New York, (USA):- The global security policy management market size was 1.5 billion US$ in 2021. The global security policy management market is expected to reach 1.93 billion US dollars by 2030, registering a compound annual growth rate (CAGR) of 2.9% during the forecast period from 2022 to 2030.
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Security policy management is the method that includes guidelines to protect the IT assets of a particular organization. The system improves the organization’s data protection and mitigates cyber threats.
- The global security policy management market is expected to witness considerable growth over the study period owing to the increasing data security requirements of various verticals including BFSI, Government & Utilities, health care, etc.
- Additionally, the need to reduce reliance on human processes is steadily increasing as it includes the risks of human error. Thus, the global security policy management market will witness significant growth during the forecast period.
- The growing era of business digitalization and the risk associated with data theft is expected to propel the growth of the global security policy management market.
- The market is witnessing an increasing demand for security policy management from the commercial sector owing to the rapid increase in cross communication and data sharing activities.
- Increase in research and development activities and investments related to the development of effective security policies will accelerate the growth of the market over the study period.
COVID-19 Impact Analysis
The sudden onset of the COVID-19 pandemic has introduced various challenges in the security policy management market. However, the demand for networks and travel, smart infrastructure, robotic applications and sensor-based devices is expected to increase rapidly. Thus, the global security policy management market will witness favorable growth opportunities in various verticals, such as BFSI, energy, healthcare, etc.
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Based on geography, the global security policy management market is expected to witness strong growth opportunities in North America. The region is expected to hold the largest share owing to the increasing penetration of digital technologies across all verticals. In addition, Asia-Pacific is expected to become a rapidly growing region, due to increasing urbanization and industrialization and increasing focus of key players towards the development of smart and efficient technologies.
Global Security Policy Management Market segmentation focuses on market components, product type, organization size, vertical, and region.
Based on Components
- The solution
- Professional services
- Managed Services
Based on product type
- Network Policy Management
- Compliance and auditing
- Change management
- Vulnerability assessment
- Based on organization size
- Small and medium enterprises
- Large companies
Based on vertical
- Government and public services
- IT and Telecom
- Health care
- Energy and Utilities
- Other (travel and hospitality, education, media and entertainment)
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Overview by region
- North America
- United States
- Western Europe
- Great Britain
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand
- Rest of Asia-Pacific
- Middle East and Africa (MEA)
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Rest of South America
- Micro focus
- Palo Alto Networks
- Check Point Software Technologies
- Juniper Networks
- Help systems
- I manage
- Odyssey Consultants
- OPAQ networks
- Enterprise integration
- Skybox security
- Other top players
What is the purpose of the report?
1.The market report presents the estimated market size at the end of the forecast period. The report also examines historical and current market sizes.
2.During the forecast period, the report analyzes the growth rate, market size and market valuation.
The report presents current industry trends and future potential for North America, Asia-Pacific, Europe, Latin America, Middle East and Africa markets.
3.The report provides a comprehensive view of the market based on geographic scope, market segmentation, and financial performance of major players.
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