The Latin America, Middle East and Africa Password Management Market would witness market growth of 24.5% CAGR during the forecast period (2021-2027).
Password management sub-solution, such as self-service password management and privileged password management, can readily resolve these concerns. Self-service password management allows users to generate their own passwords without requiring assistance from the help desk. Privileged password management market solutions provide privileged account password management through frequent password randomization, privileged session recording, automated password resets, and other methods. These solutions cut queues at the helpdesk and boost company efficiency.
LAMEA has a huge number of startups intended to offer password management tools and services to various large-sized, medium-sized, and small-sized enterprises across the region. Moreover, countries like Brazil and Argentina comprise a robust password management infrastructure that is focused on serving large enterprises of the region. In addition, various companies of Brazil with robust networks and highly specialized IT experts are offering the latest and next-generation password management solutions intending to offer enhanced security and privacy to enterprises while eliminating the occurrence of unauthorized accesses, which would further enhance the development of password protection as well as cloud security in the country.
The Brazil market dominated the LAMEA Password Management Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $66.5 million by 2027. The Argentina market is anticipated to grow at a CAGR of 25.2% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 24.2% during (2021 - 2027).
Based on Type, the market is segmented into Self-service and Privileged. Based on End User, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail & Wholesale Distribution, Public sector & Utilities, Education, Manufacturing, and Others. Based on Organization Size, the market is segmented into Large Organizations and Small & Medium Organizations. Based on Access, the market is segmented into Desktops & Laptops, Mobile Devices, Voice-enabled Password Systems and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Password Management Market is Predict to reach $2.9 Billion by 2027, at a CAGR of 20.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Broadcom, Inc. (CA Technologies, Inc.), Dell Technologies, Inc., Hitachi, Ltd. (Hitachi ID Systems, Inc.), Microsoft Corporation, Knowledge Secure Systems Ltd., Avatier Corporation, Delinea, FastPassCorp A/S, and Core Security (HelpSystems, LLC).
By Type
By End User
By Organization Size
By Access
By Country
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