Global Privileged Access Management Market Size, Forecast, and Trend Highlights Over 2025-2037
Privileged Access Management Market size was over USD 3.49 billion in 2024 and is projected to cross USD 42.96 billion by the end of 2037, growing at more than 21.3% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of privileged access management is evaluated at USD 4.08 billion.
According to the Department for Science, Innovation, and Technology UK, Cyber Security Breaches Survey 2024, published in April 2024, 50% of businesses and 32% of charities reported having experienced some form of cyber security breach or attack between April 2023 to April 2024. 70% of medium businesses, 74% of large businesses, and 66% of high-income charities with USD 540,067 or more in annual income encountered similar threats. It further states that phishing is the most common type of breach or attack. PAM solutions help mitigate these risks with stronger defenses against credential-based attacks, in addition to the prevention of unauthorised access to critical systems.
The increasing focus on regulatory compliance and data protection is a key driver in the global privileged access management market. PAM solutions help organizations meet compliance mandates. As industries such as finance, healthcare, and government face stricter security requirements, the demand for PAM solutions continues to rise. In October 2023, Teleport launched Teleport Identity Governance and Security, which reduces response time for attacks by mapping every access point and identity in an enterprise's infrastructure.
Privileged Access Management Market: Growth Drivers and Challenges
Growth Drivers
- Zero-trust security model: The World Economic Forum, in February 2025, stated that 54% of large organizations quote supply chain as the biggest challenge in cyber resilience, owing to the complexity and absence of visibility in security for suppliers. In May 2024, it was reported that an AI deepfake was used to steal USD 25 million from the UK global engineering and design firm Arup.
The article further mentions that there has been a notable cyber skills gap of 8% in 2024. Two-thirds of organizations report facing moderate-to-critical talent shortages for cybersecurity. PAM integration helps mitigate insider threats and unauthorized access, protecting organizations with secure endpoints, applications, and preventing potential breaches.
- Integration with IAM: PAM integration with identity and access management (IAM) is becoming a critical security strategy for organizations. By combining PAM with IAM, businesses can enforce a unified approach to identity security, ensuring that both privileged and non-privileged users follow strict access control. This integration enables seamless authentication, centralised visibility, and automated user provisioning, reducing the risk of credential misuse.
Additionally, IAM-PAM integration enhances compliance by providing detailed audit trails and real-time monitoring of privileged activities, helping organizations meet regulatory requirements. In February 2023, Procyon announced USD 6.5 million equity financing in IAM and launched a next-generation cloud-based PAM Solution for multi-cloud IAM platform, offering self-service access, ZSP & JIT, strong device identity, and compliance & governance.
Challenge
- Absence of granularity: PAM systems are designed to monitor and maintain privileged access inside a company. However, every PAM system offers similar complexity with its management features. A system may, for instance, permit database access without defining which sections of the database are available for use. This wide approach increases the risk of unauthorized access by exposing more data. Inadequate access restrictions provide significant compliance and security concerns, particularly for organizations such as financial or healthcare institutions that handle sensitive data.
Privileged Access Management Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
21.3% |
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Base Year Market Size (2024) |
USD 3.49 billion |
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Forecast Year Market Size (2037) |
USD 42.96 billion |
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Regional Scope |
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Privileged Access Management Segmentation
Deployment Mode (On-Premises, Cloud)
In privileged access management market deployment mode, the cloud segment is poised to dominate around 60% share by the end of 2037. The segment’s growth is impelled by the rising adoption of cloud services by organizations. The International Data Corporation (IDC) has stated in December 2023 that India’s overall public cloud services market is estimated to reach USD 17.8 billion by 2027, increasing at a CAGR of 22.9% between 2022 and 2027. However, potential cyber threats and access point complexity rise in tandem with cloud usage. PAM plays a role that goes beyond security, as companies’ priorities are digital agility and cloud services. This ongoing rise in cloud usage and digital transformation highlights the growing importance of PAM in the enterprise security framework.
