Key players
MRFR identified prominent network security policy management market players. They are; Check Point Software Technologies Ltd., Palo Alto Networks, Inc., Forcepoint LLC, AlgoSec Inc., Juniper Networks, Inc, HPE Development LP, LLC, FireMon, Sophos Ltd., IBM Corporation, and Tufin Software Technologies.
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Market Synopsis
Market Research Future (MRFR), in its latest “Network Security Policy Management Market” report, details market facets. As per MRFR analysis, the network security policy management global market can surge at 9.2% CAGR by 2023. It is imperative to shield the network layer of an enterprise advanced cyber menace. The increase in cases of cyber-attacks and the rise in the adoption of network security policies can underpin the network security policy management global market growth. The expansion of the market can be attributed to the growing need for meeting compliance policy requirements by enterprises. The centralized network security policy management can effectively manage and automate the overall network infrastructure of an enterprise across SDNs, on-premises firewall, and cloud. This is a highly desirable trait across different industry verticals. IT and data centers are active deployers of network security policies to ensure the security of digital assets. These are observed as additional factor that can cause the network security policy management market to surge. On the contrary, the lack of investment in cybersecurity solutions can restrain the growth of the network security policy management market through the forecast period. The full visibility and management offered by various network security solutions, such as next-generation firewalls, and security controls concerning cloud and heterogenous environment of network are benefits that can prompt the market growth. The rise in need for provision of traffic simulations, network visualization, compliance reporting, risk analysis, and auditing capabilities to IT administrators can bolster the market growth.
Segmental Study
The Network Security Policy Management Market study is based on deployment modes, components, and industry verticals.
The component-based segments of the network security policy management market are solutions and services.
The deployment mode-based segments of the network security policy management market are cloud and on-premises.
The industry vertical-based segments of the network security policy management market are government and defense, BFSI, healthcare, IT and telecom, energy and utilities, retail, manufacturing, and others.
Regional Analysis
North America is network security policy management market can show sharp rise during across the study period. North America is known as the most technically advanced region. Its robust infrastructure and the availability of cybersecurity solutions and their growing adoption can boost the growth of North America market. The presence of potential marketers and rise in manipulation of security solution with modern technologies, such as Artificial Intelligence (AI) and IoT can drive the regional network security policy management market. The US can dominate the regional market in the evaluation period.
Asia Pacific network security policy management market can rise at a rapid pace in the forecast period. The IT & telecom sector can bring considerable traction for network security policy management. The improvement in economy and technologies across developing APAC regions can cause the network security policy management market in APAC to surge. Budget constraints and lack of awareness of cybersecurity solutions can hinder the growth pace of the market.
Competitive Analysis
The network security policy management market is competitive. The rise in price war and rapid technological advancements can impel the market. Vendors are focused on delivering cost-effective and reliable aftermarket solutions to boost sales, which can favor the market. The rise in demand for high-quality solutions can benefit the competitive market.
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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
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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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