Privileged Access Management Solutions Market Insights Video

According to Cognitive Market Research, the global Privileged Access Management Solutions market size was USD 3214.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 22.50% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 1285.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.7% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 964.2 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 739.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.5% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 160.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.9% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 64.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.2% from 2024 to 2031.
• The Cloud category is the fastest growing segment of the Privileged Access Management Solutions industry