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Protection from increasing instances of security breach due to insider attacks is driving the Privileged Identity Management Market. The privileged identity management market size is expected to grow from USD 922.0million in 2016 to USD 3,792.5million by 2021, at a Compound Annual Growth Rate (CAGR) of 32.7%. Identity management and access management are among the applications contributing to the growth of the privileged identity management market.Download Sample Copy of Report @ http://bit.ly/2mPZ7ua
The identity management solution is estimated to contribute the largest market share during the forecast period. Due to increasing adoption of Bring Your Own Device (BYOD) technology in enterprises and the efforts of managing the credentials or identities associated with each super-user account, privileged identity is becoming a major point of concern for organizations.
Cloud deployment is expected to grow at the highest rate from 2016 to 2021. Among the verticals, the Banking, Financial Services, and Insurance (BFSI) vertical is expected to contribute the largest market share during the forecast period.
The various key privileged identity management vendors profiled in the report are ARCON (India), Balabit (Hungary), Beyond Trust (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.), Iraje (U.S.), Lieberman Software (U.S.), MANAGEENGINE (U.S.), MICROFOCUS(U.K.), NRI Secure Technologies (U.S.), Observe IT (U.S.), Onion ID (U.S.), Oracle Corporation (U.S.), Osirium (U.K.), Quest Software (U.S.), Silverlake Mastersam (Singapore), Simeio Solutions (U.S.), Thycotic (U.S.), Wallix (France), and Wheel Systems (U.S.).
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North America has the largest market size in the privileged identity management market, due to the presence of a large number of security vendors, whereas Asia-Pacific (APAC)is expected to be the fastest-growing region. Factors, such as increasing Internet usage, compliance regulation, and implementation of BYOD technology are major forces for the adoption of privileged identity management applications. Furthermore, the market in developing regions, such as Middle East &Africa (MEA) and Latin America is expected to grow due to the increasing usage of mobility, cloud computing, hosting services, and government regulatory compliances.
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In the process of determining and verifying the market size for several segments & subsegments gathered through secondary research, extensive primary interviews were conducted with key people.
The break-up of profile of primary participants is as follows:
• By Company: Tier 1 – 55 %, Tier 2 – 20%, and Tier 3 – 25%
• By Designation: C level – 60%, Director level – 25%, and Others – 15%
• By Region: North America – 10%, Europe – 20%, APAC – 40%, and RoW – 30%
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