The global password management market exhibited strong growth during 2015-2020.
A password is a series of characters that allows access to a service or device while offering a line of protection against unauthorized access. Password management is a software solution that assists in managing and organizing passwords present on a server, network appliance and a computer system of an IT infrastructure. It is primarily used as a tool for information security and governance by the end users to audit, secure, manage and monitor activities associated with privileged accounts. These software systems are not only restricted to enterprises but are also used by individuals as a security tool. They protect against cyber-attacks and safeguard sensitive data, files, financial records and legal information.
The emergence of cloud computing, Internet of Things (IoT) and other digital frameworks across the globe is the key factor driving the growth of the market. Password management solutions are increasingly being adopted by global enterprises to reset and manage their passcodes conveniently. Owing to the cost-effective and timesaving features, the systems are being widely used for automated password resets, frequent passcode randomization and session recordings. Furthermore, with an increasing number of online transactions conducted through the internet, passcode management has become crucial for protecting online information and preventing online frauds. Additionally, resulting from the growing concern for cybersecurity, various stringent and complex password generation rules have been implemented, which is further favoring the adoption of password management systems across the globe. Rising instances of security breaches by hackers have enhanced the adoption of password management systems that are deployed either on-premise or over the cloud. Looking forward, the global password management market is expected to grow at a CAGR of around 16% during 2021-2026.
This latest report provides a deep insight into the global password management market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the password management market in any manner.
Breakup by Type: Self-Service Password Management Privileged User Password Management
Breakup by Access: Mobile Devices and Tablets Desktop and Laptops Voice Enabled Password Systems Others
Breakup by Deployment Type: On-Premise Hosted
Breakup by End-User: Small and Medium Sized Organizations Large Organizations Others
Breakup by Vertical: Healthcare BFSI Public Sector IT & Telecom Retail & Consumer Goods Education Others
Breakup by Region: North America United States Canada Europe Germany France United Kingdom Italy Spain Russia Others Asia Pacific China Japan India South Korea Australia Indonesia Others Latin America Brazil Mexico Argentina Columbia Chile Peru Others Middle East and Africa Turkey Saudi Arabia Iran United Arab Emirates Others
Competitive Landscape: The competitive landscape of the industry has also been examined with some of the key players being Avatier, CA Technologies, Centrify, Core Security Technologies, FastPassCorp, Google Inc., Hitachi ID Systems Inc., IBM, Microsoft Corporation, Micro Focus, NetIQ Corp., SailPoint Technologies, SonicWall, etc.
Key Questions Answered in This Report: How has the global password management market performed so far and how will it perform in the coming years? What are the key regional markets? What has been the impact of COVID-19 on the global password management market? What is the breakup of the market based on the type? What is the breakup of the market based on the access? What is the breakup of the market based on the deployment type? What is the breakup of the market based on the end-user? What is the breakup of the market based on the vertical? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the market? What is the structure of the global password management market and who are the key players? What is the degree of competition in the market?
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Internet Of Things
Number Of Enterprises
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