DUBLIN, Sept. 13, 2023 /PRNewswire/ — The “Password Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
The global password management market witnessed a remarkable growth in 2022, reaching a market size of US$ 2,159 Million. Anticipating the future, experts predict an astounding surge to US$ 9,189 Million by 2028, showcasing a robust Compound Annual Growth Rate (CAGR) of 27.7% during 2023-2028.
In today’s digital landscape, safeguarding sensitive data is paramount. Passwords serve as the first line of defense, and password management solutions are vital for securing these critical access points. Password management software assists in organizing and securing passwords across IT infrastructures, making them indispensable for information security and governance.
The rise of cloud computing, IoT, and digital frameworks worldwide has driven the adoption of password management solutions. Enterprises, in particular, are turning to these systems for cost-effective and time-saving benefits, including automated password resets, passcode randomization, and session recordings. With the surge in online transactions, password management plays a pivotal role in protecting online information and combating online fraud.
Stringent cybersecurity measures, including complex password generation rules, have further fueled the adoption of password management systems. As security breaches by hackers continue to rise, these systems, whether on-premise or in the cloud, are becoming indispensable.
The latest report from [Publisher Name] delves deep into the global password management market, covering macro and micro aspects, recent trends, key drivers, challenges, SWOT analysis, Porter’s five forces analysis, and value chain analysis. This comprehensive report is a must-read for industry players, investors, researchers, consultants, and business strategists looking to enter the password management market.
Key Market Segmentation:
Type:
Self-Service Password ManagementPrivileged User Password ManagementAccess:
Mobile Devices and TabletsDesktop and LaptopsVoice Enabled Password SystemsOthersDeployment Type:
On-PremiseHostedEnd-User:
Small and Medium Sized OrganizationsLarge OrganizationsOthersVertical:
HealthcareBFSIPublic SectorIT & TelecomRetail & Consumer GoodsEducationOthersRegion:
North AmericaUnited StatesCanadaEuropeGermanyFranceUnited KingdomItalySpainRussiaOthersAsia PacificChinaJapanIndiaSouth KoreaAustraliaIndonesiaOthersLatin AmericaBrazilMexicoArgentinaColombiaChilePeruOthersMiddle East and AfricaTurkeySaudi ArabiaIranUnited Arab EmiratesOthersCompetitive Landscape:
The competitive landscape of the industry features prominent players including Avatier Corporation, CA Technologies (Broadcom Inc.), Centrify Corporation, Core Security Technologies, FastPassCorp A/S, Google LLC, Hitachi ID Systems, Inc., International Business Machines (IBM) Corporation, Microsoft Corporation, Micro Focus International PLC, NetIQ Corporation, SailPoint Technologies Inc., and SonicWall Inc.
Key Questions Answered in This Report:
How has the global password management market performed so far and how will it perform in the coming years?What are the key regional markets?What has been the impact of COVID-19 on the global password management market?What is the breakup of the market based on the type?What is the breakup of the market based on the access?What is the breakup of the market based on the deployment type?What is the breakup of the market based on the end-user?What is the breakup of the market based on the vertical?What are the various stages in the value chain of the industry?What are the key driving factors and challenges in the market?What is the structure of the global password management market and who are the key players?What is the degree of competition in the market?Key Attributes:
Report Attribute
Details
No. of Pages
145
Forecast Period
2022 – 2028
Estimated Market Value (USD) in 2022
$2569 Million
Forecasted Market Value (USD) by 2028
$9189 Million
Compound Annual Growth Rate
23.7 %
Regions Covered
Global
For more information about this report visit https://www.researchandmarkets.com/r/2u9s01
About ResearchAndMarkets.comResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.com For E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716
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View original content:https://www.prnewswire.com/news-releases/global-password-management-market-hits-2-2-billion-in-2022–signaling-the-crucial-role-of-cybersecurity-301926137.html
SOURCE Research and Markets
DUBLIN, Sept. 13, 2023 /PRNewswire/ — The “Password Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
The global password management market witnessed a remarkable growth in 2022, reaching a market size of US$ 2,159 Million. Anticipating the future, experts predict an astounding surge to US$ 9,189 Million by 2028, showcasing a robust Compound Annual Growth Rate (CAGR) of 27.7% during 2023-2028.
In today’s digital landscape, safeguarding sensitive data is paramount. Passwords serve as the first line of defense, and password management solutions are vital for securing these critical access points. Password management software assists in organizing and securing passwords across IT infrastructures, making them indispensable for information security and governance.
The rise of cloud computing, IoT, and digital frameworks worldwide has driven the adoption of password management solutions. Enterprises, in particular, are turning to these systems for cost-effective and time-saving benefits, including automated password resets, passcode randomization, and session recordings. With the surge in online transactions, password management plays a pivotal role in protecting online information and combating online fraud.
Stringent cybersecurity measures, including complex password generation rules, have further fueled the adoption of password management systems. As security breaches by hackers continue to rise, these systems, whether on-premise or in the cloud, are becoming indispensable.
The latest report from [Publisher Name] delves deep into the global password management market, covering macro and micro aspects, recent trends, key drivers, challenges, SWOT analysis, Porter’s five forces analysis, and value chain analysis. This comprehensive report is a must-read for industry players, investors, researchers, consultants, and business strategists looking to enter the password management market.
Key Market Segmentation:
Type:
Self-Service Password ManagementPrivileged User Password Management
Access:
Mobile Devices and TabletsDesktop and LaptopsVoice Enabled Password SystemsOthers
Deployment Type:
On-PremiseHosted
End-User:
Small and Medium Sized OrganizationsLarge OrganizationsOthers
Vertical:
HealthcareBFSIPublic SectorIT & TelecomRetail & Consumer GoodsEducationOthers
Region:
North AmericaUnited StatesCanadaEuropeGermanyFranceUnited KingdomItalySpainRussiaOthersAsia PacificChinaJapanIndiaSouth KoreaAustraliaIndonesiaOthersLatin AmericaBrazilMexicoArgentinaColombiaChilePeruOthersMiddle East and AfricaTurkeySaudi ArabiaIranUnited Arab EmiratesOthers
Competitive Landscape:
The competitive landscape of the industry features prominent players including Avatier Corporation, CA Technologies (Broadcom Inc.), Centrify Corporation, Core Security Technologies, FastPassCorp A/S, Google LLC, Hitachi ID Systems, Inc., International Business Machines (IBM) Corporation, Microsoft Corporation, Micro Focus International PLC, NetIQ Corporation, SailPoint Technologies Inc., and SonicWall Inc.
Key Questions Answered in This Report:
How has the global password management market performed so far and how will it perform in the coming years?What are the key regional markets?What has been the impact of COVID-19 on the global password management market?What is the breakup of the market based on the type?What is the breakup of the market based on the access?What is the breakup of the market based on the deployment type?What is the breakup of the market based on the end-user?What is the breakup of the market based on the vertical?What are the various stages in the value chain of the industry?What are the key driving factors and challenges in the market?What is the structure of the global password management market and who are the key players?What is the degree of competition in the market?
Key Attributes:
Report Attribute
Details
No. of Pages
145
Forecast Period
2022 – 2028
Estimated Market Value (USD) in 2022
$2569 Million
Forecasted Market Value (USD) by 2028
$9189 Million
Compound Annual Growth Rate
23.7 %
Regions Covered
Global
For more information about this report visit https://www.researchandmarkets.com/r/2u9s01
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/global-password-management-market-hits-2-2-billion-in-2022–signaling-the-crucial-role-of-cybersecurity-301926137.html
SOURCE Research and Markets
