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

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.