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Privileged Access Management Solutions Market size is set to grow by USD 10.71 billion from 2024-2028, Need for multi-factor authentication (MFA) for privileged accounts boost the market, Technavio

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NEW YORK, June 10, 2024 /PRNewswire/ — The global privileged access management solutions market size is estimated to grow by USD 10.71 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  34.08%  during the forecast period. need for multi-factor authentication (MFA) for privileged accounts is driving market growth, with a trend towards increased adoption of byod concept. However, system integration and interoperability issues  poses a challenge. Key market players include ARCON, BeyondTrust Corp., Broadcom Inc., Centrify Corp., CyberArk Software Ltd., Devolutions, Fudo Security Inc., Hitachi Ltd., International Business Machines Corp., Iraje Inc., Kron Telekomunikasyon Hizmetleri A.S., Open Text Corporation, Oracle Corp., Osirium Ltd., Quest Software Inc., Silverlake Mastersam, Simeio Solutions LLC, Thycotic Software LLC, Wallix Group SA, and Zoho Corp. Pvt. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Privileged Access Management Solutions Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 34.08%

Market growth 2024-2028

USD 10710.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

25.53

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 33%

Key countries

US, China, UK, Germany, and Japan

Key companies profiled

ARCON, BeyondTrust Corp., Broadcom Inc., Centrify Corp., CyberArk Software Ltd., Devolutions, Fudo Security Inc., Hitachi Ltd., International Business Machines Corp., Iraje Inc., Kron Telekomunikasyon Hizmetleri A.S., Open Text Corporation, Oracle Corp., Osirium Ltd., Quest Software Inc., Silverlake Mastersam, Simeio Solutions LLC, Thycotic Software LLC, Wallix Group SA, and Zoho Corp. Pvt. Ltd.

Market Driver

The BYOD trend in organizations is driving the demand for Privileged Access Management Solutions (PAM). As employees use personal devices for work, enterprises require robust security systems. IDaaS applications, a type of PAM solution, offer easier installation and configuration than on-premises solutions, making them popular. This trend is expected to significantly contribute to the growth of the global PAM solutions market. 

The Privileged Access Management (PAM) market is experiencing significant growth due to the increasing need for secure access to critical systems and data. Tools and solutions are being developed to address this requirement, including those that enable cloud-based and on-premises access, provide single sign-on capabilities, and offer session monitoring and reporting.

These solutions are essential for organizations to ensure secure and controlled access to sensitive information, prevent unauthorized access, and meet regulatory compliance requirements. Additionally, advancements in artificial intelligence and machine learning technologies are enhancing PAM solutions, enabling more effective threat detection and response. Overall, the PAM market is trending towards more advanced, automated, and integrated solutions to address the evolving threat landscape. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The integration of advanced technologies in various industries creates challenges for privileged access management solutions. Interoperability issues arise during system updates or mergers, leading to cross-platform integration problems.Vendors must collaborate with IT teams to seamlessly integrate IT systems and manage infrastructure. Standardized solutions may not meet organizational needs, and customized options come with high costs, discouraging adoption and potentially hindering market growth.Privileged Access Management (PAM) solutions play a crucial role in securing an organization’s digital environment. However, implementing these solutions comes with challenges. One major challenge is identifying and managing a large number of privileged accounts. Another challenge is ensuring that these accounts are used only by authorized personnel.Additionally, keeping up with the latest threats and vulnerabilities requires continuous updates and patches to the PAM solution. Furthermore, integrating PAM solutions with other security tools and processes can be complex. Lastly, ensuring compliance with various regulations and standards adds to the complexity of PAM implementation. Addressing these challenges requires a comprehensive and robust PAM strategy.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Deployment 1.1 On-premises1.2 Cloud-basedComponent 2.1 Solution2.2 ServiceGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 On-premises-  Privileged Access Management (PAM) solutions enable organizations to secure and manage access to critical systems and data. These solutions help control user permissions, monitor access activities, and ensure compliance with security policies. By implementing PAM solutions, businesses can strengthen their IT security posture and mitigate the risk of unauthorized access and data breaches. PAM solutions are essential for protecting sensitive information and maintaining regulatory compliance in various industries.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

In today’s cloud-centric business landscape, the need for robust Privileged Access Management (PAM) Solutions has become paramount. These solutions mitigate cybersecurity threats posed by internal actors and insider attacks. PAM tools enable the management of privileged accounts for authorized users, ensuring secure access to digital assets. Innovative technologies, such as Multi-Factor Authentication (MFA) and Single Sign-On (SSO), enhance the functionality of PAM solutions. Despite the benefits, IT budgets and inflation rates can hinder small businesses and large industrial sectors from implementing these solutions. However, investing in PAM tools is essential for maintaining security and mitigating potential security breaches.

