Network Security Policy Management Market

Network Security Policy Management Market Outlook (2022 to 2032)

The network security policy management market is poised to attain a CAGR of 6.7% during the forecast period 2022 to 2032. The network security policy management market is anticipated to garner a revenue of USD 1.9 Billion in 2022 and is likely to reach USD 3.6 Billion by 2032.

The adoption of network security policy management is on the surge owing to the increasing volume of online transactions and operations and security not only saves data but also protects against online threats.

The adoption trends of digital payments are exploding, and as a great deal of sensitive information is at stake through the availability of online payments, the user's card number, bank details, and personal information, the network security policy management market growth has risen.

In addition, the growing popularity of Internet banking is driving up demand for network security policy management services, and rising digital risks and data breaches boosts the network security policy management market trends and forecasts.

Attributes	Details
Network Security Policy Management Market CAGR (2022 to 2032)	6.7%
Network Security Policy Management Market Value (2022)	USD 1.9 Billion
Network Security Policy Management Market Size (2032)	USD 3.6 Billion

What Factors are Primarily Influencing the Network Security Policy Management Market?

Today, cyber threats affect more than just personal computers as they also affect office systems, encouraged by many workplaces in many regions which have a weak network layer.

Data breaches, cybercrime, and threats can all easily disrupt networks in the workplace. Furthermore, the network contains a massive amount of sensitive data. All of this contributes to increased cyber threat issues in businesses.

Hence, the adoption of network security policy management across the world is on the rise, thereby curbing several cyber-attacks.

Many businesses are increasing their investments in network security management, in turn fostering the network security policy management key trends & opportunities.

In many parts of the world, people are unaware of the cyber threat; as a result of which, many businesses fail to take cyber threats seriously, which, in turn, impedes the adoption of network security policy management services in those regions.

Another factor restraining the demand for network security policy management services is that most of the time, these cyber threats are discovered after significant damage has been done, which is considered vain.

Many places have a scarcity of network-security policy management solutions hampering the network security policy management market opportunities.

Most businesses do not invest in network security policies as some businesses believe it requires a large initial investment, and this notion is likely to negatively affect the network security policy management market statistics.

The high initial investment is a major stumbling block in the network security policy management market's future trends.

How is the Segmentation in the Network Security Policy Management Market?

By component, the network security policy management market is segmented into software and services, where the Software segment is sub-segmented into Cloud-Based, On-Premise, and Services are sub-segmented into professional Services, and Managed Services.

By solution, the market is categorized into security policy management, change management system, risk and vulnerability analysis, and application connectivity management.

The market, on the basis of end-user, is segmented into Banking, Financial Services and Insurance (BFSI), healthcare, government, IT & telecom, retail, transportation, energy & utilities, and others.

By enterprise size, the security policy management market is categorized into Small & Medium Enterprises (SMEs), and large enterprises.

Which Segment is Likely to Lead the Network Security Policy Management Market, by Component?

The services segment is anticipated to lead the network policy management market with a CAGR of 9.0% during the forecast period 2022 to 2032.

The service segment is likely to dominate the market during the forecast period as a result of its growing popularity and use, and this trend is expected to continue in the forecast period as networking and cross-communications among IT industries increase.

Which Segment is Expected to Dominate the Network Security Policy Management Market, Based on End-Use?

Banking, Financial Services, and Insurance (BFSI) is expected to dominate the market growing at a rate of 7.4% from 2022 to 2032.

The BFSI industry vertical is expected to have the largest network security policy management market share as it deals with large amounts of sensitive and private financial data and as the BFSI is the most targeted industry vertical.

Enterprises in the BFSI sector are requesting security policy management solutions to ensure irreversible security. Furthermore, the industry vertical is the most regulated, as it must meet numerous security requirements.

What is the Regional-Outlook for the Network Security Policy Management Market?

Regions	CAGR (2022 to 2032)
USA Market	6.5%
UK Market	7.2%
China Market	8.8%
Japan Market	4.9%
India Market	6.5%

During the forecast period, the US market is anticipated to experience high profitability rates with a CAGR of 6.5% from 2022 to 2032.

