The Worldwide Password Management Industry is Expected to Reach $2.9 Billion by 2027 – ResearchAndMarkets.com>
Research And Markets
The Global Password Management Market size is expected to reach $2.9 billion by 2027, rising at a market growth of 20.7% CAGR during the forecast period. Market Growth Factors: Rising prevalence of Cyber-attacks Rising adoption of cloud-based databases and processes Marketing Restraining Factor: Security and privacy-related risks In 2020, the IT & Telecom segment dominated the password management market by acquiring the substantial revenue share of the market. The small and medium-sized organizations segment followed the large organizations segment by accounting for the second highest revenue share of the password management market in 2020. n 2020, the mobile devices segment acquired a significant revenue share of the password management market. Europe followed North America and acquired the second largest revenue share. The continuously increasing development of the password management market of Europe is the result of an increasing number of research and development across the region. Based on the Analysis presented in the Cardinal matrix; Microsoft Corporation is the major forerunner in the Password Management Market. Companies such as Dell Technologies, Inc., Hitachi, Ltd., Centrify Corporation are some of the key innovators in the Market.
Link: https://www.researchandmarkets.com/reports/5553149/global-password-management-market-by-type-by-end?utm%E2%80%94source=BW&utm%E2%80%94medium=PressRelease&utm%E2%80%94code=j6jjrp&utm%E2%80%94campaign=1