Network Security Market was valued at US$ 31.10 Bn. in 2022 and is expected to reach US$ 68.75 Bn. by 2029, at a CAGR of 12% during a forecast period.

Network Security Market Report Overview

A new report published by Global Market Intelligence firm, Maximize Market Research, indicates that the Network Security Market is expected to grow significantly in the coming years. The report identifies the key drivers of growth, as well as the major restraints and challenges that the market is facing. It also provides insights into the potential opportunities that exist in the market.

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Network Security Market Report Scope

The report provides current Network Security market trends and regional insights, including demand, supply, and sales, as well as recent changes in the market. It focuses on the key drivers and restraints for key players, as well as the current competitive landscape. The report also provides the latest data on market statistics, future developments, size, and emerging trends, which can help you identify the products and end users that are driving revenue growth and profitability. It also includes company profiles, product specifications, production capacity/sales, revenue, price, gross margin, and sales by product.

Network Security Market Regional Analysis

The Network Security market report provides a comprehensive overview of the market, including its geographic condition, market size and share, business network structure, opportunities, and news updates.

Network Security Market Segmentation

The large enterprise sector held the largest share of xx% in 2022 based on the size of the organization. An effort to gain illegal access to a business's network with the intention of stealing data or carrying out other harmful actions is known as a network attack. In 2021, more than 350,000 new viruses were created, and most organizations are finding it difficult to stay on top of the growing array of threats that might infect their email. Ransomware, malware, and phishing are the tools that cybercriminals use to steal sensitive data. Cybercriminals that want to make money off of personal information also target SMEs. SMEs consequently sustain large financial losses. In order to avoid data loss and information theft, the majority of firms are moving to network security solutions, which is expected to grow the market internationally.

In terms of end-user, the BFSI category had the biggest market share in 2022—xxx%. Most banking and financial businesses have gone digital, as have their back-end operations. Since technology is advancing, criminals are continually searching for targets to launch dangerous cyberattacks, phishing scams, malware, and bots targeting sensitive data found in banking and financial institutions. A Deloitte India analysis indicates that the banking sector is the most frequently targeted, with about 22% of cyber security incidents in India in 2021–2022 occurring in this sector. The preferred targets of scammers are several online and mobile banking services. Additionally, by gathering customer and employee information, cybercriminals were able to get past the bank's security measures and use the dark web to steal money and bank information.

1. Network Security Market, by Type (2022-2029)
• Firewalls
• Antivirus/Anti malware software
• VPN
• Data loss prevention
• Wireless security
• Intrusion prevention systems
• Vulnerability scanning
• Others
2. Network Security Market, by Organization Size (2022-2029)
• SMEs
• Large enterprises
3. Network Security Market, by Deployment (2022-2029)
• Cloud
• On-premise
Network Security Market, by End-user (2022-2029)
• BFSI
• IT & Telecom
• Retail
• Transportation & Logistics
• Government & Defense
• Manufacturing
• Energy & Utilities
• Healthcare
• Others

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Network Security Market Key Players

1. Cisco
2. SolarWinds
3. IBM
4. Trend Micro
5. FireMon
6. Symantec
7. FireEye
8. GFI Software
9. Avast Software
10. WatchGuard
11. Bitdefender
12. Webroot
13. AT&T
14. Qualys
15. Juniper Networks
16. Hewlett Packard Enterprise Co.
17. Honeywell International Inc.
18. NortonLifeLock Inc.
19. Siemens
20. CyberGuard
21. NetScreen
22. Lucent
23. McAfee
24. Forttinet Inc.
25. Kaspersky

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Key Questions answered in the Network Security Market Report are:

 

  • What is Network Security?
  • What is the forecast period of the Network Security Market?
  • What is the expected Network Security market size by the end of the forecast period?
  • What will be the CAGR of the Network Security market during the forecast period?
  • Who are the key players in the Network Security industry?
  • Which region held the largest market share in the Network Security Market?
  • What are the opportunities for the Network Security Market?
  • What are the factors restraining the Network Security market growth?

 

Key Offerings:

  • Past Market Size and Competitive Landscape (2017 to 2021)
  • Past Pricing and price curve by region (2017 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis of segments and their sub-segments
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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