The widening application of security policy management solutions has led to their incorporation in businesses of different scales. Thus, the enterprise size segment of the security policy management market is bifurcated into large enterprise and small and medium enterprise (SME). Of these, the large enterprise bifurcation is projected to hold the larger market share during the forecast period. This would be due to the widespread deployment of these solutions in large enterprises to automate security policy changes, protect themselves from cyber-attacks, and manage their complex network operations in a better way.

Currently, North America is witnessing the widest adoption of security policy management solutions, especially in the healthcare and BFSI industries, due to the escalating number of cyber-attacks, rapid adoption of cloud services, rising focus on the hybrid network model, and growing deployment of effective risk management solutions. Moreover, the widespread adoption of next-generation technologies, such as deep learning and machine learning, in healthcare facilities for advanced patient care will fuel the demand for security policy management solutions in the region.

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According to P&S Intelligence, the Asia-Pacific (APAC) security policy management market will register the fastest growth during the forecast period. This can be attributed to the improving IT infrastructure, increasing application of cloud-based solutions, and growing awareness regarding cyber-attacks in the region. These solutions have a huge potential in Indonesia, India, Australia, and China, which is why market players are introducing advanced cybersecurity solutions in these countries to help companies deal with cyber-attacks and security breaches.

Thus, the increasing concerns regarding cybersecurity are leading to the development of advanced security policy management solutions by FireMon LLC, AlgoSec Inc., Tufin Software Technologies Ltd., and International Business Machines Corporation. For instance, Tufin Software Technologies Ltd., in November 2018, launched Iris, which is a cloud-based security solution that enables organizations to identify cloud security risks, while ensuring regulatory compliance. It also allows enterprises to manage their security policies and improve network visibility across their cloud-based applications.

Therefore, with the constant advancements in technology and rapid rise in the number of cyber-attacks, the need for these security solutions will soar in the foreseeable future.