Network Security Policy Management Market: Global Product Intelligence, Industry Analysis, Size, Share, Growth, Trends and Forecast - 2024

The latest report has been added to the wide database of Network Security Policy Management Market by Infinium Global Research. This report studies the Network Security Policy Management Market by type (cloud, on-premises), application (transportation, retail, telecom & it, and other) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Network Security Policy Management Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the Network Security Policy Management Market. According to the report, the global network security policy management market is projected to grow at a CAGR of 9.6% over the forecast period of 2018-2024.

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Network Security Policy Management: Industry Insights

Network security policy management is an automatic solution for provisioning, susceptibility & analyzing risk and examining network security that changes owing to limited prominence and control over large networks connecting on cloud and physical platform. Further, the software offers automatic firewall procedures and updates security change lifecycle across proxies, firewalls, and routers. In organizations and businesses, the network security policies management is necessary to maintain daily functioning.

Network Security Policy Management: Drivers and Restraints

Growing threats of cyber-attacks are driving the growth of the network security policy management market. As per an estimation made by Cyber Incident & Breach Trends Report in 2017, there were 350000 cyber incidents which were not registered. Further, several organizations do not provide required education and training regarding cyber-attacks to their workers as themselves they are not attentive about it. This results in growing numbers of cyber threats. Moreover, this policy management helps in defending data which is available on the network. It also protects the data or information which are being shared between computer and network. These are some advantages provided by network security policy management. Besides, lack of consciousness regarding cyber threats is hampering the market growth. On the other side, accessibility of these policy management solutions on-demand through the SaaS model is expected to create an opportunity for the network security policy management market during the forecast period.

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Network Security Policy Management: Segmentation

The global network security policy management market is divided into type and application. Based on the type the segment is classified into the cloud, and on premises. Further, on the basis of application, the segment is again divided into transportation, retail, telecom & it, and other. Telecom & IT segment is anticipated to grow at the fastest rate. Due to increasing acceptance of cloud-based services, civilizing of IT infrastructure and the rising trend of industrial automation is driving the growth of this segment. This is due to the enlightening of economic conditions and growing foreign investments supports the growth and technological development of IT industries.

Network Security Policy Management: Regional Insights

As per the geographies, North America is anticipated to dominate the growth of the network security policy management market followed by Asia Pacific region. The factors supporting the growth of this market in the North America region are an advancement in technology, infrastructure, and cybersecurity solution. Further, acceptance of new technologies such as Artificial Intelligence (AI) and IoT is also driving the growth of the market. Besides, the Asia Pacific region is likely to grow at the fastest rate during the upcoming region due to IT and telecom sectors that boost the network security policy management market in this region.

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Network Security Policy Management: Competitive Analysis

Key players in the global network security policy market are Tufin, Palo Alto Networks, Inc., IBM, Juniper Networks, Hewlett Packard Enterprise Development LP, Forcepoint, FireMon, LLC., Check Point Software Technologies Ltd. and AlgoSec. In March 2019, Palo Alto Networks the global cybersecurity leader has announced that it has acquired Demisto, a leading cybersecurity company.

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