Network Security Market COVID-19 Impact Analysis, Demands and Industry Forecast Report 2029

pranit savgave

Dec 2, 2022 • 3 min read

Network Security Market

Network Security Market Overview:

The market for network security was worth $24.8 billion in 2020. Network security is advantageous in almost every industry where a digital network is involved. Additionally, it communicates with the hardware and software. The network's constant expansion has led to an exponential rise in the number of customers as well as risks for network vendors. Demand for better and more intelligent defence is driving the expansion of the network security market. The network security sector addresses both active and passive threats in order to guarantee the stability and security of the system.

The research looked at each nation on a micro level to estimate the overall size of the Network Security market by regions and market segments. Using a bottom-up approach, the size of the regional and global markets is determined. Both paid and free databases are used in the secondary research and analysis of the same. Each participant's supply and consumption data is gathered from official government databases, third-party databases, and, in the case of publicly traded companies, the annual reports of the business. If annual reports from companies are not made public, they may be obtained from the tax division of the regional government.

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Network Security Market Research methodology:

To estimate and validate the size of the global Network Security market, top-down and bottom-up approaches are used. Players closely adhere to various industry classification criteria in order to compile a comprehensive list of functional and relevant players. A rigorous validation test is also carried out in order to identify the most relevant competitors for the survey in the Network Security market. Priority lists are ordered based on revenue generated based on the most recent reporting using paid databases such as Factiva, Bloomberg, and others.

Finally, the questionnaire was established and specifically designed to meet all requirements for gathering primary data via prior appointment, with a focus on the primary target categories, including This helps us collect data on player revenue, operational cycle and spending statistics, profit, and product or service growth, among other things. The vast majority of data—roughly 70-80 percent—is gathered through primary media and then verified through secondary sources such as authorities, the World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and so on.

Network Security Market Segment:

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 Market Key players:

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.

Network Security Market COVID 19 Impact:

COVID-19 can have three major effects on the global economy: direct changes in supply and demand, market and supply chain disruptions, and economic impacts on businesses and financial markets. Following the COVID-19 issue, our researchers, who are monitoring the situation globally, predict that the market will present producers with enticing opportunities. The report's goal is to highlight the sector-wide effects of the current environment, the economic downturn, and COVID-19 in greater detail.

Network Security Market Regional Analysis:

On the basis of geography, the Network Security market is segmented into 5 main regions and they are- North America, Europe, Asia Pacific, the Middle East, Africa, and South America respectively.

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