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The Password Management Market can be segmented by Solution Type (Self-service Password Management and Privileged User Password Management), Technology Type (Desktop, Mobile Devices, and Voice-enabled Password Reset), End User (BFSI, Manufacturing, and IT and Telecommunication), and Geography.
Fastest Growing Market:
The Password Management Market was valued at USD 1.05 billion in 2019 and is expected to reach USD 2.98 billion by 2025, at a CAGR of 19% over the forecast period 2020 - 2025. According to the cybersecurity ventures, the total number of passwords may grow to 300 billion, by 2020. Organizations, across the world, face a massively increasing cybersecurity risk from hacked or compromised user and privileged accounts. To counter this, password management is predicted to be a prominent field.
Password management is a software solution that supports in the organization and storing of passwords. Password management has emerged as a major segment of the identity management market. Human-generated passwords are often algorithmically weak and prone to attacks. Password management is not only helpful for people, but is also helpful for different enterprises, such as small-sized businesses, medium-sized businesses, and large-sized businesses, as a tool for information and governance security. They are also used to audit, secure, manage, and monitor all activities connected with their privileged accounts.
|By Solution Type|
|Self-service Password Management|
|Privileged User Password Management|
|By Technology Type|
|Voice-enabled Password Reset|
|By End User|
|IT and Telecommunication|
|Other End Users|
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The market for password management is concentrated with players, like Avatier, CA Technologies, and Core Security Technologies, dominating the market. This is because, password is a security tool, and users are skeptical regarding experimenting with new/unknown password managers.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Government Mandates Regarding Password Creation and Management is Driving the Market Growth
4.4 Market Restraints
4.4.1 Exposure of User Credentials in Computer Memory, while Locked, is Hindering the Market Growth
4.5 Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Solution Type
5.1.1 Self-service Password Management
5.1.2 Privileged User Password Management
5.2 By Technology Type
5.2.2 Mobile Devices
5.2.3 Voice-enabled Password Reset
5.3 By End User
5.3.3 IT and Telecommunication
5.3.4 Other End Users
5.4.1 North America
220.127.116.11 United States
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
5.4.4 Latin America
126.96.36.199 Rest of Latin America
5.4.5 Middle East & Africa
188.8.131.52 United Arab Emirates
184.108.40.206 Saudi Arabia
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Avatier Corporation
6.1.2 Broadcom inc. (CA Technologies)
6.1.3 Core Security Technologies
6.1.4 SonicWall Inc.
6.1.5 Fastpass Corp.
6.1.6 Hitachi ID Systems Inc.
6.1.7 Microsoft Corporation
6.1.8 IBM Corporation
6.1.9 Micro Focus Inc.
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability