Global Password Management Market Size, Share, Growth Analysis, By Deployment(On-premises, Cloud Based), By Access(Mobile devices (smart-phones, tablets)), By Industry(Healthcare, Finance)

Description

Global Password Management Market size was valued at USD 1.75 billion in 2021 and is poised to grow from USD 2.05 billion in 2022 to USD 8.48 billion by 2030, growing at a CAGR of 17.1% in the forecast period (2023-2030).

The global password management market is experiencing significant growth due to the increasing adoption of cloud-based services and the rise in cyber-attacks. Password management solutions offer various features, such as password encryption, two-factor authentication, and centralized password management, which are driving their adoption across various industries. Additionally, the demand for self-service password reset and password synchronization solutions is also contributing to market growth. However, factors such as lack of awareness and high implementation costs are expected to hinder the market's growth.

Top-down and bottom-up approaches were used to estimate and validate the size of Adult Diapers market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report

The global password management market is segmented based on the deployment, access, industry and region. Based on the deployment, password management market is segmented into on-premises, and cloud based. Based on access, password management market is segmented into mobile devices (smart-phones, tablets), desktop & Laptop, voice enabled password systems, and others. Based on the industry, password management market is segmented into healthcare, finance and banking, government and public sector, retail, BFSI, it and telecom, and others. Based on region password management market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

The increasing use of password management solutions among small and medium-sized enterprises is a key driver of market expansion. As technology becomes more widespread, the risks associated with its use in critical situations also increase. The need for secure management of confidential data, such as financial and personal information, to prevent security breaches and server downtime caused by user and password violations on mission-critical networks is driving the adoption of password management solutions.

Restrain

There are several limitations hindering the growth and adoption of password management applications. One of these is the potential security risk posed by managing multiple IDs and passwords through such applications. A security breach from the perspective of the password manager could have severe consequences compared to a breach involving a single entity.

Trend

The rise of mobile applications has led to an increased demand for password management, as password management software can now be installed on mobile devices to ensure that only authorized users can access company data. This improves companies' ability to monitor and control mobile apps

Product Code: SQSG45E2048

Executive Summary

Market Overview
Wheel of Fortune
Research Methodology
Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Key Market Insights
Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition
Market Dynamics & Outlook
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Regulatory Landscape
Porters Analysis
Competitive rivalry
Threat of Substitute Products
Bargaining Power of Buyers
Threat of New Entrants
Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
Political Impact
Economic Impact
Social Impact
Technical Impact
Environmental Impact
Legal Impact
Global Password Management Market by Deployment
Market Overview
On-premises
Cloud Based
Global Password Management Market by Access
Market Overview
Mobile devices (smart-phones
tablets)
Desktop & Laptop
Voice Enabled Password systems
Others
Global Password Management Market by Industry
Market Overview
Healthcare
Finance
Banking
Government
Public Sector
Retail
BFSI
IT
Telecom
Others
Global Password Management Market Size by Region
Market Overview
North America
USA
Canada
Europe
Germany
Spain
France
UK
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
GCC Countries
South Africa
Rest of MEA
Competitive Landscape
Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
By Development
By Company
By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021
Key Company Profiles
1Password (AgileBits Inc.) (Canada)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Dashlane Inc. (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Keeper Security Inc. (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Avatier Corporation (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Core Security Technologies (Helpsystems LLC) (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Fastpass Corp. (Denmark)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Hitachi ID Systems Inc. (Canada)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Microsoft Corporation (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
IBM Corporation (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Cyberark Software Ltd (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Trend Micro Inc. (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
EmpowerID Inc. (Canada)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Ivanti (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Intuitive Security Systems Pty Ltd (Australia)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Steganos Software GmbH (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
AceBIT GmbH (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Siber Systems Inc (Roboform) (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Delinea Inc (Centrify Corp) (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Zoho Corporation Private Limited (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments

Global Password Management Market Size, Share, Growth Analysis, By Deployment(On-premises, Cloud Based), By Access(Mobile devices (smart-phones, tablets)), By Industry(Healthcare, Finance) - Industry Forecast 2022-2028

Description

Table of Contents

Table of Contents

Executive Summary

Parent Market Analysis