Network Security Market Analysis by Trends, Size, Share, Growth Opportunities and Emerging Technologies to 2029

pranit savgave

Dec 14, 2022 • 4 min read

Network Security Market

Network Security Market Overview:

In 2020, the Network Security Market was estimated to be worth $24.8 billion USD. Network security benefits almost every industry that uses a digital network. It also communicates with software and hardware. The network's continuous expansion has resulted in an exponential increase in client base as well as risks to network vendors. The network security market is expanding due to increased demand for better and more intelligent protection. The network security industry deals with both active and passive threats to ensure the system's stability and security.

By taking advantage of remote workers' vulnerabilities and capitalising on the public's interest in coronavirus, cybercriminals are using the pandemic to expand their criminal activity. Businesses are increasing their security investments and enhancing their network security architecture to support remote working. This suggests that the market for network security on a global scale will likely continue to grow steadily.

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Network Security Market Scope and research methodology:

34 key economies are covered in the report from all five continent, however, that does not make the report general understanding about market but deep insight in each geographical and end user segment have made this report exclusive in the market.

Bottom up approach has been applied to collect the data, analyse, validate the same and come on conclusion for each country. Secondary and primary methods have been used to collect the data. Annual reports of each key players are referred as source however; data is purchased from different sources available in market in each country. Import-export data is purchased from each country’s tax department or relevant department. Primary respondents were selected on the need basis to validate the figures and analysis done through secondary research.

Network Security Segmentation:

In 2020, the large enterprise segment had the largest share according to Organization size. An attempt to gain unauthorised access to a company's network in order to steal data or carry out other destructive actions is known as a network attack. The majority of businesses are finding it difficult to keep up with the rising number of threats that can infect their email, as over 350,000 new viruses were created in 2018. Cybercriminals use ransomware, malware, and phishing to steal sensitive data or information. Hackers who want to profit from private data also target SME's. SMEs experience significant financial losses as a result. To stop data loss and information theft, the majority of businesses are implementing network security solutions, which is expected to expand the market globally.

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Network Security Key Players:

The Network Security Market is further divided into the following industry segments: IT & Telecommunications, Transportation & Logistics, Automotive, Real Estate & Construction, BFSI, Media & Entertainment, Retail, Other Industries, Energy, and Industrial.

The BFSI sector is the most important one and had the largest share in 2021. The demand for sophisticated data has increased across the board from hedge funds, mutual funds, private equity funds, pension funds, unit trusts, and life insurance companies. These businesses are actively pursuing alpha by making use of the data sources' secret psychic abilities. The retail industry segment is anticipated to expand rapidly between 2021 and 2029, with a CAGR of 60.6%. Among the industries with the fastest growth are energy, real estate, and construction, as well as logistics and transportation.

The major players covered in the Network Security market report are

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

Key Questions Answered in the Network Security Market Report are:

Which segment held the largest share in the Network Security market in 2021?
Competitive landscape by region
Who are the market leaders, market followers, and new entrants?
Strategies of market leaders in each segments with investment
SWOT analysis of each player
Region wise market structure and dynamics that impact the industry and companies
What was the competitive scenario of the Network Security market in 2021?
Which are the key factors responsible for the Network Security market growth?
Which region held the maximum share in the Network Security market in 2021?

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