Offering [Solution (Password Management, Session Management, Access Control, Privileged Identity Management, Compliance & Reporting) Services (Professional, Managed)]
In privileged access management market offering, the solution segment is estimated to account for more than 52% revenue share by the end of 2037, driven by the increasing need for robust security frameworks to protect privileged credentials. Growing concerns over insider threats are pushing enterprises to invest in advanced PAM solutions over standalone services. Comprehensive PAM platforms are gaining traction owing to features including session monitoring, JIT access, and password vaulting to combat the cyber threats. In June 2022, CyberArk launched CyberArk Endpoint Privilege Manager functionality that extends protection and implements introductory JIT security controls to Linux platforms.
Our in-depth analysis of the global privileged access management market includes the following segments:
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Offering |
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Deployment Mode |
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Enterprise Size |
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Industry Vertical |
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Customize this ReportPrivileged Access Management Industry - Regional Synopsis
North America Market Statistics
North America privileged access management market is likely to hold the largest revenue share of 35% by 2037. The region is observing a surge in mobile penetration, boosting the adoption of mobile services. Organizations across industries, including finance, healthcare, and government, are prioritizing PAM solutions to secure critical assets and ensure compliance with data protection laws. Strong investments in cybersecurity in the region are also boosting the privileged access management market growth.
The focus of AI-powered threat detection in the U.S., just-in-time access controls, in addition to the rapid adoption of cloud and SaaS-based solutions, is shaping market trends. According to International Data Corporation (IDC), in 2021, the SaaS applications segment was the largest of all cloud market segments, measuring USD178 billion, increasing 24% from 2020. Additionally, compliance mandates and the adoption of remote work are also pushing businesses in the country to include SaaS-based PAM.
Europe Market Analysis
Europe is estimated to register huge growth for the privileged access management market during the projected period and will hold the second position owing to the rising number of small & medium enterprises. According to the Annual Report by the European Commission, 2022-2023, SMEs constituted the backbone of the EU-27 economy, accounting for 99.88% of all firms in the Union in 2022. It is easier for scammers to target small and medium-sized businesses with methods including phishing and ransomware. PAM prevents incidents and safeguards these organizations from harmful attacks, resulting in market expansion.
The privileged access management market in France is growing due to increasing cybersecurity regulations, digital transformation, and the rise of cloud-based infrastructures. The market is further driven by strict data protection laws, encouraging enterprises to implement zero-trust security models and AI-powered access controls. Additionally, collaborations between cybersecurity firms and regulatory bodies are fostering innovation and compliance, further accelerating PAM adoption in the country.
Companies Dominating the Privileged Access Management Landscape
- BeyondTrust
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- WALLIX
- ARCON
- One Identity LLC
- Broadcom
- Delinea Inc.
- Iraje Inc
- Kron
- WALLIX
- Ekran System
Players in the privileged access management market are adopting strategies such as zero-trust security models, AI-driven threat detection, and cloud-based PAM solutions to enhance cybersecurity. Other strategies include product launches, partnerships, and acquisitions. For instance, in April 2023, BeyondTrust announced a partnership with Moro Hub, a subsidiary of Digital DEWA, intending to work together to create PAM solutions that are tailored to the specific needs of businesses in the area. Some of these players are:
In the News
- In April 2024, BeyondTrust acquired Entitle, growing outside PAM to incorporate dynamic, just-in-time access management across cloud, SaaS, and on-premises environments.
- In February 2024, Delinea announced the acquisition of Fastpath, a leader in Identity Governance and Administration (IGA) and identity access rights, to enhance privileged access, controls, and governance, reducing organizational cybersecurity risk and ensuring compliance.
- In March 2023, Fortinet launched several new and improved products and services for operational technology environments as an expansion of the Fortinet Security Fabric for OT. This includes FortiGate 70F Rugged Next-Generation Firewall (NGFW), FortiDeceptor, and FortiPAM Privileged Access Management for Secure Remote Access, in products, and FortiGuard Industrial Security Service, FortiSIEM, and FortiSOAR, in services.
Author Credits: Abhishek Verma
- Report ID: 5708
- Published Date: Apr 11, 2025
- Report Format: PDF, PPT
