Global Security Policy Management Market Expected to Grow with a CAGR of 9.1% During the Forecast Period, 2019-2024 - ResearchAndMarkets.com

DUBLIN--()--The "Security Policy Management Market Research Report: By Component, Deployment, Enterprise Size, Application, Industry - Industry Opportunity Analysis and Growth Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

Generating $1,622.3 million revenue in 2018, the security policy management market is expected to reach $2,647.1 million in 2024, at a CAGR of 9.1% during the forecast period (2019-2024).

The service category would witness the higher CAGR during the forecast period, based on component, owing to the need for security software implementation, integration with third-party applications and data migration and a lack of awareness and security professionals.

The most prominent trend in the security policy management market is the usage of such solutions for the management of the security policies of the network. With companies swiftly moving over to the cloud, the requirement for such solutions is rising, and now companies want them customized. For instance, AlgoSaaS, a solution for network security management, was launched by AlgoSec Inc. in 2018. With it, users can identify and track the implementation of their enterprise applications, automate changes to their network policies, and study the vulnerabilities to security policies and the chances of cyber-attacks.

The security policy management market is being driven by the increasing usage of such solutions by the banking, financial services, and insurance (BFSI) sector. As companies in the domain are rapidly adopting natural language processing (NLP), machine learning, and cloud computing, IT teams are facing intense pressure to protect the companies from cyber-attacks, and at the same time, streamline the operations. With security policy management, the potential impact of any modification in the policies can be pre-assessed, which aids in ensuring regulatory compliance, reducing risk, and keep operations running.

In 2018, the largest category in the security policy management market, based on application, was change management. This is because solutions designed for this purpose perform a range of functions, including blocking unauthorized access, tracking security changes, and alerting users about restoration to earlier versions as well as about the changes. Further, large enterprises would dominate the market in 2024, based on enterprise size. It is because they have higher budgets, to implement solutions for smoother management of their complicated network operations, protection from cyber-attacks, and automation of their security policy change process.

Key Topics Covered:

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.2.1 Breakdown of Primary Research Respondents

2.2.1.1 By region

2.2.1.2 By industry participant

2.2.1.3 By company type

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Component

4.1.2 By Deployment

4.1.3 By Enterprise Size

4.1.4 By Application

4.1.5 By Industry

4.2 Value Chain Analysis

4.3 Market Dynamics

4.3.1 Trends

4.3.1.1 Increase in adoption of network security policy management solutions

4.3.2 Drivers

4.3.2.1 Rising demand for improved business agility

4.3.2.2 Rapid implementation of security policy management solutions by BFSI industry

4.3.2.3 Impact analysis of drivers on market forecast

4.3.3 Restraints

4.3.3.1 Lack of security awareness

4.3.3.2 Impact analysis of restraints on market forecast

4.3.4 Opportunities

4.3.4.1 Shift toward hybrid network models

4.3.4.2 Increasing need for data security

4.4 Porter's Five Forces Analysis

Chapter 5. Global Market Size and Forecast

5.1 By Component

5.1.1 Service, by Type

5.2 By Deployment

5.3 By Enterprise Size

5.4 By Application

5.5 By Industry

5.6 By Region

Chapter 6. North America Market Size and Forecast

6.1 By Component

6.1.1 Service, by Type

6.2 By Deployment

6.3 By Enterprise Size

6.4 By Application

6.5 By Industry

6.6 By Country

Chapter 7. Europe Market Size and Forecast

Chapter 8. APAC Market Size and Forecast

Chapter 9. MEA Market Size and Forecast

Chapter 10. LATAM Market Size and Forecast

10.1 By Component

10.1.1 Service, by Type

10.2 By Deployment

10.3 By Enterprise Size

10.4 By Application

10.5 By Industry

10.6 By Country

Chapter 11. Competitive Landscape

11.1 List of Key Players and Their Offerings

11.2 Ranking Analysis of Key Players

11.3 Recent Activities of Major Players

11.4 Strategic Developments of Key Players

11.4.1 Mergers and Acquisitions

11.4.2 Partnerships

11.4.3 Product Launches

11.4.4 Other Developments

11.4.5 Client Wins

Chapter 12. Company Profiles

12.1 AlgoSec Inc.

12.2 Cisco Systems Inc.

12.3 Juniper Networks Inc.

12.4 Check Point Software Technologies Ltd.

12.5 Palo Alto Networks Inc.

12.6 FireMon LLC

12.7 HelpSystems LLC

12.8 Tufin Software Technologies Ltd.

12.9 Odyssey Consultants Ltd.

12.10 International Business Machines Corporation

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900