1Password has shared an update.
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The company highlighted survey findings that 70% of IT and security professionals believe single sign-on (SSO) alone is insufficient to secure modern decentralized, SaaS- and AI-driven environments. According to the post, about one-third of business applications operate outside SSO coverage, creating gaps in visibility and control that can lead to unnecessary SaaS spending, unsanctioned access, and potential compliance failures. 1Password’s accompanying blog discusses why SSO is not fully addressing current security needs, how shadow IT and unmanaged SaaS expand risk exposure, and steps IT leaders can take to discover, manage, and secure all SaaS applications in use.
For investors, this communication underscores 1Password’s strategic positioning in identity and access management beyond traditional SSO. By emphasizing pain points such as shadow IT, unmanaged SaaS, and compliance risk, the company is signaling a broader product and market focus, potentially supporting demand for solutions that give enterprises centralized control over growing SaaS footprints. As organizations grapple with rising security and regulatory pressures, tools that extend visibility and access governance beyond SSO may see increased budget allocation. If 1Password can effectively monetize these capabilities and differentiate from pure-play SSO providers and other identity platforms, it could strengthen its competitive standing and expand its addressable market in the enterprise security segment.

