Uploaded on Sep 10, 2024
Rise in level of cybercrimes, higher economic losses, and increase in data safety and privacy concerns drive the growth of the global network security market. However, high setup costs hinder the market growth. On the contrary, increase cyber-attacks during the Covid-19 pandemic and growth in digitalization trends across the globe are expected to open lucrative opportunities for the market players in the future.
Network Security Market Segmentation and Competitive Landscape Analysis
Network Security
Market Overview
The global network security market size was valued at $18,480 million in
2019, and is projected to reach $63,398 million by 2027, registering a CAGR of
16.7% from 2020 to 2027.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 Research 𝐑𝐞𝐩𝐨𝐫𝐭
Network security refers to the practices and policies put in place to protect the
integrity, confidentiality, and availability of computer networks and the data
transmitted across them. It involves a combination of hardware, software, and
processes designed to guard against unauthorized access, misuse,
malfunction, destruction, or disruption. The Network Security Market is
experiencing significant growth due to the increasing need for organizations to
protect their systems, data, and networks from ever-evolving cyber threats.
Key drivers of this growth include the rising adoption of cloud computing, the
expansion of IoT devices, and the growing frequency of sophisticated
cyberattacks such as ransomware, malware, and phishing attacks.
Impact of Covid-19 on Network Security Market
• Due to strict regulations of lockdown, the majority of
companies adopted work from home culture, which has
increased the risk of cyber threats and cybercrime. This
increased the demand for network security.
• During the pandemic, more and more companies have been
investing in cybersecurity and network security to offer
remote workforce support.
• The demand for network security from the healthcare sector
increased due to Covid-19 pandemic as the network traffic
from hospitals increased exponentially.
Network Security Market
Segments
By Solution By Industry Vertical
• Firewall • Aerospace and
Defense
• Antivirus/Antimalware • Government
• Network Access Control • BFSI
• Data Loss Prevention • IT and Telecom
• IDS/IPS • Healthcare
• Retail
• Secure Web Gateways • Manufacturing
• DDoS Mitigation • Energy and Utilities
• Unified Threat Management • Others
Network Security Market
Segments
By By Service
Component
• Professional
• Solution Services
• Services • Managed Services
By Deployment By Organization Size
• •On-premise Large Enterprises
• •Cloud SMEs
Network Security Market Regional Analysis
• North America (U.S., Canada, Mexico)
• Europe (France, Germany, Italy, Spain, UK, Russia, Rest of
Europe)
• Asia-Pacific (China, Japan, India, South Korea, Australia,
Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
• LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina,
Rest of LAMEA)
Key Players
Cisco Systems
Solarwinds
IBM
Trend Micro
FireMon
Symantec
FireEye
GFI Software
Avast Software
Juniper Networks
Contact Us
David Correa
1209 Orange Street
Corporation Trust Center
Wilmington
New Castle
Delaware 19801
USA Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
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