Keeper Security ranks second fastest-growing in market

Keeper Security ranked as the second fastest-growing company in the global security software market in 2025, based on Gartner market share analysis.

The company reported year-on-year global revenue growth of 53.42%, compared with a market average of 15.50%. Google was the only company ahead of it in the analysis.

According to the same analysis, the broader security software market reached USD $111 billion in 2025. Keeper also reported a five-year compound annual growth rate of 62%.

Growth drivers

Keeper attributed its recent expansion largely to adoption of KeeperPAM, its privileged access management product, which combines password management, secrets management, privileged session management and endpoint privilege management in a single system.

That focus puts the company in a segment of the cyber security market seeing strong demand from organisations seeking to control access to critical systems, administrator accounts and machine identities. Vendors in this area have also expanded their offerings as customers reduce the number of separate security tools they use.

Gartner identified four broad factors behind the performance of the market's fastest-growing suppliers: wider use of generative AI in security products, demand for broader software suites, regional go-to-market execution, and the ability to respond to regulation and economic pressure.

Keeper cited several developments that it said supported growth, including the launch of KeeperAI for threat detection in privileged sessions, expansion in Japan, broader distribution through channel relationships, and a series of compliance certifications and attestations for public and private sector customers.

Global expansion

It said annual recurring revenue in Japan had tripled and highlighted work with distributors and partners including Ingram Micro and immixGroup as part of a broader channel strategy.

Keeper said it remains debt-free and has funded expansion through EBITDA reinvestment. It has also added senior executives including Chief Information Security Officer Shane Barney and Chief Revenue Officer Tim Strickland.

The business said it serves more than 92,000 organisations in more than 150 countries. Its products are designed to manage access for employees, contractors, systems, machine identities and AI agents.

AI strategy

In comments accompanying the announcement, the company outlined its view of the market shift around AI and identity security.

"AI is the most significant technology enablement layer since the invention of electricity, and is forcing technology companies to reinvent themselves. Keeper was built to be the preeminent identity security platform for enabling AI agents, non-human identities and machines to transact in the enterprise. Keeper's extraordinary growth validates that organizations are moving away from fragmented point solutions in favor of a unified, zero-trust platform that manages every identity with visibility, security, governance and compliance," said Darren Guccione, Chief Executive Officer and Co-founder, Keeper Security.

Platform focus

Privileged access management has become a more competitive area of cyber security as vendors respond to attacks targeting admin credentials, cloud infrastructure and service accounts. Keeper has sought to differentiate itself by combining password vaulting, secrets storage and session oversight on the same platform.

The company said its product line also includes quantum-resistant encryption and tools to govern AI-related access. It cited the release of Model Context Protocol and agent kits as part of that effort.

Technical Co-founder Craig Lurey said those changes were part of a broader response to shifts in software development and infrastructure.

"Modern software development and enterprise infrastructure demand security that is fast, scalable and secure by design. From launching Model Context Protocol (MCP) and agent kits for AI governance to integrating quantum-resistant encryption, we are ensuring that our customers remain resilient against both the threats of today and the seismic shifts of tomorrow," said Lurey.