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Global Password Management Market to reach USD 2906.6 million by 2028.

Global Password Management Market Size study, by Type (Self-service, Privileged User) by Access Type (Desktops & Laptops, Mobile Devices, Voice-enabled password systems, Others), by Organization Type (Small & Medium organization, Enterprise), By End-User Type (BFSI, Education, Healthcare, Manufacturing, Public sector & Utilities, Retail & Wholesale distribution, Telecom & IT, Others) and Regional Forecasts 2022-2028

Product Code: ICTNS-39754603
Publish Date: 5-07-2022
Page: 200

Global Password Management Market is valued approximately USD 840 million in 2021 and is anticipated to grow with a healthy growth rate of more than 19.40% over the forecast period 2022-2028. Password management is useful not just for businesses, but also for individual users as a security solution for their accounts and devices. End users also utilize it extensively to audit, safeguard, monitor, and control the actions connected with privileged accounts. These solutions can meet organizational requirements such as syncing a single password across all access accounts for a person or arming IT service desks with a centralized platform for handling password service requests. The rising danger of data theft in important areas such as healthcare, government, and financial services is likely to provide the industry a boost. One of the primary factors driving market growth is the increasing usage of password management solutions by small and medium-sized businesses. Furthermore, the increasingly complicated compliance, regulatory, and risk management environments in enterprises stimulate the use of these solutions across sectors worldwide. As cyberattacks appear to grow more common and damaging, it is becoming increasingly important for people and companies to secure their data. Transferring client files, customer data, employee files, financial records, medical records, and other sensitive and valuable information has raised legal dangers. LogRhythm and REAL Security will collaborate in May 2022 to assist businesses in the Adriatic zone in identifying and managing cyber risks. The collaboration broadens LogRhythm’s reach in south-east Europe while also bringing world-class security operations capabilities to real security. CyberRes purchased Debricked in March 2022, a programmer opensource intelligence firm promising to revolutionize how organizations secure their software supply chain for the future. Mobile devices are expected to be the fastest-growing market over the projected period. With the rise of BYOD in enterprises, maintaining and safeguarding several accounts, including official, social, and financial, has become complex. However, the downside of enabling access to all dangerous elements such as viruses stifles market growth over the projection period of 2022-2028.

The key regions considered for the Global Password Management Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America emerged as the market leader. The region’s market is predicted to increase significantly due to the increasing applications of password management solutions across end-use industries. Furthermore, continuous technological improvements in analytics, cloud, and BYOD trends are projected to offer a considerable boost to the regional industry. Asia Pacific is expected to grow at a rapid pace throughout the projection period, owing to the region’s growing base of small and medium-sized businesses. Countries such as India, China, and Japan have had rapid economic expansion. Furthermore, a growing technological user base and fast increasing infrastructure are propelling the industry.

Major market player included in this report are:
Avatier Corporation
CA Technologies Inc.
Centrify Corporation
Core Security SDI Corporation
Dell Software
FastPassCorp A/S
Hitachi ID Systems, Inc.
IBM Corporation
Knowledge Secure Systems Ltd.
Microsoft Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Privileged User
By Access Type:
Desktops & Laptops
Mobile Devices
Voice-enabled password systems
By Organization Type:
Small & Medium organization
By End-User Type:
Public sector & Utilities
Retail & Wholesale distribution
Telecom & IT
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Password Management Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Password Management Market, by Region, 2020-2028 (USD Million)
1.2.2. Password Management Market, by Type, 2020-2028 (USD Million)
1.2.3. Password Management Market, by Access Type, 2020-2028 (USD Million)
1.2.4. Password Management Market, by Organization Type, 2020-2028 (USD Million)
1.2.5. Password Management Market, by End User Type, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Password Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Password Management Market Dynamics
3.1. Password Management Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increasing adoption of password management solutions by small and medium enterprises Growing number of internet and mobile users
3.1.2. Market Challenges Disadvantage of allowing access to all malicious elements such as viruses
3.1.3. Market Opportunities Emergence of the Internet of Things (IoT), cloud technology, and other digital frameworks within the processes.
Chapter 4. Global Password Management Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Password Management Market, by Type
6.1. Market Snapshot
6.2. Global Password Management Market by Type, Performance – Potential Analysis
6.3. Global Password Management Market Estimates & Forecasts by Type 2018-2028 (USD Million)
6.4. Password Management Market, Sub Segment Analysis
6.4.1. Self-service
6.4.2. Privileged User
Chapter 7. Global Password Management Market, by Access Type
7.1. Market Snapshot
7.2. Global Password Management Market by Access Type, Performance – Potential Analysis
7.3. Global Password Management Market Estimates & Forecasts by Access Type 2018-2028 (USD Million)
7.4. Password Management Market, Sub Segment Analysis
7.4.1. Desktops & Laptops
7.4.2. Mobile Devices
7.4.3. Voice-enabled password systems
7.4.4. Others
Chapter 8. Global Password Management Market, by Organization Type
8.1. Market Snapshot
8.2. Global Password Management Market by Organization Type, Performance – Potential Analysis
8.3. Global Password Management Market Estimates & Forecasts by Organization Type 2018-2028 (USD Million)
8.4. Password Management Market, Sub Segment Analysis
8.4.1. Small & Medium organization
8.4.2. Enterprise
Chapter 9. Global Password Management Market, by End User Type
9.1. Market Snapshot
9.2. Global Password Management Market by End User Type, Performance – Potential Analysis
9.3. Global Password Management Market Estimates & Forecasts by End User Type 2018-2028 (USD Million)
9.4. Password Management Market, Sub Segment Analysis
9.4.1. BFSI
9.4.2. Education
9.4.3. Healthcare
9.4.4. Manufacturing
9.4.5. Public sector & Utilities
9.4.6. Retail & Wholesale distribution
9.4.7. Telecom & IT
9.4.8. Others
Chapter 10. Global Password Management Market, Regional Analysis
10.1. Password Management Market, Regional Market Snapshot
10.2. North America Password Management Market
10.2.1. U.S. Password Management Market Type breakdown estimates & forecasts, 2018-2028 Access Type breakdown estimates & forecasts, 2018-2028 Organization Type breakdown estimates & forecasts, 2018-2028 End User Type breakdown estimates & forecasts, 2018-2028
10.2.2. Canada Password Management Market
10.3. Europe Password Management Market Snapshot
10.3.1. U.K. Password Management Market
10.3.2. Germany Password Management Market
10.3.3. France Password Management Market
10.3.4. Spain Password Management Market
10.3.5. Italy Password Management Market
10.3.6. Rest of Europe Password Management Market
10.4. Asia-Pacific Password Management Market Snapshot
10.4.1. China Password Management Market
10.4.2. India Password Management Market
10.4.3. Japan Password Management Market
10.4.4. Australia Password Management Market
10.4.5. South Korea Password Management Market
10.4.6. Rest of Asia Pacific Password Management Market
10.5. Latin America Password Management Market Snapshot
10.5.1. Brazil Password Management Market
10.5.2. Mexico Password Management Market
10.6. Rest of The World Password Management Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Avatier Corporation Key Information Overview Financial (Subject to Data Availability) Type Summary Recent Developments
11.2.2. CA Technologies Inc.
11.2.3. Centrify Corporation
11.2.4. Core Security SDI Corporation
11.2.5. Dell Software
11.2.6. FastPassCorp A/S
11.2.7. Hitachi ID Systems, Inc.
11.2.8. IBM Corporation
11.2.9. Knowledge Secure Systems Ltd.
11.2.10. Microsoft Corporation
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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