Password management is generally referred as a software application used to store and safeguard the person’s password and all stored passwords are encrypted. Global password management market size was valued at $0.51 Billion in 2017 and is estimated to reach $1.922 billion by 2025 with the CAGR of 18.01% during 2019-2025. The factors that are driving the market growth are increasing ways of password resetting, continuous reduce in cost with help desk, strict compliance mandates and growing instance attacks from hackers. However, rising synchronisation, customisation & extension requirements and less success rate of projects on password self-service are hindering the market growth. Providing attractive pricing offers, increasing cloud based market and growing adoption rate of SSPR solutions across SMBs are the future drivers expected to enhance the market growth during the forecast period 2019 – 2025.
Research Study Objectives:
- Define, estimate, and forecast the password management market statistics by type, technology access type, deployment mode, organisation size, end users and regions concerning the individual growth drivers, market trends and their contribution toward the password management market growth.
- Provides comprehensive information regarding the key factors influencing the market growth (drivers, restraints & challenges, and opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (mergers and acquisitions), partnerships, and product innovations are provided in the password management market analysis report.
- Analysis and conclusions on the future password management market outlook.
Top-down and bottom-up approaches are used to validate the password management market size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases
including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The password management market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the password management market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The password management market segmentation is as follows:
By Type
- Privileged User Password Management
- Self-Service Password Reset
By Technology Access Type
- Mobile Devices
- Voice Enabled Password Reset
- Desktop
By Deployment Mode
By Organisation Size
- Small Sized Businesses
- Medium Sized Businesses
By End Users
- Banking, Financial Service, Insurance (BFSI)
- Public Sector & Utilities
- Energy, Oil & Gas
- Telecom & IT
- Manufacturing
- Education
- Healthcare
- Retail & Wholesale Distribution
- Others
Geographical Analysis:
Password management market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia
& New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customizations Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the password management market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Password Management Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant password management, such as
- App Associates LLC
- IBM Corporation
- Hitachi ID Systems, Inc.
- Micro Focus International PLC
- CA Technologies, Inc.
Along with these companies, many other companies are considered in the report while analysing the global password management market competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