Component solutions like Password Vaulting, Session Management, and Privileged Identity Management offer comprehensive protection against cyber threats. Organizational silos can also pose challenges in implementing PAM solutions. To address this, businesses can consider implementing PAM solutions from reputable vendors, such as Delinea and Hitachi ID, which offer integrated solutions to streamline processes and eliminate silos.

Market Research Overview

The Privileged Access Management (PAM) solutions market encompasses innovative technologies designed to manage and secure access to critical systems and data. These solutions ensure the implementation of least privilege principles, strengthening security posture against internal and external threats. Strategies such as multi-factor authentication, session recording, and real-time monitoring are integral components of PAM solutions.

Additionally, these solutions provide centralized management, automating the process of granting, modifying, and revoking access. PAM solutions cater to various industries, including finance, healthcare, and government, addressing their unique security requirements. Overall, PAM solutions are essential for maintaining a robust security infrastructure and mitigating potential risks.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premisesCloud-basedComponentSolutionServiceGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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TI celebrates 70 years of innovation in Europe alongside leading customers to engineer next-generation systems

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 Companies including ABB Robotics, Porsche, Schneider Electric and Husqvarna Group are working with TI to enable advancements in how the world moves, lives and works

News highlights:

TI is celebrating 70 years of operations in Europe, underscoring its commitment to helping customers across the continent and around the world solve their most complex engineering challenges.From early automotive electronics to today’s AI-driven infrastructure, TI has supported seven decades of technological advancement across Europe’s key industries.Through partnerships with key European companies, TI is shaping the future of mobility, automation and sustainable energy management.

MUNICH, Nov. 3, 2026 /PRNewswire/ — Texas Instruments (TI) (Nasdaq: TXN) is celebrating 70 years of operations in Europe, demonstrating its long history of semiconductor innovation, research and development, manufacturing and customer partnership in the region. This milestone is a key part of TI’s near 100-year legacy of driving the technological advancements that power the modern world. The anniversary coincides with TI’s participation at electronica 2026, November 10-13, in Munich, Germany.

“Our 70-year commitment to Europe is a significant part of our story, but it is also a reflection of TI’s passion – creating a better world by making electronics more affordable through semiconductors,” said Robert Berghoff, president of TI EMEA. “Our focus remains on empowering engineers in Europe and around the world as they navigate the transition toward more autonomous, AI-driven and intelligent systems. Whether through our local engineering or our global manufacturing scale, we are dedicated to providing reliable, high-performance semiconductors that help our customers solve their most complex design challenges.”

Innovating what’s next in intelligent systems
With the industry’s most comprehensive portfolio of more than 80,000 analog and embedded processing semiconductors, TI enables efficient power management, precise sensing, seamless connectivity and AI processing at the edge. Globally, TI helps more than 100,000 customers, including leading companies in Europe, accelerate innovation across key markets, from industrial automation systems that increase productivity to safer, more advanced vehicles.

Transforming industrial automation with ABB Robotics
As ABB Robotics advances the next generation of Autonomous Versatile Robotics (AVR™), physical AI is enabling robots to perceive, reason and act in increasingly dynamic industrial environments. Achieving this requires innovation across the technology stack, from sensing and computing to control and power management. TI semiconductor technology helps support the performance, efficiency and real-time control requirements of intelligent robotic systems. Technologies including real-time control microcontrollers, sensing solutions and motor-control components play an important role in enabling increasingly autonomous, adaptive and connected automation solutions.

