Privileged Access Management Solutions Market Industry Insights, Future Trends

Posted by Sakshi Mishra on December 2nd, 2020

Market Highlights

According to MRFR analysis, the Global Privileged Access Management Solutions Market was valued at USD 1689.72 Million in 2019; it is expected to reach USD 12,067.50 Million by 2026, recording a CAGR of 32.67% during the forecast period, 2020–2026.

Regulatory compliance is enforced by several governments across the globe to ensure that business organizations follow and meet the standards applied to protect the sensitive information of consumers. For instance, the implementation of PAM solutions ensures compliance with GDPR and ISO/IEC 27001:2013 regulations. Some of these regulations include reinforcing the access to critical data, providing administrators with complete visibility over user actions, and helping define and enforce thorough security policies, records, and log activities of internal and external parties. Thus, the rising adoption due to government regulatory policies is expected to drive the global privileged access management solutions market during the forecast period.

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Global Privileged Access Management (PAM) Solutions Market Segmentation

Global Privileged Access Management (PAM) Solutions Market has been segmented based on Type, Application, and Region.

Based on type, the global privileged access management (PAM) solutions market has been segmented into software, physical appliance, and virtual appliance. Among these, in 2019, the software segment accounted for the largest market share of 41.12%, with a market value of USD 694.77 million. The virtual appliance segment is projected to record the highest CAGR of 34.90% during the forecast period.

Based on application, the privileged access management (PAM) solutions market has been segmented into Windows, Unix & Linux, Mac OS, and infrastructure devices and IoT. Among these, in 2019, the Windows segment accounted for the largest market share of 37.57%. The infrastructure devices and IoT segment are projected to register the highest CAGR of 34.89% during the forecast period.

Prominent Players

Some of the Prominent Players in the Global Privileged Access Management (PAM) Solutions Market are CA Technologies, Wallix, CyberArk, Centrify, ManageEngine, ARCON, Hitachi ID Systems, Beyond Trust, Thycotic, Devolutions, and One Identity LLC.

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