1Password's Shift Toward Access Governance
1Password at $265M ARR
The real risk is not that passwords disappear, it is that basic credential storage gets pulled into the operating system and identity stack, leaving 1Password with less room to own the user relationship. Apple now ships a dedicated Passwords app that stores and shares passwords, passkeys, and verification codes across devices, while Okta offers a free personal vault. That pushes 1Password to win in team workflows, where shared access, audit trails, device policy, and developer secrets matter more than simple autofill.
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1Password grew by turning a personal vault into a team system of record. Shared vaults let a company keep logins, API keys, and cards in one place, then give each employee the right access. That motion helped B2B revenue rise to 60% of total revenue, from 33% in 2019.
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Passwordless does not remove the need for a control layer, it changes what that layer manages. 1Password has been building passkey support and passwordless unlock, trying to manage passkeys and sign in methods the same way it once managed passwords.
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The comparison set shows the market splitting in two. Consumer password storage is getting commoditized by Apple, Google, and free offerings like Okta Personal, while enterprise identity and access is being bundled into bigger systems from Okta, Rippling, Microsoft Intune, and dev tools like HashiCorp.
The next phase is about becoming the layer that governs access across every sign in method. If 1Password keeps embedding into onboarding, device management, and developer infrastructure, passwordless can expand its role rather than shrink it. The winning product will not just remember credentials, it will decide who gets access, on which device, and leave a clean record behind.