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(IT-NEWSWIRE.COM, July 05, 2018 ) Global Password Management market is accounted for $352.03 million in 2015 and is expected to reach $1,242.33 million by 2022 growing at a CAGR of 19.7%. Usage of applications among individual users and major enterprises are some of the factors encouraging the growth in market. There have been increase in number of ways to reset passwords coupled with exponential decrease of the price of help desks and strict mandatory regulations by authorities are some among the many factors driving market. However, malpractices like customization requirements, synchronization and extensions are the factors restraining the market.
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Self-Service Password Reset segment is expected to be dominant in the market, on account of heavy usage among Small Business enterprises in order to the proper usage of security measures for threats and mandate compliance. Moreover, Privileged User Password Management segment is expected to be the fastest growing market. North American market is accounted to be the dominant among others, which is favored by increase in cyber threats and measures taken to eradicate such malpractice in this particular region.
Some of the key players of the Password Mangement market include Avatier Corporation., CA Technologies, Courion Corporation, Dell Sonicwall, Fastpass Corp, Google Inc., Hitachi ID Systems, IBM Corp., Knowledge Secure Systems Ltd, Microsoft Corp., NetiQ Corp. and Sailpoint Technologies.
Organizations Covered: - Enterprises - Medium-Sized Businesses - Small-Sized Businesses
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Verticals Covered: - BFSI - Education - Energy, Oil & Gas - Healthcare - Manufacturing - Public Sector & Utilities - Retail & Wholesale Distribution - Telecom & IT - Others Verticals
Access Covered: - Desktop - Mobile Devices - Voice Enabled Password Reset
Deployments Covered: - Hosted - On-Premise
Types Covered: - Self-Service Password Reset - Privileged User Password Management
Get more information @ http://www.reportsweb.com/password-management-global-market-outlook-2016-2022
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Rajat Sahni
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Source: EmailWire.Com
Source: EmailWire.com
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