Asia Pacific Password Policy Enforcement Software Market Forecast to 2028

Asia Pacific Password Policy Enforcement Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Deployment (On-Premise and Cloud-Based) and Enterprise Size (Small and Medium Enterprises and Large Enterprises)

Report Code : BMIRE00025556 | Region : Asia Pacific | Industry : Technology, Media and Telecommunications | Published Date : 10/Aug/2022

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.

At 11.8% CAGR, the APAC Password Policy Enforcement Software Market is speculated to be worth US$ 92.54 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the APAC password policy enforcement software market was valued at US$ 42.27 million in 2021 and is expected to reach US$ 92.54 million by 2028, registering an annual growth rate of 11.8% from 2021 to 2028. Rising use of password blacklists or dictionary hacks and advancements in password policy enforcement software are the critical factors attributed to the market expansion.

A password blacklist is a list of passwords that users cannot use when creating a password. By stopping attackers from getting beyond a basic password login flow in the first place, a password blacklist can provide extra protection. Screening users' passwords against a list of dictionary passwords and known hacked passwords is one of the most effective ways to improve network security. Hackers continue to use password weaknesses as a significant access point. Password policy has changed dramatically during the previous few years. A well-designed system can check billions of passwords in milliseconds without impacting the user experience. It may also be good to divide the blacklist between passwords that have been disclosed in recent data breaches and those that are regularly found in cracking dictionaries. Users can manage even more service parts if they have both lists. It is also insufficient to rely on a blacklist that ignores aspects such as "context" in terms of location, organization, and users. This may entail building a custom set of passwords to screen against, referred to as a dictionary. One can reduce being hacked by tailoring the blacklist to specific people and incorporating pertinent usernames, email addresses, and name information. A blacklist may be customized geographically by merely including data breaches from locations. Thus, the rising use of password blacklists will drive the password policy enforcement software market across the region.

On the contrary, security concern for enforced password complexity hurdles the growth of APAC password policy enforcement software market.

Based on deployment, the APAC password policy enforcement software market is bifurcated into on-premise and cloud-based. The cloud-based segment held 67.2% market share in 2021, amassing US$ 28.39 million. It is projected to garner US$ 66.48 million by 2028 to expand at 12.9% CAGR during 2021–2028. 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 held 68.1% market share in 2021, amassing US$ 28.77 million. It is projected to garner US$ 57.56 million by 2028 to expand at 10.4% CAGR during 2021–2028. Based on country, the APAC password policy enforcement software market has been categorized into China, India, Japan, South Korea, Australia, and Rest of APAC. Our regional analysis states that China captured 33.0% market share in 2021. It was assessed at US$ 13.95 million in 2021 and is likely to hit US$ 28.60 million by 2028, exhibiting a CAGR of 10.8% during the forecast period. Key players dominating the APAC password policy enforcement software market are Hitachi ID Systems Inc., JumpCloud Inc., ManageEngine, Netwrix Corporation, nFront Security Inc., safepass.me, and Specops Software among others.

In 2022, Hitachi ID Introduces Bravura Safe: New Enterprise Password Management Safe to Protect Decentralized Passwords Against the Top Cause of Cyberattacks. In 2021, Netwrix Announces Technology Partnership with Safetica.

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners 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 Insight Partners

12.2 Glossary

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

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)

The List of Companies - Asia Pacific Password Policy Enforcement Software Market

● Hitachi ID Systems Inc.

● JumpCloud Inc.

● ManageEngine

● Netwrix Corporation

● nFront Security Inc.

● safepass.me

● Specops Software

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC password policy enforcement software market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the APAC password policy enforcement software market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the password policy enforcement software market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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