| Status : Published | Published On : Mar, 2024 | Report Code : VRICT5143 | Industry : ICT & Media | Available Format :
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Page : 177 |
Global Security Policy Management Market – Analysis and Forecast (2025-2030)
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)
Industry Overview
The global security policy management market size is anticipated to reach USD 3.2 billion by 2030, growing at a CAGR of 10.5% during the forecast period 2025-30. Global security policy management refers to the process of implementing, identifying, and administering the procedures and rules that every user must abide by while accessing and using the resources or IT assets of a company.
It is basically a network security policy that is designed to handle security risks and execute remedial measures to alleviate IT security vulnerabilities. At the same time, it also helps in determining the ways to recover from situations when a system is compromised or there is an intrusion in the network. The users are also given strict guidelines as to what they should do and should not. The policy also specifies who can access what type of resources and assets of the company along with the consequences for non-compliance.
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In short, it is a process to ensure the legitimacy of network traffic and prevent security breaches without sacrificing quality or compliance. It is done with the help of software that provides a set of tools to help maintain compliance and enforce firewall regulations and network security. These tools aid in the identification and removal of redundant or obsolete security rules, as well as the simplification of security operations. Thus, it proactively automates the network security management process across cloud, SDNs, and on-premise firewalls.
The COVID-19 outbreak has led to a negative impact on the security policy management market owing fall in global commodity prices and the complexity to connect electronic components. However, post the COVID-19 crisis, the surge in demand for networking and travel, rising demand for smart infrastructure, and increased adoption of robotic applications and sensor-based devices, will lead to tremendous growth in the security policy management market during the forecast period.
Market Segmentation
Insight by Component
According to the components, the global security policy management market is divided into solutions and services. The services segment is further divided into Professional and managed services.
Out of these two segments, the solution segment has a higher market share and is expected to grow at a faster rate during the forecast period. This is because there will be a significant increase among businesses to secure their network as well as internal and external infrastructure to prevent them from malware, Trojan, spam, and phishing and also ensure that their networks are secure and compliant with the industry standards.
Insight by Organization Size
According to the size of the organizations, the global security policy management market is divided into large enterprises and small & medium enterprises (SMEs). Out of these two segments, the large enterprise segments account for the larger share of the market due to greater concern for data security and investments in security and compliance implementation.
However, the SME sector will grow quickly to hold a respectable position in the global security policy management market during the forecast period due to the growing adoption of mobile devices and higher penetration of cloud-based platforms for simplifying security operations and protecting confidential data.
Insight by Application
According to the different applications, the global security policy management market is divided into network policy management, change management, compliance and auditing, and vulnerability assessment. Out of all these, the larger share belongs to the network policy management segment. This is due to the growing intricacies in network infrastructure and cross-communication inside organizations.
Insight by Industry
The most noticeable trends in the global security policy management market include the shifting from traditional homogenous models to hybrid network models. This is mainly due to the higher emphasis on digitalization, industry standard compliance, implementation of wireless network infrastructure, and government mandates.
The SPM platforms help manage policy changes as they provide useful features and capabilities such as version control, change tracking, and approval workflows. They further help in ensuring that the modifications made in the policy are well documented, authorized, and communicated properly.
Global Security Policy Management Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
|
Base Year Considered |
2024 |
|
Forecast Period |
2025 - 2030 |
|
Market Size in 2023 |
U.S.D. XX Billion |
|
Revenue Forecast in 2030 |
U.S.D. 3.2 Billion |
|
Growth Rate |
10.5% |
|
Segments Covered in the Report |
By Component, By Organization Size, By Application, and By Industry |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
Industry Dynamics
Industry Trends
The increased shift from a homogenous model to a hybrid network model owing to increased emphasis on digitalization, use of wireless network infrastructure, and compliance with industry standards and government mandates are the trends prevalent in the security policy management industry.
SPM platforms assist in managing policy changes by providing change tracking, version control, and approval workflows. These features ensure that policy modifications are properly authorized, documented, and communicated.
Growth Drivers
The most significant growth drivers of the global security policy management market include the growing number of cyberattacks and the growing need for optimized solutions to handle advanced network settings more effectively. The growing investment in such solutions by the defense sector also results in the growth of the global security policy management market. It helps them to handle the growing geopolitical tension.
Then the commercial sectors also play their role in fueling the growth of the global security policy management market due to their growing need for safer data exchange and preventing cross-communication.
