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
Banking, Financial Services, and Insurance (BFSI) remain 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 an inclination toward using password management solutions as their first line of defense. The adoption of password management solutions is bound to surge across a wide range of verticals, driving market growth in the coming years.
The global password management market is 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 in 2017, followed by Europe. 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 the result of regulations, laws, and mandates that support the deployment of identity and access management solutions across large enterprises as well as SMEs.
On the flip side, Asia Pacific is presumed to register stronger growth over the forecast period. With multitudes 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.
Periods of History and Forecast
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. The CAGR (compound annual growth rate) for each segment and sub-segment is calculated for the forecast period from 2018 to 2026.
Key questions are answered in this report.
What was the size of the global password management market in 2016 and 2017?
What are the estimated forecast and market projections up to 2026?
Which is the largest regional market for password management solutions?
Which end-use vertical has the largest penetration of password management solutions?
What are the dominant trends influencing the global password management market?
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?
Frequently Asked Question:
The market for Password Management Market is expected to reach US$ XX in 2026.
The Password Management Market is expected to see significant CAGR growth over the coming years, at XX.
The report is forecasted to 2018-2026.
The base year of this report is 2017.
Courion Corporation, Fastpass Corporation, Sonicwall, Hitachi ID Systems, IBM Corporation, NetIQ, Microsoft Corporation, Splash Data .are some of the major players in the global market.
