Privileged Access Management Industry Statistics

In this post, we will explore key statistics and trends shaping the privileged access management (PAM) industry. From the growing market size to the importance of PAM tools in cybersecurity, we will delve into the data that highlights the significance of PAM solutions in today’s digital landscape.

Statistic 1

"52% of respondents report that privileged access management (PAM) tools are a high security priority for their organizations."

Statistic 2

"By 2025, the PAM market size is projected to reach $5.96 billion, growing at a CAGR of nearly 31.7%."

Statistic 3

"North America holds the largest market share of PAM industry, around 45% in 2020."

Statistic 4

"70% of cybersecurity professionals view PAM technology as a key tool in addressing cyber threats."

Statistic 5

"Approximately 74% of all data breaches involve privileged credential abuse."

Statistic 6

"80% of organizations don't know how many privileged accounts they have, hence the need for PAM solutions."

Statistic 7

"Major providers in the industry include Centrify, Hetzer, PrivilegedAI, among others."

Statistic 8

"The cloud segment is projected to grow at the highest CAGR within the PAM market during the forecast period."

Statistic 9

"In 2019, the IT & telecom sector dominated the PAM market with a share of approximately 32.3%."

Statistic 10

"End-users are towards adopting PAM solutions due to increasing data breach cases, reaching almost 39% increase in 2020."

Statistic 11

"66% of businesses identify regulatory compliance as a key driver for PAM adoption."

Statistic 12

"Forecasts suggest organizations will increase their PAM technology investments by 30% until 2025."

Statistic 13

"PAM providers' services comprise largely consulting (40%), implementation (35%), and training and education (25%)."

Statistic 14

"The largest PAM solution providers' revenues grew by 40% in 2020."

Statistic 15

"The PAM market in Europe is predicted to grow significantly due to increasing demand for cybersecurity solutions, with 30% growth expected until 2025."

Statistic 16

"Over 50% IT and security professionals consider PAM a 'must-have' security essential."

Statistic 17

"64% of organizations report failing in their attempts to fully implement PAM in their security infrastructures."

Statistic 18

"The BFSI sector is expected to hold significant share of the PAM market due to high demand for data security."

Overall, the statistics presented highlight the increasing importance of privileged access management (PAM) tools in organizations worldwide. With a majority of cybersecurity professionals viewing PAM as crucial in addressing cyber threats and a significant percentage of data breaches involving privileged credential abuse, it is evident that PAM solutions play a central role in enhancing security measures. The projected market growth, particularly in regions like North America and Europe, further emphasizes the rising demand for PAM technologies. Despite challenges faced in implementing PAM fully, businesses are recognizing the necessity of these tools, with forecasts indicating substantial investments in PAM technology in the coming years. As the industry continues to evolve, the integration of cloud services and the focus on sectors like IT & telecom and BFSI signal a promising outlook for the PAM market and its role in bolstering cybersecurity defenses.