Increasing requirement for data protection owing to rising incidence of cyber terrorism is a key factor driving market revenue growth.
Market Size - USD 184.59 Billion in 2020, Market Growth - CAGR of 10.2%, Market Trends - Increasing investments in deployment of network security by large and small enterprises to manage risks related to network infrastructure.
The global network security market size is expected to reach USD 400.02 Billion in 2028, and register a CAGR of 10.2% during the forecast period. Increasing data volumes from personal, commercial, and government sectors that is stored across the networking infrastructure across the globe, coupled with need for advanced network security to detect and prevent malfunction or unauthorized access to crucial information are some of the major factors expected to drive revenue growth of the global network security market
Network security is a term that covers a broad spectrum of services, such as a multitude of processes, devices, and technologies. Essentially it is a set of configurations and commands designed to protect and maintain the integrity, confidentiality, and accessibility of the networks and data through the incorporation of stringent software and hardware services.
Market Size - USD 184.59 Billion in 2020, Market Growth - CAGR of 10.2%, Market Trends - Increasing investments in deployment of network security by large and small enterprises to manage risks related to network infrastructure.
The global network security market size is expected to reach USD 400.02 Billion in 2028, and register a CAGR of 10.2% during the forecast period. Increasing data volumes from personal, commercial, and government sectors that is stored across the networking infrastructure across the globe, coupled with need for advanced network security to detect and prevent malfunction or unauthorized access to crucial information are some of the major factors expected to drive revenue growth of the global network security market
Network security is a term that covers a broad spectrum of services, such as a multitude of processes, devices, and technologies. Essentially it is a set of configurations and commands designed to protect and maintain the integrity, confidentiality, and accessibility of the networks and data through the incorporation of stringent software and hardware services.
Some Key Findings From the Report:
- Among the industry vertical segments, the government and utilities segment accounted for the largest revenue share of 33.5% in the global network security market in 2020,
- The Asia Pacific network security market size was USD 54.54 Billion in 2020, due to increasing number of IT-based organizations and rising need for network security to protect data generated by the companies.
- Key players profiled in the report include Aruba Networks, Symantec Corp., McAfee, Juniper Solutions, Ruckus, Honeywell, Fortinet, Motorola Solutions, Cisco Systems Inc., Sophos Ltd., Brocade Communications Systems Inc., Aerohive, and ADT Security Services. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global network security market is segmented on the basis of product, service, deployment type, industry vertical, and region:
Product Outlook
- Intrusion Prevention System (IPS)
- Application Control
- URL Filtering
- Anti-Bot
- Web Security
- Anti-Spam and Email Security
- Acceleration and Clustering
Service Outlook
- Managed Security Services
- Security Operation Services
- Consulting Services
Deployment Type Outlook
- On Premise
- Hosted
- Hybrid
Industry Vertical Outlook
- Manufacturing
- Retail
- Aerospace and Defense
- Healthcare
- Telecommunication and IT
- Government and Utilities
- Banking financial services and insurance (BFSI)
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Network Security Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Network Security Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Network Security Market Segmentation & Impact Analysis
Chapter 5. Network Security Market By Product Insights & Trends
Chapter 6. Network Security Market By Implementation-Type Insights & Trends
Chapter 7. Network Security Market By Services Insights & Trends
Chapter 8. Network Security Market By Industry Verticals Insights & Trends
Chapter 9. Network Security Market Regional Outlook
Chapter 10. Competitive Landscape
Chapter 11. Company Profiles
Companies Mentioned
- Aruba Networks
- Symantec Corp.
- McAfee
- Juniper Solutions
- Ruckus
- Honeywell
- Fortinet
- Motorola Solutions
- Cisco Systems Inc.
- Sophos Ltd.
- Brocade Communications Systems Inc.
- Aerohive
- ADT Security Services