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Network Security Market Size, Share, and Analysis, By Deployment (Cloud and On-Premise), By Type (Firewalls, Antivirus and Antimalware Software, VPN, Wireless Security, and Others), By Enterprise Type (Small & Medium Enterprises and Large Enterprises), By Industry (BFSI, IT & Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel & Transportation, Energy & Utilities, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

May 2024 | 385 pages | ID: N16D6689E8C8EN
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Network Security Market Size, Share, and Analysis, By Deployment (Cloud and On-Premise), By Type (Firewalls, Antivirus and Antimalware Software, VPN, Wireless Security, and Others), By Enterprise Type (Small & Medium Enterprises and Large Enterprises), By Industry (BFSI, IT & Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel & Transportation, Energy & Utilities, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Network Security Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 12.5% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 23.3 billion and is projected t%li%reach USD 85 billion by the completion of 2034.

Network security market refers t%li%the provision of solutions and services that are designed t%li%protect computer networks from unauthorized access, cyberattacks, and data breaches. This industry includes a diverse array of products including firewalls, antivirus software, intrusion detection & prevention systems, and virtual private networks (VPNs). Businesses are increasingly depending on interconnected systems and the internet, due t%li%which there is a growing demand for strong network security measures. Additionally, organizations are heavily investing in these technologies t%li%protect sensitive information, along with uphold operational integrity and ensuring uninterrupted services. Moreover, the evolving nature of the market requires continuous innovation t%li%address cyber threats, regulatory changes, and technological improvements. Consequently, the network security market is an essential component of comprehensive cybersecurity strategies for global enterprises.

MARKET HIGHLIGHTS

Network Security Market is projected t%li%reach USD 85 billion over the forecast period, due t%li%an upsurge in cyber threats and the expanding digital ecosystem. Organizations are increasingly investing in advanced security solutions t%li%address several challenges presented by interconnected systems and cloud services. Rising demand for next-generation firewalls, intrusion detection & prevention systems, and secure access service edge (SASE) solutions, are major trends that are contributing t%li%the growth of network security market. Furthermore, the prevalence of remote work has intensified the requirement for secure virtual private networks (VPNs) and the implementation of zero-trust security architectures. Artificial intelligence and machine learning technologies are being widely adopted t%li%improve threat detection capabilities. Therefore, with the growing sophistication of cyberattacks, network security market is characterized by continuous innovation and a diverse range of offerings t%li%meet cybersecurity challenges on a global scale.

Network Security Market Segments:
  • By Deployment
  • Cloud
  • On-Premise
  • By Type
  • Firewalls
  • Antivirus and Antimalware Software
  • VPN
  • Wireless Security
  • Others
  • By Enterprise Type
  • Small & Medium Enterprises
  • Large Enterprises
  • By Industry
  • BFSI
  • IT & Telecommunications
  • Retail
  • Healthcare
  • Government
  • Manufacturing
  • Travel & Transportation
  • Energy & Utilities
  • Others
MARKET DYNAMICS

Growth Drivers

Increasing Cyber Threats will Create Growth Opportunities

Growing Adoption of Cloud Computing will Result in Market Expansion

Restraint

Complexity and Integration Issues Prevent Industry Growth

Key Players
    • Cisc%li%Systems, Inc.
      • Pal%li%Alt%li%Networks
  • Fortinet, Inc.
  • Check Point Software Technologies
  • Juniper Networks, Inc.
  • McAfee, LLC
    • Trend Micr%li%Incorporated
  • Symantec Corporation
  • FireEye, Inc.
  • Sophos Group plc
  • IBM Corporation
  • F5 Networks, Inc.
  • Proofpoint, Inc.
  • Rapid7, Inc.
  • Akamai Technologies, Inc.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY

1.1.Regional Market Share
1.2. Business Trends
1.3.Network Security Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
  2.5.1. Paid Sources
  2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1. Market Definition
3.2.Network Security Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data

4. NETWORK SECURITY MARKET – INDUSTRY INSIGHTS

4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7.MARKET DYNAMICS

7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends

8. RISK ANALYSIS

9. MARKET ANALYSIS

9.1. Porters Five Forces
9.2.PEST Analysis
  9.2.1. Political
  9.2.2.Economic
  9.2.3.Social
  9.2.4.Technological

10. NETWORK SECURITY MARKET

10.1.Overview
10.2. Historical Analysis (2019-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11.NETWORK SECURITY MARKET SIZE & FORECAST 2024A-2034F

