Password Management Market By Type (Self-Service Password Management, Privileged User Password Management), By End-use Vertical (BFSI, It & Telecom, Government & Public Sector, Retail, Education, Healthcare, Others), By Applicable System Type (Desktop, Mobile Devices, Voice-enabled Password Systems, Other Devices) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

"Demand from BFSI Industry to Drive Growth Prospects"

Banking, Financial Services and Insurance (BFSI) remains the largest value contributing end-use segment in the global password management market. The dominance of the BFSI segment will continue throughout the forecast period. In a bid to ensure data confidentiality and security, organizations and institutions offering BFSI services use password management solutions that help them monitor, identify, control, and defy data breaches. With digitalization and continually evolving business models worldwide, it has become imperative for organizations to ensure data is kept safe and secured using passcode management processes. Many firms, especially large enterprises have shown inclination towards use of password management solutions as their first line of defense. Adoption of password management solutions is bound to surge across wide range of verticals, driving market growth in the coming years.

The global password management market expected to expand at a CAGR of 14.5% during the forecast period from 2018 to 2026. The anticipated growth in demand for.

"North America to Dominate, Asia Pacific to Register Strong Growth"

In terms of value contribution, North America led the global password management market followed by Europe in 2017. The value contribution of North America in the global password management market stood at around 36% in the same year. The U.S. represents the largest individual password management market worldwide. This dominance is on the back of regulations, laws and mandates that support deployment of identity and access management solutions across large enterprises as well as SMEs. On the flipside, Asia Pacific is presumed to register stronger growth over the forecast period. With multitude of industries embracing information technology, demand for security solutions including password management solutions will surge in Asia Pacific during the forecast period.

Key Players:

The global password management market is moderately fragmented and competitive. Some of the major vendors profiled in the research report include CA Technologies, Avatier, Courion Corporation, Fastpass Corporation, Sonicwall, Hitachi ID Systems, IBM Corporation, Netiq, Microsoft Corporation, SplashData, Inc., Zoho Corporation, and Sailpoint Technologies among others.

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2016 to 2026, considering 2017 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

Key segments covered in the report are as follows:

Key questions answered in this report

• What was the global password management market size in 2016 & 2017?
• What is estimated forecast and market projections up to 2026?
• Which is largest regional market for password management solutions?
• Which end-use vertical has the largest penetration of password management solutions?
• Predominant trends shaping the global password management market worldwide?
• Which is the most attractive, promising, and less-explored variant of password management?
• Who are the leading manufacturers of explosion proof equipment worldwide?
• What are the key strategies adopted by the leading vendors in the global password management market?