2024 Global Network Security Policy Management (NPSM) Software Market Report: Key Drivers, Size, and Leading Segments
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What is the Expected Growth Rate of the Network Security Policy Management (NPSM) Software Market from 2024 to 2033?
The network security policy management (NPSM) software market has grown rapidly in recent years. It is expected to increase from $1.45 billion in 2023 to $1.69 billion in 2024, at a CAGR of 16.3%. This growth is attributed to increasing cyber threats, stringent regulatory compliance, the growing complexity of network infrastructures, rising volumes of sensitive data, and the adoption of cloud computing.
The network security policy management (NPSM) software market is expected to see rapid growth, reaching $3.06 billion by 2028 at a CAGR of 16.1%. This growth is attributed to the integration of AI and machine learning, AI and automation, zero trust architecture adoption, challenges posed by remote work, and regulatory changes. Key trends include a focus on user-centric policies, technological advancements, integration with the security ecosystem, threat intelligence integration, and automation and orchestration.
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What Key Factors Are Fueling the Growth of the Network Security Policy Management (NPSM) Software Market?
Growing cyber threats are anticipated to propel the network security policy management (NPSM) software market forward. Cyber threats, which compromise data integrity through various malicious activities, are addressed by NPSM software through implementing protective network policies. The Australian Cyber Security Centre, an Australia-based agency, reported a 13% rise in cybercrime incidents in 2022, reaching 76,000 cases. This trend underlines the rising need for network security policy management software.
What Are the Major Segments of the Network Security Policy Management (NPSM) Software Market?
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 Defense, Information Technology(IT) And Telecom, Retail And E-commerce, Energy And Utilities, Other Industries
What New Trends Are Transforming the Network Security Policy Management (NPSM) Software Market?
Companies in the network security policy management (NPSM) software market are developing AI-powered platforms to gain a competitive edge. These platforms address security challenges such as policy complexity, inconsistency, and drift. For example, in September 2023, Discern Security launched an AI-powered security policy management platform designed to help businesses manage and maintain compliance while reducing risks through artificial intelligence analysis.
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Which Regions Are Driving Growth in the Network Security Policy Management (NPSM) Software Market?
North America was the largest region in the network security policy management (NPSM) software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network security policy management (npsm) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Network Security Policy Management (NPSM) Software Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the network security policy management (npsm) software market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Network Security Policy Management (NPSM) Software Market Include
1. Network Security Policy Management (NPSM) Software Market Executive Summary
2. Network Security Policy Management (NPSM) Software Market Segments
3. Network Security Policy Management (NPSM) Software Market Size And Template Market Growth Rate
4. Key Network Security Policy Management (NPSM) Software Market Trends
5. Major Network Security Policy Management (NPSM) Software Market Drivers
……
25. Key Mergers And Acquisitions In The Network Security Policy Management (NPSM) Software Market
26. Top Network Security Policy Management (NPSM) Software Companies
27. Network Security Policy Management (NPSM) Software Market Opportunities And Strategies
28. Network Security Policy Management (NPSM) Software Market, Conclusions And Recommendations
29. Appendix
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