Password Management Market by Type (Self Service Password Reset, Privileged User Password Management) & by Access (Desktop, Mobile Devices, Voice Enabled Password Reset) - Global Advancements, Forecasts & Analysis (2014-2019)
[152 Pages Report]Password Management market is expected to grow from $311 million in 2014 to $709.6 million by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 17.9 % from 2014 to 2019.
In current scenario password management is of great importance not only for the enterprises but also for the individual users. As every person is managing dozens of accounts including official, financial and social, which are secured with the help of passwords, It becomes very difficult to remember all of them correctly and secure the accounts from hackers. The best solution available for keeping the accounts safe, and managing the passwords is password management. The increasing need for managing the passwords and securing the valuable data of enterprises and individuals have increased the demand of password management market solutions.
To provide better password management and account security, many big players such as Google and Microsoft are trying to offer new ways of managing passwords such as automatic encrypted solutions and USB tokens. This market is divided into two major segments namely self services password management and privileged password management. Self service password reset management solutions enables the employees to manage and reset their passwords on their own without the help of the helpdesk, which saves the valuable time of the IT department and reduces cost. On the other hand the privileged password management solutions maintain the passwords of the privileged users through various methods such as frequent randomization of passwords, privileged session recording, and automated password resets.
MarketsandMarkets expects this market to grow from $311million in 2014 to $709.6million by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 17.9% from 2014 to 2019. This report provides holistic overview and market forecasts of the various segments of the password management market based on solution types, deployment methods, industry verticals, and geography.
Reasons to Buy the Report:
From an insight perspective, this research report focus on various levels of analysisindustry analysis, value chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high growth segments of the password management market. The above mentioned market research data, current market size, and forecast of future trends will help existing players and new entrants to make the necessary decisions regarding the product offerings, geographic focus, change in strategic approach, R&D investments for innovation in products and technologies, and levels of output in order to remain successful.
Companies purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for reaping market share.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on Password Management portfolio offered by the top players in this market. The report analyzes the products market by category/end user across geographies
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the market
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various Password Management products across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of leading players in the Password Management market
The need to maintain passwords for better security and usage of systems have become extremely important. Ever-growing increase in the number of complex systems deployed by the organizations, and strict rules for creating and changing passwords have made it difficult for the users, to manage their passwords on their own. On the other hand the password management problems due to forgotten passwords and hacked passwords block the helpdesk systems, cause expensive delay and loss of productivity. TThese issues can be easily solved with password management options namely self services password management and privileged password management. Self services password management enables the users to regenerate their passwords on their own, without taking any help from the help desk. Privileged password management market solutions provide password management for the privileged accounts through frequent randomization of passwords, privileged session recording, automated password resets etc. These solutions reduce the conjunction at the helpdesk and increase the productivity of the organizations.
Strict regulatory compliance and increase in the number of ways by which passwords can be reset, are the two major factors driving this market. Other then these two, cost reduction associated with help desk is also another prime factor for growth of this market. Though password management solutions have so many advantages still the market is struggling due to low success rate of password self service projects and growing need of built-in synchronization, customization and extension requirements. However, the adoption of self services password reset solutions by SMBs seems to be a great opportunity for this market. Though these small businesses have limited small budgets but due to strict compliance mandate and increasing threats, they are bound to use proper security measures. This growing trend is increasing the growth of password reset market.
These password management solutions can be deployed either on premise or through hosted deployment method. The growing cloud market is also a great opportunity for the password management solutions. Some of the major players providing password management solutions are Avatier, CA Technologies, Curion Corporation, Dell, FastPass Corporation, Hitachi ID System, IBM, Knowledge Secure System, Microsoft and SailPoint.
The total Overall Password Management market is expected to grow from $311 million in 2014 to $709.6 million by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 17.9 % from 2014 to 2019.
