The privileged identity management market was valued at US$1,559.091 million in 2018 and is expected to grow at a CAGR of 23.44% over the forecast period to reach a total market size of US$5,515.780 million by 2024. Privileged Identity Management (PIM) works with consistent observing and insurance of superuser accounts to guarantee that more noteworthy access capacities of such records are not abused and information security isn't undermined. Rigid guidelines in numerous regions with respect to data security are further pushing the ventures towards receiving PIM solutions, accordingly boosting the development of the market.