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    SAPM take up to reach 50%, says Gartner

    Mon 16-Jun-2008

    More than half of large companies worldwide will use software tools to manage shared-account passwords by the end of 2010, one analyst has said.

    Gartner revealed that as the number of firms using software tools for shared accounts grew 50 per cent worldwide last year, the shared-account password management (SAPM) market will continue to show strong growth until the majority of firms use it.

    Ant Allan, the analyst's research vice president, said compliance has further driven growth of SAPM tools from the larger financial services companies across a variety of industries.

    "SAPM tools can minimise the risks associated with the use of shared accounts, improve regulatory compliance, and reduce operational costs," he added.

    He concluded the tools are now the "best practice for managing shared-account passwords".

    Gartner revealed last week that worldwide PC shipments look on track to reach 297 million units this year which would represent growth of 13 per cent compared to last year.
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