Market Overview:
The global password management tools market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for password management tools across different industries, such as BFSI, education, manufacturing, telecom & IT and others. In addition, the growing trend of Bring Your Own Device (BYOD) is also contributing to the growth of this market. However, lack of awareness about password management tools among end users may restrain the growth of this market during the forecast period. On basis on type, mobile devices are expected to lead the global password management tools market duringthe forecast period from 2018to 2030. This can be attributed tobusinesses and consumers increasingly using smartphones and tablets for various purposes such as online banking transactions and shopping activities.
Product Definition:
Password management tools are software applications that allow users to store and manage passwords in a secure fashion. These tools can help organizations and individuals protect their online identities by providing a central location where all passwords can be stored, managed, and accessed. Password management tools also typically include features that allow users to create strong passwords, change passwords frequently, and audit password security.
Mobile Devices:
Mobile devices are the most vulnerable component in enterprise security. The rapid increase in mobile device adoption has led to a significant rise in threats and challenges faced by enterprises, IT professionals, and users. With the growing number of mobile users accessing corporate applications or data at any time poses a great risk for organizations as well as individuals.
Desktops & Laptops:
Desktops & laptops are the traditional way of accessing computers. With the advent of technology, there has been a drastic change in how people access computers. The traditional method involves using a desktop computer and a separate monitor, keyboard, mouse and often times printer to access information stored on the computer’s hard drive or other connected devices.
Application Insights:
The BFSI application segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to factors such as increasing data breaches, rising demand for enhanced security among financial institutions, and growing concerns regarding customer data safety. The education sector is also expected to witness significant growth over the forecast period owing to rapidly increasing online educational content which demands a high level of security. In addition, an increase in cyberattacks on schools across various regions has created awareness among parents regarding secure password management tools that help safeguard student information from being hacked.
The manufacturing sector uses these tools at multiple levels including production facilities and offices amongst others as it involves handling of highly sensitive information pertaining to production assets along with other related details such as sales forecasts etcetera which needs protection from external threats especially during travels or transfers between sites.
Regional Analysis:
North America is expected to be the fastest growing market for global password management tools, owing to the presence of a large number of IT companies in this region. The increasing adoption of cloud-based services and devices is also driving growth in this region. Furthermore, North America has one of the highest penetration rates for smartphones globally, which makes it an ideal environment for mobile device management solutions as well.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period due to increased spending on infrastructure development by various governments across countries such as China and India. These governments are investing huge amounts in developing smart cities with advanced technologies such as IoT-enabled lighting systems that can be controlled using a smartphone app or via voice commands from anywhere within city limits. This will create new avenues for global password management tools providers over the next few years since these solutions help organizations manage security measures more efficiently at their premises thereby reducing costs incurred elsewhere (for instance; data protection).
Growth Factors:
- Increased awareness of the need for strong passwords and the risks of using weak passwords
- The growing number of online services and accounts that require passwords
- The increasing number of data breaches and the resulting increase in awareness of the need for password management tools
- The decreasing cost of password management tools as they become more popular
- The increasing demand for BYOD (bring your own device) policies in workplaces, which increases the need for password management tools
Scope Of The Report
Report Attributes
Report Details
Report Title
Password Management Tools Market Research Report
By Type
Mobile Devices, Desktops & Laptops, Voice Enabled Password Systems, Others
By Application
BFSI, Education, Manufacturing, Telecom & IT, Others
By Companies
Accenture, Capgemini, CGI, Cognizant, Deloitte, DXC Technology, Fujitsu, HCL Technologies, IBM, Infosys, KPIT, LTI, NTT DATA, Oracle, PwC, TCS, Tech Mahindra, Wipro, Zensar
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Password Management Tools Market Report Segments:
The global Password Management Tools market is segmented on the basis of:
Types
Mobile Devices, Desktops & Laptops, Voice Enabled Password Systems, Others
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
BFSI, Education, Manufacturing, Telecom & IT, Others
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:
- Accenture
- Capgemini
- CGI
- Cognizant
- Deloitte
- DXC Technology
- Fujitsu
- HCL Technologies
- IBM
- Infosys
- KPIT
- LTI
- NTT DATA
- Oracle
- PwC
- TCS
- Tech Mahindra
- Wipro
- Zensar
Highlights of The Password Management Tools 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:
- Mobile Devices
- Desktops & Laptops
- Voice Enabled Password Systems
- Others
- By Application:
- BFSI
- Education
- Manufacturing
- Telecom & IT
- Others
- 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 Password Management Tools 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.
