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Privileged Access Management (PAM) is a subcategory within the broader IT security market focusing on controlling and monitoring access to critical organizational resources. It encompasses cybersecurity strategies and technologies for exerting control over the enhanced access, or privileges, often granted to users, accounts, processes, and systems. PAM solutions are designed to prevent security breaches by securing, managing, and monitoring privileged accounts and access. These solutions often include password management, session recording, privileged user analytics, and fine-grained access control mechanisms to guard against internal and external threats. As IT environments become more complex with cloud services, virtualization, and mobile computing, the need for robust PAM solutions increases to protect sensitive data and comply with regulatory requirements.
Several companies operate within the PAM market, offering a variety of products and services to accommodate the diverse needs of different organizations. Some of these companies include CyberArk, which specializes in providing a comprehensive suite of privileged account security solutions; Thycotic, known for its Secret Server product that manages and protects privileged accounts; BeyondTrust, offering solutions that cover privilege management and vulnerability management; and Centrify, which delivers identity-centric PAM based on Zero Trust principles. Other notable companies in the market include One Identity, which caters to identity governance and access management, and Ivanti, which offers a range of IT security solutions, including PAM. Show Less Read more