The password management market will be worth around USD 7.33 billion by 2028. At present, the market is valued at USD 2.09 billion.
Basically, password management solutions are all about empowering users to reset passwords in case of a lockout. Besides, as we all tend to forget our mail credentials, the reliance on PM solutions is almost constant.
Password management is a line of security against unwanted access to systems, applications, and data as cyber threats become more complex and potent.
Businesses develop solutions in response to mounting demand to deploy digitally revolutionary technology, raising their degree of risk.
Security concerns and fear of losing data have forced enterprises to implement password management solutions heavily.
Due to the existence of many IDs and passwords handled by apps, which further increases the sensitivity of the data, a security breach from the standpoint of the password manager is anticipated to be catastrophic.
This edition compiles all the information required from a password management solutions perspective. Our experienced professionals and writers have invested time and effort into assembling the latest data.
Additionally, we have also included a list of the top 10 password management solution providers.