TechNavio recognizes the following companies as the key players in the Global Privileged Identity Management Market: BeyondTrust Software Inc., CA Inc., IBM Corp., and Lieberman Software Corp.
Commenting on the report, an analyst from TechNavio’s team said: “There has been an increasing adoption of cloud services in the recent past. This has led to an emergence of new forms of threats. As the services for cloud applications are hosted, the security has to be provided by both the providers and users. Thus, traditional security solutions designed for on-premise applications may not work for cloud services and applications. Hence, with the increasing need for cloud-based solutions and the increasing migration to cloud services, privileged identity management vendors are introducing cloud-based privileged identity management solutions. Most pure-play privileged identity management vendors such as Cyber-Ark, Lieberman Software, and BeyondTrust provide cloud application-specific solutions. ”
According to the report, one of the major drivers in this market is the growing compliance requirements. Compliance requirements, both internal and external, make companies adhere to certain rules and regulations. In case of any breach, they have to pay hefty penalties. Therefore, the increasing need to comply with these stringent regulatory requirements is a major driver for this market as privileged identity management solutions help enterprises to comply with these requirements.
Further, the report states that one of the major challenges in this market is the increasing complexity of network infrastructure. The increasing complexity of network infrastructure has affected the accuracy of privileged identity management solutions, thereby posing a major challenge to the growth of the Global Privileged Identity Management market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-privileged-identity-management-ma…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Privileged Identity Management Market 2014-2018
