The anticipated growth during the forecast period is driven by the ongoing evolution of password manager technology, the incorporation of biometric authentication for heightened security measures, a growing emphasis on user convenience and seamless experiences, increasing demand for multi-factor authentication solutions, and the sustained expansion of online activities and remote work setups. These factors collectively contributed to the heightened demand for cybersecurity solutions and services, as individuals and organizations sought to safeguard their digital assets and sensitive information from evolving cyber threats.

The growth observed in the historic period can be attributed to several factors, including the increasing awareness of cybersecurity threats, a rise in the number of online accounts and passwords, high-profile data breaches and identity theft incidents, the growing adoption of digital services and e-commerce, and regulatory requirements for stronger password security. It will grow to $6.8 billion in 2028 at a compound annual growth rate (CAGR) of 22.1%. The password manager market size is expected to see exponential growth in the next few years. It will grow from $2.5 billion in 2023 to $3.06 billion in 2024 at a compound annual growth rate (CAGR) of 22.4%. The password manager market size has grown exponentially in recent years. Dublin, Ap(GLOBE NEWSWIRE) - The 'Password Manager Global Market Report 2024' report has been added to 's offering.

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