Privileged access management solutions market to grow by 22.91% Y-O-Y from 2022 to 2023: Need for multi-factor authentication (MFA) for privileged accounts will drive growth -Technavio

NEW YORK, Feb. 2, 2023 /PRNewswire/ --

Privileged access management solutions market Insights -

• Vendors: 15+, Including ARCON | BeyondTrust Corp. | Broadcom Inc. | Centrify Corp. | CyberArk Software Ltd. | Devolutions | Fudo Security Inc. | International Business Machines Corp. | Iraje Inc. | Kron Telekomunikasyon Hizmetleri A.S. | Micro Focus International Plc | Oracle Corp. | Osirium Ltd. | Quest Software Inc. | Silverlake Mastersam | Simeio Solutions LLC | Thycotic Software LLC | Wallix Group SA | Zoho Corp. Pvt. Ltd. | Hitachi Ltd., among others
• Coverage: Key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Deployment (On-premise and Cloud-based), Component (Solution and Service), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

To understand more about the privileged access management solutions market, request a sample report

The privileged access management solutions market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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In 2017, the privileged access management solutions market was valued at USD 928.15 million. From a regional perspective, North America held the largest market share, valued at USD 351.12 million. The privileged access management solutions market size is estimated to grow by USD 4,521.66 million from 2023 to 2027. However, the growth momentum will decelerate at a CAGR of 22.24% according to Technavio.

Privileged access management solutions market - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a sample!

Global privileged access management solutions market - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including -

• ARCON: The company offers privileged access management solutions such as endpoint privilege management solutions.
• BeyondTrust Corp.: The company offers privileged access management solutions such as privileged password management and endpoint privilege management solution.
• Broadcom Inc.: The company offers privileged access management solutions such as privileged credential vault, session recording, and behavioral analytic solutions.
• Centrify Corp.: The company offers privileged access management solutions for systems, domains, databases, services, and secret text strings or files that contain secret information.
• CyberArk Software Ltd.: The company offers privileged access management solutions such as manage privileged credentials solutions.

Global privileged access management solutions market – Market Dynamics

Major drivers - 

• Need for multi-factor authentication (MFA) for privileged accounts
• Increasing frequency of insider threats
• Increasing compliance with regulatory standards

Key challenges - 

• System integration and interoperability issues
• Lack of Granularity
• Low adoption in developing regions

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this privileged access management solutions market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the privileged access management solutions market between 2023 and 2027
• Precise estimation of the size of the privileged access management solutions market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the privileged access management solutions market industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of privileged access management solutions market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global privileged access management solutions market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global privileged access management solutions market 2017 - 2021 ($ million)

• 4.2 Geography Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.3 Component Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ million)

• 4.4 Deployment Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Deployment

• 6.1 Market segments
• Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)

• 6.2 Comparison by Deployment 
• Exhibit 32: Chart on Comparison by Deployment
• Exhibit 33: Data Table on Comparison by Deployment

• 6.3 On-premise - Market size and forecast 2022-2027 
• Exhibit 34: Chart on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on On-premise - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on On-premise - Year-over-year growth 2022-2027 (%)

• 6.4 Cloud-based - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Deployment 
• Exhibit 42: Market opportunity by Deployment ($ million)

7 Market Segmentation by Component

• 7.1 Market segments
• Exhibit 43: Chart on Component - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Component - Market share 2022-2027 (%)

• 7.2 Comparison by Component 
• Exhibit 45: Chart on Comparison by Component
• Exhibit 46: Data Table on Comparison by Component

• 7.3 Solution - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Solution - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Solution - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Solution - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Solution - Year-over-year growth 2022-2027 (%)

• 7.4 Service - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Service - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Service - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Service - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Service - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Component 
• Exhibit 55: Market opportunity by Component ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027 
• Exhibit 89: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 ARCON
• Exhibit 108: ARCON - Overview
• Exhibit 109: ARCON - Product / Service
• Exhibit 110: ARCON - Key offerings

