TMCNet: MarketsandMarkets: Password Management Market Projected to $709.6 Million by 2019

[November 07, 2014]

MarketsandMarkets: Password Management Market Projected to $709.6 Million by 2019

(M2 PressWIRE Via Acquire Media NewsEdge) According to a new market research report "Password Management Market by Type (Self Service Password Reset, Privileged User Password Management) & by Access (Desktop, Mobile Devices, Voice Enabled Password Reset) - Global Advancements, Forecasts & Analysis (2014-2019)",by, MarketsandMarkets,segments the global market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with insights into trends, opportunities, and challenges.

Browse more than 65 market data tables and 14 figures spread through 152 pages and in-depth TOC on Password Management Market - Global Advancements, Forecasts & Analysis (2014-2019) http://www.marketsandmarkets.com/Market-Reports/password-management-market-105325287.html Early buyers will receive 10% customization on reports.

Request Sample of This Report @http://www.marketsandmarkets.com/requestsample.asp?id=105325287 The complex and strict, password creation rules and regulations by government are playing a major role in shaping the future of password management market.

On the other hand, the fact that increased numbers of accounts maintained by each individual makes it difficult to remember so many passwords. This results into forgotten password and locking of important accounts. Due to this, the password management need is not only restricted to enterprises, but also the individual users are also looking forward to password management solutions, as a must have security tool. There has been an immense increase in the adoption of password management solutions because it has enables the organizations to reduce the cost associated with the helpdesk.However the growing need for built-in synchronization, customization and extension requirement is restraining the growth of this market.

MarketsandMarkets has segmented the global Password Management market by type of password management solutions: self service password management, and privileged user password management; by various access types: desktop, web and telephone; by deployment model: hosted and on-premise; by industry verticals: BFSI, Telecom and IT, Energy ,Oil and Gas, Public Sector, Manufacturing, Education, Healthcare, Retail and Wholesale Distribution, and others; by organization size: Small sized business, Medium sized business, and Enterprises;and by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA).

The major forces driving this market are strict regulatory mandates, increase in number of methods password can be reset and the reduction in cost associated to the helpdesk due to adoption of password management solutions. The prime opportunities which are expected to boost this market are increasing market for cloud services and increasing adoption of self service password reset market by Small and Medium size Business (SMB).

MarketsandMarkets expects that the global Password Management market is estimated to be $311million in 2014 and is expected to grow to $709.6million in 2019.

This represents an estimated Compound Annual Growth Rate (CAGR) of 17.9% from 2014 to 2019. In the current scenario, NA is expected to be the biggest market on the basis of spending and adoption for the Password Managementsolutions. MarketsandMarkets further expects that the increasing Password Management markets by SMBs will further enhance the growth of the market.

For more Inquiry:http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=105325287 About MarketsandMarkets MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more han 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

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