Market Definition
Privileged Access Management (PAM) refers to the process of managing and controlling access to privileged accounts within an organization. Privileged accounts have high privileges and access to critical systems and sensitive data. Cyber attackers often target these accounts because they provide the highest level of access and control over an organization’s IT infrastructure.
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Market Trends
PAM involves implementing policies, procedures, and technology to ensure that only authorized users access privileged accounts and that their activity is monitored and audited, helping to reduce risks from insider threats, external attacks, and accidental or malicious misuse of privileged credentials.
The primary goal of PAM is to limit and control access to privileged accounts so that they are used only when necessary and by authorized users. This is achieved using a variety of security measures such as password management, multi-factor authentication, session monitoring, and just-in-time access.
PAM ensures that access permissions are regularly reviewed and updated to ensure that users are only granted the minimum level of access required for their specific tasks, helping to prevent misuse or abuse of privileged accounts and reducing the risk of data breaches and other security incidents.
In addition to improving security, PAM can also help organizations comply with regulatory requirements and industry standards such as the General Data Protection Regulation (GDPR) and the Payment Card Industry Data Security Standard (PCI DSS).
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Market Segments
By deployment type
- On-Premises PAM Solutions
- Cloud-Based PAM Solutions
- Hybrid PAM Solutions
By organization size
- Small and medium-sized enterprises
- Large Enterprise
By Industry
- Finance and Banking
- health care
- Government and Defense
- retail
- others
By Region
- North America
- US
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Spain
- Italy
- Netherlands
- Sweden
- Switzerland
- Denmark
- Finland
- Russia
- Other Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Indonesia
- Taiwan
- Malaysia
- Rest of Asia Pacific
- Other countries
- Latin America
- middle east
- Africa
Key Players
- CyberArk (Israel)
- BeyondTrust (US)
- Chicotic (USA)
- Centrify (USA)
- One Identity (USA)
- Oracle (USA)
- Alcon (India)
- ManageEngine (US)
- Hitachi ID Systems (Canada)
- WALLIX (France)
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