Password Management Market Growth, Trends and Report Highlights

According to a new report Global Password Management Market, published by KBV research, The Global Password Management Market size is expected to reach $2.9 billion by 2027, rising at a market growth of 20.7% CAGR during the forecast period.

The Self-service market is leading the Global Password Management Market by Type 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,207.1 million by 2027. The growth of this segment is accelerated due to the attribute that it allows users to reset and manage their passwords by themselves and it also eliminates the requirement of assistance from the helpdesk with these options.

The BFSI market is generating high revenue in the Global Password Management Market by End User 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $699.5 million by 2027. The growth of this segment across the market is followed by the increasing convenience in the field of monetary services which is further secured by password management service. Moreover, banks are now providing customers with digital applications that allow the customers to use banking and finance-related services at home.

The Large Organizations market acquired maximum revenue share in the Global Password Management Market by Organization Size 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,005.2 million by 2027. Because of the dynamic and ever-changing nature of business, it's critical for companies to use comprehensive passcode management practices and systems to keep their data safe.

The Desktops & Laptops market shows high market share in the Global Password Management Market by Access 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,180.7 million by 2027. The growth of this segment of the market is attributed to the fact that Password management software solutions assist in securing privileged users’ accounts that exist on the, desktop, server, network appliance and laptop operating systems of an IT infrastructure.

The North America market region shows high market share in Global Password Management Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,061.7 million by 2027. The Europe market is estimated to witness a CAGR of 19.8% during (2021 - 2027). Additionally, The Asia Pacific market would showcase a CAGR of 22.7% during (2021 - 2027).

Full Report: https://www.kbvresearch.com/password-management-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Broadcom, Inc. (CA Technologies, Inc.), Dell Technologies, Inc., Hitachi, Ltd. (Hitachi ID Systems, Inc.), Microsoft Corporation, Knowledge Secure Systems Ltd., Avatier Corporation, Centrify Corporation (TPG Capital), FastPassCorp A/S, and Core Security (HelpSystems, LLC).

Global Password Management Market Segmentation

By Type
• Self-service
• Privileged

By End User
• BFSI
• IT & Telecom
• Healthcare
• Retail & Wholesale Distribution
• Public sector & Utilities
• Education
• Manufacturing
• Others

By Organization Size
• Large Organizations
• Small & Medium Organizations
• By Access
• Desktops & Laptops
• Mobile Devices
• Voice-enabled Password Systems
• Others

By Geography

North America
• US
• Canada
• Mexico
• Rest of North America

Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled
• IBM Corporation
• Broadcom, Inc. (CA Technologies, Inc.)
• Dell Technologies, Inc.
• Hitachi, Ltd. (Hitachi ID Systems, Inc.)
• Microsoft Corporation
• Knowledge Secure Systems Ltd.
• Avatier Corporation
• Centrify Corporation (TPG Capital)
• FastPassCorp A/S
• Core Security (HelpSystems, LLC)