LONDON--(BUSINESS WIRE)--The increased use of mobile devices has resulted in significant growth of the Global Privileged Identity Management Market, which is expected to post a CAGR of 26.82 percent from 2014-2019, says research firm TechNavio.
More and more vendors are now providing SaaS-based privileged identity management solutions to customers. These solutions offer a variety of benefits like availability of pay-per-use models and the provision of instant access, which is leading many companies to adopt these solutions.
“What companies need from these solutions is becoming broader and broader, which has increased the demand for SaaS-based privileged identity management solutions. This is expected to boost overall market growth in the coming years,” says Faisal Ghaus, Vice President of TechNavio.
The increase in demand for these solutions has outpaced the demand for traditional software and service-based privileged identity management solutions.
“SaaS-based privileged identity management solutions automatically update the products and enable them to respond to the latest security threats, which makes them a top-notch solution,” says Ghaus.
Furthermore, leading vendors like BeyondTrust, CA Technologies, CyberArk, IBM and Lieberman Software have increased their investment in the R&D of identity and access management. This increased spending on R&D is expected to augur well for the growth of the market.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Identity and Access Management Market 2012-2016
- Global Mobile Identity and Access Management Market 2009-2013
TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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