Global Password Management Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global password management market in its upcoming report titled, “Global Password Management Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global password management market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global password management market report has been segmented on the basis of type, access, organization, end-use, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Passwords used as an authentication tool and denies unauthorized access. Passwords helps to protect confidential information such as emails, insurance details, bank accounts, educational record, medical records, etc. A password manager also known as shared or sensitive password management or password vaulting is a software application or hardware device used to store and manage user’s passwords and strong passwords. All the passwords are stored in encrypted format and user need to create master password to access all the stored passwords. Password management is used by organizations as well as by individuals for protecting devices and accounts. Password management helps end users to monitor, audit, secure transaction, and manage activities related to respective accounts.

Growing awareness of password management among enterprises and individuals, owing to increasing number of password protected accounts such as social, financial, medical, and official, which is a key factor expected to drive growth of the global market over the forecast period. In addition, increasing demand for password management solution among several industries, owing to increasing number of complex systems, regulatory, and risk management environment in organization is another factor expected to further fuels growth of the target market. Furthermore, stringent government rules and strict and complex password generation and changing rules in organization are the other factors expected to propel growth of this market in the near future.

Ongoing trend observed in the target market is rising adoption of password management solutions in small and medium enterprises.

Increasing cloud-based services and rising preference towards self-service password reset by Small and Medium size Business (SMB) are expected to create lucrative opportunities for players operating in the target market in the near future.

The market in North America dominates the target market in terms of revenue over the forecast period, owing to increasing applications of password management solutions across various end-use industry. The market in Asia Pacific is expected to register significant share in the target market in terms of revenue over the forecast period, owing to technological advancements and developing infrastructure in developing countries such as India, China, and Japan.

Global password management market segmentation:

Segmentation by type:

• Self-service password management
• Privileged user password management

Segmentation by access:

• Mobile devices
• Desktops & laptops
• Voice enabled password systems
• Others

Segmentation by organization:

• Small & medium organization
• Enterprise

Segmentation by end-user:

• BFSI
• Education
• Healthcare
• Manufacturing
• Public sector & utilities
• Retail & wholesale distribution
• Telecom & IT
• Others

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa