The Password Manager Software Market, global revenue is expected to top US$ 1.55 Billion in 2022, with the market projected to register impressive growth at 14.2% CAGR through 2030.
The Global Password Manager Software Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030. The market growth is supported by various growth factors and major market determinants. The market research report includes the analysis of the market based on geographical segmentation and market segmentation. The Global Password Manager Software Market report is a valuable source of insightful statistics for business strategists. This Report offers an industry overview with historic and future cost and growth analysis, revenue, demand, and supply data. Our analyst offers a comprehensive overview of the value chain and analysis of your distributor. This market study provides comprehensive data that enhances the understanding, scope, and application of this report.
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The login information for individual accounts is stored by password manager software. Your passwords are encrypted by this software using robust encryption methods that are challenging for hackers to decrypt. All passwords, licence numbers, and other confidential information that users want to keep private are stored in password managers. Additionally, password management software conducts a security analysis on your complete list of user passwords and notifies you of any weak passwords that need to be changed. As a result, more people are using password management tools to guard against account hacking.
Additionally, the demand for password management solutions is rising as a result of growing worries about password security caused by an increase in hacker assaults. Industry participants are very concerned about the low success rate of password self-service initiatives among end users so far.
Top Leading Companies of Global Password Manager Software Market are LastPass, 1Password, Okta, Keeper, KeePass, Dashlane Business, RoboForm, TeamPassword, True Key, Enpass, Avatier, Thycotic Secret Serverand, Zoho CorporationFastPassCorps and Others, and others., and others.
Report Segments are:
On the Basis of Type:
- Cloud-Based
- Web Based
On the Basis of Application:
- Large Enterprises
- SMEs
By End-User
- BFSI
- IT & Telecom
- Retail
- Education
- Healthcare
- Energy & Power
- Others
Industry Development:
In June 2020, Zoho Corporation introduced the Security Information and Event Management integrations in Zoho Vault, which is Zoho’s password management application, helping businesses securely store, share, and manage passwords from remote locations. This integration can help IT, administrators, by pushing all password-related logs from Zoho Vault to SIEM service, automating security workflows based on pre-defined conditions, securing confidential data, and complying with regulatory mandates such as HIPAA, PCI DSS, FISMA, SOX, GDPR, and ISO 27001.
In November 2022, FastPassCorps released its updated Identity Verification Client (IVC) version 4. It is a complement to and substitutes for FPR, IVC provides a smart procedure that specifies how each employee’s identification can be validated before issuing a new password.
Global Password Manager Software Market: Regional Analysis
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The market for password manager software is anticipated to expand in North America. Governments have been compelled to take specific actions to implement password management solutions as a result of rising cyber threats and attacks. For instance, in 2018 the National Institute of Standards and Technology (NIST) USA released new certification guidelines for managing strong passwords on a regular basis. Additionally in 2019, NIST released new recommendations to boost American manufacturing and innovation competitiveness by leveraging current scientific, technological, and standardisation advancements. This will boost the nation’s output and security while encouraging the adoption of security solutions across all industries.
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Years considered for this report:
Historical Years: 2017-2021
Base Year: 2022
Estimated Year: 2022
Forecast Period: 2023-2030
Important Sections from the Table of Contents:
- Global Password Manager Software Market Overview
- Economic Impact on Industry
- Market Competition by Manufacturers
- Production, Revenue (Value) by Region
- Supply (Production), Consumption, Export, Import by Regions
- Production, Revenue (Value), Price Trend by Type
- Market Analysis by Application
- Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Global Password Manager Software Market Forecast
Related Sources:
Remote Sensing Services – https://www.digitaljournal.com/pr/news/remote-sensing-services-market-competitive-research-and-precise-outlook-2023-to-2030-cagr-of-14-31-during-the-forecast-period
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