Privileged Access Management Solutions Market to Grow by $ 4.28 Billion through 2022-2026
Arcon, BeyondTrust Corp., Broadcom Inc., Centrify Corp. are some of the key market vendors
The Global Privileged Access Management (PAM) Solutions Market is projected to grow by $ 4.28 billion, accelerating at a CAGR of 22.81% till 2026 owing to factors such as need for multi-factor authentication (MFA) for privileged accounts. Many enterprises feel that passwords do not adequately protect their data and assets from data breaches, cyberattacks, and fraud. Vendors are providing MFA across enterprises to increase the security of data. This solution provides an additional layer of security to enterprises, thus helping them protect credentials and data from breaches and attacks MFA is one of the most trusted authentication methods of preventing unauthorized users from accessing corporate data. This research report delineates all the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
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Privileged Access Management Solutions Market: Segments and Geographical Regions
- This report segments the market Deployment (on-premise and cloud-based) and Geography (North America, Europe, APAC, MEA, and South America).
- 32% of the market growth will originate from North America during the forecast period. The US is a key market for PAM solutions in North America due to the enforcement of government standards and regulations in wake of the increasing number of hosted server attacks and cyberattacks. Market growth in this region will be faster than the growth of the market in MEA and South America.
- This research report will provide insights into the current market share of each segment along with growth projections for the next five years. Request our Free Sample Report
Privileged Access Management Solutions Market: Vendor Analysis
- The market is fragmented due to the presence of several players.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- Arcon, BeyondTrust Corp., Broadcom Inc., Centrify Corp., CyberArk Software Ltd., Devolutions, Iraje Inc., Thycotic Software LLC, Wallix Group SA, and Zoho Corp. Pvt. Ltd. are some of the major market participants.
Market Segmentation by Deployment
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- Privileged Access Management Solutions Market Split by Deployment
- Privileged Access Management Solutions Market Split by Geography
- North America
- Europe
- APAC
- MEA
- South America
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Arcon
- BeyondTrust Corp.
- Broadcom Inc.
- Centrify Corp.
- CyberArk Software Ltd.
- Devolutions
- Iraje Inc.
- Thycotic Software LLC
- Wallix Group SA
- Zoho Corp. Pvt. Ltd.
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 22.81%.
- What is the incremental growth of the market?
The market is expected to grow by $ 4.28 bn through 2022-2026.
- What is a key factor driving this market?
Need for multi-factor authentication (MFA) for privileged accounts will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, MEA, and South America are the key regions featured in this research report.
- Which is the leading geographic region for this market:
32% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are Arcon, BeyondTrust Corp., Broadcom Inc., Centrify Corp., CyberArk Software Ltd., Devolutions, Iraje Inc., Thycotic Software LLC, Wallix Group SA, and Zoho Corp. Pvt. Ltd.
- What are the market segments covered in this report?
The market is segmented by Deployment (on-premise and cloud-based) and Geography (North America, Europe, APAC, MEA, and South America)