Table 1 Password Management Market size and Forecast ($ Million), Y-O_Y(%)2014-2019
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Table of Contents
1 Introduction (Page No. - 17)
1.1 Objectives
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Key Data Points
1.5.2 Data Triangulation & Market Forecasting
1.6 Forecast Assumptions
2 Executive Summary (Page No. - 23)
2.1 Abstract
2.2 Overall Market Size
3 Market Overview (Page No. - 26)
3.1 Market Definition
3.2 Market Evolution
3.3 Market Segmentation
3.4 Market Dynamics
3.4.1 Drivers
3.4.1.1 Strict Compliance Mandate
3.4.1.2 Increase in Number of Ways By Which Passwords Can Be Reset
3.4.1.3 Continual Decrease in Cost Associated With Help Desk
3.4.2 Restraints
3.4.2.1 Low Success Rate of Password Self-Service Projects
3.4.2.2 Growing Synchronization, Customization, and Extension Requirements
3.4.3 Opportunities
3.4.3.1 Growing Cloud Market
3.4.3.2 Increase in Adoption of SSPR Solutions Across Smbs
3.4.3.3 Attractive Pricing Options
3.4.4 Time Impact Analysis of Dros
3.5 Value Chain
4 Password Management Market Size & Forecast By Type (Page No. - 36)
4.1 Introduction
4.2 Self-Service Password Reset
4.2.1 Overview
4.2.2 Market Size & Forecast
4.3 Privileged User Password Management
4.3.1 Overview
4.3.2 Market Size & Forecast
5 Self-Service Password Reset: Market Size & Forecast By Access (Page No. - 42)
5.1 Introduction
5.2 Desktop
5.2.1 Overview
5.2.2 Market Size & Forecast
5.3 Mobile Devices
5.3.1 Overview
5.3.2 Market Size & Forecast
5.4 Voice Enabled Password Reset
5.4.1 Overview
5.4.2 Market Size & Forecast
6 Self-Service Password Reset: Market Size & Forecast By Deployment (Page No. - 49)
6.1 Introduction
6.2 On-Premise
6.2.1 Overview
6.2.2 Market Size & Forecast
6.3 Hosted
6.3.1 Overview
6.3.2 Market Size & Forecast
7 Password Management Market Size & Forecast By Industry Vertical (Page No. - 54)
7.1 Introduction
7.2 BFSI
7.2.1 Overview
7.2.2 Market Size & Forecast By Type
7.2.3 Market Size & Forecast By Region
7.3 Telecom & It
7.3.1 Overview
7.3.2 Market Size & Forecast By Type
7.3.3 Market Size & Forecast By Region
7.4 Energy, Oil & Gas
7.4.1 Overview
7.4.2 Market Size & Forecast By Type
7.4.3 Market Size & Forecast By Region
7.5 Public Sector & Utilities
7.5.1 Overview
7.5.2 Market Size & Forecast By Type
7.5.3 Market Size & Forecast By Region
7.6 Manufacturing
7.6.1 Overview
7.6.2 Market Size & Forecast By Type
7.6.3 Market Size & Forecast By Region
7.7 Education
7.7.1 Overview
7.7.2 Market Size & Forecast By Type
7.7.3 Market Size & Forecast By Region
7.8 Healthcare
7.8.1 Overview
7.8.2 Market Size & Forecast By Type
7.8.3 Market Size & Forecast By Region
7.9 Retail & Wholesale Distribution
7.9.1 Overview
7.9.2 Market Size & Forecast By Type
7.9.3 Market Size & Forecast By Region
7.10 Others
7.10.1 Overview
7.10.2 Market Size & Forecast By Type
7.10.3 Market Size & Forecast By Region
8 Password Management Market Size & Forecast By Organization Size (Page No. - 76)
8.1 Introduction
8.2 Small-Sized Businesses
8.2.1 Overview
8.2.2 Market Size & Forecast
8.3 Medium-Sized Businesses
8.3.1 Overview
8.3.2 Market Size & Forecast
8.4 Enterprises
8.4.1 Overview
8.4.2 Market Size & Forecast
9 Password Management Market Size & Forecast By Region (Page No. - 84)
9.1 Introduction
9.1.1 Regional Market Lifecycle
9.2 North America
9.2.1 Overview
9.2.2 Market Size & Forecast By Type
9.2.3 Market Size & Forecast By Access
9.2.4 Market Size & Forecast By Deployment
9.2.5 Market Size & Forecast By Industry Vertical
9.2.6 Market Size & Forecast By Organization Size
9.3 Europe
9.3.1 Overview
9.3.2 Market Size & Forecast By Type
