Password Management Market Size, Share & Trends Analysis Report By Type, By Access, By Enterprise Size (SMEs, Large Enterprises), By End-use, By Region, And Segment Forecasts, 2024

Description

Password Management Market Growth & Trends:

The global password management market size is anticipated to reach USD 11.86 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 21.8% from 2024 to 2030. Increasing complexity of compliance, regulatory, and risk management environment in businesses are promoting the implementation of password management solutions across several industries worldwide. In addition, strict and complex password creation rules and mandates by governments are playing a vital role in shaping the future of the market.

With the upswing in the number of transactions sent via the internet every day, it has become more imperative to follow secure and safe password management practices. Passwords help in protecting online information such as emails, bank accounts, medical records, and more. Breaches that occurred in 2015 with various enterprises such as Home Depot, Target, TJX, and Heartland Payment systems helped in creating widespread awareness regarding the significance of using unique passwords for each online account. Most security professionals recommend the use of password management applications as the most secure and practical way for people to follow safe password practices.

Password management use is not only restricted to enterprises but also helps individual users as it is a security tool for their accounts and devices. Additionally, it is widely used by end-users to audit, secure, monitor, and manage all the activities associated with privileged accounts.

Mobile device password management is poised to post the highest CAGR of 19.8% between 2017 and 2025. These solutions help organizations secure mobile devices, including tablets and smartphones, from threats. Password security applications help in securing the devices even in offline mode in the absence of an internet connection.

Password Management Market Report Highlights:

Self-service password management held the largest market revenue share of 57.1% in 2023. It enhances user convenience by allowing individuals to reset and manage their passwords without IT assistance, reducing downtime and increasing productivity.
Desktops & laptops segment accounted for the largest market revenue share in 2023. With the rise in remote work and online activities, individuals and businesses rely more heavily on these devices to access sensitive information and conduct secure transactions.
The large enterprises segment held the largest market revenue share in 2023. Large enterprises typically handle vast amounts of sensitive data, making robust cybersecurity measures critical to protect against increasingly sophisticated cyber threats.
North America password management market held the largest market revenue share in 2023. The increasing demand is due to heightened cybersecurity threats, the shift towards remote work, and the proliferation of digital services.

Product Code: 978-1-68038-219-8

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Password Management Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Password Management Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Password Management Market: Type Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Password Management Market: Type Movement Analysis, 2023 & 2030 (USD Million)
4.3. Self-Service Password Management
- 4.5.1. Self-Service Password Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Privileged User Password Management
- 4.4.1. Privileged User Password Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Password Management Market: Access Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Password Management Market: Access Movement Analysis, 2023 & 2030 (USD Million)
5.3. Mobile Devices
- 5.3.1. Mobile Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Desktops & Laptops
- 5.4.1. Desktops & Laptops Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Voice-Enabled Password Systems
- 5.5.1. Voice-Enabled Password Systems Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6. Others
- 5.6.1. Other Access Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Password Management Market: Enterprise Size Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. Password Management Market: Enterprise Size Movement Analysis, 2023 & 2030 (USD Million)
6.3. Small and Medium Enterprises (SMEs)
- 6.3.1. Small and Medium Enterprises (SMEs) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Large Enterprises
- 6.4.1. Large Enterprises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Password Management Market: End Use Estimates & Trend Analysis

7.1. Segment Dashboard
7.2. Password Management Market: End use Movement Analysis, 2023 & 2030 (USD Million)
7.3. BFSI
- 7.3.1. BFSI Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Education
- 7.4.1. Education Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Healthcare
- 7.5.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Manufacturing
- 7.6.1. Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.7. Public Sector & Utilities
- 7.7.1. Public Sector & Utilities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.8. Retail & Wholesale Distribution
- 7.8.1. Retail & Wholesale Distribution Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.9. Telecom & IT
- 7.9.1. Telecom & IT Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.10. Others
- 7.10.1. Other End Uses Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Password Management Market: Regional Estimates & Trend Analysis

8.1. Password Management Market Share, By Region, 2023 & 2030, USD Million
8.2. North America
- 8.2.1. North America Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
  - 8.2.2.1. U.S. Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
  - 8.2.3.1. Canada Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
  - 8.2.4.1. Mexico Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3. Europe
- 8.3.1. Europe Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. UK
  - 8.3.2.1. U.K. Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
  - 8.3.3.1. Germany Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
  - 8.3.4.1. France Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4. Asia Pacific
- 8.4.1. Asia Pacific Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
  - 8.4.2.1. China Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. Japan
  - 8.4.3.1. Japan Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. India
  - 8.4.4.1. India Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.5. South Korea
  - 8.4.5.1. South Korea Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.6. Australia
  - 8.4.6.1. Australia Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.5. Latin America
- 8.5.1. Latin America Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
  - 8.5.2.1. Brazil Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.3. Argentina
  - 8.5.3.1. Argentina Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Saudi Arabia
  - 8.6.2.1. Saudi Arabia Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.3. UAE
  - 8.6.3.1. UAE Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.4. South Africa
  - 8.6.4.1. South Africa Password Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 9. Competitive Landscape

