9 Best Password Management Software

Dashlane offers customer support via live chat, ticket, and a knowledge base. If you’re looking for a no-frills password manager that’s easy and simple to use, then True Key is the way to go, especially if you’re operating a small business and need something with strong security. Keeper offers more flexibility than many password managers regarding what data you can store.

Products In Password Management Tools Market

And the companies developing these systems are highly reputable cybersecurity providers. In short, businesses aren’t really secure until they have a secure password management system. I was able to change the settings to automatically remove all business passwords from a user’s account when offboarding them. Password Boss is an intuitive password manager that offers an easy-to-use admin dashboard and a good range of features. When I tested Password Boss, I found it easy to navigate around the admin dashboard and onboard new team members. Setting security policies was also straightforward, and I had no issue connecting Microsoft Active Directory and Azure.

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They’ll be able to use RoboForm for website login purposes only, and they won’t have access to the actual passwords. Regional analysis is another highly comprehensive part of the research and analysis study of the global Password Management Tools market presented in the report. This section sheds light on the sales growth of different regional and country-level Password Management Tools markets.

It also has one of the best password organization systems, and  it supports multi-factor authentication. Zoho Vault helps you at home and work as it includes collaboration features, syncs across all devices, has browser extensions, imports passwords from browsers, and handles multipage logins easily. Dashlane performs all the basic and advanced tasks we expect from a password manager. Plus, it comes with a VPN and a dark web monitor, retains a history of your logins, and scans your accounts for weak and compromised passwords. It is extremely rare for a password manager to get hacked as information is stored and encrypted carefully.

Apple iCloud Keychain

It is probably one of the more technical options available, with a learning curve that could annoy professionals not too familiar with open-source coding. 1Password is a great choice for businesses with more than just passwords in need of security. Bigger organizations will need to contact 1Password to find out about Enterprise tier pricing.

Products In Password Management Tools Market

Dashlane is best for any business willing to pay a premium for password and account security to protect against data breaches. Dashlane’s ability to state that it has never once suffered a data breach in its entire history is a very strong selling point. For that reason, we consider it one of the best and most reliable password managers on the market. Ultimately, we chose Norton because it’s a great freeware option for anyone looking for a simple and easy system that will let them keep track of an unlimited number of passwords. Everything you need is all in one program; you can make any changes you need with a single touch. Its simplicity, efficiency and availability of a free version make this product a great entry point for password security services.

What are the driving factors for the growth of the Password Management Tools Market?

Besides Bitwarden’s cloud servers, you can also use local data storage to store your data. This password manager uses two-factor authentication and secure file storage to keep your information protected. enterprise password management cloud It also provides many practical features that personal users will appreciate. These include version history, which can restore previous versions of your records as needed if something goes wrong.

However, it is limited to only one user and is only accessible to one device at a time. Certain features, such as the ability to identify weak passwords or scan the internet for leaks, aren’t available. The freeware may let you store an unlimited number of passwords, but it is so limited that you should probably consider the premium version rather than a free account.

Best overall password manager

It helps employees to address issues faster and more effectively for the queries that entail human intervention, resulting in improved user experience. According to SailPoint Inc, the clientele was saving nearly USD 250,000 per year due to implementation of self-service capabilities. It also enables a protected self-service platform for resetting accounts and unlocking passwords, while giving the staff time to spend on more complex projects or user issues. Numerous enterprises don’t prioritize the security measures implicated by data loss and consumers’ privacy concerns.

Products In Password Management Tools Market

According to Verizon Data Breach report 2019, 60% of the cyber-attacks were targeted toward mid-sized industries and 43% toward small enterprises. Poor construction, app-management issues, and password manager flaws lead to data losses, business losses, and financial losses, limiting the company’s overall growth. Hackers frequently target digital identities that have weak password policies. Businesses tackle these attacks by implementing biometric login services including face recognition, fingerprint, and voice-enabled systems. These aid in reducing the hassle of managing multiple alphanumeric passwords and improving secureness.

Further Reading

As it offers a wide range of tools, you’ll need to contact its sales team to find out how much it will cost your business to use its services. You can also request a demo and try it out with a 30-day free trial before committing. CyberArk is an enterprise-grade software focused on securing an entire company’s IT systems. This means CyberArk is best for large corporations that need sophisticated tools to manage and secure a huge amount of sensitive data. If you’re looking for a password manager for a small or medium business, you’d be better off with an easier-to-use option like 1Password.

  • While not as robust as Bitwarden’s free tier, NordPass’s free plan is more than serviceable.
  • As it offers a wide range of tools, you’ll need to contact its sales team to find out how much it will cost your business to use its services.
  • NordPass estimates that the average internet user has between 70 and 80 passwords.
  • Plus, it comes with a VPN and a dark web monitor, retains a history of your logins, and scans your accounts for weak and compromised passwords.

Instead of struggling to memorize logins for every account, password managers let you store all account information in a centralized and encrypted vault, accessible through a single master password. Knowing that one login is all you need, saving you a headache and letting you drastically reduce concerns over hacking or identity theft. Statistics for the 2023 Password Manager market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Password Manager analysis includes a market forecast outlook to 2028 and historical overview. Leading market players are introducing innovative password manager solutions to meet the needs of consumers.

Keeper Business

Many password managers also offer free tiers, but they almost always come with limitations on features or device allowance. However, some services, like Bitwarden, allow for unlimited vault entries on unlimited devices on their free plan. Most password managers also offer either a free trial or a money-back guarantee, so you can try them risk-free. The IT and telecom sector is poised to hold the largest market share in 2022. This is due to the vast implementation of networking services and infrastructure expansions in several countries.


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