Overall, the dynamics
are on exciting curve as chief information officers, chief information security officers, and
security managers are aware of stakes and increasingly need to enhance employee
productivity.
Despite market challenges related to complexity of network infrastructure,
Markets Research predicts that, the growing popularity of SaaS-based PIM solutions will be a key trend for market growth.
In effect, technological advancements are
compelling vendors to offer SaaS-based PIM solutions to their customers.
Various benefits such as the
availability of pay-per-use models and the provision of instant access are luring
Companies are to adopting these SaaS-based PIM solutions.
For those who are unfamiliar,
PIM solutions protect, track,
and audit privileged credentials used by IT administrators and applications
when accessing sensitive information, including IP rights, company financials,
and employee details.
The analysts forecast the global privileged identity management (PIM) market to grow at a CAGR of 19.71% during the period 2016-2020.
Among key vendors, we have:
- BeyondTrust
- CA Technologies
- CyberArk
- Centrify Corporation
- ARCON
- IBM.
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