Global Security Policy Management Market is Expected to Reach USD 3.2 Billion by 2030, Observing a CAGR of 10.5% during forecast period

Published Date: Mar, 2024

The global security policy management market is growing at a significant pace i.e. 10.5 CAGR during the forecast period as it helps in dealing with the emerging risks, improves data protection, mitigating cyber threats by decreasing the attack surface, and enhances security policy management in the organization. The increased emphasis to address digital business risks, surge in digitalization, mounting focus on detection and response capabilities, and increasing government regulations like CCPA regulations will accelerate the market growth of the security policy management industry. Furthermore, rising need to expand the business process with security, reducing the dependency on human process, increasing regulations for data protection and information security, increased adoption towards vulnerable assessment of IT environment over cloud visibility, enhancing firewall management, and offering customized solutions will further proliferate the growth of the security policy management industry.

In January 2023, Opsani, a privately held corporate software company situated in Redwood City, California, has been acquired by Cisco. Cisco AppDynamics will be able to expand its product and engineering team, expand platform's capabilities to better observe enterprise-scale, cloud-native environments, and accelerate their path to availability, delivery of the performance and optimization of customers demand as a result of the acquisition. The acquisition of Opsani comes on the heels of Cisco's previous acquisitions of Epsagon and Replex, and demonstrates the company's commitment to its Full-Stack Observability strategy.

Browse 65 market data Tables and 40 Figures spread through 177 Pages and in-depth TOC on " Security Policy Management Market by Component (Solution and Services), Organization Size (Large Enterprises and Small & Medium Enterprises), Application (Network Policy Management, Compliance and Auditing, Change Management, and Vulnerability Assessment), Industry (IT & Telecom, Healthcare, BFSI, Manufacturing, Energy & Power, Government, and Others), and Region - Global Forecast to 2030"

BFSI sector accounts for the largest market share by 2030.

On the basis of industry, the security policy management market is bifurcated into IT & telecom, healthcare, BFSI, manufacturing, energy & power, government, and others. Based on industry, the security policy management market is segmented into IT & telecom, healthcare, BFSI, manufacturing, energy & power, government, and others. BFSI sector is expected to account for the highest market share by 2030 owing to increased penetration of AI-enabled solutions by financial institutions and banks, large set of data exchange on regular basis, understanding client’s requirements, increased adoption of online banking. Furthermore, there is a need of security policy management solutions in the BFSI sector so as to better comply with the regulations, regulate access to confidential data, and reduce the risk of cyber-attacks.

Global Security Policy Management Market Segmentation Analysis

Segment

Categorization

Leading Category

Component

Solution and Services

Solution (Highest)

 

Organization Size

Large Enterprises and Small & Medium Enterprises

Large Enterprises (Largest)

Application

Network Policy Management, Compliance and Auditing, Change Management, and Vulnerability Assessment

Network Policy Management

(Largest)

 

Industry

IT & Telecom, Healthcare, BFSI, Manufacturing, Energy & Power, Government, and Others

BFSI (Largest)

IT & Telecom (Significant Growth)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America

(Largest)

 

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“North America contributes to the largest share in the Security Policy Management market.”

Geographically, North America is witnessing the largest share in the security policy management market owing to the early adopters of next-generation technologies like deep learning, cloud computing, machine learning, etc., rising awareness of cyber-attacks and security breaches, and surge in adoption of big data analytics for data-driven decision making will propel the growth in the region.

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.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2018–2030

Historical Period

2018–2023

Base Year

2024

Forecast Period

2025–2030

Segments Covered in the Study

Component, Organisation Size, Application, Industry, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

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

Global Security Policy Management Market Coverage

Component Insight and Forecast 2025 – 2030

  • Solution
  • Services

Organization Size Insight and Forecast 2025 – 2030

  • Large Enterprises
  • Small & Medium Enterprises

Application Insight and Forecast 2025 – 2030

  • Network Policy Management
  • Compliance and Auditing
  • Change Management
  • Vulnerability Assessment

Industry Insight and Forecast 2025 – 2030

  • IT & Telecom
  • Healthcare
  • BFSI
  • Manufacturing
  • Energy & Power
  • Government
  • Other

Geographical Segmentation

Security Policy Management Market by Region

North America

  • By Component
  • By Organization Size
  • By Application
  • By Industry
  • By Country – U.S., Canada, and Mexico

Europe

  • By Component
  • By Organization Size
  • By Application
  • By Industry
  • By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

  • By Component
  • By Organization Size
  • By Application
  • By Industry
  • By Country – China, Japan, India, South Korea, Singapore, Taiwan, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Component
  • By Organization Size
  • By Application
  • By Industry
  • By Country – Brazil, South Africa, Saudi Arabia, and Other Countries