Password Management Services for Midsize Firms

Today, password management services are more necessary than ever. So much so, in fact, the market is set to reach a new height in the next five years. Everyone has to remember passwords for all sorts of social and financial accounts. It is an even greater problem when employees fail to remember — something firms do not have time for when data security is top of mind.

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According to new research by MarketsandMarkets, the password management market will top $709.6 million by 2019, with an increase of more than $300 million predicted for 2014. This amounts to a compound annual growth rate (CAGR) of nearly 18 percent over five years.

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