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HashiCorp Vault vs Intercede MyID PSM (Password Security Management) comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Oct 27, 2025

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

HashiCorp Vault
Ranking in Enterprise Password Managers
4th
Average Rating
8.4
Reviews Sentiment
6.5
Number of Reviews
27
Ranking in other categories
Secrets Management Tools (1st)
Intercede MyID PSM (Passwor...
Ranking in Enterprise Password Managers
38th
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 January 2026, in the Enterprise Password Managers category, the mindshare of HashiCorp Vault is 7.7%, down from 13.2% compared to the previous year. The mindshare of Intercede MyID PSM (Password Security Management) is 0.3%, up from 0.0% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Enterprise Password Managers Market Share Distribution
ProductMarket Share (%)
HashiCorp Vault7.7%
Intercede MyID PSM (Password Security Management)0.3%
Other92.0%
Enterprise Password Managers
 

Featured Reviews

Manish Indupuri - PeerSpot reviewer
senior DevOps engineer at a tech services company with 10,001+ employees
Centralized secret management has strengthened security and simplified compliance across cloud-native environments
Configuring HashiCorp Vault since we are mainly using it in Kubernetes or OpenShift clusters took some time and effort to align with our deployment. The initial setup can be a little confusing and complex for someone who is newer. However, it is not impossible to achieve, but it will take some time to understand the product. The ACLs within HashiCorp Vault, such as policies and AppRole authentication, were not intuitive at first. However, we slowly became habituated to the product once we began using it. Once we moved past the learning curve of these challenges, HashiCorp Vault becomes a critical security layer of our workloads. The only minor challenge is the initial setup complexity, especially for teams new to HashiCorp Vault's authentication methods and storage backends. Other than that, it works flawlessly.
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

"It is a good product to consider for companies who are looking to build on-premise or hybrid infrastructure."
"We use the solution for secret management."
"HashiCorp Vault has positively impacted our organization by providing a central way to manage all the secrets."
"The most valuable feature of HashiCorp Vault is that it's an open source solution. Second, it's cloud agnostic, so it's very easy to maintain and control, which is why we prefer HashiCorp."
"HashiCorp Vault has given strong value in terms of compliance, automation, and security hygiene—it eliminated hard-coded secrets in our code and pipelines, and it simplified secret rotation via automation, so we did not need manual credential updates."
"I will give advice that most people should go for HashiCorp Vault because compared to some other vaulting secrets solutions, you can go for HashiCorp Vault because it is a vault that can protect all of your data, all of your application secrets, and domain."
"The benefits from HashiCorp Vault include significant advantages in security lifecycle management itself."
"The most valuable feature of HashiCorp Vault is version control."
"The most valuable feature of the solution is the access management."
"The feature for signing documents is important to me."
 

Cons

"The ACLs within HashiCorp Vault, such as policies and AppRole authentication, were not intuitive at first."
"The product is complicated to install."
"In my opinion, HashiCorp Vault could improve its user interface. Right now, they don't offer much in terms of a graphical interface, which means you usually have to manage things manually through API calls. I think CyberArk has a better approach because it provides a UI that integrates features across all its components, making it easier, especially for new users or those from organizations with strict licensing policies."
"The onboarding is a challenge. It should be more self-service, but it involves reviews and approvals."
"I think HashiCorp Vault is a good product, but I have had hard times trying to find secrets that different teams own."
"I don't think there are any major improvements required—so far, so good. However, I think that having more training materials, such as videos, and documentation available would be helpful. I would prefer to have more videos available either on the official site or on YouTube."
"The solution could be much easier to implement."
"The product needs to improve its customization. It should be also more like easy to plug and play."
"Reporting features would be a good addition to Intercede MyID, as it is one of the areas where the solution lacks."
"I'm not sure whether the solution has a mobile version or mobile dashboard, but that would be nice."
 

Pricing and Cost Advice

"I am using the open-source version of Vault and I would have to buy a license if I want to get support."
"The product is expensive."
"The AWS version is much cheaper than HashiCorp Vault."
"It could do everything we wanted it to do and it is brilliant, but it is super pricey. To be fair to HashiCorp, we drove the price up with our requirements around resiliency. Because of the nature of our company, we don't really operate in the cloud."
"The solution's cost is reasonable."
"In my case, the open-source version works well. It's advisable for small to medium-scale organizations, but for large-scale organizations, you should go with the enterprise version."
"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
19%
Computer Software Company
11%
Manufacturing Company
9%
Government
6%
No data available
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
By reviewers
Company SizeCount
Small Business7
Midsize Enterprise4
Large Enterprise16
No data available
 

Questions from the Community

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 do you like most about HashiCorp Vault?
The feature I find most beneficial in HashiCorp Vault is the secret engine. It integrates smoothly with many applications, making it easy to set up and implement quickly. This allows you to test it...
What is your experience regarding pricing and costs for HashiCorp Vault?
The experience with pricing, setup costs, and licensing for HashiCorp Vault is generally managed by the client. They take care of all those aspects, and after onboarding HashiCorp Vault for our app...
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Also Known As

No data available
MyID
 

Overview

 

Sample Customers

Adobe, SAP Ariba, Citadel, Spaceflight, Cruise
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 HashiCorp Vault vs. Intercede MyID PSM (Password Security Management) and other solutions. Updated: December 2025.
881,114 professionals have used our research since 2012.