9.1. Recent Developments & Impact Analysis by Key Market Participants
9.2. Company Categorization
9.3. Company Heat Map Analysis
9.4. Company Profiles
- 9.4.1. 1Password
  - 9.4.1.1. Participant's Overview
  - 9.4.1.2. Financial Performance
  - 9.4.1.3. Product Benchmarking
  - 9.4.1.4. Recent Developments/ Strategic Initiatives
- 9.4.2. Avatier
  - 9.4.2.1. Participant's Overview
  - 9.4.2.2. Financial Performance
  - 9.4.2.3. Product Benchmarking
  - 9.4.2.4. Recent Developments/ Strategic Initiatives
- 9.4.3. Bravura Security Inc.
  - 9.4.3.1. Participant's Overview
  - 9.4.3.2. Financial Performance
  - 9.4.3.3. Product Benchmarking
  - 9.4.3.4. Recent Developments/ Strategic Initiatives
- 9.4.4. Fortra, LLC (Core Security Technologies)
  - 9.4.4.1. Participant's Overview
  - 9.4.4.2. Financial Performance
  - 9.4.4.3. Product Benchmarking
  - 9.4.4.4. Recent Developments/ Strategic Initiatives
- 9.4.5. Dashlane Inc.
  - 9.4.5.1. Participant's Overview
  - 9.4.5.2. Financial Performance
  - 9.4.5.3. Product Benchmarking
  - 9.4.5.4. Recent Developments/ Strategic Initiatives
- 9.4.6. EmpowerID, Inc.
  - 9.4.6.1. Participant's Overview
  - 9.4.6.2. Financial Performance
  - 9.4.6.3. Product Benchmarking
  - 9.4.6.4. Recent Developments/ Strategic Initiatives
- 9.4.7. FastPassCorp A/S
  - 9.4.7.1. Participant's Overview
  - 9.4.7.2. Financial Performance
  - 9.4.7.3. Product Benchmarking
  - 9.4.7.4. Recent Developments/ Strategic Initiatives
- 9.4.8. Intuit Inc.
  - 9.4.8.1. Participant's Overview
  - 9.4.8.2. Financial Performance
  - 9.4.8.3. Product Benchmarking
  - 9.4.8.4. Recent Developments/ Strategic Initiatives
- 9.4.9. Keeper Security, Inc.
  - 9.4.9.1. Participant's Overview
  - 9.4.9.2. Financial Performance
  - 9.4.9.3. Product Benchmarking
  - 9.4.9.4. Recent Developments/ Strategic Initiatives
- 9.4.10. LastPass US LP
  - 9.4.10.1. Participant's Overview
  - 9.4.10.2. Financial Performance
  - 9.4.10.3. Product Benchmarking
  - 9.4.10.4. Recent Developments/ Strategic Initiatives
- 9.4.11. Microsoft
  - 9.4.11.1. Participant's Overview
  - 9.4.11.2. Financial Performance
  - 9.4.11.3. Product Benchmarking
  - 9.4.11.4. Recent Developments/ Strategic Initiatives
- 9.4.12. SailPoint Technologies, Inc.
  - 9.4.12.1. Participant's Overview
  - 9.4.12.2. Financial Performance
  - 9.4.12.3. Product Benchmarking
  - 9.4.12.4. Recent Developments/ Strategic Initiatives
- 9.4.13. Siber Systems, Inc.
  - 9.4.13.1. Participant's Overview
  - 9.4.13.2. Financial Performance
  - 9.4.13.3. Product Benchmarking
  - 9.4.13.4. Recent Developments/ Strategic Initiatives
- 9.4.14. Trend Micro Incorporated
  - 9.4.14.1. Participant's Overview
  - 9.4.14.2. Financial Performance
  - 9.4.14.3. Product Benchmarking
  - 9.4.14.4. Recent Developments/ Strategic Initiatives
- 9.4.15. Zoho Corporation Pvt. Ltd.
  - 9.4.15.1. Participant's Overview
  - 9.4.15.2. Financial Performance
  - 9.4.15.3. Product Benchmarking
  - 9.4.15.4. Recent Developments/ Strategic Initiatives

Password Management Market Size, Share & Trends Analysis Report By Type, By Access, By Enterprise Size (SMEs, Large Enterprises), By End-use, By Region, And Segment Forecasts, 2024 - 2030