Market Share of Password Management Industry
The password management market is highly fragmented with the presence of major players like Lastpass US LP (Goto Group Inc.), 1Password (AgileBits Inc.), Dashlane Inc., Keeper Security Inc., and Avatier Corporation among others. Players in the market are adopting strategies such as partnerships, mergers, innovations, investments and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- January 2023 - Island, one of the market leaders in the Enterprise Browser market, announced the first password manager natively built into an enterprise browser, giving IT teams and employees powerful new capabilities to eliminate password abuse, help ensure organizational custody of corporate passwords, and embrace passwordless user authentication flows.
- August 2022 - 1Password released an update for its Android and iOS apps. 1Password 8 completely overhauls the appearance of mobile password management apps. The customizable home tab includes a feature of the new mobile layout that should make it simpler to locate logins, save favorites, and arrange users' passwords.
- March 2022 - LastPass, the prominent player in password management, announced a partnership with Ping Identity, including PingOneand PingFederate, to better support enterprise customers. Customers who use PingOneand PingFederate as their identity provider (IdP) can now integrate with LastPass to streamline access management and scale effective password hygiene throughout entire organizations, saving time for IT departments while maintaining the security of the data without introducing another step - or password - to the end users' workflow. With these new improvements, LastPass Business can now be used by enterprises of all sizes and has integrations with all major IdPs.
Password Manager Market Leaders
Lastpass US LP (Goto Group, Inc.)
1Password (AgileBits Inc.)
Dashlane Inc.
Keeper Security Inc.
Avatier Corporation
*Disclaimer: Major Players sorted in no particular order
