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Global Password Manager Market Report 2023DUBLIN, Jan. 30, 2024 /PRNewswire/ -- The "Password Manager Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering. The global Password Manager Market was valued at USD 1.97 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 27.93% through 2028, Password management (PM) technologies enable users to reset clients' passwords following an account lockout or when individuals forget their credentials. Additionally, PM tools can synchronize passwords for users across many platforms, enabling users to log into numerous applications using a single password. As more and more financial and personal information is kept online, the demand for complex passwords and safe means to store them has led to the development of password managers. According to Keeper Security, inadequate password security accounts for more than 81% of data breaches. Increasing cybersecurity concerns are serving as a potent catalyst for the robust growth of the global password manager market. In an era marked by relentless cyber threats, data breaches, and identity theft incidents, the imperative to fortify digital defenses has never been more pronounced. Consequently, individuals and organizations alike are turning to password managers as an indispensable shield against the ever-present dangers lurking in the digital landscape. One of the primary drivers of this phenomenon is the escalating sophistication and frequency of cyberattacks. Cybercriminals are continuously honing their methods to exploit vulnerabilities in password security, making it imperative for users to adopt more resilient authentication practices. Password managers offer a reliable solution by generating and securely storing complex, unique passwords for each online account, rendering them impervious to brute-force attacks and password guessing. Rising Cybersecurity Concerns:
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Competitive Landscape Company Profiles: Detailed analysis of the major companies presents in the Global Password Manager Market.
Report Scope: Global Password Manager Market, By Solution Type:
Global Password Manager Market, By Technology Type:
Global Password Manager Market, By End-user Vertical:
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