Privileged Access Management: Revenue Split per Region

Global organizations rely on Privileged Access Management (PAM)?to enable access to privileged accounts pa without compromising their security posture. Our analysts estimate that the CAGR for this market is 11.1% and the global revenue split points North America and EMEA as the leading areas.??

More than 40% of the PAM market’s revenue is generated by North America. The expansion of PAM solutions could be attributed to the presence of key suppliers in the region, as well as the acceptance of new solutions in this segment by significant organizations in the region.??

EMEA is the second largest revenue-generating region worldwide. Increasing regulatory compliance requirements and the rising number of cyberattacks against multiple organizations are driving the expansion of the PAM market in this region.??

APAC is the third largest revenue-generating region, with 15.1% of the total revenue. In this region the increase on usage of cloud-based solutions and a rising awareness of cybersecurity could be the reasons for the growth.?

LATAM is fourth largest, but?there is a visible growth in adoption of PAM solutions that is slower but still firm. PAM is a growing market that?has reached a certain maturity level, but new innovations and security challenges will continue to expand the market, especially in the greenfield parts of LATAM and APAC.?