These solutions also offer application-layer security which is a necessity among a lot of industry verticals including IT & telecom, government, BFSI, retail, and others, which further propels the growth of the global security policy management market. Also, increasing regulatory requirements, the complexity of IT environments, and the need to alleviate cybersecurity risks across various sectors to ensure integrity, confidentiality, and availability of critical assets are a few other growth factors of the global security policy management market.
Challenges
It is difficult to stick to a single platform or a uniform standard of these SPM platforms by companies and government associations that need to update their security standards and policies regularly. Also, there are some specific regions where there is a significant lack of awareness of cyber threats, specialized skills, and availability of proper network security policy management solutions. These may prevent the growth of the global security policy management market along with the rising prices of software and hardware and high initial investment may hinder its growth.
However, a lot of initiatives are taken to address these issues, which will ensure the growth of the global security policy management market during the forecast period.
Opportunities
A lot of opportunities for growth of the global security policy management market are created by rapid technological development, higher research and development activities to develop better policies and guidelines, and a greater focus on modernizing software.
Geographic Overview
North America is the highest contributor to the global security policy management market being the early adopter of this technology. However, higher adoption of cloud-based services, growing incidences of cyberattacks, especially in the healthcare and BFSI industry, higher inclination toward hybrid network model, and a large number of IT companies operating in the region are also several factors that will allow this region to use this technology more and hold the leading position during the analysis period.
Next to North America are APAC and Europe in the second and third positions respectively and will grow during the forecast period due to higher adoption of advanced security features like firewalls to detect and prevent cyber threats. These regions are also moving toward digitization at a rapid rate and there is a growing trend of industrial automation, which will also impact the growth of the global security policy management market during the analysis period.
Competitive Insight
The industry players in the security policy management market are emphasizing advancing novel products and solutions so as to keep up with evolving technology. Further, mergers & acquisitions and product launches are other key strategies adopted by the solution providers in the market so as to gain a competitive edge in the market. Also, the market is highly fragmented owing to a large number of global and regional solution providers engaged in developing and commercializing security-based policy management solutions.
Check Point Software Technologies Ltd. is a global leader in cyber security solutions for governments and businesses. Its solutions safeguard consumers from 5th-generation cyber-attacks by catching malware, ransomware, and other sorts of attacks. Check Point's layered security architecture, "Infinity" Total Protection with Gen V advanced threat prevention, protects data in the cloud, on networks, and on mobile devices.
AlgoSec is one of the world's top providers of network security policy management solutions, enabling enterprises to become more agile, secure, and compliant around the world. Through a single pane of glass, AlgoSec streamlines and proactively automates network security policy management across on-premise firewalls, SDNs, and the public cloud. The AlgoSec gives a comprehensive, business-level visibility into complete network security infrastructure. Across the hybrid network estate, encompassing public cloud, private cloud, containers, and on-premises networks, the AlgoSec platform automates application connectivity and security policy.
- VPN-as-a-Service from the cloud provides zero-trust connectivity to business applications.
- With new global points of presence, connectivity speeds have improved around the world.
- Device posture validation for remote user devices provides increased security for the environment.
These new improvements will protect remote and hybrid workforces against Gen V cyber-threats as they connect to any resource from any device, anywhere, owing to the remote working in organisations, and some even permanently shift to hybrid or remote work models.
Some of the key players operating in the security policy management industry include Cisco Systems, Inc., Check Point Software Technologies Ltd, Tufin, Palo Alto Networks, Inc., Micro Focus International plc, AlgoSec, Juniper Networks, McAfee, LLC, HelpSystems, LLC, and FireMon, LLC.
Recent Developments by Key Players
DECEMBER 05 2023- Cisco has announced a new artificial intelligence assistant which is designed to enhance cybersecurity measures by providing policy recommendation, advanced data analysis and automated task management. The new service shall make AI pervasive in the Security Cloud which help customers to make informed decisions, augment their tool capabilities and automate complex tasks.
November 08, 2023 - Check Point Software Technologies collaborated with Phosphorus (leading provider of unified security management and breach prevention for the xTended Internet of Things (xIoT) to provide enterprises and critical industries with enhanced visibility and protection across their entire xIoT estates. The new partnership provides the industry’s most advanced asset-centric xIoT visibility at the network level.
The Security Policy Management Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Component
- Solution
- Services
- By Organization Size
- Large Enterprises
- Small & Medium Enterprises
- By Application
- Network Policy Management
- Compliance and Auditing
- Change Management
- Vulnerability Assessment
- By Industry
- IT & Telecom
- Healthcare
- BFSI
- Manufacturing
- Energy & Power
- Government
- Other
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
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Source: VynZ Research
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Security Policy Management Market