Sunday, 15 March 2020

Security Policy Management Market – Analysis and Forecast To 2025 | Juniper Networks, FireMon.

The global security policy management market is expected to reach USD 2.7 billion by 2025, growing at a CAGR of 11.0% during the forecast period. The global security policy management market is growing at a remarkable rate. The factors driving the market penetration of the security policy management market since last few years are frequent application update or change, which is required to not affect the data flows between the numerous firewalls and servers the application trusts on, and then modify connectivity guidelines and security policies to safeguard and allow only legitimate traffic, without creating security breaches or compliance desecrations. This brings into picture security policy management implementation in organizations.

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Organizations across the globe these days are increasingly dependent on corporate governance and compliance needs. In case any of the organization is not strictly ensuing to comply with certain government standards, it has now become mandatory to conduct systematic firewall audits. All these factors will impact the security policy management progression in the market in near future.

Geographically, North America is the largest security policy management market being early adopter of the technology and large number of IT companies residing in the region. Besides, the region is very much inclined towards implementation of required security regulations and compliance. As a result, North America security policy management market will keep on growing in the years to come.

Further, APAC and Europe hold the second and third largest security policy management market position respectively, due to the adoption of firewall and other advanced security features to detect and prevent threats at the initial phase only. In addition, APAC and Europe is rapidly moving towards digitalization, this as result is also creating a positive impact on the security policy management market growth globally.

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Key players in the security policy management market are focusing on developing new products and solutions to maintain pace with evolving technologies. Further, merger & acquisition are other key strategies adopted by the solution providers in the market. Also, the market is highly fragmented with a large number of global and regional solution providers.

Some of the key players operating in the security policy management market are Cisco Systems, Inc., Check Point Software Technologies Ltd, Palo Alto Networks, Inc., Micro Focus International plc, McAfee, LLC, HelpSystems, LLC, AlgoSec, Juniper Networks, FireMon, LLC, and Tufin.

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