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Password Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

July 2023 | 145 pages | ID: P73388A59E5CEN
IMARC Group

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Market Overview:

The global password management market size reached US$ 2,159 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 9,189 Million by 2028, exhibiting a growth rate (CAGR) of 27.7% during 2023-2028.

A password is a series of characters that allows access to a service or device while offering a line of protection against unauthorized access. Password management is a software solution that assists in managing and organizing passwords present on a server, network appliance and a computer system of an IT infrastructure. It is primarily used as a tool for information security and governance by the end users to audit, secure, manage and monitor activities associated with privileged accounts. These software systems are not only restricted to enterprises but are also used by individuals as a security tool. They protect against cyber-attacks and safeguard sensitive data, files, financial records and legal information.

The emergence of cloud computing, Internet of Things (IoT) and other digital frameworks across the globe is the key factor driving the growth of the market. Password management solutions are increasingly being adopted by global enterprises to reset and manage their passcodes conveniently. Owing to the cost-effective and timesaving features, the systems are being widely used for automated password resets, frequent passcode randomization and session recordings. Furthermore, with an increasing number of online transactions conducted through the internet, passcode management has become crucial for protecting online information and preventing online frauds. Additionally, resulting from the growing concern for cybersecurity, various stringent and complex password generation rules have been implemented, which is further favoring the adoption of password management systems across the globe. Rising instances of security breaches by hackers have enhanced the adoption of password management systems that are deployed either on-premise or over the cloud.

IMARC Group’s latest report provides a deep insight into the global password management market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the password management market in any manner.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global password management market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, access, deployment type, end-user and vertical.

Breakup by Type:

Self-Service Password Management
Privileged User Password Management

Breakup by Access:

Mobile Devices and Tablets
Desktop and Laptops
Voice Enabled Password Systems
Others

Breakup by Deployment Type:

On-Premise
Hosted

Breakup by End-User:

Small and Medium Sized Organizations
Large Organizations
Others

Breakup by Vertical:

Healthcare
BFSI
Public Sector
IT & Telecom
Retail & Consumer Goods
Education
Others

Breakup by Region:

North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Avatier Corporation, CA Technologies (Broadcom Inc.), Centrify Corporation, Core Security Technologies, FastPassCorp A/S, Google LLC, Hitachi ID Systems, Inc., International Business Machines (IBM) Corporation, Microsoft Corporation, Micro Focus International PLC, NetIQ Corporation, SailPoint Technologies Inc. and SonicWall Inc.

Key Questions Answered in This Report:
How has the global password management market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global password management market?
What is the breakup of the market based on the type?
What is the breakup of the market based on the access?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the end-user?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the global password management market and who are the key players?
What is the degree of competition in the market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL PASSWORD MANAGEMENT MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Self-Service Password Management
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Privileged User Password Management
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY ACCESS

7.1 Mobile Devices and Tablets
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Desktop and Laptops
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Voice Enabled Password Systems
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY DEPLOYMENT TYPE

8.1 On-Premise
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Hosted
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY END-USER

9.1 Small and Medium Sized Organizations
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Large Organizations
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Others
  9.3.1 Market Trends
  9.3.2 Market Forecast