“The transition toward physical AI and with it autonomous versatile robotics depends on advances across the entire technology ecosystem,” said Johan Ernlund, Global R&D Manager – Platform, ABB Robotics. “TI’s leadership in real-time processing, sensing and motor control provides important building blocks for the next generation of industrial automation. Together, we are helping create robotic systems that can operate safely, intelligently and efficiently in increasingly complex environments.”­­

Architecting next-generation vehicles with Porsche 
As the automotive industry shifts toward vehicles that are more intelligent and immersive, the need for advanced, efficient semiconductor solutions has never been more critical. In partnership with Porsche, TI is enabling a new era of automotive excellence through industry-leading audio and gallium nitride (GaN) technologies.

“Bringing next-generation vehicle experiences to our customers means that we are not just adopting technology, but actively driving it forward,” said Lars Heuken, Strategic Semiconductor Management, Porsche. “By working with TI to integrate GaN technology, we can achieve more efficient and compact designs without compromising on performance. This collaboration also allows us to define the next step in high-end audio performance, ensuring an exceptional experience inside the cabin.”

Powering AI from grid to gate with Schneider Electric
As AI infrastructure and sustainable energy drive unprecedented power demands, TI is partnering with Schneider Electric to solve critical design challenges and enable the next generation of AI data centers. By combining TI’s semiconductor innovations – including advanced power conversion, improved energy efficiency and scalable infrastructure – with Schneider Electric’s power management expertise, the two companies are enabling higher power density in increasingly compact footprints.

“At Schneider Electric, we’re focused on building a more sustainable and resilient future,” said Ard Verboon, Chief Procurement Officer, Schneider Electric. “As an enabler of the energy transition, we’re constantly seeking the high-efficiency power solutions that today’s critical design challenges demand. TI’s technologies provide the building blocks for systems that require resilience and efficiency, from energy management systems to industrial automation.”

Accelerating innovation in intelligent outdoor systems with Husqvarna Group 
As consumers demand greater convenience and reduced maintenance through more autonomous and connected outdoor products, engineers must accelerate the transition from concept to implementation at unprecedented speeds. TI and Husqvarna Group have been collaborating to bring next-generation products to market, from smart watering solutions to robot lawn mowers. By leveraging TI’s advanced development tools, Husqvarna Group engineers can optimize every stage of the development cycle, allowing them to focus on high-value innovation: building the smart, connected solutions that set new standards for precision and ease of use.

TI at electronica 2026
At electronica 2026, TI will showcase how its analog and embedded processing products are helping innovate what’s next in intelligent systems. Demonstrations include the latest advancements in automation, automotive, sustainable energy and more. Visit ti.com/electronica for more information.

About Texas Instruments
Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, data center, personal electronics and communications equipment. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at TI.com.

Trademarks
All registered trademarks and other trademarks belong to their respective owners.

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SOURCE Texas Instruments

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New Businessolver Research Finds CEOs and CHROs Expect Empathy to Cost Them Authority

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Data shows 59% of CEOs and 51% of CHROs expect their decisions to be challenged when they lead with empathy

DENVER, Nov. 3, 2026 /PRNewswire/ — The two executives most responsible for shaping workplace culture expect to pay a price for leading with empathy. In new Businessolver research, 59% of CEOs and 51% of CHROs (or Chief People Officers) say their decisions will be challenged if they lead with empathy. Yet 99% of CEOs and 88% of CHROs believe empathy contributes to business results.

The findings come from Part 2 of Businessolver’s 2026 State of Workplace Empathy C-Suite Special Report, “Inside America’s C-suite: What happens when executives don’t feel safe?” The study of 1,000 employees and 300 C-suite executives, including CEOs, CFOs, CIOs/CTOs, and CHROs/CPOs, is part of the company’s 11th annual study on empathy at work.

Executives name the CEO as the leader with the most influence over a culture of empathy. But 43% of CEOs fear they will lose respect if they demonstrate empathy at work, and 61% say empathy is hard to demonstrate consistently in their day-to-day work.

“Executives have overwhelmingly accepted the business case for empathy, but data shows many still don’t feel safe acting on it,” said Marcy Klipfel, chief engagement officer at Businessolver. “It’s a shocking trend that so many chief people leaders feel constrained in their ability to lead with the empathy employees need. When the CEO and CHRO brace for pushback every time they lead with empathy, that tension impacts how decisions are made. And ultimately, employees feel it long before it shows up in turnover or declining productivity.”

