The global Password Management Market was valued at USD 1.5 Billion in 2022 and it is anticipated to grow up to USD 20.0 Billion by 2032, at a CAGR of 29.5% during the forecast period.
New York, Global Password Management Market report from Global Insight Services is the single authoritative source of intelligence on Password Management Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Password management is the process of creating, storing, and managing passwords in a secure and efficient manner. Strong passwords are essential to protecting online accounts and data, but creating and remembering multiple complex passwords can be difficult. Password management tools and techniques can help simplify the process and reduce the risk of password theft. Password management is a critical part of online security. By taking the time to create strong passwords and using a password management strategy, individuals and organizations can greatly reduce the risk of password theft and data breaches.
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Market Trends and Drivers
The growing number of internet and mobile users have a massive impact on various businesses. With the increase in internet usage, improvement in communication channels, and high speed internet,various companies are gradually implementing security measures such as user accounts to ensure accountability. Hence, these developments are driving the market. Password managers are apps that help users see and learn all the passwords stored on the device and the passwords for individual accounts. Data theft and cybercrimes are becoming a matter of concern and password management systems provide unique account identification and effective password storage facilities.
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Global Password Management Market Segmental Overview
By Type
- Self-service
- Privileged User
By Access
- Mobile
- Desktop & Laptops
- Voice Enabled Password Systems
- Others
By End-user
- Healthcare
- BFSI
- IT & Telecom
- Retail
- Education
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of World
- Latin America
- Middle East
- Africa
Major Players in the Global Password Management Market
The global market is highly competitive and fairly concentrated, with the top five companies accounting for the maximum share of global production in 2016. The market players are using strategies such as collaboration, acquisition, and new product development and launches to strengthen their positions in the market.
The key players in the Password Management Market are Avatier Corporation, CA Technologies Inc., Centrify Corporation, Core Security SDI Corporation, Dell Software, FastPassCorp A/S, Hitachi ID Systems, Inc., IBM Corporation, Knowledge Secure Systems Ltd., and Microsoft Corporation. among others.
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