[134 Pages Report] The global security policy management market size expected to grow from USD 1.5 billion in 2019 to USD 2.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.6% during the forecast period. Need to increase the agility of business processes without sacrificing security and the need to reduce the reliance on the manual process are the major factors driving the growth of the market.
The solution segment is expected to hold the largest market size in the security policy management market by component. Security policy management solutions help to protect data within networks. Organizations are adopting these solutions to ensure continuous compliance. Security policy management solutions are capable of securing vital information against evolving threats, such as spams, malware, Trojan, Business Email Compromise (BEC), and phishing. The solutions are gaining traction due to the increasing demand among enterprises to effectively secure their internal and external infrastructure in order to protect critical business information and infrastructure.
The BFSI industry vertical is estimated to hold the largest market size in the security policy management market in 2019. The BFSI is the most targeted industry vertical, as it deals with large volumes of sensitive and private financial data. The enterprises in BFSI are demanding for security policy management solutions to ensure irreversible security. Moreover, the industry vertical is the most regulated, as it has to comply with many security requirements.
North America is estimated to account for the highest market share in the security policy management market in 2019. Early adoption of security policy management solution and the presence of several vendors that provide security policy management are expected to drive market growth in the region. Businesses in the region are increasingly implementing security policy management solutions to detect and prevent threats at the early stage.
The major vendors in the market are Cisco (US), Micro Focus (UK), Palo Alto Networks (US), Check Point Software Technologies (US), McAfee (US), Juniper Networks (US), Firemon (US), HelpSystems (US), AlgoSec (US), Tufin (US), CoNetrix (US), iManage (US), Odyssey Consultants (Cyprus), OPAQ Networks (US), Enterprise Integration (US) and Skybox Security (US).
Report Metrics |
Details |
Market size available for years |
20172024 |
Base year considered |
2018 |
Forecast period |
20192024 |
Forecast units |
Value (USD) |
Segments covered |
Components (solution and services), Product type (network policy management, compliance and auditing, change management and vulnerability assessment) Organization size (small and medium-sized enterprises and large enterprises), Verticals (banking, financial services, and insurance, government and public sector, it and telecom, healthcare, retail, manufacturing, energy and utilities and others), and Regions. |
Geographies covered |
North America, Europe, APAC, Latin America and MEA |
Companies covered |
Cisco (US), Micro Focus (UK), Palo Alto Networks (US), Check Point Software Technologies (US), McAfee (US), Juniper Networks (US), Firemon (US), HelpSystems (US), AlgoSec (US), Tufin (US), CoNetrix (US), iManage (US), Odyssey Consultants (Cyprus), OPAQ Networks (US), Enterprise Integration (US), and Skybox Security (US). |
This research report categorizes the security policy management market to forecast revenues and analyze trends in each of the following submarkets:
What does security policy management mean?
What are the driving factors for security policy management market?
Some of the factors that are driving the security policy management market includes:
Who are the prominent players in the security policy management market?
What is the security policy management market size?
Which are the major security policy management verticals?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 17)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primary Participants Profiles
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down and Bottom-Up Approaches
2.4 Market Forecast
2.5 Microquadrant Research Methodology
2.5.1 Vendor Inclusion Criteria
2.6 Assumptions for the Study
2.7 Limitations of the Study
3 Executive Summary (Page No. - 28)
4 Premium Insights (Page No. - 32)
4.1 Attractive Market Opportunities in the Security Policy Management Market
4.2 Market By Component, 2019
4.3 Market By Organization Size, 20192024
4.4 Market Market Share of Top 3 Industry Verticals and Regions, 2019
4.5 Market By Product Type, 2019
4.6 Market Investment Scenario
5 Security Policy Management Market Overview and Industry Trends (Page No. - 35)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Demand for Greater Business Agility Without Sacrificing Security
