Network Security Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027 Segmented By Enterprise Size (Large Enterprise, SMEs), By Deployment (On-premises, Cloud), By Type (Firewalls, Antivirus & Anti-malware, Intrusion prevention system, VPN, Wireless Security, Others (Email Security, Data Loss Prevention)), By Industry (BFSI, IT & Telecom, Retail, Healthcar
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationNetwork Security Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027 Segmented By Enterprise Size (Large Enterprise, SMEs), By Deployment (On-premises, Cloud), By Type (Firewalls, Antivirus & Anti-malware, Intrusion prevention system, VPN, Wireless Security, Others (Email Security, Data Loss Prevention)), By Industry (BFSI, IT & Telecom, Retail, Healthcar
Global Network Security Market was valued at USD29.06 billion in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 12.23% due to a shift toward cloud-based services and data concerns, leading to a rise in the global network security market
Network security is a set of technologies that protect the usability and integrity of a company's infrastructure by preventing intrusion or proliferation of potential threats and viruses within a network.
Emerging Trend of Bring Your Own Device (BYOD) Driving Market Growth
Organizations and corporations can boost productivity, creativity, cost savings, mobility, and employee satisfaction by embracing Bring Your Own Device (BYOD). Therefore, employees are encouraged to use their personal devices, such as cell phones and tablets, within the workplace, as part of IT policy. This phenomenon allows employees to gain access to confidential company information and applications, necessitating accurate and real-time data synchronization, driving the necessity and demand for mobile middleware deployment in mobile applications. However, there has been a rise in the possibility of cyber criminals stealing mobile devices to access the intellectual property. Various security solutions, including firewalls and VPNs, are deployed to reduce network security threats, and staff is required to complete mandatory security training. The primary purpose of employee education is to convey to them that security concerns are destructive to the firm and that by adhering to the policy, they may improve their own safety while also assisting in the prevention of prospective data breaches that could endanger the organization. Furthermore, BYOD is driving up network security needs, which is expected to increase in the future.
Blending of Internet of Things (IoT) with Network Security
Any connected IoT device that lacks stringent security can be compromised and can be operated by an unauthorized person to collect user data. IoT security is defined as a defensive strategy and a defense mechanism that directly protects IoT devices linked to the network from network threats and is purposefully created as a predefined set of operations. Therefore, the security and operational teams must integrate IoT security into a frequent practice and process to ensure that these unmanaged devices have the same level of visibility and control as those managed
Concerns for Data Integrity
Data integrity refers to the accuracy and consistency of data over its lifespan. Since compromised or altered data is of no use to the company and loss of sensitive data can pose a threat to the organization, network security becomes a necessity while working in a digitally connected environment. Implementation of network security can prevent unauthorized access and malicious code that may breach information.
Growing Investments in Cyber Security aids in Market Growth
Business leaders are making online security a strategic goal in response to changing vulnerabilities and threats and the growing need to build trust to gain competitiveness. There is now a greater understanding that online security should not be the latest thought driven by compliance but should be an integral part of corporate organization and processes if a business is to survive and remain competitive. Therefore, a massive investment in cybersecurity has been recorded in the past decade, and this investment is likely to increase in the coming future.
Market Segmentation
The United States Network Security Market stood at USD6.80 billion in the year 2021 and is projected to grow at a CAGR of 11.75% during the forecast period
Company Profiles
Palo Alto Networks Inc., Cisco Systems Inc., NortonLifeLock Inc., AT&T, Check Point Software Technologies Ltd., McAfee LLC, IBM Corporation, FireEye, Trend Micro Inc, CrowdStrike Holdings Inc are the major market players in the global network security market.
| Attribute | Details |
| Market size value in 2021 | USD29.06 Billion |
| Revenue Forecast in 2027 | USD58.44 Billion |
| United States Market size value in 2021 | USD6.80 billion |
| Growth Rate | 12.23% |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Billion, and CAGR for 2017-2021 and 2022E-2027F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Enterprise Size · Deployment · By Type · End User · Region |
| Regional Scope | · North America, Europe, Asia-Pacific, South American and Middle East & African |
| Country Scope | USA; Canada; Mexico; Germany; UK; France; Italy; Spain; Russia; China; Japan; India; South Korea; Australia; Singapore; Brazil; Saudi Arabia; South Africa; UAE; Argentina; Columbia; Israel. |
| Key Companies Profiled | |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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