What is the future of self hosted password managers?
Self hosted password managers appeared in the enterprise market as the primary solution to store sensitive information inside the company.
Nobody from the outside can access data.
If anything, the IT people are there to help.
You are in complete control.
Yet, we all know how the market goes.
New and sophisticated password managers showed up – from SAAS to cloud-based to custom enterprise solutions. With each improved and updated tool, what was most popular at first might suddenly become the last option out there. So how does the future of self hosted password managers look like?
The struggle to keep up
Although at first self hosted password managers seemed like the single company-perfect choice, it appears to be losing this title.
At first, it was only a benefit to store the data in internal servers. Now, in the Covid-19 world, remotely working people need access wherever they are.
At first, the idea that the IT staff will maintain the tool was reasonable. Now, the rates and complexity of cyberattacks are growing. Most companies do not have enough human resources nor (highly advanced) knowledge to keep up.
It’s not only the setup and a few bugs to fix anymore. The IT staff is now responsible for the system updates, adaptation according to market innovations, and serious security improvements too.
There’s always a but
On the other hand, data management policy is still there. Many companies have no other choice but to store their data internally. Therefore, self-hosted versions are unlikely to disappear for good.
Throughout the past years, password management solutions evolved. For instance, modern self hosted password managers are usually fully or partially maintained and updated by the provider. The company stores the data internally; the vendor carries out regular maintenance.
This becomes a popular decision because the company receives an up-to-date product without investing a tremendous amount of money in cybersecurity improvements and human resources.
Self hosted password managers are there to stay
To sum up, it is more likely that self hosted password managers will stay rather than disappear.
The most-likely shift will be related to the question of maintenance. Assumably, tool providers will take it over since it will be too expensive and complicated to do this for a company itself.
PassCamp is an example of such a forward-looking provider. PassCamp offers a cost-effective, all-included, secure password vault that takes care of all the maintenance for you.
You can host the password manager on your server, private cloud, or Kubernetes. The priority support, automatic updates, and cross-platform sync is there for your higher work efficiency and saved money.
Find the options that match your company’s needs and reach out to learn more. Join thousands of teams already on board and take a step towards a progressive and secure enterprise future today.
