Network Security Market: was valued at US$ 31.10 Bn. in 2022 and is expected to reach US$ 68.75 Bn. by 2029, at a CAGR of 12% during a forecast period.
Network Security Market Overview:
Maximize Market Research’s new report, Global Network Security Market 2022-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2022-2029). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Network Security market.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Network Security market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide Network Security market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Segmentation:
Network Security Market, by Type (2022-2029)
• Firewalls
• Antivirus/Anti malware software
• VPN
• Data loss prevention
• Wireless security
• Intrusion prevention systems
• Vulnerability scanning
• Others
Network Security Market, by Organization Size (2022-2029)
• SMEs
• Large enterprises
In 2022, the large enterprise segment had the most share—%—based on Organisation size. An effort 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.
Network Security Market, by Deployment (2022-2029)
• Cloud
• On-premise
Network Security Market, by End-user (2022-2029)
• BFSI
• IT & Telecom
• Retail
• Transportation & Logistics
• Government & Defense
• Manufacturing
• Energy & Utilities
• Healthcare
• Others
In 2022, the BFSI segment had the highest market share of % 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. Additionally, 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.
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Key Players:
It then discusses the top competitors in the worldwide Network Security market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
1. Cisco
2. SolarWinds
3. IBM
4. Trend Micro
5. FireMon
6. Symantec
7. FireEye
8. GFI Software
9. Avast Software
10. WatchGuard
11. Bitdefender
12. Webroot
13. AT&T
14. Qualys
15. Juniper Networks
16. Hewlett Packard Enterprise Co.
17. Honeywell International Inc.
18. NortonLifeLock Inc.
19. Siemens
20. CyberGuard
21. NetScreen
22. Lucent
23. McAfee
24. Forttinet Inc.
25. Kaspersky
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Regional Analysis:
The report has analyzed the global Network Security market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Network Security market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Network Security Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Network Security Market Report are:
- Which are the major companies in the Network Security market?
- Which is the potential market for Network Security in terms of the region?
- Which application area of Network Security is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Network Security market size by 2027?
- What are the growth prospects for the Network Security market?
- What is the base year considered in the Network Security market report?
- Which region holds the largest market share in the Network Security market?
- What factors are anticipated to drive the Network Security market?
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