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Passwords are the authentication tool and the first line of defence against unauthorised access. The human generated passwords are not algorithmically so strong to properly justify the password compliance mandate. At the same time company norms to frequently change the passwords, make it difficult for the employees to remember all of them. Thus it becomes necessary to have a proper password management solution; which is why companies are now spending more on password management solutions, and this market is expected to grow rapidly. Password management solution is software for storing all the passwords in one location that is protected and accessible with one easy-to-remember master pass phrase. This market comprises of both self service password management and privileged password management. Self services password management solution is the most popular solution for password management. It is rapidly being adopted by the small and medium size business as empowers the users by providing a simple and secure self service solution for management of passwords, and resolving account lock out incidents without any involvement of help desk personnel.
With the increase in number of ways in which password reset can be done, the password management market is experiencing a rapid growth, which has enabled the users to opt for different password management solutions according to their business requirements. A major booster for this market is the fact that self services password management enables the users to reset their passwords on their own without the interference from the help desk, which reduces the cost of help desk. The increasing strictness in regulatory compliance to maintain strong user security and prevent data leakage is also pushing growth of this market.
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The major players providing password management solutions include Avatier, CA Technologies, Courion, Dell, Fast Pass Corporation, Hitachi ID System, IBM, Knowledge Secure System, Microsoft and Sail Point. These players provide innovative password management solutions at attractive price options, which get delivered via on-premise or cloud.
The report on the Password Management software market provides an in-depth analysis of the global adoption trends, future growth potential, key issues and opportunities in the password management market. The report also includes estimated market size and forecasts of sub markets such as Self Services Password Management and Privileged password management. This report is segmented on the basis of access types such as desktop, web, and telephone; also on the basis of deployment types such as hosted and on-premise deployment. Furthermore, it provides a brief analysis of major player in this market along with the information on major market drivers, restraints, opportunities, challenges and key issues in the password management market. The report also covers the geographical analysis of this market in five regions of North America, Europe, APAC, Middle East and Latin America.
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Table of Contents
1.1 Key Take-Aways
1.2 Report Description
1.3 Markets Covered
1.5 Research Methodology
1.5.1 Key Data Points
1.5.2 Data Triangulation and Market Forecasting
1.6 Forecast Assumptions
2.2 Overall Market Size
3.1 Market Definition
3.2 Market Evolution
3.3 Market Segmentation
3.4 Market Dynamics
188.8.131.52 Strict Compliance Mandate
184.108.40.206 Increase in Number of Ways By Which Passwords Can Be Reset
220.127.116.11 Continual Decrease in Cost Associated With Help desk
18.104.22.168 Low Success Rate of Password Self Service Projects
22.214.171.124 Growing Synchronization, Customization and Extension Requirements
126.96.36.199 Growing Cloud Market
188.8.131.52 Increase in Adoption Of SSPR Solutions Across SMBS
184.108.40.206 Attractive Pricing Options
3.4.4 Time Impact Analysis of DROS
3.5 Value Chain
Market Size and Forecast by Types
4.2 Self Service Password Reset
4.2.2 Market Size and Forecast
4.3 Privileged User Password Management
4.3.2 Market Size and Forecast
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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
11.2 Ca Technologies
11.3 Courion Corporation
11.4 Dell Sonicwall
11.5 Fast pass Corp
11.6 Hitachi Id Systems
11.10 Sailpoint Technologies
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