Dublin, Oct. 20, 2022 (GLOBE NEWSWIRE) — The report “Global Network Security Market By Enterprise Size, By Deployment, By Type, By Industry, By Region, Competition Forecast & Opportunities, 2027” has been added to from ResearchAndMarkets.com 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.
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.
The global network security market is segmented on the basis of enterprise size, deployment, type, industry, region and company. On the basis of enterprise size, the market is segmented into large enterprises and SMEs. Based on deployment, the market is further fragmented into On-premise and Cloud. On the basis of type, the market is segmented into firewall, antivirus & anti-malware, intrusion prevention system, VPN, wireless security, and others.
Further, market segmentation on industry utilizing the service is done into BFSI, IT & Telecom, Retail, Healthcare, Government, Manufacturing, and Others. The market analysis also studies the split regional segmentation. The Asia-Pacific network security market was worth $5.66 billion in 2021 and is expected to grow at a CAGR of 13.65% during the forecast period.
The Asia-Pacific region includes some of the most infrastructurally sound and developing countries, such as China, Japan, India, South Korea, Australia, and Singapore. The US network security market was worth USD 6.80 billion in 2021 and is expected to grow at a CAGR of 11.75% during the forecast period.
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 players in the global network security market networks. .
Main topics covered:
1. Presentation of services
2. Research methodology
3. Executive Summary
4. Voice of the Customer
4.1. Brand awareness
4.2. Key Factors Influencing Network Security Investments
4.3. Type of subscription contract Chosen terms for network security
4.4. Client satisfaction
5. Global Network Security Market Outlook
5.1. Market size and forecast
5.1.1. By value
5.2. Market share and forecasts
5.2.1. By company size (large company, SME)
5.2.2. Per deployment (on-premises, cloud)
5.2.3. By Type (Firewall, Antivirus & Antimalware, Intrusion Prevention System, VPN, Wireless Security, Others)
5.2.4. By industry (BFSI, IT & Telecom, Retail, Healthcare, Government, Manufacturing, Others)
5.2.5. By region (North America, Europe, Asia-Pacific, Middle East and Africa, South America)
5.3. Market Map (Company Size, Deployment, Type, Industry, Region)
6. North America Network Security Market Outlook
7. Europe Global Network Security Market Outlook
8. Asia-Pacific Network Security Market Outlook
9. Middle East & Africa Network Security Market Outlook
10. South America Network Security Market Outlook
11. Market dynamics
12. Market trends and developments
13. Policy and regulatory landscape
14. Impact of COVID-19 on the Global Network Security Market
15. Business Profiles
15.1. Palo Alto Networks Inc
15.2. Cisco Systems Inc.
15.3. NortonLifeLock Inc.
15.5. Check Point Software Technologies Ltd.
15.6. McAfee LLC
15.7. IBM Corporation
15.9. Trend Micro Inc.
15.10. CrowdStrike Holdings Inc.
16. Strategic Recommendations
17. About the publisher and disclaimer
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