13 Jun 2019 - Global Password
Management Software Market is
anticipated to grow at a significant CAGR of 13.05% in the upcoming period as
the scope, product types, and its applications are increasing across the globe.
Passwords act as the verification tool and a defense against attempts to
unauthorized access. Password management has developed as a foremost segment of
identity management market. The factors that propel the growth of the market
include increased use of smart devices, growing synchronization, customization
& extension requirements, and strict guidelines and mandates by government’s
complex password creation.
The
market may be explored by type, access, organization, end user, and geography.
The market may be explored by type as privileged user password management and
self-service password management. The “Self-service password management”
segment led the market in 2016 and will continue to lead in the forecast
period.
Based
on access, the market could span voice-enabled password systems, desktops &
laptops, mobile devices, and others. The “Desktops & laptops” segment led
the market in 2016 and will continue to lead in the forecast period owing it
use to secure, monitor, audit and manage all activities associated to
privileged accounts.
The
market could be explored based on organization as Enterprise and Small &
medium organization. The “small & medium organization” segment led the
password management software market in 2017 and will continue to lead in the
forecast period. The key factors that may attributed to the growth of market includes
strict compliance mandate and increasing threat have bound them to use suitable
security measures.
The
market could span as the end user as healthcare, education, BFSI, public sector
& utilities, manufacturing, telecom & IT, retail & wholesale distribution,
and others. The “BFSI” segment led the market in 2016 and will continue to lead
in the forecast period.
North
America accounted for the major share of the password management software
market in 2016 and will continue to lead in the forecast period. The factors
that could be attributed to the growth include increasing applications of
password management solutions across end-user industries and continuous
technological advancements in fields of analytics. Furthermore, cloud and BYOD
trends are anticipated to offer a substantial push to the regional market.
North America is followed by the Asia-Pacific region.
Some
of the key players that fuel the growth of the password management software
market comprise CA Technologies, Inc., Avatier, Dell Sonicwall, Courion
Corporation, Hitachi ID Systems, Fast Pass Corp., Microsoft Corp., IBM Corp.,
NetIQ Corp., and SailPoint Technologies and among others. The leading companies
are taking up partnerships, mergers and acquisitions, and joint ventures in
order to boost the inorganic growth of the industry.
Market Segment:
This report focuses on the global top
players, covered
•
TeamPassword
•
SplashData
•
Web Active Directory
•
Siber Systems
•
SysOp Tools
•
Passpack
•
Zoho
•
Kaspersky Lab
•
ManageEngine
•
SaferPass
•
Trend Micro
•
Bluink
Market segment by Regions/Countries,
this report covers
•
United States
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
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