Market Research Future (MRFR), in its newly published research report, states that the global network security policy management market 2020 is booming and expected to grow exponentially over the review period, recording a substantial market valuation from USD 1.38 billion in 2018 to USD 2.14 billion by 2023, and a healthy 9.2% CAGR in the forecast period (2018-2023).
The top market players operating in the global market as identified by MRFR are Palo Alto Networks, Inc., IBM Corporation, Check Point Software Technologies Ltd., AlgoSec Inc., HPE Development LP, Forcepoint LLC, FireMon, LLC, Juniper Networks, Inc., Sophos Ltd., and Tufin Software Technologies.The key players are expected to invest majorly in the integration of modern technologies, and participate in strategic business prospects suc has partnerships, acquisitions, mergers, product development and other similar activities.
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Drivers and Restraints
The growing need to protect network layer of an enterprise from innovative cyber threats and increasing demand to meet the compliance requirements fuels the network security policy management services market. Moreover, the Increasing number and intensity of cyber-attacks is expected to drive the market growth. The Growing focus on addressing digital business risks is propelling the growth of the market over the review period. Addtionally, the Focus on building detection and response capabilities is expected to contribute towards the network security policy management market. The Growing popularity of connected devices is boosting the market growth in the forecast period.
On the other hand, the Lack of awareness about cyber threats in some regions is restraining the market growth over the assessment period. The less spending on cybersecurity solutions acts as a major restraining factor for growth of the market during the forecast period. Moreover, the Less availability of network security policy management solutions hampers the growth of the market in the foreseeable future. Additionally, the High initial investment may hinder the market growth in the forecast period.
The global network security policy market is segmented into components, deployment modes, industry verticals, and regions.
By component, the network security policy management solutions market is divided into solutions, and services.
By deployment mode, the global network security policy management solutions market for is bifurcated into cloud, and on-premises.
By industry vertical, the network security policy management solutions market is segmented into energy and utilities, BFSI, IT and telecom, government and defense, healthcare, retail, and manufacturing, and others.
The geographic analysis of the global market has been carried out in four major regions, including North America, the Asia Pacific, Europe, and the rest of the world (covering Latin America, the Middle East, and Africa).
North America is poised to dominate network security policy management market during forecast period. North America region is assesse as the most advanced region in terms of technology, infrastructure, and cybersecurity solutions adoption. The presence of major players and initial adoption of new technologies including IoT and Artificial Intelligence (AI) propels the network security policy management market in North America region. US is predicted to be the dominating country-wise market in the network security policy management market in North America region over the review period.
Asia-Pacific is anticipated to grow at the fastest rate over the forecast period. IT & telecom sector fuels the network security policy management market in Asia-Pacific region. Asia-pacific is economically and technologically advanced region and countries such as Japan, China, and India are likely to dominate the network security policy management market in Asia-Pacific. Budget restraints in the enterprises to spend sufficiently on cybersecurity solutions is expected to impede the growth of the market in the Asia-Pacific region by 2023.
- 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
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TABLE OF CONTENTS
1. Executive Summary
2. 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
3. Market Research Methodology
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
4. Market Overview
4.1. Porter’s Five Forces Analysis
4.1.1. Threat Of New Entrants
4.1.2. Bargaining Power Of Buyers
4.1.3. Threat Of Substitutes
4.1.5. Bargaining Power Of Suppliers
4.2. Value Chain Analysis
4.3. Market Dynamics
4.3.5. Impact Analysis Of Drivers And Restraints
LIST OF TABLES
Table 1 Global Network Security Policy Management Market, By Country, 2018–2023
Table 2 North America: Network Security Policy Management Market, By Country, 2018–2023
Table 3 Europe: Network Security Policy Management Market, By Country, 2018–2023
Table 4 Asia-Pacific: Network Security Policy Management Market, By Country, 2018–2023
Table 5 Rest Of The World: Network Security Policy Management Market, By Country, 2018–2023
Table 6 North America: Network Security Policy Management Market, By Country
Table 7 North America: Network Security Policy Management Market, By Component
Table 8 North America: Network Security Policy Management Market, By Deployment Mode
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 2018, By Country (In %)
Figure 6 Global Network Security Policy Management Market, 2018–2023
Figure 7 Share Of Global Network Security Policy Management Market By Industry, 2018–2023
Figure 8 Global Network Security Policy Management Market Size, By Component, 2018
Figure 9 Share Of Global Network Security Policy Management Market, By Component, 2018–2023
Figure 10 Global Network Security Policy Management Market Size, By Deployment Mode, 2018
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