USD 1.9 billion
Network Security Policy Management Market Size, Share, Growth Analysis, By Component(Software, and Services), By Solution(Security Policy Management, Change Management System, Risk and Vulnerability Analysis, and Application Connectivity Management), By End Use(Banking, Financial Services, and Insurance (BFSI), Healthcare), By Enterprise Size(Large Enterprises, Small and Medium Enterprises (SMEs)), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45D2091 |
Region:
Global |
Published Date: April, 2024
Pages:
193
|Tables:
123
|Figures:
72
Network Security Policy Management Market Insights
Global Network Security Policy Management Market size was valued at USD 1.9 billion in 2022 and is poised to grow from USD 2.03 billion in 2023 to USD 3.41 billion by 2031, growing at a CAGR of 6.7% in the forecast period (2024-2031).
Network security policy management is useful for organizations looking to manage compliance with different regulatory mandates and bolster cybersecurity of their networks to protect it from cyberattacks and hacks. Increasing incidence of cyberattacks and growing emphasis on improving network security around the world are predicted to bolster the demand for network security policy management over the coming years. Frequent changes in regulatory mandates and network security norms by governments and regulatory authorities are also pushing companies to opt for advanced network security policy management solutions and services going forward. However, skill gaps among professionals and complexity of network security regulatory landscape are estimated to impede network security policy management market development in the future. Growing adoption of zero-trust security approach among different organizations to elevate their security level is slated to create new opportunities for network security policy management providers by the end of 2031 and beyond.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Services
Fastest Growth
Software
Growth Rate
6.7% CAGR
Global Network Security Policy Management Market ($ Bn)
Country Share for North America Region (%)
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Network Security Policy Management Market Segmental Analysis
The global network security policy management market is segmented based on component, deployment mode, end use, solution, enterprise size, and region. In terms of components, the market is segmented into software and services. Based on solution, the market is bifurcated into security policy management, change management system, risk and vulnerability analysis, and application connectivity management. In terms of End Use, the market is segmented into banking, financial services, and insurance (BFSI), healthcare, government, it & telecom, retail, transportation, energy & utilities, and others. Based on enterprise size, the market is segmented into large enterprises, and small and medium enterprises (SMEs). Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Enterprise Size
Small and medium enterprises are projected to account for a dominant chunk of the global network security policy management market share owing to limited spending potential of these organizations that pushes them to optimize their security strategies and policies in all the ways possible. Increasing emphasis on improving network security to safeguard company data from hackers and all kinds of malware attacks that could cause damage to the company.
On the other hand, deployment of network security policy management in large enterprises is forecasted to increase at a rapid pace across the forecast period and beyond. Increasing adoption of the bring your own device (BYOD) trend in these multinational organizations is a key factor that will bolster the importance of network security policy management in this segment going forward.
Analysis by Component
The services segment is slated to account for a major chunk of the global network security policy management market share across the study period. High emphasis on improving network security and growing collaboration between cross-technology companies are projected to boost the demand for network security policy management services over the coming years.
Meanwhile, the demand for network security policy management software is slated to rise at a robust pace as companies focus on internalization of different operations to improve profit margins. Advancements in software technology and increasing complexities in regulatory compliance landscape are also necessitating the use of most advanced network security policy management software solutions around the world.
Global Network Security Policy Management Market By Component
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Network Security Policy Management Market Regional Insights
North America is estimated to hold sway over the global demand for network security policy management owing to the presence of key technology companies in this region and stringent network security mandates imposed by the government. The United States is slated to account for more than 90% of the network security policy management market revenue in the North American region while most of the rest could come from Canada. Growing incidence of cyberattacks and rising demand for cloud computing and other advanced network-based technologies are also contributing to the dominance of North America in the global network security policy management marketplace.
Rapid digitization and growing focus on improving network security to ensure regulatory compliance are slated to be key prospects allowing Asia Pacific region to emerge as the fastest-expanding market over the coming years. China, India, Japan, and South Korea are estimated to be the leading markets for network security policy management companies across the forecast period in this region. Improved technology adoption and rising sales of consumer electronics are also slated to create new opportunities for network security policy management providers operating in the Asia Pacific region going forward.
Global Network Security Policy Management Market By Region
- Largest
- Fastest
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Network Security Policy Management Market Dynamics
Drivers
Increasing Complexity of Networks
- Networks have become more complex than ever before, and this can be attributed to the sheer size and expanse of certain networks. Increasing number of devices connected to a network that are subject to different compliance mandates further complicate networks and promote network security policy management adoption.
Rising Incidence of Cyberattacks
- Cybersecurity threat concerns have been mounting rapidly around the world and this is a key factor pushing the demand for network security policy management. Use of network security policy management could help companies mitigate the risks of cyber threats in a much more efficient manner.
Restraints
High Complexity
- Managing a network for compliance can be a highly complex task and requires the use of a large capital as well as robust skillset, which results in high expenditure. Moreover, this increasing complexity also affects the efficacy of network security policy management systems thereby slowing down market growth.
Resource Constraints
- Providing proper monetary and skill-based resources for effective network security policy management could be a challenging task as companies may face budgetary constraints and dearth of skilled professionals, which in turn, is estimated to hamper market development going forward.
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Network Security Policy Management Market Competitive Landscape
Network security policy management providers can capitalize on the rapidly expanding cyber threat landscape to market their products and improve sales. Network security policy management providers can also benefit from adoption of zero-trust security approach by creating new solutions specific to this approach. High spending on security and imposition of strict mandates to ensure compliance by governments are also slated to help network security policy management companies maximize their business potential on a global level.
Top Player’s Company Profiles
- AlgoSec Inc.
- Palo Alto Networks, Inc.
- McAfee
- Integration OPAQ Networks
- Check Point Software Technologies Ltd.
- Odyssey Consultants
- FireMon, LLC.
- Sophos Ltd.
- Tufin
- Juniper Networks
- Forcepoint LLC
- HelpSystems
- Skybox
- IBM Corporation
- Micro Focus
Recent Developments
- In September 2023, Discern Security, a new name in the cybersecurity management business, launched a new security policy management platform powered by artificial intelligence. The company uses AI to leverage data and optimize policy management.
- In March 2024, Tufin, a renowned name in the network security policy management business, announced the launch of its new security policy management suite. Tufin Orchestration Suite (TOS) version R24-1 offers users the chance to optimize their cloud security and other security aspects.
Network Security Policy Management Key Market Trends
- High Demand for Zero Trust Security Approach: Network security policy management providers can create products and services that are based on the zero-trust security framework to promote their business in the long run as companies turn towards this approach to take their network security to a whole new level. Segmentation through this approach reduces the surface area of the attacked network and helps safeguard other components from damage.
Network Security Policy Management Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, the growing incidence of cyberattacks and imposition of strict network security mandates are slated to be the key factors driving demand for network security policy management over the coming years. Growing adoption of the BYOD trend is also boosting network security policy management market development. However, resource constraints and complexities in network infrastructure are slated to impede network security policy management adoption in the long run. North America is slated to hold sway over global network security policy management demand outlook owing to rapid adoption of modern network security policies in this region. Leveraging the evolving cyberthreat landscape and growing adoption of zero-trust security approach are slated to create opportunities for network security policy management market players over the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.9 billion |
| Market size value in 2031 | USD 3.41 billion |
| Growth Rate | 6.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Network Security Policy Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Network Security Policy Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Network Security Policy Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Network Security Policy Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Network Security Policy Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Network Security Policy Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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