DUBLIN--(BUSINESS WIRE)--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
18.104.22.168 By region
22.214.171.124 By industry participant
126.96.36.199 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
188.8.131.52 Increase in adoption of network security policy management solutions
184.108.40.206 Rising demand for improved business agility
220.127.116.11 Rapid implementation of security policy management solutions by BFSI industry
18.104.22.168 Impact analysis of drivers on market forecast
22.214.171.124 Lack of security awareness
126.96.36.199 Impact analysis of restraints on market forecast
188.8.131.52 Shift toward hybrid network models
184.108.40.206 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
11.4.3 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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