Global Password Management Market

By Author: Rupali Dagade
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Global Password Management Market was valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn by 2027 at a CAGR of xx% over the forecast period 2020-2027.

The report covers an in-depth analysis of COVID-19 pandemic impact on Global Password Management Marketby region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Password Management Market Dynamics:

Growing adoption of password management solutions by small and medium-sized businesses is one of the main trends in increasing market growth. In addition, the increasingly dynamic market enforcement, regulatory and risk management landscape facilitates the adoption of these technologies across industries across the globe. The user authentication solution refers to verifying a broad variety of human-to-machine credential transfers that involve the user’s authenticity for validation. The word computer authentication, on the other hand, refers to an automatic method that does not need human input. In all human to machine interactions other than automatically, user authentication ...
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Global Password Management

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Authentication enables human-to - machine contact on wireless and wired networks to enable the device to provide access to the resources and applications linked to the internet and network. In the area of user authentication, there has been considerable development. User authentication has historically required a mixture of passwords and a simple ID. There are now a wide variety of user authentication variables that have been used in communications to enhance and improve security.The rapid adoption of IoT and cloud computing technologies will witness to create lucrative opportunities for market over the forecast period.However, factors such as concerns pertaining to cost of Access Type, rising cyberattacks and high risk of data loss which in turn pose arestraint for the market growth over the forecast period.

Increased integration of biometric sensors in security-based and mobility-based applications and widespread adoption of authentication solutions in emerging markets to provide significant market opportunities. The technologies used in the identification and access control of devices and permitted human recognition using human physiological or behavioural features, such as iris, fingerprints, face, palm prints, retina, and voice. The technology behind biometrics has become cheaper and more accurate, leading to businesses incorporating different biometrics into their existing safety systems.

Biometric-based authentication is increasingly developed and innovated by authentication service providers. The best benefit of biometric technology is that no password or personal identification number (PIN) needs to be recognised by the user, as the biometric identity is identical to any human being in the world. It therefore provides a major obstacle for a cyber intruder to penetrate it and presents multiple opportunities in different verticals of the industry.

By Type, Self Service Password Resetsegment isanticipated to account for a major share during the forecast period in 2019 and is expected to keep its dominance over the forecast period thanks tothe feature that it enables users to reset and maintain their passwords on their own without any support from the Helpdesk.

By Access Type, Desktop held the highest market share in 2019 thank to the agile, smooth, scalable, and inexpensive characteristics, which was easily incorporated by different businesses in the corporate landscape.

By industry vertical, BFSI segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period.Due to the highly sensitive nature of the assets and information held by banking and financial institutions, it is important to ensure a highly secure environment.By organization size, large organization segment held the largest market share due to the large investments on requirements on the Password Management for better security and data safety for the clients.

By geography, global Password Management Market is segmented into North America, APAC, Europe, MEA& Africa and South Africa. Among these,North America held the highest market share of xx% in 2019 and is expected to keep its dominance over the forecast period owing to theconstant technical developments in analytics, cloud and BYOD trends. The service in the market in APAC is forecasted to expand a significant pace on account of the growing penetration of internet as well as digitization with rapidly evolving infrastructure in countries such as India, China, Korea, etc.

Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.

The objective of the report is to present a comprehensive analysis of the Global Password Management Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Password Management Market dynamics, structure by analyzing the market segments and project Global Password Management MarketClear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Password Management Market the report investor’s guide.

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Global Password Management Market Segmentation by Type

• Self Service Password Reset
• Privileged User Password Management
Global Password Management Market Segmentation by Access Type

• Mobile
• Desktop
Global Password Management Market Segmentation by Industry Vertical

• Banking, Financial Services & Insurance
• IT & Telecommunications
• Travel and Transportation
• Manufacturing
• Retail
• Government
• Construction
• Chemicals
• Food and Beverage
• Retail
• Others
Global Password Management Market Segmentation by Organization Size

• Large Enterprises
• Small Medium Enterprises
Global Password Management Market Segmentation by Region

• North America
• APAC
• Europe
• ME & Africa
• Latin America
Global Password Management Market Major Players

• Avatier
• Broadcom
• HelpSystems
• Microsoft
• One Identity LLC
• CyberArk Software Ltd
• SailPoint Technologies Holdings, Inc
• FastPassCorp
• Zoho Corporation Pvt. Ltd
• Hitachi ID Systems, Inc
• IBM Corporation
• Knowledge Secure System
• Micro Focus
• Others

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