About password management
Password management is a software solution that helps to store and organize passwords. It is widely used by the end-users to secure, audit, manage, and monitor all activities associated with privileged accounts. This solution helps to secure the privileged users’ accounts that exists on network appliance, server, and desktop operating system of an IT infrastructure. Password management is used as a tool for governance and information security.
TechNavio's analysts forecast the global password management market to grow at a CAGR of 16.33 percent over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global password management market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from password management software licenses, implementations, subscriptions, support, maintenance, and professional services.
TechNavio's report, Global Password Management Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Password Management Market 2015-2019
Technavio recognizes the following companies as the key players in Global Password Management Market 2015-2019: Avatier Corp, Courion Corp, FastPass Corp, Hitachi ID Systems Inc and IBM Corp.
Other Prominent Vendors in the market are: CA Technologies, Centrify, Dell SonicWall, Google, Microsoft, NetIQ, Quest Software, SailPoint and Symark International
Commenting on the report, an analyst from Technavio’s team said: “The popularity of SaaS-based solutions is a major trend in this market. Technological advances have forced vendors to offer SaaS-based password management solutions to customers. Companies from different sectors are increasingly adopting password management solutions because of the wide array of benefits offered such as low investment costs and the availability of pay-per-use models.”
According to the report, one of the major drivers in the global password management market is the increased use of smart devices. The increased usage of smart and mobile devices and tablet computers has given rise to many identification and security issues. With these devices, employees can access confidential information such as corporate emails and applications as well as business-critical information.
Further, the report states that the lack of efficient security measures is a major challenge for the market.
Avatier Corp, Courion Corp, FastPass Corp, Hitachi ID Systems Inc, IBM Corp., CA Technologies, Centrify, Dell SonicWall, Google, Microsoft, NetIQ, Quest Software, SailPoint, Symark International