10 MARKET BREAKUP BY VERTICAL

10.1 Healthcare
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 BFSI
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Public Sector
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 IT & Telecom
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Retail & Consumer Goods
  10.5.1 Market Trends
  10.5.2 Market Forecast
10.6 Education
  10.6.1 Market Trends
  10.6.2 Market Forecast
10.7 Others
  10.7.1 Market Trends
  10.7.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Europe
  11.2.1 Germany
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 France
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 United Kingdom
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 Italy
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Spain
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Russia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Asia Pacific
  11.3.1 China
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 Japan
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 India
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 South Korea
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Australia
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Indonesia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Argentina
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
  11.4.4 Colombia
    11.4.4.1 Market Trends
    11.4.4.2 Market Forecast
  11.4.5 Chile
    11.4.5.1 Market Trends
    11.4.5.2 Market Forecast
  11.4.6 Peru
    11.4.6.1 Market Trends
    11.4.6.2 Market Forecast
  11.4.7 Others
    11.4.7.1 Market Trends
    11.4.7.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Turkey
    11.5.1.1 Market Trends
    11.5.1.2 Market Forecast
  11.5.2 Saudi Arabia
    11.5.2.1 Market Trends
    11.5.2.2 Market Forecast
  11.5.3 Iran
    11.5.3.1 Market Trends
    11.5.3.2 Market Forecast
  11.5.4 United Arab Emirates
    11.5.4.1 Market Trends
    11.5.4.2 Market Forecast
  11.5.5 Others
    11.5.5.1 Market Trends
    11.5.5.2 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Avatier Corporation
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 CA Technologies (Broadcom Inc.)
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3 Centrify Corporation
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Core Security Technologies
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 FastPassCorp A/S
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 Google LLC
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7 Hitachi ID Systems, Inc.
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 International Business Machines (IBM) Corporation
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9 Microsoft Corporation
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10 Micro Focus International PLC
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 NetIQ Corporation
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
  15.3.12 SailPoint Technologies Inc.
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials
  15.3.13 SonicWall Inc.
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Password Management Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Password Management Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Password Management Market Forecast: Breakup by Access (in Million US$), 2023-2028
Table 4: Global: Password Management Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
Table 5: Global: Password Management Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 6: Global: Password Management Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
Table 7: Global: Password Management Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Password Management Market: Competitive Structure
Table 9: Global: Password Management Market: Key Players


LIST OF FIGURES

Figure 1: Global: Password Management Market: Major Drivers and Challenges
Figure 2: Global: Password Management Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Password Management Market: Breakup by Type (in %), 2022
Figure 4: Global: Password Management Market: Breakup by Access (in %), 2022
Figure 5: Global: Password Management Market: Breakup by Deployment Type (in %), 2022
Figure 6: Global: Password Management Market: Breakup by End-User (in %), 2022
Figure 7: Global: Password Management Market: Breakup by Vertical (in %), 2022
Figure 8: Global: Password Management Market: Breakup by Region (in %), 2022
Figure 9: Global: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Password Management (Self-Service Password Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Password Management (Self-Service Password Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Password Management (Privileged User Password Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Password Management (Privileged User Password Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Password Management (Mobile Devices and Tablets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Password Management (Mobile Devices and Tablets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Password Management (Desktop and Laptops) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Password Management (Desktop and Laptops) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Password Management (Voice Enabled Password Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Password Management (Voice Enabled Password Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Password Management (Other Access Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Password Management (Other Access Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Password Management (On-Premise) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Password Management (On-Premise) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Password Management (Hosted) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Password Management (Hosted) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Password Management (Small and Medium Sized Organizations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Password Management (Small and Medium Sized Organizations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Password Management (Large Organizations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Password Management (Large Organizations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Password Management (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Password Management (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Password Management (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Password Management (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Password Management (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Password Management (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Password Management (Public Sector) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Password Management (Public Sector) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Password Management (IT & Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Password Management (IT & Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Password Management (Retail & Consumer Goods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Password Management (Retail & Consumer Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Password Management (Education) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Password Management (Education) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Password Management (Other Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Password Management (Other Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: North America: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: North America: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: United States: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: United States: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Canada: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Canada: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Asia Pacific: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Asia Pacific: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: China: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: China: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Japan: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Japan: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: India: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: India: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: South Korea: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: South Korea: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Australia: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Australia: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Indonesia: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Indonesia: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Others: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Others: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Latin America: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Latin America: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Brazil: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Brazil: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Mexico: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Mexico: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Argentina: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Argentina: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Colombia: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 93: Colombia: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 94: Chile: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 95: Chile: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 96: Peru: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 97: Peru: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 98: Others: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 99: Others: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 100: Middle East and Africa: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 101: Middle East and Africa: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 102: Turkey: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 103: Turkey: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 104: Saudi Arabia: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 105: Saudi Arabia: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 106: Iran: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 107: Iran: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 108: United Arab Emirates: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 109: United Arab Emirates: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 110: Others: Password Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 111: Others: Password Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 112: Global: Password Management Industry: SWOT Analysis
Figure 113: Global: Password Management Industry: Value Chain Analysis
Figure 114: Global: Password Management Industry: Porter’s Five Forces Analysis


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