Massive Changes Expected in of Password Management Market its detail analysis by Focusing on Top Companies Profiled in this Report includes Avatier, CA Technologies

Progressing at a CAGR of +20% during the forecast period. 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 future of the market.

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

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Some of the key players in Password Management market include Avatier, CA Technologies, Inc., Courion Corporation, Dell Sonicwall, FastPass Corp., Hitachi ID Systems, IBM Corp., Microsoft Corp., Sailpoint Technologies and NetIQ Corp., among others.

According to a report by Cybersecurity Ventures and Thycotic, over three billion passcodes and user credentials were stolen in the year 2018. Moreover, the report also says that there is a potential for cybercrime damages to amount to about USD six trillion by 2026. Growing complex systems & rules for generating and changing passwords are augmenting the need for efficient password management solutions has increased among enterprises

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Mobile device password management is poised to post the highest CAGR of 19% between 2019 and 2026. 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 absence of internet connection.

It is difficult for users or enterprise to remember all the passwords. Rise in the complexity and number of complex systems being deployed across the organizations, and strict compliance requirements and rules for generating and changing passwords makes it complicated to manage the passwords. Further, the password management problems often cause expensive delays and loss of productivity. Such issues are easily solved while using password management solutions.

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Major Factors Report:
Global Password Management Market Research Report
• Global Economic Impact on Industry
• Global Supply (Production), Consumption, Export, Import by Regions
• Global Production, Revenue (Value), Price Trend by Type
• Global Market Analysis by Application
• Manufacturing Cost Analysis
• Market Effect Factors Analysis
• Global Password Management Market Forecast

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