11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
  11.3.1.By Deployment
    11.3.1.1. Cloud
      11.3.1.1.1. By Value (USD Million) 2024-2034F
      11.3.1.1.2.Market Share (%) 2024-2034F
      11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.On-Premise
      11.3.1.2.1.By Value (USD Million) 2024-2034F
      11.3.1.2.2. Market Share (%) 2024-2034F
      11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Type
    11.3.2.1.Firewalls
      11.3.2.1.1.By Value (USD Million) 2024-2034F
      11.3.2.1.2. Market Share (%) 2024-2034F
      11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. Antivirus and Antimalware Software
      11.3.2.2.1. By Value (USD Million) 2024-2034F
      11.3.2.2.2.Market Share (%) 2024-2034F
      11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.3. VPN
      11.3.2.3.1. By Value (USD Million) 2024-2034F
      11.3.2.3.2.Market Share (%) 2024-2034F
      11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.4. Wireless Security
      11.3.2.4.1. By Value (USD Million) 2024-2034F
      11.3.2.4.2.Market Share (%) 2024-2034F
      11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.5. Others
      11.3.2.5.1. By Value (USD Million) 2024-2034F
      11.3.2.5.2.Market Share (%) 2024-2034F
      11.3.2.5.3.Y-o-Y Growth (%) 2024-2034F
  11.3.3. By Enterprise Type
    11.3.3.1.Small & Medium Enterprises
      11.3.3.1.1.By Value (USD Million) 2024-2034F
      11.3.3.1.2. Market Share (%) 2024-2034F
      11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. Large Enterprises
      11.3.3.2.1. By Value (USD Million) 2024-2034F
      11.3.3.2.2.Market Share (%) 2024-2034F
      11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
  11.3.4. By Industry
    11.3.4.1.BFSI
      11.3.4.1.1.By Value (USD Million) 2024-2034F
      11.3.4.1.2. Market Share (%) 2024-2034F
      11.3.4.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.2. IT & Telecommunications
      11.3.4.2.1. By Value (USD Million) 2024-2034F
      11.3.4.2.2.Market Share (%) 2024-2034F
      11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.3. Retail
      11.3.4.3.1. By Value (USD Million) 2024-2034F
      11.3.4.3.2. Market Share (%) 2024-2034F
      11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.4. Healthcare
      11.3.4.4.1.By Value (USD Million) 2024-2034F
      11.3.4.4.2. Market Share (%) 2024-2034F
      11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.5. Government
      11.3.4.5.1.By Value (USD Million) 2024-2034F
      11.3.4.5.2. Market Share (%) 2024-2034F
      11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.6. Manufacturing
      11.3.4.6.1. By Value (USD Million) 2024-2034F
      11.3.4.6.2.Market Share (%) 2024-2034F
      11.3.4.6.3.Y-o-Y Growth (%) 2024-2034F
    11.3.4.7. Travel & Transportation
      11.3.4.7.1. By Value (USD Million) 2024-2034F
      11.3.4.7.2.Market Share (%) 2024-2034F
      11.3.4.7.3.Y-o-Y Growth (%) 2024-2034F
    11.3.4.8. Energy & Utilities
      11.3.4.8.1.By Value (USD Million) 2024-2034F
      11.3.4.8.2. Market Share (%) 2024-2034F
      11.3.4.8.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.9. Others
      11.3.4.9.1. By Value (USD Million) 2024-2034F
      11.3.4.9.2.Market Share (%) 2024-2034F
      11.3.4.9.3.Y-o-Y Growth (%) 2024-2034F

12. NORTH AMERICA NETWORK SECURITY MARKET SIZE & FORECAST 2024A-2034F

12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1. By Deployment
  12.3.2.By Type
  12.3.3.By Enterprise Type
  12.3.4.By Industry
12.4. Country
  12.4.1. United States
  12.4.2.Canada

13. EUROPE NETWORK SECURITY MARKET SIZE & FORECAST 2024A-2034F

13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1. By Deployment
  13.3.2.By Type
  13.3.3.By Enterprise Type
  13.3.4.By Industry
13.4. Country
  13.4.1.Germany
  13.4.2.United Kingdom
  13.4.3.France
  13.4.4. Italy
  13.4.5.Spain
  13.4.6.Russia
  13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14. ASIA-PACIFIC NETWORK SECURITY MARKET SIZE & FORECAST 2024A-2034F

14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
  14.3.1. By Deployment
  14.3.2.By Type
  14.3.3.By Enterprise Type
  14.3.4. By Industry
14.4. Country
  14.4.1. India
  14.4.2.China
  14.4.3. South Korea
  14.4.4. Japan
  14.4.5. Rest of APAC

15. MIDDLE EAST AND AFRICA NETWORK SECURITY MARKET SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1. By Deployment
  15.3.2.By Type
  15.3.3.By Enterprise Type
  15.3.4.By Industry
15.4. Country
  15.4.1. Israel
  15.4.2.GCC
  15.4.3.North Africa
  15.4.4. South Africa
  15.4.5.Rest of Middle East and Africa

16. LATIN AMERICA NETWORK SECURITY MARKET SIZE & FORECAST 2024A-2034F

16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1. By Deployment
  16.3.2.By Type
  16.3.3.By Enterprise Type
  16.3.4.By Industry
16.4. Country
  16.4.1. Mexico
  16.4.2.Brazil
  16.4.3.Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1.Cisco Systems, Inc.
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2. Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2.Palo Alto Networks
18.3.Fortinet, Inc.
18.4. Check Point Software Technologies
18.5.Symantec Corporation
18.6.Juniper Networks, Inc.
18.7.McAfee, LLC
18.8. Trend Micro Incorporated
18.9.FireEye, Inc.
18.10.Sophos Group plc
18.11. IBM Corporation
18.12. F5 Networks, Inc.
18.13. Proofpoint, Inc.
18.14.Rapid7, Inc.
18.15. Akamai Technologies, Inc.
18.16.Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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