Europe Password Policy Enforcement Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Deployment and Enterprise Size

The Europe password policy enforcement software market is expected to grow from US$ 54.14 million in 2021 to US$ 111.73 million by 2028; it is estimated to grow at a CAGR of 10.9% from 2021 to 2028.

Strong passwords are the first line of defense for safeguarding any company's data and client information. However, many businesses have lax or nonexistent password procedures, which can lead to data breaches. Every day, cyber-attacks become increasingly prevalent. Furthermore, hackers gained access to the personal information of millions of Facebook users due to a data breach. A white hat security group found the vulnerability in 2021, and it has been active since 2019. The 2021 Facebook data breach is still fresh in many people's minds. Symantec, a cyber-security outfit, was the one who brought it to light. Millions of personal information, including phone numbers, Facebook IDs, names, birthdays, and even email addresses, were exposed in the database. Since password breaches occur regularly, businesses need an automated procedure that compares all active directory credentials to stolen passwords. A manual process is changed every quarter or whenever IT has time. Thus, rising instances of hackers and breaches drive the password policy enforcement market across Europe.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe password policy enforcement software market in the coming years. The market is expected to grow at a good CAGR during the forecast period.

Europe Password Policy Enforcement Software Market Segmentation

The Europe password policy enforcement software market is segmented based on deployment, enterprise size, and country. Based on deployment, the Europe password policy enforcement software market is bifurcated into on-premise and cloud-based. The cloud-based segment dominated the market in 2021. Based on enterprise size, the Europe password policy enforcement software market is bifurcated into small and medium enterprises and large enterprises. The large enterprises segment dominated the market in 2021. Based on country, the Europe password policy enforcement software market is segmented into the UK, Germany, France, Italy, Russia, and Rest of Europe. Germany dominated the market in 2021.

Hitachi ID Systems Inc., JumpCloud Inc., ManageEngine, Netwrix Corporation, nFront Security Inc., safepass.me, Specops Software, and Tools4ever are among the leading companies in the Europe password policy enforcement software market.