How Has the Network Security Policy Management NPSM Software Market Evolved Historically and What is its Current Size?
The network security policy management npsm software market has seen considerable growth due to a variety of factors.
• The market size for network security policy management (NPSM) software has seen swift expansion in recent times. It is predicted to escalate from $1.69 billion in 2024 to $1.96 billion in 2025, displaying a compound annual growth rate (CAGR) of 16.1%.
The noteworthy growth during the historical period is a result of mounting cyber threats, increasing regulatory requirements, the growing intricacy of network infrastructure, the rising quantity of sensitive data, and the adoption of cloud computing.
What Does Future Hold for The Network Security Policy Management NPSM Software Market By 2029?
The network security policy management npsm software market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market for network security policy management (NPSM) software is projected to experience substantial growth. With an anticipated compound annual growth rate (CAGR) of 16.2%, it is predicted to reach $3.56 billion in 2029.
Factors contributing to this predicted growth during the forecast period include AI and machine learning integration, AI and automation integration, adoption of zero trust architecture, the challenges of increased remote work, and regulatory evolution. Key trends for the forecast period encompass a focus on user-centric policies, technological advancements, integration with the security ecosystem, integrating threat intelligence, as well as automation and orchestration.
What Are The Primary Growth Drivers In The Network Security Policy Management NPSM Software Market?
The escalating occurrence of cyber threats is projected to drive the advancement of the network security policy management (NPSM) software market in the future. Cyber threats encompass potential hazards or peril instigated by harmful activities to compromise data via a diverse collection of strategies and measures pinpointing computer systems, networks, and digital data. To prevent these threats, network security policy management (NPSM) software is employed to establish and administer rules and protocols to shield an organization's network and data from unauthorized usage, exposure, interruption, and obliteration. For example, the Australian Cyber Security Centre, a cyber security institution based in Australia, reported in February 2023 that the number of cybercrime reports they received in 2022 was approximately 76,000, marking an increase of nearly 13% from the preceding year. Consequently, the upsurge in cyber threats is fuelling the growth of the network security policy management (NPSM) software market.
What Is The Segmentation Of The Global Network Security Policy Management NPSM Software Market?
The network security policy management (NPSM) software market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment: On-Premise, Cloud-Based
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Industry: Banking, Financial Services, And Insurance (BFSI), Health Care, Government And Defense, Information Technology(IT) And Telecom, Retail And E-commerce, Energy And Utilities, Other Industries
Subsegments:
1) By Solutions: Firewall Management, Security Information And Event Management (SIEM), Compliance Management, Threat Intelligence Solutions, Configuration Management, Access Control Solutions
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services, Managed Security Services
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What Trends Are Shaping The Network Security Policy Management NPSM Software Market?
Key players in the network security policy management (NPSM) software market are increasingly concentrating on the creation of artificial intelligence (AI)-enabled security policy management platforms in order to gain an advantage in the market. Such AI-backed platforms for managing security policies are playing a crucial role in the NPSM software sector, solving frequent security policy issues encountered by businesses. For example, Discern Security, an American cybersecurity firm, introduced an AI-driven security policy management platform in September 2023. This platform was specifically developed to tackle policy inconsistency, policy complexity and policy drift in businesses. It employs AI to scrutinize and manage security policies, thereby ensuring compliance and minimizing risk for organizations.
Who Are the Key Players In The Network Security Policy Management NPSM Software Market?
Major companies operating in the network security policy management (npsm) software market report are:
• Amazon Web Services Inc.
• The International Business Machines Corporation
• Cisco Systems Inc.
• Palo Alto Networks Inc.
• Juniper Networks Inc.
• Fortinet Inc.
• Arista Networks Inc.
• F5 Inc.
• Check Point Software Technologies Ltd.
• Trend Micro Inc.
• CrowdStrike Holdings Inc.
• CyberArk Software Ltd.
• Varonis Systems
• SailPoint Technologies Inc.
• Bitdefender SRL
• Ping Identity Corporation
• Tufin
• McAfee Corp.
• Skybox Security Inc.
• Aviatrix Inc.
• AlgoSec
• Sophos Group PLC
• RedSeal Inc.
• Untangle Inc.
• SolarWinds Corporation
What Are The Regional Insights Into The Network Security Policy Management NPSM Software Market?
North America was the largest region in the network security policy management (NPSM) software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network security policy management (npsm) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
