Our comprehensive research on the Global Network Security Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global network security market size was US$ 27.1 billion in 2021. The global network security market is forecast to grow to US$ 86.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 13.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The creation and implementation of Network Access Control (NAC) is becoming more popular around the world. Its capabilities, including incident response, policy lifecycle management, guest networking access, and security posture access, are likely to benefit the global network security market.
The global network security market is forecast to gain traction, owing to the stringent government rules and regulations benefitting the global network security market.
The rising adoption of SaaS and Cloud-based security technologies will propel the global network security market forward.
The combination of advanced deep learning and machine learning capabilities will offer ample growth opportunities for the global network security market.
Growing demand for integrated security systems will benefit the global network security market.
The high costs and budget restrictions may restrict the market growth.
Regional Analysis
North America is forecast to hold the highest share of the global network security market. Moreover, Europe and Asia-Pacific are forecast to hold the second and the third-highest share, owing to the growing cases of data breaches. Network security software solutions are being adopted by companies in North America to detect and avert threats.
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Competitors in the Market
- Cisco Systems Incorporated
- SolarWinds Incorporated
- IBM Corporation
- Trend Micro Incorporated
- FireMon LLC
- Symantec Corporation
- FireEye Incorporated
- GFI Software
- Avast Software
- WatchGuard
- Bitdefender
- Webroot Incorporated
- Juniper Networks Incorporated
- McAfee LLC
- Motorola Solutions Incorporated
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Network Security industry experienced notable growth in its workforce. Starting in January, employment within the Network Security sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Network Security output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Network Security output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Network Security market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Network Security market.
Market Segmentation
Based on the component, the global network security market has been segmented into –
- Solutions
- Firewall Security
- Virus/Malware protection
- Network Access Control (NAC)
- Data Loss Prevention
- Data encryption
- URL and content filtering
- IDS/IPS
- Secure Web Gateways
- DDoS Mitigation
- Unified Threat Management
- web application management
- Advanced threat detection
- Vulnerability Scanning and Management
- Sandboxing
- Others (Compliance Management, Uniform Resource Locator [URL] Filtering, Network, and Software Auditing)
- Services
- Professional
- Design and Implementation
- Consulting
- Training and Education
- Support and Maintenance
- Managed Services
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Based on the deployment model, the network security market has been segmented into –
- On-premises
- Cloud
Based on the organization size, the network security market has been segmented into–
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Based on the End-User Industry, the network security market has been segmented into –
- Aerospace and Defense
- Government
- Banking, Financial Services, And Insurance (BFSI)
- Information Technology (IT) and Telecommunication
- Healthcare
- Retail
- Manufacturing
- Energy and Utilities
- Others (ISP hosting, Media and Entertainment, and Transport and Logistics)
Based on the Region, the network security market has been segmented into –
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Network Security Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Network Security Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Network Security Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Network Security Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Network Security market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Network Security market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Network Security business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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