Privileged Identity Management Market - Global Forecast to 2021
Protection
from increasing instances of security breach due to insider attacks is driving
the privileged identity management market
The privileged identity management
market size is expected to grow from USD 922.0 million in 2016 to USD 3,792.5
million by 2021, at a Compound Annual Growth Rate (CAGR) of 32.7%. Identity
management and access management are among the applications contributing to the
growth of the privileged identity management market.
Identity
management solution is expected to have the largest market size in the
privileged identity management market
The identity management solution
is estimated to contribute the largest market share during the forecast period.
Due to increasing adoption of Bring Your Own Device (BYOD) technology in
enterprises and the efforts of managing the credentials or identities
associated with each super-user account, privileged identity is becoming a
major point of concern for organizations.
Cloud deployment is expected to
grow at the highest rate from 2016 to 2021. Among the verticals, the Banking,
Financial Services, and Insurance (BFSI) vertical is expected to contribute the
largest market share during the forecast period.
North America is expected to have the largest
market size in the privileged identity management market
North America has the largest
market size in the privileged identity management market, due to the presence
of a large number of security vendors, whereas Asia-Pacific (APAC) is expected
to be the fastest-growing region. Factors, such as increasing Internet usage,
compliance regulation, and implementation of BYOD technology are major forces
for the adoption of privileged identity management applications. Furthermore,
the market in developing regions, such as Middle East & Africa (MEA) and
Latin America is expected to grow due to the increasing usage of mobility,
cloud computing, hosting services, and government regulatory compliances.
To view
Full Report: Global
Privileged Identity Management Market 2021
The
break-up of profile of primary participants is as follows:
• By Company: Tier 1 – 55 %, Tier
2 – 20%, and Tier 3 – 25%
• By Designation: C level – 60%,
Director level – 25%, and Others – 15%
• By Region: North America – 10%,
Europe – 20%, APAC – 40%, and RoW – 30%
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Privileged Identity Management Market 2021
Table of Content
1
Introduction
2 Research Methodologies
3 Executive Summaries
4 Premium Insights
5 Market Overview
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