Global password management market is estimated to be $311 million in 2014 and is expected to grow to $709.6 million in 2019.
(PRWEB) July 22, 2014
The report on the password management software market provides an in-depth analysis of the global adoption trends, future growth potential, key issues and opportunities in the password management market. The report also includes estimated market size and forecasts of sub markets such as self services password management and privileged password management. This report is segmented on the basis of access types such as desktop, web, and telephone; also on the basis of deployment types such as hosted and on-premise deployment. Furthermore, it provides a brief analysis of major player in this market along with the information on major market drivers, restraints, opportunities, challenges and key issues in the password management market. The report also covers the geographical analysis of this market in five regions of North America, Europe, APAC, Middle East and Latin America. Complete report is available at http://www.reportsnreports.com/reports/291919-password-management-market-by-type-self-service-password-reset-privileged-user-password-management-by-access-desktop-mobile-devices-voice-enabled-password-reset-global-advancements-forecasts-analysis-2014-2019-.html.
Global password management market is estimated to be $311 million in 2014 and is expected to grow to $709.6 million in 2019. This represents an estimated Compound Annual Growth Rate (CAGR) of 17.9% from 2014 to 2019. In the current scenario, NA is expected to be the biggest market on the basis of spending and adoption for the password management solutions. This research further expects that the increasing password management markets by SMBs will further enhance the growth of the market.
With the increase in number of ways in which password reset can be done, the password management market is experiencing a rapid growth, which has enabled the users to opt for different password management solutions according to their business requirements. A major booster for this market is the fact that self services password management enables the users to reset their passwords on their own without the interference from the help desk, which reduces the cost of help desk. The increasing strictness in regulatory compliance to maintain strong user security and prevent data leakage is also pushing growth of this market.
The major players providing password management solutions include Avatier, CA Technologies, Courion Corporation, Dell Sonicwall, Fast Pass Corporation, NETIQ, Hitachi ID System, IBM, Knowledge Secure System, Microsoft and Sail Point. These players provide innovative password management solutions at attractive price options, which get delivered via on-premise or cloud. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=291919.
Passwords are the authentication tool and the first line of defence against unauthorised access. The human generated passwords are not algorithmically so strong to properly justify the password compliance mandate. At the same time company norms to frequently change the passwords, make it difficult for the employees to remember all of them. Thus it becomes necessary to have a proper password management solution; which is why companies are now spending more on password management solutions, and this market is expected to grow rapidly.
Password management solution is software for storing all the passwords in one location that is protected and accessible with one easy-to-remember master pass phrase. This market comprises of both self service password management and privileged password management. Self services password management solution is the most popular solution for password management. It is rapidly being adopted by the small and medium size business as empowers the users by providing a simple and secure self service solution for management of passwords, and resolving account lock out incidents without any involvement of help desk personnel. Priced at US$4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=291919 .
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on Password Management portfolio offered by the top players in this market. The report analyzes the products market by category/end user across geographies.
Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the market.
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various Password Management products across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market.
Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of leading players in the Password Management market.
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