Network security

Growing Network Security Market Driven By Popularity Of Remote Work And Security Needs

Recent analysis by Frost & Sullivan of the Asia-Pacific (APAC) Network Security (NWS) market reveals that the growing acceptance of remote working and adoption of the cloud, remote workplace, collaboration and security drive growth.

The network security market is expected to grow steadily by 2025

Urgent adoption of remote work due to the pandemic led to investments in upgrading security control systems to protect remote employees.

In addition, the growing number of highly sophisticated cyber attacks (organized or supported by the government) against critical infrastructure and government organizations is prompting organizations and businesses in the region to increase their investments in cybersecurity technologies in order to strengthen their capacities to detection and response to threats. As a result, the dynamic market is expected to reach $ 7.32 billion by 2025, up from $ 5.12 billion in 2020, growing steadily at a compound annual growth rate (CAGR) of 7.4%.

“From a technological standpoint, as demand for secure, software-defined wide area networks (SD-WANs) and secure cloud edge service solutions soars, the network firewall segment will continue to grow. to be the main force behind the overall growth of the NWS market during the forecast. period ”said Vivien Pua, Information and Communications Technology Industry Analyst at Frost & Sullivan.

“Likewise, the secure remote access segment is expected to maintain its strong growth momentum, primarily fueled by the growing need for secure and high-performance remote access which has exploded due to home work environments. “

Pua added, “At the macro level, strict regulatory compliance for privacy and data protection continues to be a key market driver, especially for highly regulated industries, such as BFSI, government, telecommunications and health care; and sectors with critical infrastructure.

Increased investments in cybersecurity technologies

Organizations are increasing their investments in cybersecurity technologies, presenting lucrative growth prospects for players in the NWS market, such as:

  • Short-term threat prevention platform replacement surges: The need for high-performance, integrated, and automated threat management platforms will drive many large organizations to refresh and replace their systems.
  • Short-term demand for secure remote access and untrusted network access: Suppliers need to review their channel partner strategy to improve business results and channel partner engagement.
  • Growing demand for secure SD-WAN: Suppliers should work closely with their regional channel partners to educate the market and offer support to help businesses achieve their goals.
  • Growing need for critical infrastructure (CI) protection: Market players should focus on security solutions to protect CI against cyber attacks. They may need to expand their product or service offerings to include Industrial Control System Security / Operational Technology Security solutions in their portfolios.

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