Global Password management Market Trends, Growth and Forecast up, 2014 To 2020 by Grand View Research Inc

Password management projects are preferred over user provisioning projects owing to identical team requirements, shorter implementation time and simplicity. Additionally, users can be trained directly to change their passwords routinely or reset the forgotten password. Configuration and deployment can generally be completed in 5-15 days depending on the size of the organization. Helpdesk can also be trained in minutes to use the system. Once deployed the system enables cost saving by reducing password related help desk queries.

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Password management is used in various industries including telecommunication, BSFI, government, manufacturing, education & research, healthcare, and energy. Telecommunication and government are expected to grow at a considerable rate over the forecast period. This system is used for secure communication services, cyber security, and countering spam technically. There are various security recommendations by ITU for data and information security.

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Some of the major players providing password management solutions are Avatier, Curion Corporation, CA Technologies, Hitachi ID System, Dell, FastPass Corporation, Microsoft, IBM, Knowledge Secure System, and SailPoint. IBM Corporation offers KeePassX an open source password manager, which can be used on platforms including Linux, Windows, and Mac. It also offers auto-type feature, which can automatically enter passwords on web pages. The solution uses a 256-bit encrypted file for data storage.

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