Privileged identity management manages administrator activity in critical environments by providing secure password management solution such as databases & applications and network equipment such as switches, routers, and security appliances. This technology needs to accommodate the special needs of privileged accounts, including their authorization, provisioning & life cycle management, authentication, password management, access controls, and auditing. The Privileged identity management market is expected to grow rapidly for the forecast period owing to the adoption of cloud technology and increasing complexity in network technology & enterprise compliance.
Browse Details of Privileged
Identity Management Market at : https://www.millioninsights.com/industry-reports/privileged-identity-management-market
Major driver of the industry is
growing adoption of mobile devices. Extensive usage of tablets and smartphones
has given rise to many user identification and authorization issues. Employees
have access to confidential information such as corporate e-mails and critical
business information, which might lead to data leak and corporate espionage.
The growing concern among organizations to safeguard the confidential data has
significantly contributed to the growth of market.
Advancement in technology and
security threats has increased over the years. Moreover, hacking, viruses,
spyware, and spams have become difficult and complex to detect and control
using traditional identity management solutions. Preventing and identifying
breaches and security threats is expected to be a major challenge in the
market. One of the key trends in the market is software as a service based
security management solution. The rapid adoption of cloud technology has given
an opportunity to vendors to offer software as a service based privileged
identity management solutions.
The adoption of cloud-based
security has also increased due to low investment costs and the availability of
pay-per-use models. Vendors have increased their R&D expenditure to develop
new and advanced products with better security offerings to have a
technological edge over others. The industry can be segmented into solutions,
which includes access management, user management, account management,
privileged identity management, privileged password management, and account
security. It is also segmented on the basis of end use, which includes small
and medium enterprise, large enterprise, and government enterprise.
North America is considered as
the key market for this industry followed by Europe owing to increase in Bring
Your Own Device (BYOD) trend among enterprises, high demand to automate the
data access and control process, rapid adoption of cloud computing, and
developed network infrastructure. Asia Pacific is anticipated to have
significant growth for the forecast period owing to the developing IT
infrastructure. Key players in this segment are CA Technologies, BeyondTrust
Software, IBM, Arcon, Lieberman Software, Centrify, BalaBit, Hitachi ID
Systems, Dell, NetIQ, MasterSAM, ObserveIT, NRI Secure Technologies, Wallix,
Xceedium, and Thycotic.Companies in the market have adopted various strategic
initiatives such as new product development, merger and acquisition, and
partnerships and collaboration in order to have a competitive advantage and
strong market share.
Get Sample Copy of
Privileged Identity Management Market at : https://www.millioninsights.com/industry-reports/privileged-identity-management-market/request-sample
For instance, In February 2016,
Dell innovative IT solution provider launched Dell One Identity Safeguard, for
privileged password solution. It offers access management and critical identity
functionality to its security product portfolio. The solution integrates ease
of use & simplicity to automate & secure the use of privileged account
credentials, access to administration rights on SonicWALL next-generation
firewalls. In August 2015, CA Technologies provider of IT management solutions
acquired Xceedium a global privileged identity management solutions that
secures on-premise, cloud, and hybrid IT environments. This acquisition will
help CA Technologies to extend its security product offering with a
comprehensive solution for protecting and controlling IT admin or other
privileged user accounts from exterior attacks and insider malicious.
In March 2016, CA Technologies
partnered with Simeio Solutions a global leader in providing identity and
access management security. Through this partnership, Simeio Solutions will
offer customers a fast track to a business-focused identity management
implementation that can be deployed at faster rate than traditional
implementations. In April 2015, Hitachi ID Systems launched Hitachi ID
Privileged Access Manager 9.0 (HiPAM 9.0). It offers the ability to check
multiple accounts at once and run commands across multiple systems. HiPAM 9.0
also introduces Hitachi ID Mobile Access for android and iOS, to expedite
approvals for one-time access and to disclose passwords when required.
No comments:
Post a Comment