Market Overview:
The global enterprise password managers market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based and web-based password managers by large enterprises and SMEs. North America is expected to lead the global enterprise password managers market in terms of revenue, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
An enterprise password manager is a software application that helps organizations manage and secure their passwords. It can create, store, and manage passwords for employees, as well as help keep track of who has access to which passwords. Enterprise password managers are important because they can help organizations keep their data secure by ensuring that only authorized individuals have access to critical passwords.
Cloud Based:
Cloud-based solutions are gaining popularity among enterprises owing to benefits such as easy accessibility from any location, low cost of ownership and increased flexibility. The increasing adoption of cloud-based services in enterprise password managers is expected to drive the market over the forecast period. Cloud based services offer a single point for recovery solution which helps employees recover passwords for multiple sites easily. Moreover, these solutions also help in storing encryption keys thereby helping Enterprises manage sensitive data more securely and efficiently.
Web Based:
The global web-based and it's usage in enterprise password managers market size was valued at USD 1.22 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 18.7% from 2019 to 2025. A web-based password manager is an application software that helps users manage their passwords for various online services by storing them securely on the cloud, thereby eliminating the need to reuse passwords across different websites or applications.
Application Insights:
The large enterprises segment accounted for the largest market share in 2017 and is anticipated to continue its dominance over the forecast period. This can be attributed to factors such as large enterprise's ability to offer more features, advanced security solutions, and global reach. The small & medium-sized businesses (SMBs) segment is expected to register the highest CAGR of over the forecast period owing to increasing penetration of enterprise password managers among SMBs due largelyto their limited IT staff resources and need for centralized data management.
Enterprises have recognized that they are at risk of losing business critical information due largelyto inadequate controls within their organizations' network infrastructure exposing them directlyto external attackers seeking access credentials or malware infection whichcan result in significant financial losses.
Regional Analysis:
North America dominated the global enterprise password managers market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to high usage of internet services and related applications by enterprises, along with their need for security and protection from data theft. Furthermore, North America has a higher penetration rate of smartphones among users, which increases their mobility across the globe. This factor is also expected to drive regional growth over the next seven years.
Growth Factors:
- Increased focus on data security by organizations due to increasing cyber-attacks and data breaches.
- Proliferation of Bring Your Own Device (BYOD) and cloud-based applications, which has led to an increase in the number of passwords that need to be managed by employees.
- The growing trend of using social media networks for professional purposes, which has resulted in more businesses requiring employees to maintain separate passwords for their personal and professional accounts.
- The increasing use of mobile devices for business purposes, which has led to a rise in the number of companies looking for password management solutions that can be used on smartphones and tablets. 5 .The launch of new products by leading password management vendors that offer enhanced features such as biometric authentication and two-factor authentication
Scope Of The Report
Report Attributes
Report Details
Report Title
Enterprise Password Managers Market Research Report
By Type
Cloud Based, Web Based
By Application
Large Enterprises, SMEs
By Companies
LogMeIn, Trend Micro, Hitachi ID Systems, Okta, Sailpoint Technologies, Dashlane Business, Keeper Security, 1Password, IBM, Micro Focus (NetIQ), HelpSystems (Core Security), Rippling, Avatier, FastPassCorp
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Enterprise Password Managers Market Report Segments:
The global Enterprise Password Managers market is segmented on the basis of:
Types
Cloud Based, Web Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LogMeIn
- Trend Micro
- Hitachi ID Systems
- Okta
- Sailpoint Technologies
- Dashlane Business
- Keeper Security
- 1Password
- IBM
- Micro Focus (NetIQ)
- HelpSystems (Core Security)
- Rippling
- Avatier
- FastPassCorp
Highlights of The Enterprise Password Managers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- Web Based
- By Application:
- Large Enterprises
- SMEs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Enterprise Password Managers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Enterprise password managers are software applications that help organizations manage passwords and other security information. They can automate the process of creating, storing, and managing passwords for users across an organization. They can also help identify when a user has forgotten their password, and provide guidance on how to reset it.
Some of the key players operating in the enterprise password managers market are LogMeIn, Trend Micro, Hitachi ID Systems, Okta, Sailpoint Technologies, Dashlane Business, Keeper Security, 1Password, IBM, Micro Focus (NetIQ), HelpSystems (Core Security), Rippling, Avatier, FastPassCorp.
The enterprise password managers market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Enterprise Password Managers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Enterprise Password Managers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Enterprise Password Managers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Enterprise Password Managers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Enterprise Password Managers Market Size & Forecast, 2018-2028
4.5.1 Enterprise Password Managers Market Size and Y-o-Y Growth
4.5.2 Enterprise Password Managers Market Absolute $ Opportunity
Chapter 5 Global Enterprise Password Managers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Enterprise Password Managers Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 Web Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Enterprise Password Managers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Enterprise Password Managers Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Enterprise Password Managers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Enterprise Password Managers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Enterprise Password Managers Analysis and Forecast
9.1 Introduction
9.2 North America Enterprise Password Managers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Enterprise Password Managers Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 Web Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Enterprise Password Managers Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Enterprise Password Managers Analysis and Forecast
10.1 Introduction
10.2 Europe Enterprise Password Managers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Enterprise Password Managers Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 Web Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Enterprise Password Managers Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Enterprise Password Managers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Enterprise Password Managers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Enterprise Password Managers Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 Web Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Enterprise Password Managers Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Enterprise Password Managers Analysis and Forecast
12.1 Introduction
12.2 Latin America Enterprise Password Managers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Enterprise Password Managers Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 Web Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Enterprise Password Managers Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Enterprise Password Managers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Enterprise Password Managers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Enterprise Password Managers Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 Web Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Enterprise Password Managers Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Enterprise Password Managers Market: Competitive Dashboard
14.2 Global Enterprise Password Managers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LogMeIn
14.3.2 Trend Micro
14.3.3 Hitachi ID Systems
14.3.4 Okta
14.3.5 Sailpoint Technologies
14.3.6 Dashlane Business
14.3.7 Keeper Security
14.3.8 1Password
14.3.9 IBM
14.3.10 Micro Focus (NetIQ)
14.3.11 HelpSystems (Core Security)
14.3.12 Rippling
14.3.13 Avatier
14.3.14 FastPassCorp
