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AWS Secrets Manager vs Intercede MyID PSM (Password Security Management) comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Feb 1, 2026

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Categories and Ranking

AWS Secrets Manager
Ranking in Enterprise Password Managers
3rd
Average Rating
9.0
Reviews Sentiment
6.8
Number of Reviews
17
Ranking in other categories
Secrets Management Tools (3rd)
Intercede MyID PSM (Passwor...
Ranking in Enterprise Password Managers
37th
Average Rating
9.0
Reviews Sentiment
7.8
Number of Reviews
2
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of August 2026, in the Enterprise Password Managers category, the mindshare of AWS Secrets Manager is 13.9%, down from 17.2% compared to the previous year. The mindshare of Intercede MyID PSM (Password Security Management) is 0.6%, up from 0.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Enterprise Password Managers Mindshare Distribution
ProductMindshare (%)
AWS Secrets Manager13.9%
Intercede MyID PSM (Password Security Management)0.6%
Other85.5%
Enterprise Password Managers
 

Featured Reviews

Mahadev Metre - PeerSpot reviewer
Dev Ops Engineer at Paydoh
Consistent security and efficiency improvements optimize IT infrastructure with effective management
When creating AWS Secrets Manager, it should be automated using tools such as Terraform, Puppet, or Ansible. With Terraform code, you specify the encryption key, secret name, rotation policy, and secret replication. Human error occurs when feeding secret values manually, especially with large amounts of secrets to input. Secrets should never be protected only by IAM. They should be protected by multiple layers, such as IAM and one or two KMS keys. Additional security measures could be beneficial if necessary. The rotation policy is crucial because some secrets may become obsolete, require updates, or get compromised. With a weekly rotation policy, if unauthorized access occurs, the exposure is limited to seven days. The rotation policy can be customized according to needs.
Robin Schechinger - PeerSpot reviewer
Product Owner at Telekom Deutschland GmbH
A tool to encrypt and decrypt emails that can also be useful for general access management
I rate the initial setup process of Intercede MyID an eight on a scale of one to ten, where one is difficult, and ten is easy. The solution was deployed throughout the whole organization, meaning the solution was rolled out in my company, and that's it. The solution was deployed in a couple of days. Two people were required for the solution's deployment and maintenance phases.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"AWS Secrets Manager is used for storing secret information that has to be a secret from your customer and your employees."
"The solution is very scalable."
"I would recommend everyone to use AWS Secrets Manager for their security and for storing their passwords, because I see that passwords nowadays are easily compromised."
"All our workloads are running on AWS, so integration with our workload is much easier on AWS Secrets Manager than going with another solution such as Thycotic."
"I would highly recommend AWS Secrets Manager for secret management in AWS."
"AWS Secrets Manager has impacted my organization positively through security improvements because on that basis, I can rotate my keys and passwords at a certain time."
"The API is fine and works well."
"The product is easy to use and is inexpensive."
"The feature for signing documents is important to me."
"The most valuable feature of the solution is the access management."
 

Cons

"The solution's initial setup process is complicated."
"AWS Secrets Manager could support hybrid infrastructure."
"There is room for improvement in terms of integrating with certain other platforms."
"The only concern with AWS Secrets Manager is its cost, which can be prohibitive for small organizations."
"There is a need for better environmental implementation, such as having a security fund as a solution."
"The price of the solution could improve."
"It would be good if the AWS Secrets Manager were more customizable."
"There is room for improvement in the pricing model."
"I'm not sure whether the solution has a mobile version or mobile dashboard, but that would be nice."
"Reporting features would be a good addition to Intercede MyID, as it is one of the areas where the solution lacks."
 

Pricing and Cost Advice

"The cost is somewhat high."
"We purchase a monthly license for the product."
"We've observed that AWS Secrets Manager pricing is based on a per-secret-per-month model. As a result, we prefer to divide our secrets into individual pieces to increase security and grant specific access permissions to certain secrets, systems, or individuals. However, this approach results in higher costs. Therefore, we have been exploring ways to combine our secrets into groups to reduce expenses and simplify management. Nonetheless, we acknowledge that this issue may not be related to the secret manager's functionality."
"I don't believe there is a license cost for the solution."
"The solution is expensive."
"I rate the product's pricing a seven on a scale of one to ten, where one is cheap, and ten is expensive."
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Top Industries

By visitors reading reviews
Financial Services Firm
12%
Computer Software Company
8%
Comms Service Provider
8%
Manufacturing Company
8%
No data available
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
By reviewers
Company SizeCount
Small Business8
Large Enterprise10
No data available
 

Questions from the Community

Which is better - Azure Key Vault or AWS Secrets Manager?
Azure Key Vault is a SaaS solution. You can easily store passwords and secrets securely and encrypt them. Azure Key Vault is a great solution to ensure you are compliant with security and governanc...
Which is better - HashiCorp Vault or AWS Secrets Manager?
HashiCorp Vault was designed with your needs in mind. One of the features that makes this evident is its ability to work as both a cloud-agnostic and a multi-cloud solution. As a cloud-agnostic sol...
What needs improvement with AWS Secrets Manager?
AWS Secrets Manager could not be better because there has been no frustration with the product.
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Also Known As

No data available
MyID
 

Overview

 

Sample Customers

Autodesk, Clevy, Stackery
Wells Fargo, Boeing, Airbus, United Health Group, U.S. Social Security Administration, U.S. Department of Homeland Security, Kuwait Government
Find out what your peers are saying about AWS Secrets Manager vs. Intercede MyID PSM (Password Security Management) and other solutions. Updated: August 2026.
909,725 professionals have used our research since 2012.