According to a new market research report published by Credence Research, “Password Management Market (by End-use Vertical (BFSI, Education, Healthcare, Government & Public Sector, Retail, Telecom & IT, Education, and Other End-use Verticals), by Applicable System Type (Desktops, Mobile Devices, Voice-enabled Password Devices, and Others), by Type (Self-service Password Management & Privileged User Password Management), by Geography (North America, Europe, Asia Pacific, and Rest of the World)) - Growth, Future Prospects, and Competitive Landscape, 2018 -2026”, the global password management market is expected to expand at a CAGR of 14.5% during the forecast from 2018 to 2026 .
Proliferation of the information technology and ever-increasing use of web services in our daily lives have led to manifold increase in the number of user accounts and related passwords that users need to remember and manage. The choice of passwords used across different accounts presents an altogether different challenge to users.
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The global password management market is moderately fragmented and competitive. Some of the major vendors profiled in the research report include CA Technologies, Avatier, Courion Corporation, Fastpass Corporation, Sonicwall, Hitachi ID Systems, IBM Corporation, Netiq, Microsoft Corporation, SplashData, Inc., Zoho Corporation, and Sailpoint Technologies among others.