The global Network Security market worth USD 84,457 Million by 2030, growing at a CAGR of 11.7%
.jpg "The Global Network Security Market 2020-2030 (USD Million)")
Constant development of the network has gained an exponential growth in the customer base along with the threats for the network providers. The growth in demand for intelligent and enhanced security has augmented the growth of network security market over the past few years. Moreover, the factors such as rising need for compliance as well as growing use of data quality tools and systems for data management is responsible for the industry growth.
The access through network continues to be a predominant means through which malware enters into the organization. Malware consists of internet attacks such as rootkits, viruses, spyware, adware and many others. Most of these attacks are meant to steal confidential data from the organizations and users. Such attacks lead to business loss, productivity loss and various complications that the organizations are facing today. Due to these reasons, the network security solution is experiencing a stronger demand in the coming future.
Network Security Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 84,457 Million |
| Growth Rate | CAGR of 11.7 % during 2020-2030 |
| Segment Covered | By deployment, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | NortonLifeLock Inc.,(Symantec Corporation), Sophos Limited, Motorola Solutions, Inc., Fortinet, Ruckus Networks, McAfee Corp., Cisco Systems Inc., Honeywell International Inc., Aerohive Networks, Brocade, Aruba Networks, and ADT Inc. |
Key Segments of the Global Network Security Market
Component Overview
- Software
- Threat Emulation
- URL Filtering
- Antivirus
- Data Loss Prevention (DLP)
- Web Security
- Advanced Networking
- Others
- Solutions
- Identity Access Management (IAM)
- Risk & Compliance Management
- Data Recovery Solutions
- Unified Threat Management (UTM)
- Remote Access Solutions
- Others
End-User Overview
- Government
- BFSI
- Healthcare
- Manufacturing
- IT & Telecom
- Media & Entertainment
- Energy & Utilities
- Others
Regional Overview
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global network security market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global network security market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the network security industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on component, and end-user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global network security market. The report will benefit:
- Every stakeholder involved in the network security market.
- Managers within the Tech companies looking to publish recent and forecasted statistics about the global network security market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global network security market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
The market value of network security market in 2030 was USD 84,457 Million
The major contenders in the global network security market NortonLifeLock Inc.,(Symantec Corporation), Sophos Limited, Motorola Solutions, Inc., Fortinet, Ruckus Networks, McAfee Corp., Cisco Systems Inc., Honeywell International Inc., Aerohive Networks, Brocade, Aruba Networks, and ADT Inc.
Asia-Pacific dominated the market for network security market and accounted for the largest revenue share.
Growing number of cyberattacks throughout the globe is the main factor for the network security market to grow enormously. .The BFSI as well as IT & telecom sectors have experienced numerous security breaches and attacks such as SQL injection, cross-site scripting, cookie poisoning, forceful browsing, Distributed Denial of Service (DDoS), botnets, among other. Managed services delivers solutions, which are easy to deploy and install. Furthermore, they cost less as compared to standalone security tools. Latest trends in organizations such as Bring Your Own Device (BYOD), virtualization, and growing use of web applications is expected to rise internal and external threats. This drives the market for application security in the near future. The growing adoption of the Internet of Things (IoT), Artificial Intelligence (AI), and software defined network technologies are likely to offer lucrative prospects for the network security industry growth in the coming few years.
Component Segment
The global network security market contains both software and solution segment. The software segment is further classified into threat emulation, URL filtering, antivirus, data loss prevention (DLP), web security, advanced networking, and others. The web security segment has maximum revenue share within the global network security market in 2019. The industry participants within the network security market are focusing on building innovative solutions that can tackle security threats and phishing attacks against employees, ransomware, advanced persistent threats, denial-of-service-attacks, as well as securing mobile devices authorized for employees. However, the service segment is likely to grow at a staggering rate in the next five years.
End-User Segment
Based on the end-user, the market is segmented into government, BFSI, healthcare, manufacturing, IT & telecom, media & entertainment, energy & utilities, and others. The market for IT & telecom is anticipated to possess the largest market share in 2019 since the Tech companies today are predominantly developing to match their user needs. Moreover, the growing regulatory scrutiny coupled with enhanced customer satisfaction, as well as advantages such as risk management, fraud detection, and customized solutions are some of the factors responsible for the network security demand.
The global network security industry is a wide range to North America, Asia Pacific, Europe, South America, and the Middle East & Africa. North America is considered a mature market in the network security applications, owing to an outsized presence of organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the network security market in North America.
The major players of the global network security market are Symantec, McAfee, Aruba Networks, Sophos, Ruckus, Motorola Soltuions, Cisco Systems, Juniper Solutions, Fortinet, Brocade Communications Systems, Aerohive, Honeywell, ADT, and more. The network security market is fragmented with the existence of well-known global and domestic players across the globe.