The APAC password policy enforcement software market is expected to grow from US$ 42.27 million in 2021 to US$ 92.54 million by 2028; it is estimated to grow at a CAGR of 11.8% from 2021 to 2028.
While there is a growing trend toward alternate authentication methods, passwords are finding a solution to \"coexist,\" as well as passwords are necessary for the foreseeable future. Before sophisticated solutions can be easily deployed, existing passwords must be supplemented with newer standards, such as biometrics and multi-factor authentication. Passwords are not strong enough to stand alone but it does not undermine their importance in terms of security. So, even if passwords are on their way out, businesses should stick to their policies and ensure their staff practice password hygiene. Passwords are used to get access to technology. Owing to technologies, such as Apple\'s Touch ID, the password-less movement has reached a technological tipping point. The technology is progressing, and customers have been groomed for biometric authentication. The benefits of password-less setups go beyond physical form factors. Users may identify themselves using their face, touch, or voice, but systems can now include spatial identifiers. Behavioral analysis is difficult to compromise and less inconvenient for the user. Furthermore, users will always respond negatively to unfamiliarity or perceived extra costs when a new security system is implemented. However, two-factor and multi-factor authentication are becoming popular, and they are paying off for those who use them. Thus, the advancements in password policy enforcement software would drive the market across the region in the coming years.
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 APAC password policy enforcement software market in the coming years. The market is expected to grow at a good CAGR during the forecast period.
Hitachi ID Systems Inc., JumpCloud Inc., ManageEngine, Netwrix Corporation, nFront Security Inc., safepass.me, and Specops Software are among the leading companies in the APAC password policy enforcement software market.
While there is a growing trend toward alternate authentication methods, passwords are finding a solution to \"coexist,\" as well as passwords are necessary for the foreseeable future. Before sophisticated solutions can be easily deployed, existing passwords must be supplemented with newer standards, such as biometrics and multi-factor authentication. Passwords are not strong enough to stand alone but it does not undermine their importance in terms of security. So, even if passwords are on their way out, businesses should stick to their policies and ensure their staff practice password hygiene. Passwords are used to get access to technology. Owing to technologies, such as Apple\'s Touch ID, the password-less movement has reached a technological tipping point. The technology is progressing, and customers have been groomed for biometric authentication. The benefits of password-less setups go beyond physical form factors. Users may identify themselves using their face, touch, or voice, but systems can now include spatial identifiers. Behavioral analysis is difficult to compromise and less inconvenient for the user. Furthermore, users will always respond negatively to unfamiliarity or perceived extra costs when a new security system is implemented. However, two-factor and multi-factor authentication are becoming popular, and they are paying off for those who use them. Thus, the advancements in password policy enforcement software would drive the market across the region in the coming years.
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 APAC password policy enforcement software market in the coming years. The market is expected to grow at a good CAGR during the forecast period.
APAC Password Policy Enforcement Software Market Segmentation
The APAC password policy enforcement software market is segmented based on deployment, enterprise size, and country. Based on deployment, the APAC 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 APAC 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 APAC password policy enforcement software market is segmented into China, India, Japan, South Korea, Australia, and Rest of APAC. China dominated the market in 2021.Hitachi ID Systems Inc., JumpCloud Inc., ManageEngine, Netwrix Corporation, nFront Security Inc., safepass.me, and Specops Software are among the leading companies in the APAC password policy enforcement software market.
Table of Contents
1. Introduction1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Password Policy Enforcement Software Market - By Deployment
1.3.2 APAC Password Policy Enforcement Software Market - By Enterprise Size
1.3.3 APAC Password Policy Enforcement Software Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Password Policy Enforcement Software Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Password Policy Enforcement Software Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Instances of Hacking and Breaches
5.1.2 Implementation of Password Security Policy Framework across Organization
5.2 Market Restraints
5.2.1 Security Concern for Enforced Password Complexity
5.3 Market Opportunities
5.3.1 Surging Use of Password Blacklists or Dictionary Hacks
5.4 Future Trends
5.4.1 Technical Advancements in Password Policy Enforcement Software
5.5 Impact Analysis of Drivers and Restraints
6. Password Policy Enforcement Software Market - APAC Analysis
6.1 APAC Password Policy Enforcement Software Market Overview
6.2 APAC Password Policy Enforcement Software Market Forecast and Analysis
7. APAC Password Policy Enforcement Software Market Analysis - By Deployment
7.1 Overview
7.2 APAC Password Policy Enforcement Software Market, by Deployment (2020 and 2028)
7.3 On-Premise
7.3.1 Overview
7.3.2 On premise: Password Policy Enforcement Software Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Cloud-based
7.4.1 Overview
7.4.2 Cloud-based: Password Policy Enforcement Software Market- Revenue and Forecast to 2028 (US$ Million)
8. APAC Password Policy Enforcement Software Market Analysis - By Enterprise Size
8.1 Overview
8.2 APAC Password Policy Enforcement Software Market, by Enterprise Size (2020 and 2028)
8.3 Small and Medium Enterprises (SMEs)
8.3.1 Overview
