Password Management Industry valued approximately USD 400 Million in 2016 is anticipated to grow with a healthy growth rate of more than 18% over the forecast period 2019-2025. The key factor which gives growth the Industry is growing adoption of password management solutions by small and medium organization. Furthermore, rising strict compliance, is encouraging application of these solutions among various end users across the globe. However, till now, success of password self-service projects is low among various end-users is a major concern among major Industry players.
Password management is not only used by enterprises, but also it is helpful for individual users like a security tool for their devices and accounts. Similarly, it is largely used by various end users to secure, monitor, manage, and audit the activities connected with privileged accounts. Now a day cyberattacks appear to become more prevalent and far reaching in their damage, further it is required for individuals and also for organizations to protect their data. Ability to transfer customer data, client files, medical records, employee files, financial records, and other valuable and sensitive information has enhanced the legal risks.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Password Management Industry Share and Size by 2019-2025
Password Management Market Segmentation:
* Self-Service Password Reset
* Privileged User Password Management
* Mobile Devices
* Voice Enabled Password Reset
By Industry vertical:
* Telecom & IT
* Energy, Oil & Gas
* Public Sector & utilities
* Retail & Wholesale Distribution
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Password Management Market are as follows:
Hitachi ID Systems