Password Management Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Competitive Scenario and Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Password Management Market Size, Market Share,

Application Analysis, Regional Outlook, Growth Trends,

Competitive Scenario And Forecasts, 2012 To 2020

A password is string of characters which allows user to access a system or computer. They provide line

of security from unauthorized users and hackers. Password manager is software which enables users to

manage and organize their passwords. Increasing requirement of password management by

organizations and individuals is expected to drive the market growth. With the help of password

manager the companies can manage and organize the passwords whenever they reset the passwords.

Stringent rules and growing number of complex systems for changing and creating passwords is

expected to boost the demand for password management among organizations. Manually created

passwords are algorithmically weak and can be easily hacked. Hacked and forgotten passwords may

cause a loss and delay for the enterprise and the individuals. These problems can be solved by password

management software.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

Password management may be privileged or self-service. Self-service helps employees to reset password

without any helpdesk. Privileged password management keep up passwords by methods such as

automated resets, frequent randomization and recording. Rising need for securing data is expected to

provide positive avenues to password management market over the next five years. Increasing number

of hackers and cyber thefts is expected to create immense opportunities for the market in near future.

Less favorable outcome of password self-service management solutions is likely to pose restraint for the

market’s growth.

Deployment Model Insights

Password management can be either hosted or on-premise. On-premise provides...