According to Future Market Insights report on policy orchestration market is expected to grow with a CAGR of 5.1% during the forecast period 2022 to 2032.
According to this report, the policy orchestration market is set to reach a valuation of US$ 917.9 million by the end of 2032, and for 2022, the estimated value is US$ 556.4 million. Policy orchestration of practises and principles that integrate and function in development.
Cloud services, datacenter centralization, virtualization technologies, and network automation are some of the numerous technologies that are being deployed by enterprises. To ensure the entire infrastructure is on the same page regarding security policy implementation, a policy orchestration solution is used.
Key Takeaways: Policy Orchestration Market
- By solution, the software segment held the largest market share for the year 2021 with a market share of 3% and services segment will exhibit the higher CAGR of 6.1% for the forecast period 2022-2032.
- By enterprise size, large enterprises dominated the segment with a market share of 6% and small and medium-sized enterprises will be estimated to have a higher CAGR of 4.7% for the forecast period.
- By industry, the Finance sector dominated the policy orchestration market for the year 2021 with a market share of 4% industry and the highest CAGR will be exhibited by the healthcare industry for the forecast period with a CAGR of 6.9% over the forecast period.
According to FMI Analyst, “Policy orchestration is a broad term that could refer to the numerous policies that are implemented by a company for its security purposes. The larger the enterprise, the larger would be the size of the deployment. However, factors that impact the policy orchestration market include the cyber-attacks that occur in the country and what the leading industries and sectors of that particular country are.”
Rising Demand for Wireless Systems Influence Service Policy Orchestration Market
A stronger demand for such solutions has been generated, particularly in North America, by the expanding usage of technologies utilising cloud solutions, network virtualization, and “bring your own device.” With these developments, especially the BYOD trend and working from home, companies need to ensure that their security policies are applied across every enterprise device, driving the demand for the policy orchestration market.
Competitive Landscape
Policy orchestration vendors are providing solutions and services based on the cloud and providing cloud security policy orchestration (CSPO) solutions. Most of the companies operating in this domain are in the IT and telecom sectors and also offer solutions like identity orchestration.
- In October 2022, Skybox security announced the release of its SaaS (Software as a Service) solution for the purpose of security policy and vulnerability management, as an additional feature for its security posture management platform.
- In May 2022, Strata a cloud solution vendor released an identity orchestration solution that could be deployed on numerous cloud platforms that could be deployed across the organisation consistently across the numerous applications.
More Valuable Insights on Policy Orchestration Market
In this report by Future Market Insights, policy orchestration market has been segmented into three sections: by solution: software (on-premises, and cloud-based), and services (professional services, and managed services)
enterprise size (large enterprises, and small and mid-sized enterprises), industry (finance, manufacturing and resources, distribution services, services, public sector, infrastructure) to help readers understand and evaluate lucrative opportunities in policy orchestration demand outlook.
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