Online:
Visits:
Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Increasing need for Securing Valuable Data has increased the demand for Password Management Market

Friday, March 17, 2017 3:49
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Passwords provide a line of defense against unauthorized access. A password manager is a software application that helps users to organize and manage their passwords. Password management is not just beneficial for individuals but also for enterprises. Often companies require that the passwords are reset after regular intervals which may be tedious for some employees.

Access Full Research Report on Password Management Market: http://www.grandviewresearch.com/industry-analysis/password-management-market

The increasing number of complex systems and strict rules for creating and changing passwords has heightened the need for a password management solution among enterprises. Forgotten and hacked passwords may cause a delay and loss for the individual or the enterprise. These issues can be overcome with a password management solution. Password management solutions may be self-service or privileged. Self-service solutions enable employees to reset the password on their own without the need for any helpdesk. Privileged password management solutions maintain passwords through methods such as session recording, frequent randomization, and automated resets. The increasing need for securing valuable data has increased the demand for password management solutions.

The password management market is expected to witness strong growth in the coming years. This may be attributed to the growing number of password protected accounts and rising number of associated cyber threats. Key drivers for the market’s growth are the strict regulatory compliance and increasing the number of password reset mechanisms. However, the low success rate of such projects and growing customization requirements could pose a restraint for the market’s growth. Use of cloud technology and development of attractive pricing models may provide a substantial growth opportunity for the global market.

Read Our Blog: http://www.grandviewresearch.com/blogs/technology

Key players in the global password management market are Microsoft Corporation, IBM Corporation, CA Technologies Inc., Avatier Corporation, Dell Inc., Hitachi ID Systems Inc., Knowledge Secure Systems Ltd., FastPassCorp, Sailpoint Technologies, Curion Corporation and Google Inc. among others. 

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Informationwww.grandviewresearch.com

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.