Network Security Policy Management Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to network security policy management market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Network Security Policy Management Market News

  • In September 2023, Discern Security, a new name in the cybersecurity management business, launched a new security policy management platform powered by artificial intelligence. The company uses AI to leverage data and optimize policy management.
  • In March 2024, Tufin, a renowned name in the network security policy management business, announced the launch of its new security policy management suite. Tufin Orchestration Suite (TOS) version R24-1 offers users the chance to optimize their cloud security and other security aspects.

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Global Network Security Policy Management Market size was valued at USD 2.03 billion in 2023 and is poised to grow from USD 2.17 billion in 2024 to USD 3.64 billion by 2032, growing at a CAGR of 6.7% during the forecast period (2025-2032).

Network security policy management providers can capitalize on the rapidly expanding cyber threat landscape to market their products and improve sales. Network security policy management providers can also benefit from adoption of zero-trust security approach by creating new solutions specific to this approach. High spending on security and imposition of strict mandates to ensure compliance by governments are also slated to help network security policy management companies maximize their business potential on a global level. 'Palo Alto Networks (USA) ', 'Fortinet (USA) ', 'Cisco Systems (USA) ', 'Check Point Software Technologies (Israel) ', 'Juniper Networks (USA) ', 'Zscaler (USA) ', 'Trend Micro (Japan) ', 'SafeBreach (USA) ', 'Netwrix (USA) ', 'Rapid7 (USA) ', 'Proofpoint (USA) ', 'Tenable (USA) ', 'Sophos (UK) ', 'Okta (USA) ', 'CrowdStrike (USA) ', 'F5 Networks (USA)'

Networks have become more complex than ever before, and this can be attributed to the sheer size and expanse of certain networks. Increasing number of devices connected to a network that are subject to different compliance mandates further complicate networks and promote network security policy management adoption.

High Demand for Zero Trust Security Approach: Network security policy management providers can create products and services that are based on the zero-trust security framework to promote their business in the long run as companies turn towards this approach to take their network security to a whole new level. Segmentation through this approach reduces the surface area of the attacked network and helps safeguard other components from damage.

North America is estimated to hold sway over the global demand for network security policy management owing to the presence of key technology companies in this region and stringent network security mandates imposed by the government. The United States is slated to account for more than 90% of the network security policy management market revenue in the North American region while most of the rest could come from Canada. Growing incidence of cyberattacks and rising demand for cloud computing and other advanced network-based technologies are also contributing to the dominance of North America in the global network security policy management marketplace.

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Global Network Security Policy Management Market
Network Security Policy Management Market

Report ID: SQMIG45D2121

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