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Privileged Access Management Market Share

Report ID: GMI7635
Published Date: Nov 2024
Report Format: PDF

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Privileged Access Management Market Share

Privileged Access Management Company Market Share, 2024

Beyondtrust, IBM Corporation, and Cyberark collectively held a substantial market share of 24% in the privileged access management industry in 2024. BeyondTrust, IBM, and CyberArk are leading with advanced solutions, focusing on continuous innovation. BeyondTrust emphasizes endpoint privilege management and secure remote access, while IBM leverages AI-driven analytics for threat detection. CyberArk stands out with its comprehensive suite for identity and session management, catering to large enterprises, positioning itself as a leader in secure privileged access.

These companies are strengthening their market position through strategic partnerships and acquisitions. IBM collaborates with cloud providers like AWS to enhance its PAM offerings, while BeyondTrust has expanded its capabilities with acquisitions, broadening its product suite. CyberArk’s partnership with leading cybersecurity firms boosts its reach, providing end-to-end solutions for complex enterprise environments, ensuring a competitive edge.

Privileged Access Management Market Companies

Major players operating in the privileged access management industry are:

Beyondtrust
CA Technologies
Cyberark
Fortinet
Hashi
Hitachi ID Systems
IBM Corporation
Imprivata
Okta
Optiv Security

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of privileged access management reached USD 3.6 billion in 2024 and is set to grow at a 23.3% CAGR from 2025 to 2034, driven by increasing cybersecurity threats and stringent regulatory requirements.

The BFSI segment held 28% of the market share in 2024, with financial institutions increasingly adopting advanced security solutions to manage privileged access to critical systems.

The North America market accounted for 34% of the revenue share in 2024 and is expected to exceed USD 8.1 billion by 2034, led by increasing cyberattacks and regulatory requirements.

The key players in the industry include Beyondtrust, CA Technologies, Cyberark, Fortinet, Hashi, Hitachi ID Systems, IBM Corporation, Imprivata, Okta, and Optiv Security.