Global Network Security Industry to 2027 – by Company Size, Deployment, Type, Industry and Region –

DUBLIN–(BUSINESS WIRE)–The report “Global Network Security Market by Company Size, By Deployment, By Type, By Industry, By Region, Competition Forecast & Opportunity, 2027” has been added to from offer.

The global network security market was valued at $29.06 billion in 2021 and is expected to witness robust growth during the forecast period with a CAGR of 12.23% owing to a shift towards services based on cloud and data issues, resulting in an increase 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 the intrusion or proliferation of potential threats and viruses within a network.

Companies cited

  • 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.

Emerging Bring Your Own Device (BYOD) Trend Drives Market Growth

Organizations and businesses can boost productivity, creativity, cost savings, mobility and employee satisfaction by adopting Bring Your Own Device (BYOD). Therefore, employees are encouraged to use their personal devices, such as mobile phones and tablets, in the workplace as part of the IT policy.

This phenomenon allows employees to access confidential company information and applications, which requires accurate and real-time synchronization of data, which drives the need and demand for the deployment of mobile middleware in mobile applications.

However, there has been an increase in the possibility of cybercriminals stealing mobile devices to gain access to intellectual property. Various security solutions, including firewalls and VPNs, are deployed to reduce network security threats, and staff must undergo mandatory security training.

The main purpose of educating employees is to make them understand that security issues are destructive to the business and that by adhering to the policy, they can improve their own security while helping to prevent potential breaches of security. data that could endanger the organization. Additionally, BYOD increases network security requirements, which are expected to increase in the future.

Blending Internet of Things (IoT) with Network Security

Any connected IoT device that lacks strict security can be compromised and can be used by an unauthorized person to collect user data. IoT security is defined as a defensive strategy and defense mechanism that directly protects network-bound IoT devices against network threats and is deliberately created as a predefined set of operations. Therefore, security and operations teams should make IoT security a frequent practice and process to ensure that these unmanaged devices have the same level of visibility and control as managed ones.

Data Integrity Concerns

Data integrity refers to the accuracy and consistency of data throughout its lifetime. Since compromised or altered data is of no use to the business and the loss of sensitive data can pose a threat to the organization, network security becomes a necessity when working in a digitally-enabled environment. connected. Implementing network security can prevent unauthorized access and malicious code that can breach information.

Growing investments in cybersecurity are contributing to the growth of the market

Business leaders are making online security a strategic objective in response to evolving vulnerabilities and threats and the growing need to build trust to gain competitiveness. It is now better understood that online security should not be the last thought driven by compliance, but should be an integral part of business organization and processes if a business is to survive and remain competitive. Therefore, a massive investment in cybersecurity has been recorded over the past decade, and this investment is likely to increase in the coming future.

Report Scope:

In this report, the global network security market has been segmented into the following categories, in addition to industry trends which have also been detailed below:

Network Security Market, By Company Size:

Network Security Market, By Deployment:

Network Security Market, By Type:

  • firewall

  • Antivirus and Antimalware

  • Intrusion prevention system

  • vpn

  • Wireless security

  • Others (email security, data loss prevention, etc.)

Network Security Market, By Industry:

  • BFSI

  • IT & Telecom

  • Detail

  • Health care

  • Government

  • Manufacturing

  • Others (Education, Logistics, Energy, etc.)

Global network security market, by region:

  • North America

  • United States

  • Canada

  • Mexico

  • Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Russia

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Singapore

  • Middle East and Africa

  • Israel

  • Saudi Arabia

  • South Africa

  • United Arab Emirates

  • South America

  • Brazil

  • Argentina

  • Colombia

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