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Password Management Market 2015 Reviews, Research, Trends and Forecast to 2019

Global password management market to grow at a CAGR of 16.33 percent over the period 2014-2019.


Deerfield Beach, FL -- (SBWIRE) -- 07/20/2015 -- Global Password Management Market 2015-2019

About password management

Password management is a software solution that helps to store and organize passwords. It is widely used by the end-users to secure, audit, manage, and monitor all activities associated with privileged accounts. This solution helps to secure the privileged users' accounts that exists on network appliance, server, and desktop operating system of an IT infrastructure. Password management is used as a tool for governance and information security.

Global password management market to grow at a CAGR of 16.33 percent over the period 2014-2019.

A password management system helps manage passwords and secure valuable organizational data by providing automated encrypted solutions. Password management solutions are widely used by end-users to secure, audit, manage, and monitor all the activities associated with privileged accounts.

These systems have seen increased demand as employees turn to mobile devices for their business needs.

"The increased demand for uninterrupted connectivity between a corporate network and an employee's mobile device has led to the high adoption of password management in enterprises,".

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Covered in this report

This report covers the present scenario and the growth prospects of the global password management market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from password management software licenses, implementations, subscriptions, support, maintenance, and professional services.

Global Password Management Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

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The new report also emphasizes technological advances that are driving vendors to offer SaaS-based password management solutions to their customers.

Organizations are adopting these solutions because of the benefits they offer, including the availability of pay-per-use models and the provision of instant access. The increasingly complex requirements of companies has led to a surge in demand for SaaS-based password management solutions.

"SaaS-based solutions are outpacing traditional software and service-based password management solutions because of their considerable flexibility,"