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Privileged Access Management Solutions Market to Grow by USD 4.28 Bn| Evolving Opportunities with Broadcom Inc. and Centrify Corp. | Technavio
[January 13, 2022]

Privileged Access Management Solutions Market to Grow by USD 4.28 Bn| Evolving Opportunities with Broadcom Inc. and Centrify Corp. | Technavio


NEW YORK, Jan. 13, 2022 /PRNewswire/ -- The privileged access management (PAM) solutions market size is expected to grow by USD 4.28 billion from 2021 to 2026. The market's growth momentum will accelerate at a CAGR of 22.81%.

Download Free Sample Report to explore growth opportunities in the PAM solutions market.

Read the 120-page report with TOC on "Privileged Access Management Solutions Market Analysis Report by Deployment (on-premise and cloud-based) and Geography (North America, Europe, APAC, MEA, and South America), and the Segment Forecasts,2022-2026".

The PAM solutions market is attributed to the need for multi-factor authentication (MFA) for privileged accounts and the increasing frequency of insider threats. However, factors such as system integration and interoperability issues may challenge the growth of the PAM solutions market during the forecast period.

Major Five PAM Solutions Companies and Their Offerings:

  • Arcon - The company offers privileged access management solutions to manage, monitor, and control the privileged access to avoid data breaches and abuse of sensitive information.
  • BeyondTrust Corp. - The company offers privileged access management solutions such as privilege password management, endpoint privilege management, cloud privilege protection, among others.
  • Broadcom Inc. - The company offers privileged access management solutions, namely Symantec.
  • Centrify Corp. - The company offers privileged access management solutions with modern cloud native services that secure hybrid infrastructure and stop the leading cause of breaches and privileged access abuse.
  • CyberArk Software Ltd. - The company offers privileged access management solutions to defend against attacks, satisfy audit and compliance and enable the digital business.

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Privileged Access Management Solutions Market Deployment Outlook (Revenue, USD bn, 2021-2026)

  • On-premise - size and forecast 2021-2026
  • Cloud-based - size and forecast 2021-2026

By deployment, the on-premise segment is expected to have significant market share growth during the forecast period. Customization and higher data security offered in the on-premises deployment model are some of the factors responsible for the growth of the market. Currently, many large enterprises are giving prominence to on-premises PAM solutions, as these solutions receive a high level of protection with their implementation.

Privileged Access Management Solutions Market Geography Outlook (Revenue, USD bn, 2021-2026)

  • North America - size and forecast 2021-2026
  • Europe - size and forecast 2021-2026
  • APAC - size and forecast 2021-2026
  • MEA - size and forecast 2021-2026
  • South America - size and forecast 2021-2026

By geography, North America will dominate the PAM solutions market during the forecast period. The region will account for a 32% share of the market's growth. The US is a key country for the PAM solutions market in North America. Moreover, market growth in this region will be faster than the growth of the market in MEA and South America. The enforcement of government standards and regulations because of the increasing number of hosted server attacks and cyberattacks will drive the PAM solutions market growth in North America during the forecast period.

Grab an Exclusive Report for more information about the contribution of each segment of the PAM solutions market

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Privileged Access Management Solutions Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 22.81%

Market growth 2022-2026

USD 4.28 billion

Market structure

Fragmented

YoY growth (%)

21.54

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 32%

Key consumer countries

US, China, UK, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Arcon, BeyondTrust Corp., Broadcom Inc., Centrify Corp., CyberArk Software Ltd., Devolutions, Iraje Inc., Thycotic Software LLC, Wallix Group SA, and Zoho Corp. Pvt. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.


About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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SOURCE Technavio


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