Privileged Access Management Solutions Market Analysis, Size, and Growth (2024-2031)
Privileged Access Management Solutions Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 2.46 Billion |
Market Size by 2031 | US$ 5.95 Billion |
Global CAGR (2023 - 2031) | 11.7% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Offering
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Privileged Access Management Solutions Market News and Recent Developments
The privileged access management solutions market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the privileged access management solutions market are listed below:
- CyberArk, the identity security company, announced that FM Logistic, a global supply chain management service, selected the CyberArk Identity Security Platform to secure tens of thousands of identities around the world and provide a secure foundation for its digital transformation and information security. To streamline processes and improve productivity, FM Logistics began a major digital transformation initiative, including a cloud migration project. Its existing identity management solution, however, was labor-intensive when managing privileged identities and not compatible with its cloud migration efforts. The company needed a solution to reduce complexity, simplify and automate its identity lifecycle management, provide privileged access management, and integrate with their cloud migration.
(Source: CyberArk, Press Release, May 2024)
- IBM unveiled its new security suite designed to unify and accelerate the security analyst experience across the full incident lifecycle. The IBM Security QRadar Suite represents a major evolution and expansion of the QRadar brand, spanning all core threat detection, investigation, and response technologies, with significant investment in innovations across the portfolio.
(Source: IBM, Press Release, April 2023)
Privileged Access Management Solutions Market Report Coverage and Deliverables
The "Privileged Access Management Solutions Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Privileged access management solutions market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Privileged access management solutions market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Privileged access management solutions market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the privileged access management solutions market
- Detailed company profiles