Global Network Security Market was valued at US$ 25,000.50 Mn in 2020, estimated to reach US$ 60,345.15 Mn in 2027, with a CAGR o 11.57% from 2021-2027.
Network security covers a multitude of technologies, devices and processes. In the simplest term, it is a set of rules & configurations designed to protect the integrity, confidentiality & accessibility of computer networks and data using both software as well as hardware technologies. Every organization, regardless of size, industry/infrastructure, requires a degree of network security solutions in place to protect it from the ever-growing landscape of cyber threats in the wild today.
Cybercriminals are seeing the COVID- 19 pandemic as an excuse to increase their immoral behavior by leveraging the weakness of remote workers & trying to capitalize on public interest in coronavirus. These factors are encouraging organizations to further increase their security spending & improve their network security infrastructure to adapt to remote working environments. This promises a stable growth opportunity for the global network security market.
The tremendously rising use of mobile devices & the rising demand for integrated security solutions are some of the important factors that are anticipated to fuel the growth of the global network security market over the forecast period. In addition, a significant rise in the regulatory compliance requirements is likely to drive the growth of the overall market in near future.
The growing popularity of Software as a Service-based network security solutions is considered as a major factor which expected to accelerate the growth of global network security market throughout the forecast period.
The absence of efficient security solutions & complexity of network infrastructure are estimated to hamper the growth of the global network security market. Further, threats arising from open-source network security solutions & technical defects are some of the other factors expected to limit the growth of global network security market.
The Global Network Security Market is segmented into organization size such as SMEs, Large enterprises, by type such as Firewalls, Antivirus/Anti Malware Software, VPN, Data Loss Prevention, Wireless Security, Intrusion Prevention Systems, Vulnerability Scanning, and Others, By deployment such as Cloud, and On Premise. Further, market is segmented into end users such as BFSI, IT & Telecom, Retail, Transportation, & Logistics, Healthcare, Government & Defense, Manufacturing, Energy & Utilities Others.
Global Network Security Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The market in North America is projected to dominate the Network Security market owing to the adoption of software is highest in the U.S. Top industries, such as BFSI, healthcare, and retail, are highly implementing the software to maintain its data privacy.
Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2027 owing to the government is also encouraging the public to adopt digitalization in their daily lives.
Arctic Wolf, Bitdefender, Check Point, Crowd Strike, Cybereason, ESET, Fortinet, Kaspersky, Palo Alto Networks, SentinelOne, Sophos, Trend Micro, WatchGuard, etc.
Network security covers a multitude of technologies, devices and processes. In the simplest term, it is a set of rules & configurations designed to protect the integrity, confidentiality & accessibility of computer networks and data using both software as well as hardware technologies. Every organization, regardless of size, industry/infrastructure, requires a degree of network security solutions in place to protect it from the ever-growing landscape of cyber threats in the wild today.
Cybercriminals are seeing the COVID- 19 pandemic as an excuse to increase their immoral behavior by leveraging the weakness of remote workers & trying to capitalize on public interest in coronavirus. These factors are encouraging organizations to further increase their security spending & improve their network security infrastructure to adapt to remote working environments. This promises a stable growth opportunity for the global network security market.
Market Drivers
The tremendously rising use of mobile devices & the rising demand for integrated security solutions are some of the important factors that are anticipated to fuel the growth of the global network security market over the forecast period. In addition, a significant rise in the regulatory compliance requirements is likely to drive the growth of the overall market in near future.
The growing popularity of Software as a Service-based network security solutions is considered as a major factor which expected to accelerate the growth of global network security market throughout the forecast period.
Market Restraints
The absence of efficient security solutions & complexity of network infrastructure are estimated to hamper the growth of the global network security market. Further, threats arising from open-source network security solutions & technical defects are some of the other factors expected to limit the growth of global network security market.
Market Segmentation
The Global Network Security Market is segmented into organization size such as SMEs, Large enterprises, by type such as Firewalls, Antivirus/Anti Malware Software, VPN, Data Loss Prevention, Wireless Security, Intrusion Prevention Systems, Vulnerability Scanning, and Others, By deployment such as Cloud, and On Premise. Further, market is segmented into end users such as BFSI, IT & Telecom, Retail, Transportation, & Logistics, Healthcare, Government & Defense, Manufacturing, Energy & Utilities Others.
Regional Analysis
Global Network Security Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The market in North America is projected to dominate the Network Security market owing to the adoption of software is highest in the U.S. Top industries, such as BFSI, healthcare, and retail, are highly implementing the software to maintain its data privacy.
Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2027 owing to the government is also encouraging the public to adopt digitalization in their daily lives.
Key Players
Arctic Wolf, Bitdefender, Check Point, Crowd Strike, Cybereason, ESET, Fortinet, Kaspersky, Palo Alto Networks, SentinelOne, Sophos, Trend Micro, WatchGuard, etc.
Market Taxonomy
By Organization Size
- SME’s
- Large Enterprises
By Type
- Firewalls
- Antivirus/Anti Malware Software
- VPN
- Data Loss Prevention
- Wireless Security
- Intrusion Prevention Systems
- Vulnerability Scanning
- Others
By Deployment
- Cloud
- On-Premise
By End User
- BFSI
- IT & Telecom
- Retail
- Transportation & Logistics
- Healthcare
- Government & Defense
- Manufacturing
- Energy & Utilities
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Network Security Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Frequently Asked Questions about the Global Network Security Market
What is the estimated value of the Global Network Security Market?
What is the growth rate of the Global Network Security Market?
What is the forecasted size of the Global Network Security Market?
Who are the key companies in the Global Network Security Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 155 |
| Published | February 2022 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 25000.5 Mn |
| Forecasted Market Value ( USD | $ 60345.15 Mn |
| Compound Annual Growth Rate | 11.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Network Security Market Outlook
5 Global Network Security Market, By Organization Size
6 Global Network Security Market, By Type
7 Global Network Security Market, By Deployment
8 Global Network Security Market, By End User
9 Global Network Security Market, By Region
10 North America Network Security Analysis and Forecast (2021 - 2027)
11 Europe Network Security Market Analysis and Forecast (2021 - 2027)
12 Asia Pacific Network Security Market Analysis and Forecast (2021 - 2027)
13 Latin America Network Security Market Analysis and Forecast (2021 - 2027)
14 Middle East Network Security Market Analysis and Forecast (2021 - 2027)
15 Competitive Analysis
16 Company Profiles
Companies Mentioned
- Arctic Wolf
- Bitdefender
- Check Point
- Crowd Strike
- Cybereason
- ESET
- Fortinet
- Kaspersky
- Palo Alto Networks
- SentinelOne
- Sophos
- Trend Micro
- WatchGuard