5.2.1.2 Need to Reduce the Reliance on Manual Processes
5.2.2 Restraints
5.2.2.1 Continuously Changing Business Requirements
5.2.3 Opportunities
5.2.3.1 Shift From Homogenous Model to Hybrid Network Model
5.2.3.2 Growing Pressure From Regulatory Bodies to Maintain Proper Security Policies
5.2.4 Challenges
5.2.4.1 Low Cybersecurity Budget
5.3 Industry Trends
5.3.1 Centralized Security Policy Management
5.4 Security Policy Management: use Cases
5.4.1 Cdw Attaining Sox Compliance With Ease
5.4.2 Tekjet Adopted Check Point for Security Management
5.5 Regulatory Implications
5.5.1 General Data Protection Regulation
5.5.2 Payment Card Industry Data Security Standard
5.5.3 Health Insurance Portability and Accountability Act
5.5.4 Federal Information Security Management Act
5.5.5 Gramm-Leach-Bliley Act
5.5.6 Sarbanes-Oxley Act
5.5.7 The International Organization for Standardization 27001
6 Security Policy Management Market By Component (Page No. - 42)
6.1 Introduction
6.2 Solution
6.2.1 Need to Secure Organizations From Cyberattacks to Drive the Adoption of Security Policy Management Solutions
6.3 Services
6.3.1 Professional Services
6.3.1.1 Increasing Need for Security Professionals to Drive the Demand for Professional Services
6.3.2 Managed Services
6.3.2.1 Increasing Need to Reduce Data Breaches and Protect Intellectual Property Driving the Demand for Managed Services
7 Market By Product Type (Page No. - 48)
7.1 Introduction
7.2 Network Policy Management
7.2.1 Growing Complexities in Networks to Boost the Demand for Network Policy Management
7.3 Compliance and Auditing
7.3.1 Growing Need for Dynamic Policy Auditing and Risk Analysis to Fuel the Demand for Compliance and Auditing
7.4 Change Management
7.4.1 Increasing Network Policy Changes to Drive the Demand for Change Management
7.5 Vulnerability Assessment
7.5.1 Surging Need to Identify Network Vulnerabilities Driving the Demand for Vulnerability Management
8 Security Policy Management Market By Organization Size (Page No. - 54)
8.1 Introduction
8.2 Small and Medium-Sized Enterprises
8.2.1 Rising Security Issues to Drive the Adoption of Security Policy Management Solutions Among Small and Medium-Sized Enterprises
8.3 Large Enterprises
8.3.1 Increasing Cyberattacks and Hefty Fines for Regulatory Non-Compliance to Boost the Adoption of Security Policy Management Solutions Among Large Enterprises
9 Market By Vertical (Page No. - 58)
9.1 Introduction
9.2 Banking, Financial Services, and Insurance
9.2.1 Growing Need to Adhere to Stringent Regulatory Compliances Driving the Adoption of Security Policy Management Solutions in Banking, Financial Services, and Insurance Vertical
9.3 Government and Public Sector
9.3.1 Increasing Need to Protect Sensitive Data of Citizens as Well as Organizations Driving the Adoption of Security Policy Management Solutions in Government and Public Sector
9.4 IT and Telecom
9.4.1 Increasing Need for Web, Mobile, and Cloud-Based Applications to Drive the Demand for Security Policy Management Solutions in IT and Telecom Vertical
9.5 Healthcare
9.5.1 Growing Need for Securing Patients Data to Boost the Adoption of Security Policy Management Solutions in Healthcare
9.6 Retail
9.6.1 Need to Reduce Operational Cost and Enhance Profit Margins Driving the Adoption of Security Policy Management Solutions in Retail
9.7 Manufacturing
9.7.1 Rising Need for Effective Risk Management to Drive the Adoption of Security Policy Management Solutions in Manufacturing
9.8 Energy and Utilities
9.8.1 Need for IIoT and Connected Devices to Spur the Demand for Security Policy Management Solutions in Energy and Utilities
9.9 Others
10 Security Policy Management Market By Region (Page No. - 68)
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 Stringent Regulatory Standards and a Large Number of Vendors to Drive the Growth of Market in the US
10.2.2 Canada
10.2.2.1 Increasing Adoption of New Technology to Drive the Growth of Market in Canada
10.3 Europe
10.3.1 United Kingdom
10.3.1.1 Existing Laws and Regulations and Adoption of New Technologies to Drive the Demand for Security Policy Management Solutions in the UK
10.3.2 Germany
10.3.2.1 Existing Ecosystem to Increase the Need for Security Policy Management Solutions in German Organizations
10.3.3 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Already Existing Economy to Boost the Growth of Security Policy Management Market in China
10.4.2 Japan
10.4.2.1 Government Initiatives and Increase in Need for Cybersecurity to Spur the Demand for Security Policy Management Solutions in Japan
10.4.3 India
10.4.3.1 Presence of Local and International Players to Contribute to the Growth of Market in India
10.4.4 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Government Initiatives and Digitalization of Core Business Functions to Drive the Growth of the Market in the Middle East