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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?
Password management tools are software programs that help users create and manage passwords. They can be used to generate strong passwords, store them securely, and easily retrieve them when needed.
Some of the major companies in the password management tools market are Accenture, Capgemini, CGI, Cognizant, Deloitte, DXC Technology, Fujitsu, HCL Technologies, IBM, Infosys, KPIT, LTI, NTT DATA, Oracle, PwC, TCS, Tech Mahindra, Wipro, Zensar.
The password management tools market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Password Management Tools Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Password Management Tools Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Password Management Tools Market - Supply Chain
4.5. Global Password Management Tools Market Forecast
4.5.1. Password Management Tools Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Password Management Tools Market Size (000 Units) and Y-o-Y Growth
4.5.3. Password Management Tools Market Absolute $ Opportunity
5. Global Password Management Tools Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Password Management Tools Market Size and Volume Forecast by Type
5.3.1. Mobile Devices
5.3.2. Desktops & Laptops
5.3.3. Voice Enabled Password Systems
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Password Management Tools Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Password Management Tools Market Size and Volume Forecast by Application
6.3.1. BFSI
6.3.2. Education
6.3.3. Manufacturing
6.3.4. Telecom & IT
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Password Management Tools Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Password Management Tools Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Password Management Tools Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Password Management Tools Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Password Management Tools Demand Share Forecast, 2019-2029
9. North America Password Management Tools Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Password Management Tools Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Password Management Tools Market Size and Volume Forecast by Application
9.4.1. BFSI
9.4.2. Education
9.4.3. Manufacturing
9.4.4. Telecom & IT
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Password Management Tools Market Size and Volume Forecast by Type
9.7.1. Mobile Devices
9.7.2. Desktops & Laptops
9.7.3. Voice Enabled Password Systems
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Password Management Tools Demand Share Forecast, 2019-2029
10. Latin America Password Management Tools Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Password Management Tools Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Password Management Tools Market Size and Volume Forecast by Application
10.4.1. BFSI
10.4.2. Education
10.4.3. Manufacturing
10.4.4. Telecom & IT
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Password Management Tools Market Size and Volume Forecast by Type
10.7.1. Mobile Devices
10.7.2. Desktops & Laptops
10.7.3. Voice Enabled Password Systems
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Password Management Tools Demand Share Forecast, 2019-2029
11. Europe Password Management Tools Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Password Management Tools Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Password Management Tools Market Size and Volume Forecast by Application
11.4.1. BFSI
11.4.2. Education
11.4.3. Manufacturing
11.4.4. Telecom & IT
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Password Management Tools Market Size and Volume Forecast by Type
11.7.1. Mobile Devices
11.7.2. Desktops & Laptops
11.7.3. Voice Enabled Password Systems
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Password Management Tools Demand Share, 2019-2029
12. Asia Pacific Password Management Tools Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Password Management Tools Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Password Management Tools Market Size and Volume Forecast by Application
12.4.1. BFSI
12.4.2. Education
12.4.3. Manufacturing
12.4.4. Telecom & IT
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Password Management Tools Market Size and Volume Forecast by Type
12.7.1. Mobile Devices
12.7.2. Desktops & Laptops
12.7.3. Voice Enabled Password Systems
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Password Management Tools Demand Share, 2019-2029
13. Middle East & Africa Password Management Tools Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Password Management Tools Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Password Management Tools Market Size and Volume Forecast by Application
13.4.1. BFSI
13.4.2. Education
13.4.3. Manufacturing
13.4.4. Telecom & IT
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Password Management Tools Market Size and Volume Forecast by Type
13.7.1. Mobile Devices
13.7.2. Desktops & Laptops
13.7.3. Voice Enabled Password Systems
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Password Management Tools Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Password Management Tools Market: Market Share Analysis
14.2. Password Management Tools Distributors and Customers
14.3. Password Management Tools Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Accenture
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Capgemini
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CGI
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cognizant
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Deloitte
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DXC Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fujitsu
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. HCL Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. IBM
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Infosys
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. KPIT
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LTI
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. NTT DATA
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Oracle
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. PwC
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. TCS
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Tech Mahindra
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Wipro
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Zensar
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
