The Global Password Management Market Size gathered USD 1.5 Billion in 2021 and is set to garner a market size of USD 9.4 Billion by 2030 growing at a CAGR of 22.6% from 2022 to 2030.
Password management is the practice of securely creating, storing, and managing unique passwords for various accounts. It is critical because using the same password for multiple accounts or using weak passwords can expose you to hacking and identity theft. Users can protect their personal and sensitive information from unauthorized users by using strong, unique passwords and storing them securely.
Password management is essential because it contributes to the security of users’ online accounts. Password management allows users to create strong, unique passwords for each of their accounts and securely store them, reducing the risk of unauthorized users accessing your personal and sensitive information. It also assists in keeping track of passwords and prevents them from being locked out of accounts because one can forget their password.
Password Management Market Report Statistics
- Global password management market revenue is estimated to reach USD 9.4 billion by 2030 with a CAGR of 22.6% from 2022 to 2030
- North America password management market value occupied more than USD 609.8 million in 2021
- Asia-Pacific password management market growth will register a CAGR of more than 23% from 2022 to 2030
- Among access, the desktops and laptops sub-segment generated around 39% share in 2021
- Based on end-user, the BFSI sub-segment achieved US$ 369.6 million in revenue in 2021
- The increasing adoption of AI-based passwords is a popular password management market trend that fuels the industry demand
Global Password Management Market Dynamics
Market Drivers
- Growing cyber-threats
- Rising trend of remote work
- Increased data privacy regulations
- Surging number of online accounts
Market Restraints
- Technical complexity
- Rising security concerns
Market Opportunities
- Rapid adoption by small and medium-sized enterprises (SMEs)
- Increased investment in cybersecurity
- Integration with other security solutions
Password Management Market Report Coverage
| Market |
Password Management Market |
| Password Management Market Size 2021 |
USD 1.5 Billion |
| Password Management Market Forecast 2030 |
USD 9.4 Billion |
| Password Management Market CAGR During 2022 - 2030 |
22.6% |
| Password Management Market Analysis Period |
2018 - 2030 |
| Password Management Market Base Year |
2021 |
| Password Management Market Forecast Data |
2022 - 2030 |
| Segments Covered |
By Type, By Access, By Organization, By End-User, And By Geography
|
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
Avatier Corporation, CA Technologies, Courion Corporation, Fastpass Corporation, Google Inc., Hitachi ID Systems, Inc., Knowledge Secure Systems Ltd., Microsoft Corporation, NetIQ Corporation, Quest Software, Sonicwall Inc., and SailPoint Technologies Pvt. Ltd.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Password Management Systems Market Growth Factors
The need for strong and secure password management solutions is becoming more critical as the number of cyberattacks grows. The remote work trend, as well as the growing number of employees working from home, has increased demand for password management solutions that can assure remote access to company systems and data.
Password management is becoming increasingly important as the number of online accounts and digital devices grows, as does the risk of cyber attacks. New data privacy regulations, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), are causing businesses to adopt more secure password management practices. Furthermore, increased awareness of the risks involved with weak passwords and password reuse is driving the password management market value.
However, persuading individuals and organizations to use password management solutions and abandon traditional password practices can be difficult. The cost of implementing password management solutions can be a barrier to adoption for some small and medium-sized enterprises (SMEs). However, some password management solutions are technically complex and difficult for users to understand and implement, resulting in lower adoption.
Password management solutions are in high demand due to increased awareness of the risks involved with weak passwords and password reuse. Furthermore, new technologies such as biometrics and artificial intelligence are driving innovation in the password management market and rendering it easier for users to manage their passwords securely.
Password Management Systems Market Segmentation
The worldwide password management market is categorized based on type, access, organization, end-user, and geography.
Password Management Market By Type
- Privileged User Password Management
- Self-Service Password Management
According to a password management industry analysis, self-service password management had the largest market share in 2021 and is expected to continue to do so in the future. This category includes password management solutions that enable users to reset their own passwords without contacting IT support. Self-service password management solutions are popular because they provide a high level of convenience and efficiency, as users can quickly and easily reset their passwords without having to wait for IT support. This segment is especially popular among organisations with large and dispersed workforces because it allows employees to quickly reset their passwords and continue working uninterrupted.
Password Management Market By Access
- Desktops & Laptops
- Mobile Devices
- Voice-Enabled Password Systems
- Others
The desktops and laptops sub-segment of the access segment held a significant market share in 2021. Desktops and laptops are the most commonly used devices for personal and professional purposes, making them prime targets for cyber-attacks and data breaches. Password management solutions are becoming increasingly popular among desktop and laptop users because they provide an easy and secure way to store and manage passwords. Furthermore, due to the larger screen size and keyboard, desktops and laptops are preferred over mobile devices for many password management tasks such as password generation and storage.