10.5.2 Africa
10.5.2.1 Communication Service Providers Continued Focus on Cloud Technologies to Boost the Growth of the Security Policy Management Market in Africa
10.6 Latin America
10.6.1 Brazil
10.6.1.1 Banking Sector to Drive the Growth of Security Policy Management in Brazil
10.6.2 Mexico
10.6.2.1 Focus of Mexican Government Toward Egovernance Using Cloud Technologies to Drive the Demand for Security Policy Management Solutions in Mexico
10.6.3 Rest of Latin America
11 Competitive Landscape (Page No. - 92)
11.1 Competitive Leadership Mapping
11.1.1 Visionary Leaders
11.1.2 Innovators
11.1.3 Dynamic Differentiators
11.1.4 Emerging Companies
11.2 Competitive Scenario
11.2.1 Partnerships, Agreements, and Collaborations
11.2.2 New Product Launches/Product Enhancements
11.2.3 Mergers and Acquisitions
12 Company Profiles (Page No. - 98)
12.1 Introduction
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.2 Cisco
12.3 Micro Focus
12.4 Palo Alto Networks
12.5 Check Point Software Technologies
12.6 McAfee
12.7 Juniper Networks
12.8 Firemon
12.9 HelpSystems
12.10 AlgoSec
12.11 Tufin
12.12 CoNetrix
12.13 iManage
12.14 Odyssey Consultants
12.15 OPAQ Networks
12.16 Enterprise Integration
12.17 Skybox Security
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 128)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
List of Tables (60 Tables)
Table 1 Factor Analysis
Table 2 Evaluation Criteria
Table 3 Security Policy Management Market Size and Growth, 20172024 (USD Million, Y-O-Y %)
Table 4 Market Size By Component, 20172024 (USD Million)
Table 5 Solution: Market Size By Region, 20172024 (USD Million)
Table 6 Services: Market Size By Region, 20172024 (USD Million)
Table 7 Services: Market Size By Type, 20172024 (USD Million)
Table 8 Professional Services Market Size, By Region, 20172024 (USD Million)
Table 9 Managed Services Market Size, By Region, 20172024 (USD Million)
Table 10 Security Policy Management Market Size, By Product Type, 20172024 (USD Million)
Table 11 Network Policy Management: Market Size By Region, 20172024 (USD Million)
Table 12 Compliance and Auditing: Market Size By Region, 20172024 (USD Million)
Table 13 Change Management: Market Size By Region, 20172024 (USD Million)
Table 14 Vulnerability Assessment: Market Size By Region, 20172024 (USD Million)
Table 15 Market Size, By Organization Size, 20172024 (USD Million)
Table 16 Small and Medium-Sized Enterprises: Market Size By Region, 20172024 (USD Million)
Table 17 Large Enterprises: Market Size By Region, 20172024 (USD Million)
Table 18 Security Policy Management Market Size, By Vertical, 20172024 (USD Million)
Table 19 Banking, Financial Services, and Insurance: Market Size By Region, 20172024 (USD Million)
Table 20 Government and Public Sector: Market Size By Region, 20172024 (USD Million)
Table 21 IT and Telecom: Market Size By Region, 20172024 (USD Million)
Table 22 Healthcare: Market Size By Region, 20172024 (USD Million)
Table 23 Retail: Market Size By Region, 20172024 (USD Million)
Table 24 Manufacturing: Market Size By Region, 20172024 (USD Million)
Table 25 Energy and Utilities: Market Size By Region, 20172024 (USD Million)
Table 26 Others: Market Size By Region, 20172024 (USD Million)
Table 27 Security Policy Management Market Size, By Region, 20172024 (USD Million)
Table 28 North America: Market Size, By Component, 20172024 (USD Million)
Table 29 North America: Market Size By Service, 20172024 (USD Million)
Table 30 North America: Market Size By Product Type, 20172024 (USD Million)
Table 31 North America: Market Size By Organization Size, 20172024 (USD Million)
Table 32 North America: Market Size By Vertical, 20172024 (USD Million)
Table 33 North America: Market Size By Country, 20172024 (USD Million)
Table 34 Europe: Security Policy Management Market Size, By Component, 20172024 (USD Million)
Table 35 Europe: Market Size By Service, 20172024 (USD Million)
Table 36 Europe: Market Size By Product Type, 20172024 (USD Million)
Table 37 Europe: Market Size By Organization Size, 20172024 (USD Million)
Table 38 Europe: Market Size By Vertical, 20172024 (USD Million)
Table 39 Europe: Market Size By Country, 20172024 (USD Million)
Table 40 Asia Pacific: Market Size, By Component, 20172024 (USD Million)
Table 41 Asia Pacific: Market Size By Service, 20172024 (USD Million)
Table 42 Asia Pacific: Market Size By Product Type, 20172024 (USD Million)
Table 43 Asia Pacific: Market Size By Organization Size, 20172024 (USD Million)
Table 44 Asia Pacific: Market Size By Vertical, 20172024 (USD Million)
Table 45 Asia Pacific: Market Size By Country, 20172024 (USD Million)
Table 46 Middle East and Africa: Security Policy Management Market Size, By Component, 20172024 (USD Million)
