Network Security Market Overview
The MMR report for the Network Security market help with market forecast values of every economy as per the segment in the market. The report provides the market dynamics such as growth driving factors, growth restraining factors, opportunities for the new market entrants, and the various government rules and regulations regarding the product. The report also helps with data on decisions taken by the industry specialties during the forecast period.
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Network Security Market Scope
The size of the Network Security market in various divisions and areas is included in the report, including Market dynamics shifting from 2020 to 2029, the latest Trends in the market related to the product price, Recent market developments over the years, In-depth geographical analysis of the region, Strategies for development implemented by key players and Company profiling based on business models is included in the Network Security market report. PESTLE analysis is conducted to evaluate the market conditions.
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.
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 data on clients and employees, utilising it to breach the bank’s security system and steal money and bank data.
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
North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, the Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa are covered in the Network Security market report. The regional Network Security market size of the base and the forecast values for each and every segment is covered for all the economies. The report also includes the market hampering factors both positively as well as negatively in every region for the Network Security market.
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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.
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