Privileged Identity Management (PIM) Market 2018 Global Share, Trend, Segmentation and Forecast to 2023

Market Highlights:

According to Market Research Future (MRFR) report, the privileged identity management market is estimated to reach approximately USD 6,200 million by 2023. The global will observe phenomenal growth at 32% CAGR during the forecast period (2017-2023). It has been noted that enterprises face serious threats when privileged account users share their privileged identity with another person, which in turn, leads to easy access to critical applications. This situation gives rise to need for advanced user activity monitoring solutions in enterprises, such as privileged identity management system.

The major driver responsible for the growth of privileged identity management is severe increase in technical requirements across industries such as payment card industry data security standards and health insurance portability and accountability act. Due to the heavy requirements from organizations, PIM vendors are innovating with new additional features to withstand against tough competition from the market.

Privileged identity management controls the most fundamentals of IT such as deployment and configuration. Without restrictions, this capability can result in real damage and not just to business critical IT systems.

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Major Key Players:

  • Balabit (Hungary),
  • BeyondTrust (U.S.),
  • Bomgar Corporation (U.S.),
  • CA, Inc. (U.S.),
  • Centrify (U.S.),
  • Core Security (U.S.),
  • Cyberark (U.S.),
  • Hitachi-ID (Canada),
  • IBM Corporation (U.S.),
  • ARCON (India), among others.

According to MRFR, The Privileged Identity Management Market is expected to grow at approximately USD 6,200 Million by 2023, at 32% of CAGR between 2017 and 2023.

Industry News

January, 2018 – One Identity, a key player in IAM solutions for access management, acquired Balabit Corp., which is a leading provider of privileged account analytics and log management solutions. The acquisition helps One Identity to add more advances in their existing PIM solutions.

January, 2018 – KPMG a professional service company, acquired Cyberinc which provides technology and enterprise solutions. Cyberinc will boost KPMGs existing capabilities in consulting services and information security and help in expanding the firm’s ability to provide users with responsive PIM solutions.

January, 2018 – Microsoft Corporation, a market leader in information technology released new features for its existing Privileged Identity Management service. Microsoft is offering PIM services through Azure Active Directory. The recent updates will enhance users by just in time capability that allows access for set period of time and to stop privilege type of attacks.

Regional Analysis:

The regional analysis of privileged identity management market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America region is expected to account for largest share in privileged identity management market due to increased adoption of bring your own device (BYOD) technology and malicious software that can easily hack sensitive information. There is an increased adoption of solution such as session monitoring and management and identity management. Asia-Pacific region is forecasted to account for highest CAGR in PIM market owing to increasing IT infrastructure and growing cyber-attacks.

Segments:

Privileged identity management market for segment on the basis of component, installation type, deployment, organization size and vertical.

Privileged Identity Management Market by Component:

Solution

  • Identity management
  • Access management
  • Session monitoring and management

Service

  • Professional Services
  • Implementation and Integration
  • Consulting
  • Education and Training
  • Support and maintenance
  • Managed Services

Privileged Identity Management Market by Installation Type:

  • Agent-based
  • Appliance based

Privileged Identity Management Market by Deployment Type:

  • Cloud
  • On-Premise

Privileged Identity Management Market by Organization Size:

  • Small & Medium Enterprises
  • Large enterprises

Privileged Identity Management Market by Vertical:

  • Government & Defense
  • Healthcare
  • Manufacturing
  • Energy & Utilities
  • IT & Telecommunication
  • Retail
  • Others

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  Intended Audience

  • Investors and consultants
  • System Integrators
  • Government Organizations
  • Research/Consultancy firms
  • Technology solution providers
  • IT Solution Providers
  • Original Equipment Manufacturers

LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 PRIVILEGED IDENTITY MANAGEMENT MARKET: BY COMPONENT (%)

FIGURE 3 PRIVILEGED IDENTITY MANAGEMENT MARKET: BY INSTALLATION TYPE (%)

FIGURE 4 PRIVILEGED IDENTITY MANAGEMENT MARKET: BY DEPLOYMENT (%)

FIGURE 5 PRIVILEGED IDENTITY MANAGEMENT MARKET: BY ORGANIZATION SIZE (%)

FIGURE 6 PRIVILEGED IDENTITY MANAGEMENT MARKET: BY VERTICAL (%)

FIGURE 7 PRIVILEGED IDENTITY MANAGEMENT MARKET: BY REGION (%)

FIGURE 8 NORTH AMERICA PRIVILEGED IDENTITY MANAGEMENT MARKET, BY COMPONENT (%)

FIGURE 9 NORTH AMERICA PRIVILEGED IDENTITY MANAGEMENT MARKET, BY INSTALLATION TYPE (%)

FIGURE 10 NORTH AMERICA PRIVILEGED IDENTITY MANAGEMENT MARKET, BY DEPLOYMENT (%)

FIGURE 11 NORTH AMERICA PRIVILEGED IDENTITY MANAGEMENT MARKET, BY ORGANIZATION SIZE (%)

FIGURE 12 NORTH AMERICA PRIVILEGED IDENTITY MANAGEMENT MARKET, BY VERTICAL (%)

FIGURE 13 EUROPE PRIVILEGED IDENTITY MANAGEMENT MARKET, BY COMPONENT (%)

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LIST OF TABLES

TABLE 1 PRIVILEGED IDENTITY MANAGEMENT MARKET, BY COMPONENT,

TABLE 2 PRIVILEGED IDENTITY MANAGEMENTMARKET, BY INSTALLATION TYPE

TABLE 3 PRIVILEGED IDENTITY MANAGEMENTMARKET, BY DEPLOYMENT

TABLE 4 PRIVILEGED IDENTITY MANAGEMENTMARKET, BY ORGANIZATION SIZE

TABLE 5 PRIVILEGED IDENTITY MANAGEMENTMARKET, BY VERTICAL

TABLE 6 PRIVILEGED IDENTITY MANAGEMENT MARKET, BY REGION

TABLE 7 NORTH AMERICA PRIVILEGED IDENTITY MANAGEMENT MARKET, BY COMPONENT