iCrowdNewswire Feb 18, 2021 10:00 PM ET
Privileged Access Management (PAM) Solutions are designed to monitor, secure, and manage privileged access. It can easily map confidential credentials across hybrid and cloud environments, by saving substantial effort of security teams. These solutions are adopted in organizations to prevent a breach and limit the damage which occurred in the case of any breach occurs.
An increase in the adoption of cloud based infrastructure across industries expected to boost the global privileged access management (PAM) solutions market growth. Cloud based infrastructure deployment gaining popularity across industries in recent years. This is mainly due to advancements in cloud infrastructure from the past few years as well as easy accessibility of cloud-based solutions. Along with, rising cloud deployment and growing concerns regarding cloud security, organizations are spending on security solutions for end to end security of cloud data. Cloud-based infrastructure is an essential platform for small and medium size organizations to manage complexity and enable cost effective access to information and technology. Hence, cloud based infrastructure helping organizations to adopt cloud-based privileged access management solutions/ platforms. Moreover, rise in the adoption of these platforms due to government regularity policies is expected to propel the global privileged access management (PAM) solutions market growth.
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Lack of awareness about the advantages of advanced solutions such as privileged access management is a major restraint expected to hinder the global privileged access management (PAM) solutions market growth during this forecast analysis.
Global Privileged Access Management (PAM) Solutions Market is segmented into component such as Software/Platform, Services (Professional, and Managed), by deployment such as On-premise, and Cloud. Further, market is segmented into enterprise size such as Large Enterprises, and Small & Medium Size Enterprises, by end use such as Healthcare BFSI, Government, Energy & Utilities, Manufacturing, Retail, IT & Telecom, and Others.
Also, Global Privileged Access Management (PAM) Solutions Market is segmented on the basis of five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as CA Technologies, One Identity LLC., Thycotic, Devolutions, Beyond Trust, Hitachi ID Systems, ARCON, ManageEngine, Centrify, CyberArk,and Wallix.
By Enterprise Size
- Large Enterprises
- Small & Medium Size Enterprises
By End Use
- Energy & Utilities
- IT & Telecom
- North America
- Latin America
- Asia Pacific
Middle East & Africa
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