The global security policy management market is expected to reach USD 2.7 billion by 2025, growing at a CAGR of 11.0% during the forecast period. There is a gradual shift of security policy management from regular model to hybrid network Model. Further, government and other regulatory bodies are constantly asking organizations to implement required security policies. This will act as an opportunity for the global security policy management market in near future.
BFSI and IT & telecom are the sectors expected to account the highest market share by 2025
On the basis of industry, the market is bifurcated into IT & telecom, healthcare, BFSI, manufacturing, energy & power, government, and others. BFSI and IT & telecom are the sectors expected to account the highest market share by 2025 and further grow at fastest rate due to large set of data exchange on regular basis.
Geography Insight
Geographically, North America is the largest security policy management market being early adopter of the technology and large number of IT companies residing in the region. Besides, the region is very much inclined towards the implementation of required security regulations and compliance. As a result, North America security policy management market will keep on growing in the years to come.
Competitive Insight
Some of the key players operating in the security policy management market are Cisco Systems, Inc., Check Point Software Technologies Ltd, Palo Alto Networks, Inc., Micro Focus International plc, McAfee, LLC, HelpSystems, LLC, AlgoSec, Juniper Networks, FireMon, LLC, and Tufin.
Key Takeaway from the Report:
- Among all the component, solution segment captures highest market share in 2019.
- Of all the organization size, large enterprises accounted for the foremost share in the security policy management market in 2019.
- Among all the applications, the network policy management segment accounted for a foremost share in the security policy management market in 2019.
- Of all industry, BFSI and IT & telecom are the sectors expected to account the highest market share by 2025.
The Report Offers:
- Historical market estimate for the years 2015–2019 and forecast for the years 2020–2025
- Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
- Market insights by in-depth segmentation with industry dynamics.
- Competitive analysis and benchmarking of the industry leaders and their product offerings
- Profiles of leading players and innovators, their financial overview and product portfolio
- Analysis of key industry trends and recent developments
- Value chain analysis and distribution channel analysis with opportunity assessment
- Market share analysis of major players
