The global network security market size was 27.1 billion US$ in 2021. The global network security market is expected to reach 86.1 billion US$ by 2030 registering an annual growth rate compound (CAGR) of 13.1% over the forecast period from 2022 to 2030.
network security market Status, Trends and COVID-19 Impact Report 2021, the Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns , competitive landscape, market shares, trends, and strategies for this market. It traces historical and forecast market growth by geography. It places the market in the larger context network security market, and compare it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, industry chain, market effect factors analysis, market size forecast from digital evidence management, market data and graphs and statistics, charts, Bar & Pie Charts, and many more for business intelligence. Get a full report (Including full table of contents, over 100 tables and figures, and a chart). – In-depth analysis of the impact of the COVID-19 epidemic before and after the analysis of the market impact and situation by region
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Factors influencing the market
The creation and implementation of Network Access Control (NAC) is gaining popularity around the world. Its capabilities, including incident response, policy lifecycle management, network guest access and security posture access, are expected to benefit the global network security market.
The global network security market is expected to gain traction, owing to stringent government rules and regulations that are benefiting the global network security market.
The growing 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 provide ample growth opportunities for the global network security market.
The growing demand for integrated security systems will benefit the global network security market.
High costs and budgetary restrictions may limit the growth of the market.
COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the network security market has experienced significant economic turbulence. However, digital technologies play a vital role in all industries. Furthermore, the growing demand for modernization of remote working technologies is expected to accelerate the growth of the market.
Due to the shutdowns, several companies need workers to work from home using the company network. Excessive internet usage during the coronavirus pandemic has increased the demand for network security.
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North America is expected to hold the largest share of the global network security market. Moreover, Europe and Asia-Pacific are expected to hold the second and third highest share, due to the increase in data breach cases. Network security software solutions are adopted by companies in North America to detect and prevent threats.
Cisco Systems Incorporated
Trend Micro Incorporated
Juniper Networks Incorporated
Motorola Solutions Incorporated
Other top players
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On the basis of component, the global network security market has been segmented into
Network Access Control (NAC)
Data Loss Prevention
URL and content filtering
Secure Web Gateways
Unified Threat Management
web application management
Advanced Threat Detection
Vulnerability analysis and management
Others (Compliance Management, Uniform Resource Locator [URL] Filtering, network and software audit)
Design and implementation
Training and education
Support and maintenance
Based on deployment model, the network security market has been segmented into
On the site
Based on organization size, the network security market has been segmented into
Small and medium-sized enterprises (SMEs)
Based on end-user industry, the network security market has been segmented into
Aeronautics and Defense
Banking, Financial Services and Insurance (BFSI)
Information Technology (IT) and Telecommunications
Energy and Utilities
Others (ISP Hosting, Media and Entertainment, and Transport and Logistics)
Based on region, the network security market has been segmented into
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia-Pacific
Middle East and Africa (MEA)
United Arab Emirates
Rest of MEA
Rest of South America
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What are the key insights extracted from the report?
- Detailed information about the estimated factors affecting the market growth and market share over the forecast period are presented in the report.
- The report presents the current scenario and future growth prospects of the market across various geographical regions.
- The analysis of the competitive landscape in the market along with the qualitative and quantitative information is delivered.
- SWOT analysis is conducted with Porter’s Five Force analysis.
- The in-depth analysis provides an overview of the market, highlighting the growth rate and the opportunities offered by the business.
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