Asia Pacific Password Policy Enforcement Software Market

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.

APAC Password Policy Enforcement Software Market Revenue and Forecast to 2028 (US$ Million)

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.

Asia Pacific Password Policy Enforcement Software Market Strategic Insights

Asia Pacific Password Policy Enforcement Software Market Segmentation Analysis

Asia Pacific Password Policy Enforcement Software Market Report Highlights

Asia Pacific Password Policy Enforcement Software Report Scope

Asia Pacific Password Policy Enforcement Software Market Country and Regional Insights