Network Security Policy Management Market Insights 2021, By Size, Share, Key Regions, Growth Potentials, Opportunities Analysis, New Product Launches, and Revenue Expectation

New York, United States, Fri, 08 Jan 2021 07:17:26 / Comserve Inc. / -- Globally, the network security policy management is expected to grow from USD 1.38 billion in 2018 to USD 2.14 billion by 2023, at a CAGR of 9.2% during the forecast period, 2018–2023.

Network Security Policy Management Market Research Report, By Component (Solution and Services), Deployment Mode (On-premises and Cloud), Industry Vertical (BFSI, government and defense, healthcare) — Global Forecast till 2023

Market Synopsis

Globally, the network security policy management is expected to grow from USD 1.38 billion in 2018 to USD 2.14 billion by 2023, at a CAGR of 9.2% during the forecast period, 2018–2023. Increasing need to protect network layer of an enterprise from advanced cyber threats and rising demand to meet the compliance requirements drives the network security policy management market. However, less spending on cybersecurity solutions acts as a major restraining factor for growth of the market during the forecast period.Network security policy management is a centralized platform to manage, implement, and automate the network security policies across the entire network infrastructure of an enterprise across on-premises firewall, SDNs, and cloud.

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Network security policy management is used in almost all industry verticals to ensure security of their digital assets in an efficient manner. The solution provides full visibility and management of various network security solutions, such as traditional and next-generation firewalls, security controls for all types of cloud, and heterogenous network environments. It also provides network visualization, traffic simulations, risk analysis, compliance reporting, and auditing capabilities to the IT administrator.

Global Network Security Policy Management Market

Network Security Policy Management Market Research Report – Global Forecast to 2023

Source: MRFR Analysis

Segmentation.

The global network security policy management market is segmented into components, deployment modes, industry verticals, and regions.

By component, the market is segmented into solutions and services.

By deployment mode, the market is segmented into cloud and on-premises.

By industry vertical, the market is segmented into BFSI, government and defense, IT and telecom, healthcare, retail, energy and utilities, and manufacturing, and others.

By region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world.

Regional Analysis

The global market for network security policy management market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of global network security policy management market is studied for North America, Europe, Asia-Pacific, and rest of the world.

North America is expected to dominate network security policy management market during forecast period. North America region is considered most advanced region in terms of infrastructure, technology, and cybersecurity solutions adoption. The presence of big players and early adoption of new technologies such as IoT and Artificial Intelligence (AI) drives the network security policy management market in North America region. US is expected to be the dominating country in the network security policy management market in North America region during the forecast period.

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Asia-Pacific is expected to grow at the fastest rate during the forecast period. IT & telecom sector drives the network security policy management market in Asia-Pacific region. Asia-pacific is economically and technologically developed region and countries such as China, Japan, and India are expected to dominate the network security policy management market in Asia-Pacific region. Budget constraints in the enterprises to spend sufficiently on cybersecurity solutions is expected to hinder the growth of the market in the Asia-Pacific region.

Competitive Analysis

The market is competitive with all the players competing to gain market share. Strong competition, rapid growth in technology, and frequent changes in adoption rate of network security policy management solutions by various industry verticals are key factors that confront market growth. The vendors compete based on cost, reliability, and aftermarket method. It is crucial for the vendors to provide cost-efficient and high-quality solutions to survive and succeed in an intensely competitive market. The companies in the network security policy management are majorly adopting the strategy of innovating on their product and service offerings with increasing investment on research and development (R&D) activities.

Key players

The prominent players in network security policy management market are Palo Alto Networks, Inc., Check Point Software Technologies Ltd., AlgoSec Inc., Forcepoint LLC, HPE Development LP, FireMon, LLC, IBM Corporation, Sophos Ltd., Juniper Networks, Inc., and Tufin Software Technologies.

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Intended Audience

Cybersecurity vendors

Software solution providers

Network Solution Providers

IT Administrators

Cloud Service Providers

Government, financial, and research institutions as well as investment communities

Distributors and Value-added Resellers (VARs)

Independent Software Vendors (ISVs)

Analytics solution providers

System Integrators

Enterprises

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