The Network Security Market was valued at US$ 27.77 billion in 2021 and is anticipated to grow at a CAGR of 12% from 2021 to 2029, reaching US$ 68.77 billion.
Network Security Market Overview:
Maximize Market Research (MMR), investigates the Network Security Market, focusing on each sector while considering global and regional trends. In order to create a balanced market environment, the primary drivers as well as significant restraints have been thoroughly addressed. To provide readers with a complete picture of the Network Security market, the report is separated it into several areas, including Products, Applications, Retailers, and Regions. The report also includes long-term industry estimates for the global Network Security Market.
Request sample link@ https://www.maximizemarketresearch.com/request-sample/92514
Network Security Market Scope
The report is a detailed analysis of the Network Security Market by country, regional and global presence. Regional analysis of the Network Security market is conducted at local, regional, and global levels for a better understanding of the Network Security market penetration, competitive structure, and demand analysis. Data is collected through both primary and secondary research methods. Surveys and telephonic interviews with industry specialists, market leaders, entrepreneurs, and marketing professionals were included in the primary methods. Secondary data was collected from selected sources for maximum reliability of the inferences, which includes official databases of various organizations, industry journals, white papers, and annual reports.
Segmentation
The large enterprise segment, measured by Organization size, retained the highest proportion of xx% in 2021. An attempt to gain unauthorised access to a company’s network in order to steal data or carry out other damaging actions is known as a network attack. The majority of organisations are finding it difficult to keep up with the rising amount of dangers that might infect their email, as over 350,000 new viruses were created in 2021. Cybercriminals use ransomware, malware, and phishing to steal sensitive data or information. Hackers that want to profit from private data also target SME’s. SMEs experience considerable financial losses as a result. To stop data loss and information theft, the majority of firms are implementing network security solutions, which is expected to expand the market internationally.
In 2021, the BFSI segment had the highest market share of xx% when looking at end users. Most aspects of the banking and financial sectors, including their back-end operations, have gone digital. Criminals are aggressively looking for targets for malicious cyberattacks, phishing, malware, and bots in banking and financial institutions’ key and sensitive data as a result of technological advancements. The banking sector is the most targeted, with around 22% of cyber security attacks in India in 2021–2022, according to a survey by Deloitte India. The majority of online and mobile banking platforms are popular targets for scammers. Also, cybercriminals were successful in gathering information about clients and employees, utilising it to crack the bank’s security system and steal money and bank data.
In 2021, North America had the highest market share of xx%. Due to strategic investments by key players and mergers and acquisitions, the network security industry in North America is expanding. Consider the recent acquisition of Duo Security by Cisco Systems, Inc., which has given the company a strong market position in North America. Many companies, including Cisco, McAfee, and Kaspersky, have increased their R&D spending in order to develop cloud-based network security solutions due to the existence of significant players in the US as well as a robust product portfolio and client base.
Key Players
• Cisco
• SolarWinds
• IBM
• Trend Micro
• FireMon
• Symantec
• FireEye
• GFI Software
• Avast Software
• WatchGuard
• Bitdefender
• Webroot
• AT&T
• Qualys
• Juniper Networks
• Hewlett Packard Enterprise Co.
• Honeywell International Inc.
• NortonLifeLock Inc.
• Siemens
• CyberGuard
• NetScreen
• Lucent
• McAfee
• Forttinet Inc.
• Kaspersky
Regional Analysis
The report provides the global Network Security Market’s growth pattern in detail. The report on the Network Security market demonstrates the most significant regions, which include 5 regions, such as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, have global influence. Consumption quantities, manufacturing sites and volumes, import-export analysis, price trend analysis, cost of raw materials, and value chain analysis are some of the major and important indicators used during the forecast of Network Securitymarket for each country.
Do You Have Any Questions About This Report? Please Contact Us On link@ https://www.maximizemarketresearch.com/market-report/global-network-security-market/92514/
Key Questions answered in the Network Security Market Report are:
- What is Network Security Market?
- What is the forecast period of the Network Security Market?
- What is the competitive scenario of the Network Security market?
- Which region held the largest market share in the Network Security Market?
- What are the opportunities for the Network Security Market?
- What are the restraining factors in the Network Security market?
- Who are the key players of the Network Security market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Network Security market
- Landscape- Leading key players and other prominent key players.
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 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.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
+91 96071 95908, +91 9607365656