Table 47 Middle East and Africa: Market Size By Service, 20172024 (USD Million)
Table 48 Middle East and Africa: Market Size By Product Type, 20172024 (USD Million)
Table 49 Middle East and Africa: Market Size By Organization Size, 20172024 (USD Million)
Table 50 Middle East and Africa: Market Size By Vertical, 20172024 (USD Million)
Table 51 Middle East and Africa: Market Size By Country, 20172024 (USD Million)
Table 52 Latin America: Security Policy Management Market Size, By Component, 20172024 (USD Million)
Table 53 Latin America: Market Size By Service, 20172024 (USD Million)
Table 54 Latin America: Market Size By Product Type, 20172024 (USD Million)
Table 55 Latin America: Market Size By Organization Size, 20172024 (USD Million)
Table 56 Latin America: Market Size By Vertical, 20172024 (USD Million)
Table 57 Latin America: Market Size By Country, 20172024 (USD Million)
Table 58 Partnerships, Agreements, and Collaborations, 20172019
Table 59 New Product Launches/Product Enhancements, 20172019
Table 60 Mergers and Acquisitions, 20172019
List of Figures (32 Figures)
Figure 1 Global Security Policy Management Market: Research Design
Figure 2 Research Methodology
Figure 3 Security Policy Management Market: Bottom-Up and Top-Down Approaches
Figure 4 Global Market to Witness Significant Growth During the Forecast Period
Figure 5 Services Segment to Grow at a Higher CAGR During the Forecast Period
Figure 6 North America to Hold the Highest Market Share in 2019
Figure 7 Fastest-Growing Segments of the Security Policy Management Market
Figure 8 Increasing Number of Cyberattacks Across Verticals Fueling the Growth of Market
Figure 9 Solution Segment to Have a Higher Market Share During the Forecast Period
Figure 10 Large Enterprises Segment to Have a Higher Market Share During the Forecast Period
Figure 11 BFSI Industry Vertical and North America to Have the Highest Market Shares in 2019
Figure 12 Network Policy Management Segment to Hold the Highest Market Share in 2019
Figure 13 Asia Pacific to Emerge as the Best Market for Investment in the Next 5 Years
Figure 14 Drivers, Restraints, Opportunities, and Challenges: Security Policy Management Market
Figure 15 Services Segment to Grow at a Higher CAGR During the Forecast Period
Figure 16 Managed Services Segment to Grow at the Highest CAGR During the Forecast Period
Figure 17 Change Management Product Type to Grow at the Highest CAGR During the Forecast Period
Figure 18 Small and Medium-Sized Enterprises Segment to Grow at the Highest CAGR During the Forecast Period
Figure 19 Retail Vertical to Grow at the Highest CAGR During the Forecast Period
Figure 20 North America to Account for the Largest Market Size in 2018
Figure 21 North America: Market Snapshot
Figure 22 Asia Pacific: Market Snapshot
Figure 23 Global Security Policy Management Market, Competitive Leadership Mapping, 2019
Figure 24 Key Developments By the Leading Players in the Market, 20172019
Figure 25 Cisco: Company Snapshot
Figure 26 Cisco: SWOT Analysis
Figure 27 Micro Focus: Company Snapshot
Figure 28 Micro Focus: SWOT Analysis
Figure 29 Palo Alto Networks: Company Snapshot
Figure 30 Check Point Software Technologies: Company Snapshot
Figure 31 Check Point Software Technologies: SWOT Analysis
Figure 32 Juniper Networks: Company Snapshot
The study involved 4 major activities in estimating the current market size for the security policy management market. Exhaustive secondary research was done to collect information on the market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments of the security policy management market.
In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva have been referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, whitepapers, certified publications and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.
The security policy management market comprises several stakeholders, such as security policy management vendors, regulatory bodies, system integrators, resellers and distributors, research organizations, government agencies, enterprise users, venture capitalists, private equity firms, and startup companies. The demand-side of the market consists of enterprises across different industries including retail, manufacturing and logistics, BFSI, telecom and IT, and healthcare and life science. The supply-side includes security policy management solution providers, offering security policy management solution and services. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents:
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Both top-down and bottom-up approaches were used to estimate and validate the total size of the security policy management market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
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