The report also surfaced patterns that complicate how boards and HR leaders think about culture at the top:

Empathy feels riskiest where it’s needed most. 78% of executives in toxic cultures fear losing respect for showing empathy, compared with 14% in non-toxic cultures, a 64-point gap.Executives and employees disagree about who sets the tone for empathy. Just 2% of executives say non-manager employees have the most impact on workplace empathy, compared with 32% of employees.Millennial executives report the most friction putting empathy into practice. 34% say empathy gets in the way of their personal business goals, more than twice the rate of Gen X executives (16%).Employees are 1.7X more likely than executives to report a mental health issue in the past year (55% vs. 33%). Among those affected, 54% of employees report depression, compared with 12% of executives.

The report details how each C-suite role experiences coworker intimidation and mental health strain differently. Taken together, Businessolver’s C-suite reports suggest business performance can look strong even as trust and psychological safety erode below the surface.

Download the full report at https://businessolver.com/resources/2026-state-of-workplace-empathy-c-suite-special-report-p2/

About Businessolver
Since 1998, Businessolver has delivered market-changing benefits technology that empowers empathetic service supported by an intrinsic responsiveness to client needs. The company creates client programs that maximize benefits program investment, minimize risk exposure, and engage employees with easy-to-use solutions and communication tools to assist them in making wise and cost-efficient benefits selections. Founded by HR professionals, Businessolver’s unwavering service-oriented culture and secure SaaS platform provide measurable success in its mission to provide complete client delight.

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SOURCE Businessolver

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Buchanan & Edwards Wins Seven-Year Prime Contract to Support Critical National Security Missions

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New Award Expands BE’s Systems Integration and Technical Advisory Support for Critical National Security Missions

WASHINGTON, Nov. 3, 2026 /PRNewswire-PRWeb/ — Buchanan & Edwards (BE) announced today that it has been awarded a seven-year, Cost Plus Fixed Fee Level of Effort prime contract to provide systems integration, engineering, technical, and operational expertise in support of critical national security missions.

This award demonstrates the value BE brings at the intersection of technology, mission, and people.

Under the award, BE will provide highly skilled Systems Integrators (SI) and Systems Engineering Technical Advisor (SETA) professionals supporting complex mission requirements in the Chantilly, Virginia area. The work will span systems integration and interoperability, requirements development, technical analysis, program planning, risk identification and mitigation, technology assessment, and coordination across mission stakeholders.

“This is an important win for BE and a reflection of the trust our team has built through a deep understanding of our customers and their missions,” said Tara Davey, Mission Sector President at BE. “The work requires experienced professionals who can bring together technical expertise, sound analysis, and strong collaboration to help our customer navigate complex challenges and move critical mission priorities forward.”

Skilled personnel will work alongside government stakeholders to help coordinate technical activities, evaluate requirements and emerging technologies, identify and mitigate risks, and provide actionable recommendations that support informed decision-making.

“This award demonstrates the value BE brings at the intersection of technology, mission, and people,” said Chris Bellios, CEO of BE. “Winning a new seven-year prime contract is a significant milestone for our organization and reinforces the strength of our long-term growth strategy. It gives our teams the opportunity to bring the right expertise to the table, work alongside our customer, and deliver meaningful impact across missions of national importance.”

The award will create opportunities for cleared Systems Integrators, Systems Engineering and Technical Advisor professionals, engineers, analysts, and other technical specialists supporting missions in the Chantilly area.

Interested candidates can explore current opportunities at https://teambe.us/careers

About BE

Since 1998, BE has safeguarded the security and prosperity of the American people as a trusted partner to the defense, intelligence, law enforcement, and citizen services communities. We deliver unmatched technical and operational capabilities that drive mission success in today’s complex landscape. With a future-focused approach and an unwavering commitment to our clients, we design and implement solutions that strengthen, secure, and advance critical missions.

For additional information, please visit our websites at www.teambe.us

Media Contact: Scott King, sking@teambe.us

Media Contact

Scott King, Buchanan & Edwards (BE), 1 703-535-5511, sking@teambe.us, www.teambe.us

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SOURCE Buchanan & Edwards (BE)

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