The global network security policy management (NSPM) market is witnessing continually rising revenues. The market growth attributes to the rising demand for NSPM solutions in rapidly growing BFSI, government & defense, and healthcare industries. Besides, the increasing compliance requirements and the need to protect network layers from advanced cyber threats drive market growth.

With spurring growth in network security policy management services, the market is forecasted to witness significant traction in the years to come. In this regard, Market Research Future (MRFR) asserts that the global network security policy management market is expected to grow pervasively during the review period (2020-2027). 

Increasing numbers of organizations make strategic investments in network security policy management that help them improve speed and responsiveness. Network security policy management (NSPM) solutions are used across the industry verticals to efficiently secure digital assets.

The NSPM solutions provide full visibility in managing a range of network security solutions, such as traditional & next-generation firewalls, security controls for all types of cloud, and heterogeneous network environments. Also, NSPM provides network visualization, traffic simulations, risk analysis, compliance reporting, and auditing capabilities for IT administrators.

Conversely, budget constraints in the enterprises for cybersecurity solutions are major factors projected to impede the market growth. Nevertheless, efficacies of network security policy management solutions would support market growth throughout the review period.

Network Security Policy Management Market   – Segments 

The report is segmented into components, deployment modes, industry verticals, and regions. The component segment is sub-segmented into solutions and services. The deployment mode segment is sub-segmented into on-cloud and on-premises.

The industry vertical segment is sub-segmented into government & defense, manufacturing, BFSI, IT & telecom, retail, healthcare, energy & utilities, and others. The region segment is sub-segmented into Europe, Americas, Asia Pacific, and the Rest-of-the-World.

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Network Security Policy Management (NSPM) Market – Regional Analysis

North America leads the global network security policy management market, heading with technological advances and massive adoption of cybersecurity solutions. Besides, the presence of notable players and well-established technology development centers drive the market growth, enabling early adoption of IoT and Artificial Intelligence (AI) technologies. The US, with the rising technological enhancements, accounts for a significant share in the regional market.

Europe is the second-largest market for network security policy management solutions. The market growth attributes to the increasing adoption of on-demand cloud services in the region. Growing markets in Germany, France, the UK, and Italy show impressive growth in MSPM deployments. 

The network security policy management (NSPM) market in the Asia Pacific region is growing rapidly. The market growth is driven by the vast adoption in the burgeoning IT & telecom sector and economical growth in the region. Japan, China, and India account for major shares in the regional market. 

Network Security Policy Management Market   – Competitive Analysis 

Highly competitive, the NSPM market appears to be fragmented due to the presence of several well-established market players. To gain a larger competitive share, players incorporate strategic initiatives such as mergers & acquisitions, collaborations, expansion, and product/technology launch.

These players increasingly focus on innovation and the development of new solutions, which fuel the already intensified market competition. The market’s high growth potential attracts several new entrants to the market, further boosting the market competition.  

Major Players:

Players active in the network security policy management market include Check Point Software Technologies Ltd., AlgoSec Inc., Palo Alto Networks, Inc., HPE Development LP, FireMon, LLC, Forcepoint LLC, Sophos Ltd., Tufin Software Technologies, IBM Corporation, and Juniper Networks, Inc., among others. 

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