Network Security Policy Management Market Share Size, by Top Manufacturers
Posted by Sakshi Mishra on May 16th, 2021
Network security policy mangement has been one of the most demanding cybersecurity solutions due to increased cyberattacks on network layer of an enterprise IT infrastructure. The demand for network security policy management solution have been further increased with advancements in IoT, global adoption of cloud services, and growing BYOD trend across the globe. Furthermore, need to meet compliance requirements and ensure security and privacy of data have further contributed in the overall growth of the market. Increasing complexity of enterprises’ network will support the continous growth of network security policy management market in the upcoming years. The Network Security Policy Management Market is expected to grow with the CAGR of 9.2% from 2018 to 2023 and reach USD 2.14 billion by 2023.
The prominent players in global 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.
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The global market for network security policy management is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate network security policy management market during the forecast period. Wide 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. BFSI and government and defense are expected to support the dominance of the region as compared to other regions of the world. Healthcare industry vertical is expected to witness the highest CAGR during the forecast period.
Asia-Pacific is expected grow at the fastest rate during the forecast period. Increasing digitalization in the region and adoption of cloud and IoT technologies in the region are expected to drive the market in this region. However, budget constraints is the major restraining factor for the market in the Asia-Pacific region.
Europe is expected to grow at a stable growth rate during forecast period. Healthcare vertical is expected to drive the network security policy management market in Europe.
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About the AuthorSakshi Mishra
Joined: September 30th, 2020
Articles Posted: 512
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