Global Network Security Software Market (2021-2026) by Component, Deployment Mode, Organization, Vertical, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Network Security Software Market is estimated to be USD 14.78 Bn in 2021 and is expected to reach USD 28.45 Bn by 2026, growing at a CAGR of 13.99%.

Market Dynamics

Key factors are Increasing network security, and privacy issues will drive this market growth. Growing demand for network security packages in the government sector acts as a market driver. The rising range of SMEs also will increase the adoption of network security software. The speedy adoption of recent technology within the country and growing security specialization push the market forward - a surge in the adoption of cloud-based security technologies creating opportunities in the network security software market. The Network security software market Growth is based on integrating advanced deep learning and machine learning capabilities. Strict laws and norms also enhance the expansion of this market. Complexity related to the budget acts as a limiting issue for this market growth. High investment value conjointly hinders the development of this market.

Market Segmentation

• The Global Network Security Software Market is segmented further based on Component, Deployment Mode, Organization, Vertical, and Geography.
• By Component Type, the market is classified as Solutions and Services.
• By Deployment Mode Type, the market is classified as On-premises and Cloud.
• By Organization Type, the market is classified as Small & Medium-Sized Enterprises and Large Enterprise.
• By Vertical, the market is classified as Aerospace & Defense, Government, Banking, Financial Services, & Insurance, Healthcare, Retail, Manufacturing, Energy & Utilities, and Others.
• By Geography, America is projected to lead the market in the forecasted period.

Recent Developments

Cisco Launched Artificial Intelligence Network Analytics that will enable information technology teams to function at machine speed and scale through personalized network insights. Cisco has also unveiled innovation to effectively manage users and applications across the entire enterprise network from campus and wide area networks to data centers and the internet of things edge. - June 2019
IBM partnered with Juniper networks to manage Juniper network’s existing infrastructure while including data centers, help desks, and data and voice networks. According to this partnership, IBM would combine its services platform with Watson to manage junipers network infrastructure. - January 2019

Company Profiles

Some of the companies covered in this report are Cisco Systems, SolarWinds, IBM, Trend Micro, FireMon, Symantec, FireEye, GFI Software, Avast Software, WatchGuard, Bitdefender, Webroot, AT&T, Qualys, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Network Security Software Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includesin-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using a Competitive Quadrant, the analyst's proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market