• 12.4 BeyondTrust Corp.
• Exhibit 111: BeyondTrust Corp. - Overview
• Exhibit 112: BeyondTrust Corp. - Product / Service
• Exhibit 113: BeyondTrust Corp. - Key news
• Exhibit 114: BeyondTrust Corp. - Key offerings

• 12.5 Broadcom Inc.
• Exhibit 115: Broadcom Inc. - Overview
• Exhibit 116: Broadcom Inc. - Business segments
• Exhibit 117: Broadcom Inc. - Key news
• Exhibit 118: Broadcom Inc. - Key offerings
• Exhibit 119: Broadcom Inc. - Segment focus

• 12.6 Centrify Corp.
• Exhibit 120: Centrify Corp. - Overview
• Exhibit 121: Centrify Corp. - Product / Service
• Exhibit 122: Centrify Corp. - Key offerings

• 12.7 CyberArk Software Ltd. 
• Exhibit 123: CyberArk Software Ltd. - Overview
• Exhibit 124: CyberArk Software Ltd. - Product / Service
• Exhibit 125: CyberArk Software Ltd. - Key offerings

• 12.8 Devolutions
• Exhibit 126: Devolutions - Overview
• Exhibit 127: Devolutions - Product / Service
• Exhibit 128: Devolutions - Key offerings

• 12.9 Fudo Security Inc.
• Exhibit 129: Fudo Security Inc. - Overview
• Exhibit 130: Fudo Security Inc. - Product / Service
• Exhibit 131: Fudo Security Inc. - Key offerings

• 12.10 Hitachi Ltd.
• Exhibit 132: Hitachi Ltd. - Overview
• Exhibit 133: Hitachi Ltd. - Business segments
• Exhibit 134: Hitachi Ltd. - Key news
• Exhibit 135: Hitachi Ltd. - Key offerings
• Exhibit 136: Hitachi Ltd. - Segment focus

• 12.11 International Business Machines Corp. 
• Exhibit 137: International Business Machines Corp. - Overview
• Exhibit 138: International Business Machines Corp. - Business segments
• Exhibit 139: International Business Machines Corp. - Key news
• Exhibit 140: International Business Machines Corp. - Key offerings
• Exhibit 141: International Business Machines Corp. - Segment focus

• 12.12 Iraje Inc.
• Exhibit 142: Iraje Inc. - Overview
• Exhibit 143: Iraje Inc. - Product / Service
• Exhibit 144: Iraje Inc. - Key offerings

• 12.13 Kron Telekomunikasyon Hizmetleri A.S. 
• Exhibit 145: Kron Telekomunikasyon Hizmetleri A.S. - Overview
• Exhibit 146: Kron Telekomunikasyon Hizmetleri A.S. - Product / Service
• Exhibit 147: Kron Telekomunikasyon Hizmetleri A.S. - Key offerings

• 12.14 Micro Focus International Plc 
• Exhibit 148: Micro Focus International Plc - Overview
• Exhibit 149: Micro Focus International Plc - Product / Service
• Exhibit 150: Micro Focus International Plc - Key news
• Exhibit 151: Micro Focus International Plc - Key offerings

• 12.15 Thycotic Software LLC 
• Exhibit 152: Thycotic Software LLC - Overview
• Exhibit 153: Thycotic Software LLC - Product / Service
• Exhibit 154: Thycotic Software LLC - Key offerings

• 12.16 Wallix Group SA
• Exhibit 155: Wallix Group SA - Overview
• Exhibit 156: Wallix Group SA - Business segments
• Exhibit 157: Wallix Group SA - Key offerings
• Exhibit 158: Wallix Group SA - Segment focus

• 12.17 Zoho Corp. Pvt. Ltd.
• Exhibit 159: Zoho Corp. Pvt. Ltd. - Overview
• Exhibit 160: Zoho Corp. Pvt. Ltd. - Product / Service
• Exhibit 161: Zoho Corp. Pvt. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 162: Inclusions checklist
• Exhibit 163: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 164: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 165: Research methodology
• Exhibit 166: Validation techniques employed for market sizing
• Exhibit 167: Information sources

• 13.5 List of abbreviations 
• Exhibit 168: List of abbreviations

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