Password Management Market Size – Stringent regulations pertaining to creation and alteration of passwords and complexity of systems are generating high demand for password management solutions from many organizations worldwide. Rising accounts of cyber crimes are leading to increased need for efficient password protection services, either self serviced or privileged. Cloud computing and effective pricing are also contributing to growth. The global password management market was valued at approximately $310 million in 2014. It is expected to grow to around $708 million in 2019. However, Hexa Research opines that higher need for customized solutions and poor success rate of implemented projects will inhibit industry growth.
Key end-use industries for the global password management market constitute education, banking, financial services, and insurance, healthcare, telecom, manufacturing, energy, etc. These sectors are characterized by a complex network of password protected systems that permit access only to specific authorized users.
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North America will prove to be most lucrative for the growth of password management industry primarily due to widespread end-use applications. Also, there is a high presence of several market players in this region, which boosts growth. Hexa Research identifies IBM, Google, Microsoft, Dell, Sailpoint Technologies, Avatier Corporation and Knowledge Secure Systems Ltd., among others, as the main operators in the global password management industry. They offer on-site or cloud based password management solutions. Google and Microsoft are engaged in development of innovative methods for managing passwords that include USB tokens, automatic encrypted solutions, etc.
Table of Contents
Chapter 1 Executive Summary
1.1 Password Management – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Password Management Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Password management Value Chain Analysis
2.4 Password management Market Dynamics
2.4.1 Key Driver Analysis
2.4.1.1 Rise in number of password management mechanisms
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Chapter 3 Password Management Deployment Model Outlook
3.1 Hosted system
3.1.1 Global hosted systems demand by region, 2012 – 2020 (USD million)
3.2 On-premise system
3.2.1 Global on-premise system demand by region, 2012 – 2020 (USD million)
Chapter 4 Password Management End-Use Industry Outlook
4.1 BFSI
4.1.1 Global demand in BFSI, by region, 2012 – 2020 (USD million)
4.2 Education
4.2.1 Global demand in education, by region, 2012 – 2020 (USD million)
4.3 Energy
4.3.1 Global demand in energy, by region, 2012 – 2020 (USD million)
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Chapter 5 Password Management Organization Size Outlook
5.1 Enterprises
5.1.1 Global password management demand in enterprises, by region, 2012 – 2020 (USD million)
5.2 Small and Medium-Sized Businesses (SMB)
5.2.1 Global password management demand in SMBs, by region, 2012 – 2020 (USD million)
Chapter 6 Password management Regional Outlook
6.1 North America
6.1.1 Password management market by deployment model, 2012 – 2020 (USD million)
6.1.2 Password management market by end-use industry, 2012 – 2020 (USD million)
6.1.3 Password management market by organization size, 2012 – 2020 (USD million)
6.2 Europe
6.2.1 Password management market by deployment model, 2012 – 2020 (USD million)
6.2.2 Password management market by end-use industry, 2012 – 2020 (USD million)
6.2.3 Password management market by organization size, 2012 – 2020 (USD million)
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