Network Security Market Size To Reach USD 63,398 Million By 2027 with CAGR Of 16.7% - Valuates Reports

India - English

News provided by

Jun 28, 2021, 11:00 ET

BANGALORE, India, June 28, 2021 /PRNewswire/ -- Network Security Market By Component (Solution and Services), Solution (Firewall, Antivirus, Network Access Control, Data Loss Prevention, IDS/IPS, Secure Web Gateways, DDoS Mitigation, Unified Threat Management and Others), Services (Professional Services and Managed Services), Deployment (On-Premise and Cloud), Organization Size (Small & Medium Enterprise and Large Enterprise) and Industry Vertical (Aerospace And Defense, Government, Banking, Financial Services, And Insurance (BFSI) ,Information Technology (IT) And Telecommunication ,Healthcare, Retail, Manufacturing, Energy & Utilities and Others). This report is published on Valuates Reports in the Computers & Electronics Category.

The global Network Security Market size was valued at USD 18,480 Million in 2019 and is projected to reach USD 63,398 Million by 2027, registering a CAGR of 16.7% from 2020 to 2027.

The word "network security" refers to a wide range of technology, devices, and processes. In the simplest terms, it is a set of rules and configurations that use both software and hardware technologies to safeguard the integrity, confidentiality, and accessibility of computer networks and data.

Every business, regardless of size, industry, or infrastructure, needs network security solutions to protect itself from the ever-increasing array of cyber threats.

Major factors driving the growth of the Network Security Market are:

Increasing focus on data safety and privacy has emerged as one of the striking factors driving the Network security market.
Growing incidences of cybercrimes coupled with huge losses also have mandated the need for effective network security solutions.
The growth of digitalization is also expected to propel the Network Security market growth.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-3S58/network-security

TRENDS INFLUENCING THE GROWTH OF THE NETWORK SECURITY MARKET

With the advent of wireless technologies, telecommunications, the internet, and technologies such as organizational networks and BYOD have all become vulnerable to data theft attacks. This in turn is expected to drive the growth of the network security market. Various vendors have established several network security offerings, such as IPS/IDS, firewall, on-appliance reporting, content filtering, data leak prevention, load balancing, gateway antivirus, network intrusion prevention, and anti-spam detection, in order to protect the wireless network.

The surge in the number of cyber-attacks on businesses has resulted in massive losses in both social and economic terms. As a result, firms have been forced to boost their security investment, resulting in lucrative growth for the Network Security Market.

Inquire For Sample: https://reports.valuates.com/request/sample/ALLI-Manu-3S58/Network_Security_Market

IMPACT OF COVID-19 PANDEMIC ON NETWORK SECURITY MARKET:

Post COVID-19, the size of the network security market is estimated to grow from USD 21,530 million in 2020 and is projected to reach USD 63,398 million by 2027, at a CAGR of 16.7%.

Cybercriminals are using the pandemic as an excuse to ramp up their criminal activity by exploiting the vulnerability of remote employees and capitalizing on the public's interest in coronavirus. These factors are prompting businesses to boost their security investment and strengthen their network security architecture in order to accommodate remote working. This indicates that the global network security industry will continue to grow steadily.

Inquire for Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-3S58/Network_Security_Market

NETWORK SECURITY MARKET SHARE ANALYSIS

Based on components, in 2019 the solution segment dominated the network security market size. However, the services segment is expected to exhibit significant growth during the forecast period.

Based on deployment type, the cloud segment accounted for the highest revenue in 2019 and is expected to witness the highest growth rate during the forecast period. This is due to heavy reliance on cloud and online systems, owing to work from home policy, which has increased the risk of cyber threats.

North America dominated the network security market share in terms of region. This dominance of North America is attributed to the favorable government initiatives in the technology domain. However, during the forecast years, Asia-Pacific is predicted to rise significantly.

Key Market Segments

By Component

Solution
Services

By Solution

Firewall
Antivirus/Antimalware
Network Access Control (NAC)
Data Loss Prevention
IDS/IPS
Secure Web Gateways
DDoS Mitigation
Unified Threat Management
Others

By Service

Professional Services
Managed Services

By Deployment

On-premise
Cloud

By Organization Size

Large Enterprise
Small and Medium Enterprise

By Industry Vertical

Aerospace and Defense
Government
Banking, Financial Services, And Insurance (BFSI)
Information Technology (IT) and Telecommunication
Healthcare
Retail
Manufacturing
Energy and Utilities
Others

BY REGION

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
India
Japan
India
Australi
South Korea
Rest of Asia-Pacific

LAMEA

Latin America
Middle East
Africa

Key Market Players

Cisco Systems
Solarwinds
IBM
Trend Micro
FireMon
Symantec
FireEye
GFI Software
Avast Software
Juniper Networks

Inquire For Chapter Cost: https://reports.valuates.com/request/chaptercost/ALLI-Manu-3S58/Network_Security_Market

Inquire For Customization: https://reports.valuates.com/request/customisation/ALLI-Manu-3S58/Network_Security_Market

Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-3S58&lic=single-user

Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-3S58&lic=enterprise-license

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS :

The global Network Security Firewall market size is projected to reach USD 5513.2 Million by 2026, from USD 3263.1 Million in 2019, at a CAGR of 7.3% during 2021-2026.

The global Cloud Network Security Software market size is projected to reach USD 15200 Million by 2026, from USD 3601.6 Million in 2019, at a CAGR of 22.3% during 2021-2026.

The global Deep Packet Inspection and Processing market size is projected to reach USD 18310 Million by 2026, from USD 8717.5 Million in 2019, at a CAGR of 11.1% during 2021-2026.

The global Network Packet Broker market size is projected to reach USD 1075.5 Million by 2026, from USD 679.8 Million in 2019, at a CAGR of 6.8% during 2021-2026.

The global Deep Packet Inspection market size is projected to reach USD 18310 Million by 2026, from USD 8717.5 Million in 2019, at a CAGR of 11.1% during 2021-2026.

Click Here To See Related Reports On Network Security Market

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:

Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports