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 2019 to USD 2.14 billion by 2023, at a CAGR of 9.2% during the forecast period, 2019–2013. 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.
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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.
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.
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.
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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.
Regional Analysis
The global market for network security policy management market is estimated to grow at a significant rate during the forecast period from 2019 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.
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
According to the latest trend in the network seucrity policy management market, most enterprises are expanding their technological capabilities to adopt AI technologies, and new business models. Most of the companies have adopted inorganic strategy to expand their businesses, wherein, partnership and collaboration accounted for XX%, whereas; merger & acquisition accounted for XX% of the overall key development undergone by the key players in the market.
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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
TABLE OF CONTENTS
- Executive Summary
- Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Market Structure
- Market Research Methodology
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
- Market Overview
Continued……..
LIST OF TABLES
Table1 Global Network Security Policy Management Market, By Country, 2019–2023
Table2 North America: Network Security Policy Management Market, By Country, 2019–2023
Table3 Europe: Network Security Policy Management Market, By Country, 2019–2023
Table4 Asia-Pacific: Network Security Policy Management Market, By Country, 2019–2023
Table5 Rest Of The World: Network Security Policy Management Market, By Country, 2019–2023
Continued……..
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LIST OF FIGURES
Figure 1 Global Network Security Policy Management Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis Of Global Network Security Policy Management Market
Figure 4 Value Chain Of Global Network Security Policy Management Market
Figure 5 Share Of Network Security Policy Management Market In 2019, By Country (In %)
Continued……..
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