Global Password Management Market Hits $2.2 Billion in 2022, Signaling the Crucial Role of Cybersecurity
DUBLIN, Sept. 13, 2023 /PRNewswire/ -- The "Password Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
In today's digital landscape, safeguarding sensitive data is paramount. Passwords serve as the first line of defense, and password management solutions are vital for securing these critical access points. Password management software assists in organizing and securing passwords across IT infrastructures, making them indispensable for information security and governance.
The rise of cloud computing, IoT, and digital frameworks worldwide has driven the adoption of password management solutions. Enterprises, in particular, are turning to these systems for cost-effective and time-saving benefits, including automated password resets, passcode randomization, and session recordings. With the surge in online transactions, password management plays a pivotal role in protecting online information and combating online fraud.
Stringent cybersecurity measures, including complex password generation rules, have further fueled the adoption of password management systems. As security breaches by hackers continue to rise, these systems, whether on-premise or in the cloud, are becoming indispensable.
The latest report from [Publisher Name] delves deep into the global password management market, covering macro and micro aspects, recent trends, key drivers, challenges, SWOT analysis, Porter's five forces analysis, and value chain analysis. This comprehensive report is a must-read for industry players, investors, researchers, consultants, and business strategists looking to enter the password management market.
Key Market Segmentation:
The competitive landscape of the industry features prominent players including Avatier Corporation, CA Technologies (Broadcom Inc.), Centrify Corporation, Core Security Technologies, FastPassCorp A/S, Google LLC, Hitachi ID Systems, Inc., International Business Machines (IBM) Corporation, Microsoft Corporation, Micro Focus International PLC, NetIQ Corporation, SailPoint Technologies Inc., and SonicWall Inc.
Key Questions Answered in This Report:
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