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:
The competitive landscape of the Network Security Market includes information about competitors. The contents include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses’ focus on the Network Security market.
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Network Security Market Scope:
This Network Security market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, segmented market growth, application niches, and dominance, product approvals, product launches, geographic expansion For more information on the Network Security market, please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.
Network Security Market Segmentation:
The large enterprise sector held the largest share of xx% in 2022 based on the size of the organization. An effort to gain illegal access to a business’s network with the intention of stealing data or carrying out other harmful actions is known as a network attack. In 2021, more than 350,000 new viruses were created, and most organizations are finding it difficult to stay on top of the growing array of threats that might infect their email. Ransomware, malware, and phishing are the tools that cybercriminals use to steal sensitive data. Cybercriminals that want to make money off of personal information also target SMEs. SMEs consequently sustain large financial losses. In order to avoid data loss and information theft, the majority of firms are moving to network security solutions, which is expected to grow the market internationally.
In terms of end-user, the BFSI category had the biggest market share in 2022—xxx%. Most banking and financial businesses have gone digital, as have their back-end operations. Since technology is advancing, criminals are continually searching for targets to launch dangerous cyberattacks, phishing scams, malware, and bots targeting sensitive data found in banking and financial institutions. A Deloitte India analysis indicates that the banking sector is the most frequently targeted, with about 22% of cyber security incidents in India in 2021–2022 occurring in this sector. The preferred targets of scammers are several online and mobile banking services. Additionally, by gathering customer and employee information, cybercriminals were able to get past the bank’s security measures and use the dark web to steal money and bank information.
1. Network Security Market, by Type (2022-2029)
• Firewalls
• Antivirus/Anti malware software
• VPN
• Data loss prevention
• Wireless security
• Intrusion prevention systems
• Vulnerability scanning
• Others
2. Network Security Market, by Organization Size (2022-2029)
• SMEs
• Large enterprises
3. 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
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Network Security Market Key Players: The following are the key players of the Network Security market-
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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Network Security Market Regional Analysis:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that effect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.
COVID-19 Impact Analysis on Network Security Market: The research also addresses the impact of COVID-19 on the Network Security market. The basic purpose of this study is to help the user understand the market in terms of definition, segmentation, market potential, noteworthy trends, and the issues that the industry is facing across key regions. The study provides micro and macroeconomic analysis of the total impact of COVID-19 on the Network Security Market. The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the worldwide Network Security Market in the next years.
Key Questions Answered in the Network Security Market Report are:
- What will be the CAGR of the Network Security market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Network Security market?
- Which are the prominent players in the Network Security market?
- What key trends are likely to emerge in the Network Security market in the forecast period?
- What will be the Network Security market size by 2027?
- Which company held the largest share in the Network Security market in 2020?
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