Global Privileged Identity Management Market to reach USD 16.33 billion by 2027.Global Privileged Identity Management Market is valued approximately USD 2.49billion in 2020 and is anticipated to grow with a healthy growth rate of more than 30.8% over the forecast period 2021-2027. The monitoring and safeguarding of standard user accounts in an organization's IT settings is known as privileged identity management (PIM). Standard user accounts, such as those for system admins, CIOs and Company owners. Privileged identity management is a subcategory of unified communications that facilitates servicing to privileged accounts' specific requirements. The PIM sector, or privileged identity management sector, provides these services to particularly privileged accounts within a company's IT branch. The rise in cybersecurity concerns in many industries such as IT & telecom, e-commerce, and medical is also expected to increase demand for privileged identity management in the near future. Privileged identity management technologies assist firms increase their productivity, lowering IT expenses and ensuring compliance with regulatory regulations. Furthermore, the financial sector's increased adoption of logical database security solutions is another factor that is expected to drive consumption for privileged identity management in the coming years. Privileged identity management has grown to be one of the most critical aspects of government and defence. The concept of e-governance has prompted the government to place a greater emphasis on identity theft, which is a primary driver of industry growth. However, the privileged identity management (PIM) business is hampered by expensive installation and maintenance costs. The privileged identity management industry is projected to be hampered by a lack of awareness and technical skills in developing economies.Also, Bring your own device (BYOD) is becoming more popular in businesses, raising the danger of data loss and hacking. As a result, demand for privileged identity management will rise, propelling the market forward.

The North American region controls the majority of the market. The region is seeing an increase in the adoption of carrying your own device to work. The rise of malicious programs also makes it easier to hack any sensitive information, which is enhancing the market in the region. The increased adoption of session tracking management and access control in North America bodes well for the privileged identity management business. Due to an increase in cyber-attacks and a bump up in IT infrastructure, the Asia-Pacific region is reported to witness the highest expansion in the forthcoming years.

Major market player included in this report are:
BeyondTrust Corporation
CA Technologies
Centrify
Cyberark
Hitachi ID Systems, Inc.
IBM Corporation
Micro Focus
One Identity LLC.
Thycotic
Zoho

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByComponent:
Solution
Identity Management
Access Management
Session Monitoring and Management
Service
Professional Services
Implementation and Integration
Consulting
Education and Training
Support and Maintenance
ByInstallation Type:
Agent-based
Appliance-based
By Deployment Mode:
On-Premises
Cloud
By Organization Size:
Small and Medium Enterprises
Large Enterprises
By Vertical:
BFSI
Government & Defence
Healthcare
Manufacturing
Energy and Utilities
Telecom and IT
Retail
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Privileged Identity ManagementMarket in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors