https://www.thebusinessresearchcompany.com/report/network-security-policy-management-npsm-software-global-market-report
According to The Business Research Company’s Network Security Policy Management (NPSM) Software Global Market Report 2024, The network security policy management (npsm) software market size has grown rapidly in recent years. It will grow from $1.45 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to increasing cyber threats, stringent regulatory compliance, rising complexity in network infrastructure, growing volume of sensitive data, adoption of cloud computing.
The network security policy management (npsm) software market size is expected to see rapid growth in the next few years. It will grow to $3.06 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to integration with artificial intelligence (AI) and machine learning (ml), ai and automation integration, zero trust architecture adoption, increased remote work challenges, regulatory evolution. Major trends in the forecast period include focus on user-centric policies, technology advancements, integration with security ecosystem, threat intelligence integration, automation and orchestration.
The increase in cyber threats is expected to propel the growth of the network security policy management (NPSM) software market going forward. Cyber threats refer to potential dangers or risks posed by malicious activities to damage data through a wide range of activities and tactics that target computer systems, networks and digital information. Network security policy management (NPSM) software prevents cyber threats by implementing and maintaining policies and procedures to protect an organization’s network and data against unauthorized access, use, disclosure, disruption and destruction. For instance, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, the cybercrime reports received in 2022 were 76,000, which increased by about 13% from the previous year. Therefore, the increase in cyber threats drives the network security policy management (NPSM) software market.
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The network security policy management (npsm) software market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment: On-Premise, Cloud-Based
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Industry: Banking, Financial Services, And Insurance (BFSI), Health Care, Government And Defence, Information Technology(IT) And Telecom, Retail And E-commerce, Energy And Utilities, Other Industries
Major companies operating in the network security policy management (NPSM) software market are focusing on developing artificial intelligence (AI)-powered security policy management platform to gain a competitive edge in the market. Artificial intelligence (AI)-powered security policy management platforms play a significant role in network security policy management (NPSM) software to address security policy challenges commonly faced by businesses. For instance, in September 2023, Discern Security, a US-based cybersecurity services firm, launched an artificial intelligence (AI)-powered security policy management platform. This is designed for three security policy challenges that include policy complexity, policy inconsistency and policy drift in business. It uses artificial intelligence (AI) to analyze and manage security policies for organizations to maintain compliance and reduce risk.
The network security policy management (npsm) software market report table of contents includes:
1. Executive Summary
2. Network Security Policy Management (NPSM) Software Market Characteristics
3. Network Security Policy Management (NPSM) Software Market Trends And Strategies
4. Network Security Policy Management (NPSM) Software Market – Macro Economic Scenario
5. Global Network Security Policy Management (NPSM) Software Market Size and Growth
………………..
32. Global Network Security Policy Management (NPSM) Software Market Competitive Benchmarking
33. Global Network Security Policy Management (NPSM) Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Network Security Policy Management (NPSM) Software Market
35. Network Security Policy Management (NPSM) Software Market Future Outlook and Potential Analysis
36. Appendix
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