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

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.