Password Management Market By Organization
- Large Organization
- Small & Medium Organization
According to the password management market forecast, due to the increasing need for cybersecurity measures in today's digital age, small and medium-sized enterprises (SMEs) are likely to see a significant increase in the adoption of password management solutions. Because of their perceived vulnerability, SMEs are frequently targeted by cyber criminals and are at a higher risk of data breaches. With the increasing importance of data security, SMEs are looking for cost-effective and user-friendly password management solutions to secure their digital assets and protect their businesses from cyber threats.
Password Management Market By End-User
- BFSI
- Education
- Healthcare Manufacturing
- Retail & Wholesale Distribution
- Public Sector & Utilities
- Telecom & IT
- Others
Banking, financial services, and insurance (BFSI) are likely to have a sizable market share in the password management market. This is because the BFSI sector requires a high level of security, as well as the need to protect sensitive financial and personal data. BFSI institutions handle sensitive information such as customer data, financial transactions, and sensitive company information. As a result, there is a high demand in the sector for secure and dependable password management solutions to ensure the security of these assets. Additionally, the BFSI regulatory environment is strict, with regulations such as the Payment Card Industry Data Security Standard (PCI DSS) and General Data Protection Regulation (GDPR) the requiring the implementation of robust security measures, including password management solutions.
Password Management Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Password Management Market Regional Analysis
The password management market in North America is one of the largest and most mature in the world, with a large number of companies providing password management solutions to individuals and organizations. Because North America is home to some of the world's largest technology companies, the region's password management market has grown. North America has a high level of technological adoption and a strong culture of innovation, which has driven the region's demand for password management solutions. The remote work trend, as well as the growing number of employees working from home, has increased demand for password management solutions that can secure remote access to company systems and data.
The Asia-Pacific password management market is one of the fastest-growing in the world, with an increasing number of individuals and organizations in the region implementing password management solutions. The APAC region is undergoing rapid technological development and innovation, which is propelling the password management market forward. Furthermore, as the number of cyberattacks grows, so does the demand for secure password management solutions, and awareness of the importance of cybersecurity in the APAC region.
Password Management Market Players
Some of the leading password management companies include Avatier Corporation, CA Technologies, Courion Corporation, Fastpass Corporation, Google Inc., Hitachi ID Systems, Inc., Knowledge Secure Systems Ltd., Microsoft Corporation, NetIQ Corporation, Quest Software, Sonicwall Inc., and SailPoint Technologies Pvt. Ltd.
CHAPTER 1. Industry Overview of Password Management Market
1.1. Definition and Scope
1.1.1. Definition of Password Management
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Password Management Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Password Management Market By Type
1.2.3. Password Management Market By Access
1.2.4. Password Management Market By Organization
1.2.5. Password Management Market By End-User
1.2.6. Password Management Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Password Management Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Password Management Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2021
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2021
4.2. R&D Status of Major Manufacturers in 2021
CHAPTER 5. Password Management Market By Type
5.1. Introduction
5.2. Password Management Market Revenue By Type
5.2.1. Password Management Market Revenue (USD Billion) and Forecast, By Type, 2018-2030
5.2.2. Privileged User Password Management
5.2.2.1. Privileged User Password Management Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
5.2.3. Self-Service Password Management
5.2.3.1. Self-Service Password Management Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 6. Password Management Market By Access
6.1. Introduction
6.2. Password Management Market Revenue By Access
6.2.1. Password Management Market Revenue (USD Billion) and Forecast, By Access, 2018-2030
6.2.2. Voice-Enabled Password Systems
6.2.2.1. Voice-Enabled Password Systems Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.3. Mobile Devices
6.2.3.1. Mobile Devices Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.4. Desktops & Laptops
6.2.4.1. Desktops & Laptops Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.5. Others
6.2.5.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 7. Password Management Market By Organization
7.1. Introduction
7.2. Password Management Market Revenue By Organization
7.2.1. Password Management Market Revenue (USD Billion) and Forecast, By Organization, 2018-2030
7.2.2. Large Organization
7.2.2.1. Large Organization Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.3. Small & Medium Organization
7.2.3.1. Small & Medium Organization Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 8. Password Management Market By End-User
8.1. Introduction
8.2. Password Management Market Revenue By End-User
8.2.1. Password Management Market Revenue (USD Billion) and Forecast, By End-User, 2018-2030
8.2.2. Education
8.2.2.1. Education Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
8.2.3. Healthcare
8.2.3.1. Healthcare Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
8.2.4. BFSI
8.2.4.1. BFSI Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
8.2.5. Manufacturing
8.2.5.1. Manufacturing Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
8.2.6. Public Sector & Utilities
8.2.6.1. Public Sector & Utilities Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
8.2.7. Retail & Wholesale Distribution
8.2.7.1. Retail & Wholesale Distribution Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
8.2.8. Telecom & IT
8.2.8.1. Telecom & IT Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
8.2.9. Others
8.2.9.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 9. North America Password Management Market By Country
