Passwords used as an authentication tool and denies unauthorized access. Passwords helps to protect confidential information such as emails, insurance details, bank accounts, educational record, medical records, etc. A password manager also known as shared or sensitive password management or password vaulting is a software application or hardware device used to store and manage user’s passwords and strong passwords.
Growing awareness of password management among enterprises and individuals, owing to increasing number of password protected accounts such as social, financial, medical, and official, which is a key factor expected to drive growth of the global password management market over the forecast period. In addition, increasing demand for password management solution among several industries, owing to increasing number of complex systems, regulatory, and risk management environment in organization is another factor expected to further fuels growth of the target market.
Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to be highest share in terms of revenue over the forecast period, owing to advanced products development, and government initiative for employee’s safety in various countries in this region. The market in Asia Pacific is expected to register highest CAGR in terms of revenue, owing to rising hearing impairments among individuals caused by construction activities and industrial noise in developing countries such as India and China in the region.
Key players operating in the global password management market include CA Technologies, Quest Software Inc, NetIQ Corporation, Hitachi ID Systems Inc, IBM Corporation, Microsoft Corporation, SailPoint Technologies Inc, Avatier Corporation, Courion Corp., Dell SonicWALL Inc.
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An interview with CSO's David Braue and Ian Yip, Chief Technology Officer, McAffee.
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