In these regions, there is also an exceptional network security policy management market with top leaders vying for a larger network security policy management market share.

The market's key players are likely to make numerous developments contributing to the region’s network security policy management market statistics.

Demand for network security policy management services in India and China is constantly increasing since cyber-attacks, data breaches, and the misuse of sensitive information are all on the rise.

As the Indian and Chinese regions have less secure online networks, the trajectory for network security policy management services adoption trends is likely to go up as they are much needed in those regions.

There is a great deal of concern about cyber-attacks. As a result, network security policy adoption is likely to be higher during the forecast period.

Emerging trends in the network security policy management market are growing trend in the UK. This is considered a significant contributor to the global network security policy management market growth.

How Strong is the Competition in the Network Security Policy Management Market?

There is comparatively less competition in the network security policy management market.

However, network security policy management market growth is rapidly increasing as new businesses are expected to emerge during the forecast period.

There are also network security policy management market opportunities for large corporations to invest in the market.

The security policy management vendors are working to raise awareness about security solutions.

Product changes and technological advancements are examples of market developments.

During this time, the market's key players are forming new alliances and planning market expansion strategies in order to consolidate their market position by expanding their network security policy management market share.

Some of the recent developments in the network security policy management market are as follows:

• The major players in North America are acquiring shares from other markets. It opens up more market expansion opportunities for network security.
• The key players are developing network security to provide enterprises with internal and external security.
• Micro Focus released AD Bridge 1.0. This product enables customers to better manage and secure Linux resources by leveraging their existing investment in Active Directory.

Vital Market Players include:

• AlgoSec Inc.
• Palo Alto Networks, Inc.
• Check Point Software Technologies Ltd.
• FireMon, LLC.
• Forcepoint LLC

Table of Content

• 1. Preface
• 2. Assumptions and Research Methodology
• 3. Executive Summary: Global Market
• 4. Market Overview
• 5. Global Market Analysis and Forecast, by Component
  • 5.1. Software
    • 5.1.1. Cloud-based
      • 5.1.1.1. Public
      • 5.1.1.2. Private
      • 5.1.1.3. Hybrid
    • 5.1.2. On-premise
  • 5.2. Services
    • 5.2.1. Professional Services
    • 5.2.2. Managed Services
• 6. Global Market Analysis and Forecast, by Solution
  • 6.1. Security Policy Management
  • 6.2. Change Management System
  • 6.3. Risk and Vulnerability Analysis
• 7. Global Market Analysis and Forecast, by End-use
  • 7.1. Banking, Financial Services, and Insurance (BFSI)
  • 7.2. Healthcare
  • 7.3. Government
  • 7.4. IT & Telecom
  • 7.5. Retail
  • 7.6. Transportation
  • 7.7. Energy & Utilities
  • 7.8. Others
• 8. Global Market Analysis and Forecast, by Enterprise Size
  • 8.1. Small & Medium Enterprises (SMEs)
  • 8.2. Large Enterprises
• 9. Global Market Analysis and Forecast, by Region
  • 9.1. North America
  • 9.2. Europe
  • 9.3. Asia Pacific
  • 9.4. Middle East & Africa
  • 9.5. South America
• 10. North America Market Analysis and Forecast
• 11. Europe Market Analysis and Forecast
• 12. Asia Pacific Market Analysis and Forecast
• 13. Middle East & Africa (MEA) Market Analysis and Forecast
• 14. South America Market Analysis and Forecast
• 15. Competition Landscape
• 16. Company Profiles (Details - Business Overview, Sales Area/Geographical Presence, Revenue and Strategy)
  • 16.1. AlgoSec Inc.
  • 16.2. Palo Alto Networks, Inc.
  • 16.3. Check Point Software Technologies Ltd.
  • 16.4. FireMon, LLC.
  • 16.5. Forcepoint LLC
  • 16.6. Hewlett Packard Enterprise Development LP
  • 16.7. IBM Corporation
  • 16.8. Juniper Networks, Inc.
  • 16.9. Sophos Ltd.
  • 16.10. Tufin Software Technologies Ltd.
• 17. Key Takeaways