Security News > 2022 > March > Password management market to reach $2.9 billion by 2027

The global password management market size is expected to reach $2.9 billion by 2027, rising at a market growth of 20.7% CAGR during the forecast period, according to ResearchAndMarkets.

Password management is a software solution that helps IT administrators manage and organize passwords on servers, network appliances, and computer systems.

Password management market growth factors Rising prevalence of cyber-attacks.

Password management is a robust approach to ensure enterprise security by making it easier to store and secure complex account credentials.

Global organizations are increasingly using password management solutions to simply reset and manage their passcodes.

As the quantity of online transactions grows, password management has become increasingly important for protecting online information and preventing online fraud.

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https://www.helpnetsecurity.com/2022/03/22/password-management-market-2027/