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Password Management Market Analysis, Size, Share, Growth,
Industry Insights and Forecast to 2019 | Hexa Research
“Increasing requirement of password management by
organizations and individuals is expected to drive
the Password Management Market growth.”
According to a recent study by Hexa Research, the global Password Management Market is expected to grow
at a CAGR of more than 17.5% from 2014 to 2019. Stringent regulations pertaining to creation and alteration
of passwords and complexity of systems are generating high demand for password management solutions
from many organizations worldwide. Rising accounts of cyber crimes are leading to increased need for
efficient password protection services, either self serviced or privileged. Cloud computing and effective
pricing are also contributing to growth. The global password management market was valued at
approximately $310 million in 2014. It is expected to grow to around $708 million in 2019. However, Hexa
Research opines that higher need for customized solutions and poor success rate of implemented projects
will inhibit industry growth.
Key end-use industries for the global password management market constitute education, ban king, financial
services, and insurance, healthcare, telecom, manufacturing, energy, etc. These sectors are characterized by
a complex network of password protected systems that permit access only to specific authorized users.
Browse Details of Report @ http://www.hexaresearch.com/research-report/password-management-
industry/
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