Privileged Identity Management Market

Date: 2016-05

Privileged Identity Management (PIM) is essentially a subset of identity management but with a focus on securing the IT infrastructure. PIM solutions are used to secure and monitor activities in a privileged account. Apart from providing security, it is also a governance tool via which enterprises are able to conform to different regulations while preventing secure data breaches.

Increasing use of mobile devices is one factor driving the growth of the PIM market. This, coupled with the trend of Bring-Your-Own-Device (BYOD) that is being adopted by several organizations across the globe, is giving rise to the need to be able to secure confidential data and prevent employees from misusing the same. Increasing number of regulations for data security, especially for sectors such as government, healthcare, financial services, to name a few, are also driving the growth of this market.

While security solutions are being changed and updated regularly and new versions resulting from intensive research and development efforts, viruses, spyware and hackers are also evolving simultaneously and are becoming increasingly difficult to detect and control. This is proving to be a significant challenge for this market. The growing popularity of open source software is another factor inhibiting the growth of this market as this provides stiff competition to players offering PIM solutions. Some of the open source privileged identity management vendors include ManageEngine, ObserveIT, and OpenIAM.

Privileged Identity Management Market

The Privileged Identity Management Market can be segmented on the basis of product as

Software Licenses, Services and Others

The Privileged Identity Management Market can be segmented on the basis of mode of deployment as

On-premise, Cloud and Hybrid Cloud

The urgent need to prevent data breaches owing to increasing amount of confidential data that is being gathered regularly. Government Organizations particularly need to be able to protect their data owing to the critical nature of the data. However, Large enterprises currently account for the largest share of the privileged identity management market and will continue to do so till the end of the forecast period considered in this report. In terms of end-user segment, the Privileged Identity Management Market has been segmented across the following

Large Enterprises, Small and Medium Enterprises (SMEs), Government Organizations and Others

The market has been segmented based on the following geographies

North America, South America, APAC, Europe, Middle East and Africa

Following are just a few of the companies that are operating in the Privileged Identity Management market.

BeyondTrust, IBM, CyberArk, CA Technologies, and Centrify.

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