C&M: Global market for privileged identity management driven by growing compliance requirement
Global Privileged Identity Management Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 14:45:02
The Global Privileged Identity Management market is to grow at a CAGR of 26.6 percent over the period 2014-2018. One of the key factors contributing to this market growth is the growing compliance requirement. The Global Privileged Identity Management market has also been witnessing the availability of cloud-based solutions. However, the increasing complexity of network infrastructure could pose a challenge to the growth of this market.
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.
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