Global Network Security Market – Industry Trends and Forecast to 2028

Market Analysis and Insights: Global Network Security Market

Surge in the adoption of efficient and effective network security solutions, growing incidences of cyber-crimes and cyber threats and rise in the number of small and medium scale enterprises especially in the developing economies are the major factors attributable to the growth of the network security market. Data Bridge Market Research analyses that the network security market will exhibit a CAGR of 12.0% for the forecast period of 2021-2028. Therefore, the network security market value, which was USD 14554.41 million in 2020, would stand tall by USD 3,6036.18 million by 2028.

Network security is a technology that is designed to protect the privacy and integrity of the data. Network security is a technological solution that provides protection against malware practices such as data thefts and crucial information leakage activities. These solutions prevent, detect and monitor unauthorized access and secure the data thereon. 

Rising focus on the technological advancements by a wide range of industry verticals and increased penetration of high speed internet will emerge as the major market growth driving factors. Surge in the adoption of the Bring Your Own Device (BYOD), cumbersome administration and recovery after threat detection, rising digitization of economies especially the developing ones and surge in the adoption of internet of things technology will further aggravate the growth of the market.

However, lack of skilled workforce and technological expertise in underdeveloped and developing economies will act as a growth restraint for the market. Low cyber security budget and high installation cost along with lack of a strong network infrastructure in developing countries will yet again hamper the market growth rate. Design and implementation difficulties to deploy cyber security solutions will hamper the market growth rate.

This network security market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on network security market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Network Security Market Scope and Market Size

The network security market is segmented on the basis of component, deployment type, organization size and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

• On the basis of component, the network security market is segmented into software and services. Solutions segment is sub-segmented into firewall, antivirus/antimalware, network access control (NAC), data loss prevention, IDS/IPS, secure web gateways, DDoS mitigation, unified threat management, vulnerability scanning, sandboxing and others. Others segment is further bifurcated into compliance management, uniform resource locator [URL] filtering, network and software auditing. Services segment is sub-segmented into professional services and managed services. Professional services segment is sub-segmented into design and implementation, consulting, training and education and support and maintenance.
• On the basis of deployment mode, the network security market is segmented into on- premises and cloud.
• On the basis of organization size, the network security market is segmented into small and medium-sized enterprises (SMEs) and large enterprises.
• On the basis of vertical, the network security market is segmented into aerospace and defense, government, banking, financial services, and insurance (BFSI), information technology (IT) and telecommunication, healthcare, retail, manufacturing, energy and utilities and others. Others segment is sub-segmented into ISP hosting, media and entertainment [including gaming], and transport and logistics.

Network Security Market Country Level Analysis

The network security market is analysed and market size, volume information is provided by country, component, deployment type, organization size and vertical as referenced above.

The countries covered in the network security market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the network security market and will continue to flourish its trend of dominance during the forecast period owing to the presence of several vendors that provide Distributed Denial of Service (DDoS) protection. Asia-Pacific will continue to undergo substantial gains during this period and register the highest CAGR. This is because of the improving regulatory reforms and economic stability.

The country section of the network security market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Network Security Market Share Analysis

The network security market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to network security market.

The major players covered in the network security report are IBM, Check Point Software Technologies Ltd., Cisco Systems, Inc., FireEye, Inc., Fortinet, Inc., Qualys, Inc., Broadcom., Dell Inc., Hewlett Packard Enterprise Development LP, FUJITSU, McAfee, LLC, Micro Focus, Proofpoint, Inc., Tripwire, Inc., Symantec Corporation., Skybox Security, Inc., AT&T Intellectual Property., ALIENVAULT, INC., VERACODE, Tenable, Inc., Rapid7, NetSPI LLC., Trustwave Holdings, Inc., Intel Corporation and F-secure among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

SKU-66530