9.3.3 Market Size & Forecast By Access
9.3.4 Market Size & Forecast By Deployment
9.3.5 Market Size & Forecast By Industry Vertical
9.3.6 Market Size & Forecast By Organization Size
9.4 Asia-Pacific
9.4.1 Overview
9.4.2 Market Size & Forecast By Type
9.4.3 Market Size & Forecast By Access
9.4.4 Market Size & Forecast By Deployment
9.4.5 Market Size & Forecast By Industry Vertical
9.4.6 Market Size & Forecast By Organization Size
9.5 Middle East & Africa
9.5.1 Overview
9.5.2 Market Size & Forecast By Type
9.5.3 Market Size & Forecast By Access
9.5.4 Market Size & Forecast By Deployment
9.5.5 Market Size & Forecast By Industry Vertical
9.5.6 Market Size & Forecast By Organization Size
9.6 Latin America
9.6.1 Overview
9.6.2 Market Size & Forecast By Type
9.6.3 Market Size & Forecast By Access
9.6.4 Market Size & Forecast By Deployment
9.6.5 Market Size & Forecast By Industry Vertical
9.6.6 Market Size & Forecast By Organization Size
10 Password Management Market Landscape (Page No. - 113)
10.1 End User Landscape
10.1.1 Market Opportunity Analysis
10.1.2 End User Analysis
10.1.2.1 End Users Adoption of Password Management Solutions
10.1.2.2 Loopholes Associated With Password Management System
11 Company Profiles (Page No. - 116)
(Overview, Products & Services, Strategies & Insights, Developments and MNM View)*
11.1 Avatier
11.2 Ca Technologies
11.3 Courion Corporation
11.4 Dell Sonicwall
11.5 Fastpass Corp
11.6 Hitachi ID Systems
11.7 IBM
11.8 Netiq
11.9 Microsoft
11.1 Sailpoint Technologies
*Details on Overview, Products & Services, Strategies & Insights, Developments and MNM View Might Not Be Captured in Case of Unlisted Companies.
Appendix (Page No. - 149)
Mergers and Acquisitions (M&A)
List of Tables (65 Tables)
Table 1 Password Management Market Size, By Region, 2014 2019 ($Million)
Table 2 Market Size By Type, 2014 2019 ($Million)
Table 3 Market Growth By Type, 2015 2019 (Y-O-Y %)
Table 4 Self-Service Password Reset (SSPR) Market Size, By Region, 2014 2019 ($Million)
Table 5 Privileged User Password Management Market Size, By Region, 2014 2019 ($Million)
Table 6 SSPR Market Size, By Access, 2014 2019 ($Million)
Table 7 SSPR Market Growth, By Access, 2015 2019 (Y-O-Y %)
Table 8 Desktop, SSPR Market Size, By Region, 2014 2019 ($Million)
Table 9 Mobile Devices, SSPR Market Size, By Region, 2014 2019 ($Million)
Table 10 Voice Enabled Password Reset, SSPR Market Size, By Region, 2014 2019 ($Million)
Table 11 SSPR Market Size, By Deployment, 2014 2019 ($Million)
Table 12 SSPR Market Growth, By Deployment, 2015 2019 (Y-O-Y %)
Table 13 On-Premise, SSPR Market Size, By Region, 2014 2019 ($Million)
Table 14 Hosted, SSPR Market Size, By Region, 2014 2019 ($Million)
Table 15 Password Management Market Size, By Industry Vertical, 2014 2019 ($Million)
Table 16 Market Growth, By Industry Vertical, 2015 2019 (Y-O-Y %)
Table 17 BFSI, Market Size, By Type, 2014 2019 ($Million)
Table 18 BFSI, Market Size, By Region, 2014 2019 ($Million)
Table 19 Telecom and It, Market Size, By Type, 2014 2019 ($Million)
Table 20 Telecom and It, Market Size, By Region, 2014 2019 ($Million)
Table 21 Energy, Oil and Gas, Market Size, By Type, 2014 2019 ($Million)
Table 22 Energy, Oil and Gas, Market Size, By Region, 2014 2019 ($Million)
Table 23 Public Sector and Utilities, Market Size, By Type, 2014 2019 ($Million)
Table 24 Public Sector and Utilities, Market Size, By Region, 2014 2019 ($Million)
Table 25 Manufacturing, Market Size, By Type, 2014 2019 ($Million)
Table 26 Manufacturing, Market Size, By Region, 2014 2019 ($Million)
Table 27 Education, Market Size, By Type, 2014 2019 ($Million)
Table 28 Education, Market Size, By Region, 2014 2019 ($Million)
