027 .

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List of key companies covered in this market report:

Bomgar Corporation (FP)
BeyondTrust Corporation
CA Technologies (Broadcom Inc.)
Centrify Company (Thoma Bravo)
Core Security Technologies (HelpSystems LLC)
CyberArk Software Ltd. (NASDAQ: CYBR)
IBM Corporation (NYSE:IBM)
Iraj software
NRI SecureTechnologies Ltd (Nomura Research Institute Ltd.)
Oracle Corporation
Osirium Ltd. (LON: OSI)
Quest Software Inc. (Dell Inc.)
Thycotique Software LLC

The report has segmented the market based on component type, installation type, deployment mode, organization size, vertical, and geography.

Breakdown by type of component:

The solution
Identity management
Access management
Session monitoring and management
Service
Professional services
Managed Services

Breakdown by type of installation:

agent-based
Appliance-based

Breakdown by deployment mode:

Cloud-based
On the site

Breakdown by organization size:

Small and medium-sized enterprise
Big business

Vertical distribution:

BFSI
Government and Defense
Health care
Energy and Utilities
Telecom and IT
Detail
Others

Geographical distribution :

North America (USA and Canada)
Europe (Germany, UK, France, Italy, Spain, Russia and others)
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
Latin America (Brazil, Mexico)
Middle East and Africa

Main highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter’s Five Forces Analysis
Market drivers and success factors
SWOT analysis
Value chain
Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.

About Us

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
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