Chicago, IL -- (SBWIRE) -- 06/01/2017 -- According to the latest market research report, "Privileged Identity Management Market, by Component (Solution, Service), Installation Type (Appliance-Based & Agent-Based), Deployment Mode (On-premises, Cloud), organization size (Small and Medium Enterprises (SMEs), Large enterprises) Vertical (Banking, Financial Services, and Insurance (BFSI), Government and Defense, Healthcare, Manufacturing, Energy and Utilities, Telecom and IT, Retail, Others) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", published by Scalar Market Research, the global Privileged Identity Management Market is expected to grow at a healthy rate during the forecast period.

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The global Privileged Identity Management Market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key players, premium insights, technology trends and forecast to 2022. It also focuses on the key drivers and opportunities in this market.

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KEY PREMIUM INDUSTRY INSIGHTS

1. The global privileged identity management market is expected to witness decent growth rate during the forecast period.

2. Rising data security concern and protection from external attackers and malicious insiders which gain unauthorized access to sensitive data and control of the IT infrastructure will drive the privileged identity management market in the coming years.

3. The identity management solution is estimated to contribute the largest market share during the forecast period.

3. 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.

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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