An extensive analysis on the worldwide network security industry, outlining its impressive development prospects in the upcoming years, was just published by a reputable market research agency. The market, according to the analysis, is projected to develop at a strong compound annual growth rate (CAGR) of 12.8% from 2021 to 2031, when it is expected to reach a valuation of $65,005.6 million.
Strong network security measures are urgently needed due to the rising data traffic, which is mostly caused by the increased usage of mobile devices. Organisations across a range of industries are prioritising the adoption of comprehensive security solutions to protect their networks and data from cyber threats as a result of the growth of digital technologies and the rise in the amount of sensitive data being carried over networks. The global network security market is developing as a result of the rising need for comprehensive security solutions that cover network infrastructure, threat detection, and prevention systems.
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The adoption of network security solutions has also been accelerated by the strict regulatory compliance requirements set by governing bodies and industry standards. To meet legal requirements and safeguard their precious assets from potential cyberattacks and data breaches, organisations are investing more and more in cutting-edge security technology and methods. Additionally, the market is expanding as a result of the increased acceptance of the Software as a Service (SaaS) deployment model in network security solutions, which gives businesses greater flexibility, scalability, and affordability when managing their security infrastructure.
Highlighted with 87 tables and 95 figures, this 176-page report “Global Network Security Market 2021-2031 by Component (Solutions, Services), Deployment (Cloud-based, On-premise, Hybrid), Industry Vertical, Enterprise Size (Small, Medium, Large), Distribution Channel, and Region: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire global network security market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global network security market in every aspect of the classification from perspectives of Component, Deployment, Industry Vertical, Enterprise Size, Distribution Channel, and Region.
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Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Solutions
o Firewall
o Antivirus/Antimalware
o Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
o Data Loss Prevention
o Network Access Control (NAC)
o Secure Web Gateways
o Distributed Denial-Of-Service Mitigation (DDoS Mitigation)
o Unified Threat Management
o Other Solutions
- Services
o Managed Service
o Professional Service (Deployment and Integration, Consulting Services, Support and Maintenance)
Based on Deployment, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Cloud-based Deployment
- On-premise Deployment
- Hybrid Deployment
By Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- IT & Telecom
- Banking, Financial Services and Insurance (BFSI)
- Government and Public Sector
- Retail and E-commerce
- Manufacturing
- Healthcare
- Aerospace and Defense
- Energy and Utilities
- Other Industry Verticals
By Enterprise Size, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Small Enterprises
- Medium Enterprises
- Large Enterprises
By Distribution Channel, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Direct Sales
- Value-added Resellers
- Partners & Distributors
- Other Distribution Channels
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE，Saudi Arabia，South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Component，Deployment and Industry Vertical over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
- Avast Software
- Bitdefender
- Cisco Systems Inc.
- FireEye
- FireMon LLC
- Fortinet Inc.
- GFI Software
- International Business Machines Corp. (IBM)
- Juniper Networks Inc.
- SolarWinds Inc.
- Symantec Corporation
- Trend Micro Inc.
- WatchGuard Technologies, Inc.
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