Security Policy Management Market 2021 Business Share, Future Demand, Latest Trends, Regional Outlook, Segment Scope, Technological Innovations & Challenges till 2026
Continuous need for network performance management owing to the evolution of cyberattacks along with optimization solutions to proficiently handle changing intricate network environments is likely to promote the use of various security policy management solutions in the businesses.
Dallas, United States – April 29, 2021 /MarketersMedia/ —
The global security policy management market size is anticipated to reach at USD 4 billion by 2025. Increasing security policy management requirement by verticals such as BFSI, government & public sector, IT and telecom, to safeguard information and prevent application layer attack is fueling the security policy management market. Moreover, the growing adoption of the Internet of Things (IoT), Artificial Intelligence (AI), and software defined network technologies are likely to offer lucrative prospects for the security policy management industry growth in the coming few years.
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Security Policy Management is a software process that is used to identify, implement, and manage the rules and procedures the individuals must follow while using the assets and resources of an organization. This network security policy majorly focuses on mitigating the IT threats and implement strategies to prevent the vulnerabilities. Also, it provides the recovery measures that need to be implemented when a network intrusion occurs or the security of a system is compromised. It guides the employees with the steps to be taken during such situations. The advantages provided by this network policy to the business and enterprise are driving the Security Policy Management Market.
To protect the critical data and other valuable assets of the organization, they document the IT Security Policies. For organizations that handle data like credit card information or any other information related to finance, they need to ensure the network privacy and the integrity of the data to prevent form further mishaps. Additionally, if an organization is collaborating with the European Union, it is mandatory for the organization to comply with the GDPR. The organizations must also comply with the industry regulations such as GLBA, SOX, HIPAA, DSS PCI which need the Security Policy Management framework. Government restrictions to comply with the regulations have made them adopt the Security Policy Management framework that is propelling Security Policy Management Market.
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Among all the segments responsible for driving the market, the BFSI industry is the major driver of the Security Policy Management Market in the year 2020 holding the largest share in the market and expected to witness considerable growth in the coming years. The major competing enterprises in the Security Policy Management Market are Skybox Security, Enterprise Integration, OPAQ Networks, Odyssey Consultants, iManage, iManage, Tufin, AlgoSec, HelpSystems, Firemon, Juniper Networks, McAfee, Check Point Software Technologies, Palo Alto Networks, Micro Focus, and Cisco among others.
From the above data, it is evident among all major geographic regions across the world North America dominates the market due to the presence of such large firms and rapid adoption of the consumers to the security policy management software. Some other players like UK, France, Germany, Japan, and Canada also lead the market. Also, digitalization across industries and businesses in these countries has increased the demand for security policy management software. Businesses operating in these countries have implemented security policy management solutions to prevent their organization from threats and security breaches.
Segment Overview of Global Security Policy Management Market
Component Overview, 2018-2025 (USD Billion)
Organization Size Overview, 2018-2025 (USD Billion)
Small & Medium
Application Overview, 2018-2025 (USD Billion)
Network Policy Management
Compliance And Auditing
End-User Overview, 2018-2025 (USD Billion)
Telecom & IT
Regional Overview, 2018-2025 (USD Billion)
Rest of Europe
Rest of Asia-Pacific
Middle East and Africa
Rest of Middle East and Africa
Rest of South America
Table of Contents:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Security Policy Management Market by Component
Chapter 6 Security Policy Management Market by Organization Size
Chapter 7 Security Policy Management Market by Application
Chapter 8 Security Policy Management Market by End-User
Chapter 9 Security Policy Management Market By Region
Chapter 10 Competitive Landscape
Chapter 11 Company Profiles
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