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2028 Password Management Industry Report Growth Forecasts
Password management is a set of principles and best practices to be followed by users while storing and managing passwords in an efficient manner to secure passwords as much as they can to prevent unauthorized access.
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Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the increasing adoption of IoT applications, BYOD trends, and cloud-based deployments among enterprises in the country are triggering an increase in advanced level threats. China's defensive capabilities have been enhanced in response to rising cyber-attacks. Increased cyber-attacks on Japanese companies, particularly identity theft, have prompted the government to implement new legislation, strategies, and facilities. Increasing cyber-attacks have resulted in a rise in research & development investments by governments from different countries. Also, the digital transformation trend in enterprises across India has presented lucrative opportunities for major password management solutions providers. Additionally, a growing technology user base and developing IT infrastructure are responsible factors for market growth.
Some of the key players profiled in the Password Management Market include LogMeIn Inc, 1Password (AgileBits Inc.), Dashlane Inc, Keeper Security Inc, Avatier Corporation, Avatier Corporation, CA Technologies, Dell SonicWALL LLC, Fast Pass Corp A/S, Hitachi ID Systems, Inc., IBM Corporation, Microsoft Corporation, NetIQ Corporation, Quest Software, Inc., SailPoint Technologies Holdings, Inc.
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