Table 29 Healthcare, Market Size, By Type, 2014 2019 ($Million)
Table 30 Healthcare, Market Size, By Region, 2014 2019 ($Million)
Table 31 Retail and Wholesale Distribution, Market Size, By Type, 2014 2019 ($Million)
Table 32 Retail and Wholesale Distribution, Market Size, By Region, 2014 2019 ($Million)
Table 33 Others, Market Size, By Type, 2014 2019 ($Million)
Table 34 Others, Market Size, By Region, 2014 2019 ($Million)
Table 35 Password Managemement Market Size, By Organization Size, 2014 2019 ($Million)
Table 36 Password Management Market Growth, By Organization Size, 2015 2019 (Y-O-Y %)
Table 37 Small-Sized Businesses, Market Size, By Region, 2014 2019 ($Million)
Table 38 Medium-Sized Businesses, Market Size, By Region, 2014 2019 ($Million)
Table 39 Enterprises, Market Size, By Region, 2014 2019 ($Million)
Table 40 Password Management Market Growth, By Region, 2015 2019 (Y-O-Y %)
Table 41 North America: Market Size, By Type, 2014 2019 ($Million)
Table 42 North America: SSPR Market Size, By Access, 2014 2019 ($Million)
Table 43 North America: SSPR Market Size, By Deployment, 2014 2019 ($Million)
Table 44 North America: Market Size, By Industry Vertical, 2014 2019 ($Million)
Table 45 North America: Market Size, By Organization Size, 2014 2019 ($Million)
Table 46 Europe: Password Management Market Size, By Type, 2014 2019 ($Million)
Table 47 Europe: SSPR Market Size, By Access, 2014 2019 ($Million)
Table 48 Europe: SSPR Market Size, By Deployment, 2014 2019 ($Million)
Table 49 Europe: Market Size, By Industry Vertical, 2014 2019 ($Million)
Table 50 Europe: Market Size, By Organization Size, 2014 2019 ($Million)
Table 51 APAC: Password Management Market Size, By Type, 2014 2019 ($Million)
Table 52 APAC: SSPR Market Size, By Access, 2014 2019 ($Million)
Table 53 APAC: SSPR Market Size, By Deployment, 2014 2019 ($Million)
Table 54 APAC: Market Size, By Industry Vertical, 2014 2019 ($Million)
Table 55 APAC: Market Size, By Organization Size, 2014 2019 ($Million)
Table 56 MEA: Password Management Market Size, By Type, 2014 2019 ($Million)
Table 57 MEA: SSPR Market Size, By Access, 2014 2019 ($Million)
Table 58 MEA: SSPR Market Size, By Deployment, 2014 2019 ($Million)
Table 59 Password Management Market Size, By Industry Vertical, 2014 2019 ($Million)
Table 60 MEA: Market Size, By Organization Size, 2014 2019 ($Million)
Table 61 Latin America: Market Size, By Type, 2014 2019 ($Million)
Table 62 Latin America: SSPR Market Size, By Access, 2014 2019 ($Million)
Table 63 Latin America: SSPR Market Size, By Deployment, 2014 2019 ($Million)
Table 64 Latin America: Market Size, By Industry Vertical, 2014 2019 ($Million)
Table 65 Latin America: Market Size, By Organization Size, 2014 2019 ($Million)
List of Figures (14 Figures)
Figure 1 Data Triangulation & Market Forecasting
Figure 2 Password Management Market: Region Share (2014)
Figure 3 Password Management: Market Evolution
Figure 4 Password Management: Market Segmentation
Figure 5 Password Management: Time Impact Analysis
Figure 6 Password Management Market: Value Chain
Figure 7 Market Growth, By Type, 2015 2019 (Y-O-Y %)
Figure 8 SSPR Market Growth, By Access Type, 2015 2019 (Y-O-Y %)
Figure 9 SSPR Market Growth, By Deployment, 2015 2019 (Y-O-Y %)
Figure 10 Market Growth, By Industry Vertical, 2015 2019 (Y-O-Y %)
Figure 11 Market Growth, By Organization Size, 2015 2019 (Y-O-Y %)
Figure 12 Password Management Market: By Regions
Figure 13 Market Growth, By Region, 2015 2019 (Y-O-Y %)
Figure 14 Password Management: Market Opportunity Analysis
Growth opportunities and latent adjacency in Password Management Market