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Privileged Access Management Software Market Size to Grow USD 7.7 Billion by 2028 at a CAGR of 21.5% | Valuates ReportsBANGALORE, India, Jan. 18, 2024 /PRNewswire/ -- Privileged Access Management Software Market is Segmented by Type (Cloud Based, Web Based), by Application (Large Enterprises, SMEs): Global Opportunity Analysis and Industry Forecast, 2023-2029. It is Published in Valuates Reports Under the Category of Software.
The Global Privileged Access Management Software Market size is projected to grow from USD 2.9 Billion in 2023 to USD 7.7 Billion by 2028 at a CAGR of 21.5% during the forecast period. Several key factors propel the PAM market. Claim Your Free Sample Now: https://reports.valuates.com/request/sample/QYRE-Auto-10M2749/Global_Privileged_Access_Management_Software_Market_Insights_Forecast_to_2028 Major Factors Driving the Growth of Privileged Access Management Market Due to rising cybersecurity threats, stricter regulations, increased awareness of insider threats, the proliferation of cloud-based services, the complexity of IT environments, the emphasis on Zero Trust security models, the focus on remote workforce security, and integration with Identity and Access Management (IAM) solutions, the Privileged Access Management (PAM) market is expanding rapidly. Unlock Insights: View Full Report Now! https://reports.valuates.com/market-reports/QYRE-Auto-10M2749/global-privileged-access-management-software TRENDS INFLUENCING THE GROWTH OF PRIVILEGED ACCESS MANAGEMENT MARKET A major factor driving the market for Privileged Access Management (PAM) is the increasing frequency and sophistication of cybersecurity attacks. Strong PAM solutions are essential as companies deal with an increasing number of assaults that target sensitive data and vital infrastructure. PAM solutions are essential for protecting privileged accounts and reducing the possibility of unwanted access, enabling enterprises to successfully fend against changing cyber threats. PAM solution adoption is being driven by strict regulatory compliance requirements imposed by governments and diverse businesses worldwide. Strict controls over access to sensitive data are required by laws like GDPR, HIPAA, and SOX, thus PAM is crucial for businesses trying to meet these requirements. The Privileged Access Management Industry is expanding as a result of growing awareness of insider risks, both purposeful and inadvertent. Organizations are at significant risk from insider threats, and privileged users may do significant harm if they are compromised. PAM systems mitigate the risk of insider-related security events by enforcing strict controls, keeping an eye on privileged actions, and guaranteeing that access is only allowed to those who need it. The expansion of PAM solutions is mostly being driven by the broad use of cloud-based services. As more businesses go to the cloud, controlling and safeguarding privileged access is harder. In order to ensure that security measures work smoothly in both on-premises and cloud settings, PAM solutions offer a centralized and scalable method of controlling access to cloud resources. This promotes the safe use of cloud services. Advanced Privileged Access Management solutions are required because of the increasing complexity of IT environments, which are typified by a diversified architecture, many endpoints, and linked systems. Managing privileged access across a variety of platforms and devices is a challenge for organizations. PAM simplifies the process of safeguarding access in complicated IT environments by offering a consistent and all-encompassing solution to privileged access management. The need for PAM solutions has increased because of the move towards Zero Trust security models, where trust is never assumed and verification is necessary from anybody attempting to access resources. Since strict control over privileged access is necessary to implement a zero-trust strategy, PAM is a fundamental component of contemporary security solutions. Organizations taking a proactive approach to strengthening their security posture through Zero Trust Framework is driving the market's growth. The market is growing because of the combination of Identity and Access Management (IAM) solutions with Privileged Access Management. A thorough approach to maintainin user identities and the privileged access they are connected with is ensured by the smooth coordination between PAM and IAM, which improves overall access governance. The establishment of a unified and efficient security framework is made possible by this integration, which also supports the market's steady expansion for privileged access management. Own It Today – Buy Now! https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-10M2749&lic=single-user PRIVILEGED ACCESS MANAGEMENT MARKET SHARE ANALYSIS Due to its emphasis on cybersecurity, strict regulatory frameworks, and a large number of businesses using sophisticated security measures, North America is a major hub for the Privileged Access Management (PAM) industry. The existence of several technology-driven sectors and the region's awareness of cybersecurity dangers both support the PAM market's strong growth. The region's use of PAM solutions is further fueled by the requirement to adhere to laws like GDPR and HIPAA. Purchase Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-10M2749/Global_Privileged_Access_Management_Software_Market_Insights_Forecast_to_2028 Key Players:
Purchase Chapters: https://reports.valuates.com/request/chaptercost/QYRE-Auto-10M2749/Global_Privileged_Access_Management_Software_Market_Insights_Forecast_to_2028 SUBSCRIPTION We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans. DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS! - Privileged Access Management (PAM) Tools Market - Physical Identity and Access Management (PIAM) market size is expected to reach US$ 1343 million by 2029, growing at a CAGR of 11.4% from 2023 to 2029. - Privileged Access Management Software market is projected to reach US$ 1238.6 million in 2029, increasing from US$ 774 million in 2022, with a CAGR of 6.9% during the period of 2023 to 2029. - Vendor Privileged Access Manager Industry - Privileged User Password Management Market - Identity Analytics market is projected to reach US$ 34290 million in 2029, increasing from US$ 19020 million in 2022, with the CAGR of 8.7% during the period of 2023 to 2029. - ldentity Assurance Technologies Market - Identity and Access Management Software Market - Password and Identity Access Management (IAM) Software Market - Customer Identity and Access Management (CIAM) Market - Physical Identity and Access Management (PIAM) market size is expected to reach US$ 1343 million by 2029, growing at a CAGR of 11.4% from 2023 to 2029. - Customer Identity and Access Management (CIAM) Tools Market - Identity Security Solutions Market - Privileged Access Management Solutions Market - Privileged Identity Management market size is expected to reach US$ 8476.6 million by 2029, growing at a CAGR of 26.2% from 2023 to 2029. - Access Management System market is projected to reach US$ 27340 million in 2029, increasing from US$ 12260 million in 2022, with the CAGR of 12.5% during the period of 2023 to 2029. - Artificial Intelligence (AI) Market - Big Data Analytics in Retail Market DISCOVER OUR VISION: VISIT ABOUT US! Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs. To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources. YOUR FEEDBACK MATTERS: REACH OUT TO US! Valuates Reports Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
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