9.1. North America Password Management Market Overview
9.2. U.S.
9.2.1. U.S. Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
9.2.2. U.S. Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
9.2.3. U.S. Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
9.2.4. U.S. Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
9.3. Canada
9.3.1. Canada Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
9.3.2. Canada Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
9.3.3. Canada Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
9.3.4. Canada Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
9.4. North America PEST Analysis
CHAPTER 10. Europe Password Management Market By Country
10.1. Europe Password Management Market Overview
10.2. U.K.
10.2.1. U.K. Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
10.2.2. U.K. Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
10.2.3. U.K. Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
10.2.4. U.K. Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
10.3. Germany
10.3.1. Germany Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
10.3.2. Germany Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
10.3.3. Germany Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
10.3.4. Germany Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
10.4. France
10.4.1. France Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
10.4.2. France Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
10.4.3. France Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
10.4.4. France Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
10.5. Spain
10.5.1. Spain Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
10.5.2. Spain Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
10.5.3. Spain Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
10.5.4. Spain Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
10.6. Rest of Europe
10.6.1. Rest of Europe Password Management Market Revenue (USD Billion) and Forecast By Product, 2018-2030
10.6.2. Rest of Europe Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
10.6.3. Rest of Europe Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
10.6.4. Rest of Europe Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
10.7. Europe PEST Analysis
CHAPTER 11. Asia-Pacific Password Management Market By Country
11.1. Asia-Pacific Password Management Market Overview
11.2. China
11.2.1. China Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
11.2.2. China Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
11.2.3. China Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
11.2.4. China Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
11.3. Japan
11.3.1. Japan Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
11.3.2. Japan Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
11.3.3. Japan Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
11.3.4. Japan Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
11.4. India
11.4.1. India Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
11.4.2. India Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
11.4.3. India Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
11.4.4. India Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
11.5. Australia
11.5.1. Australia Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
11.5.2. Australia Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
11.5.3. Australia Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
11.5.4. Australia Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
11.6. South Korea
11.6.1. South Korea Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
11.6.2. South Korea Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
11.6.3. South Korea Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
11.6.4. South Korea Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
11.7. Rest of Asia-Pacific
11.7.1. Rest of Asia-Pacific Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
11.7.2. Rest of Asia-Pacific Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
11.7.3. Rest of Asia-Pacific Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
11.7.4. Rest of Asia-Pacific Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
11.8. Asia-Pacific PEST Analysis
CHAPTER 12. Latin America Password Management Market By Country
12.1. Latin America Password Management Market Overview
12.2. Brazil
12.2.1. Brazil Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
12.2.2. Brazil Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
12.2.3. Brazil Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
12.2.4. Brazil Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
12.3. Mexico
12.3.1. Mexico Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
12.3.2. Mexico Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
12.3.3. Mexico Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
12.3.4. Mexico Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
12.4. Rest of Latin America
12.4.1. Rest of Latin America Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
12.4.2. Rest of Latin America Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
12.4.3. Rest of Latin America Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
12.4.4. Rest of Latin America Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
12.5. Latin America PEST Analysis
CHAPTER 13. Middle East & Africa Password Management Market By Country
13.1. Middle East & Africa Password Management Market Overview
13.2. GCC
13.2.1. GCC Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
13.2.2. GCC Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
13.2.3. GCC Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
13.2.4. GCC Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
13.3. South Africa
13.3.1. South Africa Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
13.3.2. South Africa Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
13.3.3. South Africa Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
13.3.4. South Africa Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
13.4. Rest of Middle East & Africa
13.4.1. Rest of Middle East & Africa Password Management Market Revenue (USD Billion) and Forecast By Type, 2018-2030
13.4.2. Rest of Middle East & Africa Password Management Market Revenue (USD Billion) and Forecast By Access, 2018-2030
13.4.3. Rest of Middle East & Africa Password Management Market Revenue (USD Billion) and Forecast By Organization, 2018-2030
13.4.4. Rest of Middle East & Africa Password Management Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
13.5. Middle East & Africa PEST Analysis
CHAPTER 14. Player Analysis Of Password Management Market
14.1. Password Management Market Company Share Analysis
14.2. Competition Matrix
14.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
14.2.2. New Product Launches and Product Enhancements
14.2.3. Mergers And Acquisition In Global Password Management Market
14.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 15. Company Profile
15.1. Avatier Corporation
15.1.1. Company Snapshot
15.1.2. Business Overview
15.1.3. Financial Overview
15.1.3.1. Revenue (USD Billion), 2021
15.1.3.2. Avatier Corporation 2021 Password Management Business Regional Distribution
15.1.4. Product /Service and Specification
15.1.5. Recent Developments & Business Strategy
15.2. CA Technologies
15.3. Courion Corporation
15.4. Fastpass Corporation
15.5. Google Inc.
15.6. Hitachi ID Systems, Inc.
15.7. Knowledge Secure Systems Ltd.
15.8. Microsoft Corporation
15.9. NetIQ Corporation
15.10. Quest Software
15.11. Sonicwall Inc.
15.12. SailPoint Technologies Pvt. Ltd
