Global Network Security Policy Management (NPSM) Software Market Size By Component (Solutions, Services), By Deployment (On-premise, Cloud-based), By Organization Size (Small and medium-sized enterprises (SMEs), Large Enterprises), By Industry (Banking, Financial Services, and Insurance (BFSI)), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationNetwork Security Policy Management (NPSM) Software Market Size and Forecast
Network Security Policy Management (NPSM) Software Market size was valued at USD 1.2 billion in 2022 and is projected to reach USD 3.8 billion by 2030, growing at a CAGR of 11.2% from 2023-2030.
So, what's making the market for Network Policy Security Management (NPSM) software grow? Well, network security regulations are getting seriously complicated, and everyone's scrambling to stay compliant. With more cyber-attacks and data breaches happening every day, businesses are turning to NPSM software to boost their security and avoid losing sensitive data. Plus, the increasing use of cloud services and mobile devices is also a big factor. As more companies move to the cloud and embrace remote work, the demand for strong network security policy management is only going to increase. All of this means the NPSM software market is expected to grow quite a bit from 2022 to 2030. Expect to see NPSM software constantly evolving and getting better as the need for easier and more effective ways to handle network security policies keeps growing.
Global Network Security Policy Management (NPSM) Software Market Definition
So, Network Security Policy Management (NPSM) is basically software that helps you manage and protect your company's network security. Think of it like thisit's software for network policy and configuration management that makes it easier to enforce security rules across all your firewalls, routers, and switches. It gives you one central place to create, update, and apply network security rules across your entire organization. We're talking about rules for things like access control, intrusion detection, and even data encryption! A big plus with NPSM software is that it helps with compliance. It can ensure your network security policies follow important regulations like PCI DSS, HIPAA, and GDPR. This helps you avoid those nasty fines and reputational hits that can come with not following the rules.
Using NPSM software can really help organizations understand their network security policies better. This means they can see potential security threats coming and get ready for them. Honestly, when you're talking about keeping a network safe and managed well, NPSM software is a big deal. It gives businesses a single place to manage and make sure everyone follows the rules, which helps lower the chance of losing data or dealing with cyberattacks. And because more companies are moving to the cloud and letting people work from anywhere, expect to see a HUGE demand for these NPSM programs in the future!
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Global Network Security Policy Management (NPSM) Software Market Overview
The Network Security Policy Management (NPSM) software market? It's booming! Experts predict it will be worth a lot more in the coming years. What's driving this? Well, cyberattacks are on the rise, and companies need to protect their important data and systems with strong network security. Plus, more and more businesses are using cloud services and letting employees use their own devices (BYOD), which adds to the complexity. Think about ityou need to manage policies across all those different network environments. That's where NPSM software comes in – it helps companies manage and enforce rules across all their devices and platforms, ensuring they comply with regulations. And with the growing need for real-time network security analytics and reporting, the market is only expected to get bigger. So, yeah, it's a pretty hot area right now.
Okay, so the market for NPSM software? It's expected to hit some snags because these solutions can be pretty pricey to get up and running and then keep running. Think about it – for smaller companies or those watching their pennies, shelling out for the software, plus hiring someone to manage it and training them? That's a big ask. And let's not forget the headache of trying to make this new software play nice with their existing network infrastructure. But hey, it's not all doom and gloom! There's a real opportunity here for suppliers and service providers. With Software-as-a-Service (SaaS) and everyone jumping on the cloud bandwagon, they can offer more affordable solutions to way more customers. Plus, with network security becoming a bigger deal in places like Latin America and Asia Pacific, there's room for providers to really expand and grab a bigger piece of the pie.
Think about it – how do you break down the market for Network Performance & Security Management (NPSM) software? Well, one way is by how you get iton-premise or in the cloud. Then there's the size of your companymaybe you're a SME, or perhaps a sprawling enterprise. And of course, what industry are you in? Healthcare, banking, government, or even IT & Telecom, just to name a few. Geographically, you've got Latin America, the Middle East & Africa, North America, Europe, and Asia Pacific. North America is currently leading the pack, probably because lots of big players are already using the latest network security tech. But don't count out Asia Pacific – with more and more businesses using cloud services and facing cyber threats, they're expected to grow a lot in the coming years.
Global Network Security Policy Management (NPSM) Software Market Segmentation Analysis
The Global Network Security Policy Management (NPSM) Software Market is Segmented on the basis of Component, Deployment, Organization Size, Industry, And Geography.
Network Security Policy Management (NPSM) Software Market, By Component
- Solutions
- Services
Based on Component, the market is segmented into solutions and services. The solutions segment has a larger market share as it provides automated management of network security policies to ensure compliance with industry regulations and prevent security breaches.
Network Security Policy Management (NPSM) Software Market, By Deployment
- On-premise
- Cloud-based
Based on Deployment, the market is segmented into On-premise, Cloud-based. on-premises and cloud deployment. The cloud segment is growing rapidly due to its advantages such as scalability, flexibility, and cost-effectiveness.
Network Security Policy Management (NPSM) Software Market, By Organization Size
- Small and medium-sized enterprises (SMEs)
- Large enterprises
Based on Organization Size, the market is segmented into small and medium enterprises (SMEs) and large enterprises. The large enterprise segment has a larger market share as they have a higher budget for advanced security solutions and complex IT infrastructure.
Network Security Policy Management (NPSM) Software Market, By Industry
- Banking, Financial Services, and Insurance (BFSI)
- Health care
- Government and Defence
- IT and Telecom
- Retail and e-commerce
- Energy and utilities
- Others
Based on Industry, the market is segmented into Banking, Financial Services & Insurance (BFSI), Healthcare, Government & Defense, IT & Telecom, Retail & E-Commerce, Energy. and utilities and more. The BFSI segment, which deals with sensitive financial data and requires strict security measures to prevent cyber-attacks, has the largest market share.
Network Security Policy Management (NPSM) Software Market, By Geography
- North America
- Europe
- Asia and the Pacific
- Latin America
- Middle East and Africa
Based on Geography, the global network security policy management (NPSM) software market is segmented by region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds the largest market share due to the presence of major players in the market, increasing adoption of cloud solutions, and high number of cyber-attacks in the region.
Key Players
Key companies in the market for Network Security Policy Management (NPSM) software include Cisco Systems, Sophos, Palo Alto Networks, Skybox Security, and Palo Alto Networks.
These businesses provide NPSM software to assist businesses to streamline and control their network security settings. Market leaders like Tufin and AlgoSec provide end-to-end options for monitoring and securing networks and ensuring regulatory compliance. The well-known Cisco Systems and Palo Alto Networks both provide NPSM solutions to aid businesses in managing and enforcing their network-wide security rules.
Key Developments
- 2021 – Tufin acquired UP9, a provider of security automation, in January 2021 with the intention of bolstering its security policy management services.
- 2020 – The latest version of AlgoSec’s NPSM solution, AlgoSec 2020.1, was published in May 2020 with improved automation and visibility features.
- 2019 – FireMon, a provider of network policy and security management (NPSM) solutions, announced the availability of FireMon Automation in October 2019.
- 2018 – To better manage network security, Skybox Security bought Indegy, a cybersecurity analytics firm, in March 2018.
- 2017 – In February of 2017, Cisco Systems unveiled the availability of their network perimeter security management (NPSM) solution, Cisco Defence Orchestrator.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2019-2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Period | 2019-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Cisco Systems, Sophos, Palo Alto Networks, Skybox Security, and Palo Alto Networks. |
| Segments Covered | By Component, By Deployment, By Organization Size, By Industry, And By Geography. |
| Customization Scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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