New York, (USA):- The global network security market size was US$27.1 billion in 2021. The global network security market is expected to reach US$86.1 billion in 2021. 2030 by registering a compound annual growth rate (CAGR) of 13.1% during the forecast period of 2022 to 2030.
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Factors influencing the market
The creation and implementation of Network Access Control (NAC) is gaining popularity around the world. Its capabilities, including incident response, policy lifecycle management, network guest access and security posture access, are expected to benefit the global network security market.
The global network security market is expected to gain traction, owing to stringent government rules and regulations that are benefiting the global network security market.
The growing adoption of SaaS and cloud-based security technologies will propel the global network security market forward.
The combination of advanced deep learning and machine learning capabilities will provide ample growth opportunities for the global network security market.
The growing demand for integrated security systems will benefit the global network security market.
High costs and budget restraints may limit market growth.
COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the network security market has experienced significant economic turbulence. However, digital technologies play a vital role in all industries. Furthermore, the growing demand for modernization of remote working technologies is expected to accelerate the growth of the market.
Due to the shutdowns, several companies need workers to work from home using the company network. Excessive internet usage during the coronavirus pandemic has increased the demand for network security.
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North America is expected to hold the largest share of the global network security market. Moreover, Europe and Asia-Pacific are expected to hold the second and third highest share, due to the increasing cases of data breaches. Network security software solutions are adopted by companies in North America to detect and prevent threats.
- Cisco Systems Incorporated
- SolarWinds Incorporated
- IBM Corporation
- Trend Micro Incorporated
- FireMon LLC
- Symantec Company
- Incorporated FireEye
- GFI software
- Avast Software
- Embedded Webroot
- Juniper Networks Incorporated
- McAfee LLC
- Motorola Solutions Incorporated
- Other top players
On the basis of component, the global network security market has been segmented into –
- Firewall security
- Virus/malware protection
- Network Access Control (NAC)
- Data Loss Prevention
- Data encryption
- URL and content filtering
- Secure Web Gateways
- DDoS Mitigation
- Unified Threat Management
- web application management
- Advanced Threat Detection
- Vulnerability analysis and management
- Others (Compliance Management, Uniform Resource Locator [URL] Filtering, network and software audit)
- Design and implementation
- Training and education
- Support and maintenance
- Managed Services
Based on deployment model, the network security market has been segmented into-
Based on organization size, the network security market has been segmented into–
- Small and medium-sized enterprises (SMEs)
- Large companies
Based on end-user industry, the network security market has been segmented into –
- Aeronautics and Defense
- Banking, Financial Services and Insurance (BFSI)
- Information Technology (IT) and Telecommunications
- Health care
- Energy and Utilities
- Others (ISP Hosting, Media and Entertainment, and Transport and Logistics)
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On the basis of region, the network security market has been segmented into –
- North America
- United States
- Western Europe
- Great Britain
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand
- Rest of Asia-Pacific
- Middle East and Africa (MEA)
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Rest of South America
What is the purpose of the report?
1.The market report presents the estimated market size at the end of the forecast period. The report also examines historical and current market sizes.
2.During the forecast period, the report analyzes the growth rate, market size and market valuation.
The report outlines current industry trends and future potential for North America, Asia-Pacific, Europe, Latin America, Middle East and Africa markets.
3.The report provides a comprehensive view of the market based on geographic scope, market segmentation, and financial performance of key players.
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