Thursday 14 May 2015, Amsterdam
The report recognizes the following companies as the key players in Global Password Management Market 2015-2019: Avatier Corp, Courion Corp, FastPass Corp, Hitachi ID Systems Inc and IBM Corp.
Other Prominent Vendors in the market are: CA Technologies, Centrify, Dell SonicWall, Google, Microsoft, NetIQ, Quest Software, SailPoint and Symark International
The report said: “The popularity of SaaS-based solutions is a major trend in this market. Technological advances have forced vendors to offer SaaS-based password management solutions to customers. Companies from different sectors are increasingly adopting password management solutions because of the wide array of benefits offered such as low investment costs and the availability of pay-per-use models.”
According to the report, one of the major drivers in the global password management market is the increased use of smart devices. The increased usage of smart and mobile devices and tablet computers has given rise to many identification and security issues. With these devices, employees can access confidential information such as corporate emails and applications as well as business-critical information.
Further, the report states that the lack of efficient security measures is a major challenge for the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.