Transparency Market Research

Network Security Policy Management Market - Addressing Digital Business Risks Growing Focus

Network Security Policy Management Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

 

Albany, NY -- (SBWIRE) -- 05/30/2019 -- Information technology security policies are the practices and rules that an enterprise uses to protect, manage, maintain, and monitor its information resources. These policies are carefully developed, implemented, documented, evaluated, and reviewed on a timely basis to ensure a secured and properly managed network system. The network security policy management solution intelligently automates and simplifies the network security policy management process across the cloud, SDNs, and on-premise firewalls.

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The cloud-based segment is expected to account for a significant share of the network security policy management market over the forecast period. The global network security policy management market is currently driven by increase in the number and intensity of cyber-attacks.

The global network security policy management market was valued at US$ 1,297.6 Mn in 2017 and is expected to expand at a CAGR of 8.2% during the forecast period.

Growing focus on addressing digital business risks, and focus on building detection and response capabilities are some of the factors expected to drive the network security policy management market. However, lack of awareness about cyber threats in some regions is a factor restraining the market.

Many organizations do not provide requisite training and education about cyber threats to their employees as they themselves are not aware about it. Availability of network security policy management solutions on-demand via a SaaS model is anticipated to present significant opportunities for the network security policy management market.The SaaS option reduces the capital expenditure with the provision of subscription based, scaling pricing model. The end-user can process network security policy changes in real time across any cloud security control and on-premise security device.

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The global network security policy management market has been segmented based on component, solution, enterprise size, industry vertical, and region. Based on component, the market has been classified into software and services. Based on software, the market has been classified into cloud and on-premise. The cloud segment has been further split into public, private, and hybrid.

The cloud segment is expected to expand at a high CAGR, thus becoming the leading revenue generating segment by 2026. This is mainly because of increase in adoption of cloud based technologies, especially across Europe and Asia Pacific