8.3.2 Small and Medium Enterprises: Password Policy Enforcement Software Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Large Enterprises
8.4.1 Overview
8.4.2 Large Enterprises: Password Policy Enforcement Software Market- Revenue and Forecast to 2028 (US$ Million)
9. APAC Password Policy Enforcement Software Market - Country Analysis
9.1 Overview
9.1.1 APAC: Password Policy Enforcement Software Market- by Country
9.1.1.1 Australia: Password Policy Enforcement Software Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Password Policy Enforcement Software Market- by Deployment
9.1.1.1.2 Australia: Password Policy Enforcement Software Market- By Enterprise Size
9.1.1.2 China: Password Policy Enforcement Software Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Password Policy Enforcement Software Market- by Deployment
9.1.1.2.2 China: Password Policy Enforcement Software Market- By Enterprise Size
9.1.1.3 India: Password Policy Enforcement Software Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Password Policy Enforcement Software Market- by Deployment
9.1.1.3.2 India: Password Policy Enforcement Software Market- By Enterprise Size
9.1.1.4 Japan: Password Policy Enforcement Software Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Password Policy Enforcement Software Market- by Deployment
9.1.1.4.2 Japan: Password Policy Enforcement Software Market- By Enterprise Size
9.1.1.5 South Korea: Password Policy Enforcement Software Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Password Policy Enforcement Software Market- by Deployment
9.1.1.5.2 South Korea: Password Policy Enforcement Software Market- By Enterprise Size
9.1.1.6 Rest of APAC: Password Policy Enforcement Software Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Password Policy Enforcement Software Market- by Deployment
9.1.1.6.2 Rest of APAC: Password Policy Enforcement Software Market- By Enterprise Size
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Company Profiles
11.1 ManageEngine
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Hitachi ID Systems Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Netwrix Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 nFront Security Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 safepass.me
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Specops Software
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 JumpCloud Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary
List of Figures
Figure 1. APAC Password Policy Enforcement Software Market Segmentation
Figure 2. APAC Password Policy Enforcement Software Market Segmentation - By Country
Figure 3. APAC Password Policy Enforcement Software Market Overview
Figure 4. APAC Password Policy Enforcement Software Market, By Deployment
Figure 5. APAC Password Policy Enforcement Software Market, By Country
Figure 6. APAC: PEST Analysis
Figure 7. APAC Password Policy Enforcement Software Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. APAC Password Policy Enforcement Software Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Password Policy Enforcement Software Market, Forecast and Analysis (US$ Mn)
Figure 11. APAC Password Policy Enforcement Software Market Revenue Share, by Deployment (2020 and 2028)
Figure 12. APAC On premise: Password Policy Enforcement Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Cloud-based: Password Policy Enforcement Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Password Policy Enforcement Software Market Revenue Share, by Enterprise Size (2020 and 2028)
Figure 15. APAC Small and Medium Enterprises: Password Policy Enforcement Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Large Enterprises: Password Policy Enforcement Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC: Password Policy Enforcement Software Market, by Key Country - Revenue (2020) (US$ Million)
Figure 18. APAC: Password Policy Enforcement Software Market Revenue Share, By Country (2020 and 2028)
Figure 19. Australia: Password Policy Enforcement Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. China: Password Policy Enforcement Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. India: Password Policy Enforcement Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Japan: Password Policy Enforcement Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. South Korea: Password Policy Enforcement Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of APAC: Password Policy Enforcement Software Market - Revenue and Forecast to 2028 (US$ Million)List of Tables
Table 1. APAC Password Policy Enforcement Software Market, Revenue and Forecast, 2019-2028 (US$ Mn)
Table 2. Australia: Password Policy Enforcement Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Password Policy Enforcement Software Market- By Enterprise Size -Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Password Policy Enforcement Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Password Policy Enforcement Software Market- By Enterprise Size -Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Password Policy Enforcement Software Market- by Deployment -Revenue and Forecast to 2028(US$ Million)
Table 7. India: Password Policy Enforcement Software Market- By Enterprise Size -Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Password Policy Enforcement Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Password Policy Enforcement Software Market- By Enterprise Size -Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea: Password Policy Enforcement Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: Password Policy Enforcement Software Market- By Enterprise Size -Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of APAC: Password Policy Enforcement Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of APAC: Password Policy Enforcement Software Market- By Enterprise Size -Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms
Companies Mentioned
- Hitachi ID Systems Inc.
- JumpCloud Inc.
- ManageEngine
- Netwrix Corporation
- nFront Security Inc.
- safepass.me
- Specops Software
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 90 |
| Published | August 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 42.27 Million |
| Forecasted Market Value ( USD | $ 92.54 Million |
| Compound Annual Growth Rate | 11.8% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 7 |
