Security Policy Management Market Future Trends, Prominent Players, Covid 19 Impact and Forecast

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    Summary

    The security policy management market is predicted to generate a revenue of $2,647.1 million by 2024, increasing from $1,622.3 million in 2018, advancing at a 9.1% CAGR during the forecast period (2019–2024).

    Press Release

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    The security policy management market is predicted to generate a revenue of $2,647.1 million by 2024, increasing from $1,622.3 million in 2018, advancing at a 9.1% CAGR during the forecast period (2019–2024). Based on application, the market is divided into vulnerability assessment, compliance & auditing, network policy management, change management, and others (which include risk management and application connectivity management).

    Out of these, the network policy management division held the major share of the market in the past. The change management division is projected to grow at the fastest pace during the forecast period. A number of functions are performed change management solutions, such as restricting unauthorized access, monitoring policy changes, restoration to trusted versions, and sending notifications related to changes.

    Geographically, the security policy management market was dominated by North America in 2018, which is majorly because of the swift adoption of cloud services, rising number of cyber-attacks, and increasing demand for efficient risk management solutions. Additionally, the rapid shift towards the hybrid network model in the region is also leading to the growth of the market.

    Within the region, the U.S. has been the major contributor to the regional domain, because of the surging adoption rate of next-generation technologies, including deep learning, machine learning, and cloud computing, primarily in the healthcare sector. The Asia-Pacific region is expected to witness the fastest growth during the forecast period, because of the rising awareness regarding cyber-attacks in the region.

    In conclusion, the need for safeguarding assets and resources in enterprises is driving the demand for security policy management. This market research report provides a comprehensive overview of the security policy management market

    • Historical and the present size of the security policy management market
    • Future potential of the market through its forecast for the period 2020– 2030
    • Major factors driving the market and their impact during the short, medium, and long terms
    • Market restraints and their impact during the short, medium, and long terms
    • Recent trends and evolving opportunities for the market participants
    • Historical and the present size of the market segments and understand their comparative future potential