As per Market Research Future (MRFR) analysis, the global Privileged Identity Management Market Share is expected to grow at approximately USD 6,200 million with a CAGR of 32% from 2017 to 2023 (forecast period). The research report provides a summary of the effects of COVID-19 on current/future market situations. The report describes some of the significant market factors that will affect the growth of this sector, such as market share, major region, and key players.
The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. Global parking management fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site. Novel coronavirus has Global parking management to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Global parking management is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.
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Based on the component, the global privileged identity management market has been divided into solution and service. The solution segment has been further segregated into identity management, access management, session monitoring, and management. Service segment has been further segregated into professional services, implementation and integration, consulting, education and training, support and maintenance, and managed services.
Based on the installation type, the global privileged identity management market has been segmented into agent-based and appliance based.
Based on the deployment type, the global privileged identity management market has been segmented into cloud and on-premises. The cloud solution is expected to gain the largest market share by the deployment category.
Based on organization size, the global privileged identity management market has been segmented into small & medium enterprises and large enterprises.
Based on vertical, the global privileged identity management market has been segmented into government & defence, healthcare, manufacturing, energy & utilities, IT & telecommunication, retail, and others.
The prominent players in the privileged identity management market are ARCON (India), Balabit (Hungary), BeyondTrust (U.S.), Bomgar Corporation (U.S.), CA, Inc. (U.S.), Centrify (U.S.), Core Security (U.S.), Cyberark (U.S.), Hitachi-ID (Canada), IBM Corporation (U.S.), among others.
North American region is projected to account for the largest share of the privileged identity management market due to higher adoption of bring your own device (BYOD) technology and malicious software that can easily hack sensitive information. There is an increased acceptance of technologies, such as session monitoring and identity management. The Asia Pacific region is projected to account for the highest CAGR in the PIM market due to an improvement in IT infrastructure and an increase in cyber-attacks.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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