Global Network Security Policy Management Market

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 News

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.

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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 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 level. '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'

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.

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.

North America is estimated to hold sway over the 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 network security policy management marketplace.

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