Global Password Management Market
The global Password Management market was valued at USD 1.9 billion in 2021 which expected to reach USD 3.5 billion by 2027 at a CAGR 17.6 % from 2021-2027.
A password is a string of letters and numbers that allows you to access a service or device while keeping unauthorized users out. Password management software can help IT managers manage and organize passwords on servers, network appliances, and computer systems. End users often utilize it as an information security and governance tool to audit, secure, control, and monitor privileged account actions. Individuals utilize these software packages as a security measure as well as companies. They guard against cyber-attacks on essential data, files, financial records, and legal documents.
Market Drivers
The number of internet and mobile users is growing.
As the number of internet and mobile users increases, so does the demand for end users to create multiple profiles. Furthermore, in order to promote accountability, firms are progressively introducing security measures such as user accounts. As a result of these advancements, there is a greater demand for password management software.
Market Restraint
Security and privacy risks
All passwords on the device are read and stored by the password management programme. Because the system saves all passwords in a single memory, an assault on these systems is a major risk. This virus attack can read all passwords, causing memory impairment. One of the causes for this is a decline in the password management business.
Impact of COVID-19
The COVID-19 outbreak, there has been a considerable surge in cyber-attacks that have had a harmful impact on people, businesses, and organizations. As a result, some affected companies are now paying money to upgrade antiquated data and password management systems. The worldwide password management industry is thus projected to be driven by the threat of cyber-attacks, which is expected to last longer than the COVID-19 pandemic.
Market Segmentation
The Global Password Management Market is segmented into Type, Access Organization, and End-user. Based on the Organization, the market is segmented into Small & medium organization, Enterprise. Further, market is segmented into The End-user, the market is segmented into BFSI, Education, Healthcare, Manufacturing, Public sector & utilities, Retail & wholesale distribution, Telecom & IT, Others. By Access, Mobile devices, Desktops & laptops, Voice-enabled password systems, Others
Regional Analysis
Global Password Management Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America has the largest market share and because of the increasing use of password management solutions across end-use industries Furthermore, continuous technological improvements in analytics, cloud, and BYOD trends are projected to provide a considerable boost to the regional industry.
China, India, and Japan are driving the Asia-Pacific region's growth. In response to escalating cyber-attacks, China's defence capabilities have been strengthened. This is going to enhance the importance of security solutions such as password management in order to prevent illegal access.
The Japanese government and private sector are getting more interested in cybersecurity. Increased cyber-attacks on Japanese businesses, particularly identity theft, have spurred the government to enact new laws, methods, and facilities.
Key Players
Various key players are listed in this report such as Avatier, CA Technologies, Courion Corporation, Dell Sonicwall, Fastpass Corp, Hitachi ID Systems, IBM, NetIQ, Microsoft, Sailpoint Technologies., Zoho Corporation Pvt. Ltd, Centrify Corporation
Market Taxonomy
By Type
By Access
By Organization
By End-user
By Region
Key Questions Addressed by the Report
Global Password Management Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Password Management Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Password Management Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Password Management Market Share Analysis, By Type
5.3 Global Password Management Market Size and Forecast, By Type
5.3.1 Self-service password management
5.3.2 Privileged user password management
6 Global Password Management Market, By Access
6.1 Y-o-Y Growth Comparison, By Access
6.2 Global Password Management Market Share Analysis, By Access
6.3 Global Password Management Market Size and Forecast, By Access
6.3.1 Mobile devices
6.3.2 Desktops & laptops
6.3.3 Voice-enabled password systems
6.3.4 Others
7 Global Password Management Market, By Organization
7.1 Y-o-Y Growth Comparison, By Organization
7.2 Global Password Management Market Share Analysis, By Organization
7.3 Global Password Management Market Size and Forecast, By Organization
7.3.1 Small & medium organization
7.3.2 Enterprise
8 Global Password Management Market, By End-user
8.1 Y-O-Y Growth Comparison, By End-user
8.2 Global Password Management Market Share Analysis, By End-user
8.3 Global Password Management Market Size and Forecast, By End-user
8.3.1 BFSI
8.3.2 Education
8.3.3 Healthcare
8.3.4Manufacturing
8.3.5 Public sector & utilities
8.3.6 Retail & wholesale distribution
8.3.7 Telecom & IT
8.3.8 Others
9 Global Password Management Market, By Region
9.1 Global Password Management Market Share Analysis, By Region
9.2 Global Password Management Market Share Analysis, By Region
9.3 Global Password Management Market Size and Forecast, By Region
10 North America Password Management Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 North America Password Management Market Share Analysis, By Type
10.3 North America Password Management Market Size and Forecast, By Access
10.4 North America Password Management Market Size and Forecast, By Organization
10.5 North America Password Management Market Size and Forecast, By End-user
10.6 North America Password Management Market Size and Forecast, By Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
11 Europe Password Management Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Europe Password Management Market Share Analysis, By Type
11.3 Europe Password Management Market Size and Forecast, By Access
11.4 Europe Password Management Market Size and Forecast, By Organization
11.5 Europe Password Management Market Size and Forecast, By End-user
11.6 Europe Password Management Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4. Rest of Europe
12 Asia Pacific Password Management Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Asia Pacific Password Management Market Share Analysis, By Type
12.3 Asia Pacific Password Management Market Size and Forecast, By Access
12.4 Asia Pacific Password Management Market Size and Forecast, By Organization
12.5 Asia Pacific Password Management Market Size and Forecast, By End-user
12.6 Asia Pacific Password Management Market Size and Forecast, By Country
12.6.1 China
12.7.2 Japan
12.8.3 India
12.9.4. Rest of Asia Pacific
13 Latin America Password Management Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Latin America Password Management Market Share Analysis, By Type
13.3 Latin America Password Management Market Size and Forecast, By Access
13.4 Latin America Password Management Market Size and Forecast, By Organization
13.5 Latin America Password Management Market Size and Forecast, By End-user
13.6 Latin America Password Management Market Size and Forecast, Country
13.7.1. Brazil
13.8.2. Rest of Latin America
14 Middle East Password Management Market Analysis and Forecast (2021-2027)
14.1 Introduction
14.2 Middle East Password Management Market Share Analysis, By Type
14.3 Middle East Password Management Market Size and Forecast, By Access
14.4 Middle East Password Management Market Size and Forecast, By Organization
14.5 Middle East Password Management Market Size and Forecast, By End-user
14.6 Middle East Password Management Market Size and Forecast, By Country
14.7.1. Saudi Arabia
14.8.2. UAE
14.9.3. Egypt
14.10.4. Kuwait
14.11.5. South Africa
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Avatier
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. CA Technologies
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. Courion Corporation
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Dell Sonicwall
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Fastpass Corp
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Hitachi ID Systems
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 IBM
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 NetIQ
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Microsoft
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Sailpoint Technologies
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
