TOKYO , Oct. 11, 2022 (GLOBE NEWSWIRE) — The Global Network Security Market Size accounted for USD 31,652 Million in 2021 and is estimated to obtain a market dimension of USD 84,457 Million by 2030 rising at a CAGR of 11.7% from 2022 to 2030.
Network Security Market Statistics
- Global community safety market income was price USD 31,652 million in 2021, with a 11.7% CAGR from 2022 to 2030
- North America area has leads the market with greater than 36% share in 2021
- Asia-Pacific market is expected to reach at a CAGR of 13% from 2022 to 2030
- By enterprise dimension, SMEs section is expected to register the best development fee over the forecasting years
- Increasing incidences of cyber-terrorism, drives the community safety market share
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Payment Gateway Market Report Coverage:
|Market||Network Security Market|
|Network Security Market Size 2021||USD 31,652 Million|
|Network Security Market Forecast 2030||USD 84,457 Million|
|Network Security Market CAGR During 2022 – 2030||11.7%|
|Network Security Market Analysis Period||2018 – 2030|
|Network Security Market Base Year||2021|
|Network Security Market Forecast Data||2022 – 2030|
|Segments Covered||By Deployment, By Revenue, By Enterprise Size, By Industry, And By Geography|
|Network Security Market Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||NortonLifeLock Inc.,(Symantec Corporation), Aerohive Networks, Sophos Limited, Brocade, Motorola Solutions, Inc., Cisco Systems Inc., Fortinet, Aruba Networks, Ruckus Networks, Honeywell International Inc., McAfee Corp., and ADT Inc.|
|Report Coverage||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
Network Security Market Overview
Network safety is a broad time period that encompasses a variety of apparatus, procedures, and operations. Network safety is a set of rules and configurations designed to safe the dependability, accessibility, in addition to authenticity of pc information and networks. Since the introduction of the Internet, the importance of community safety has escalated. There is a considerable amount of company, industrial, in addition to authorities information on networking infrastructure all the world over. However, the community safety market development is pushed by the necessity for robust information safety and the rising occurrences of cyber-terrorism.
Network Security Market Growth Factors
- Growing information security and privateness considerations
- Rising adoption of cloud-based safety applied sciences
- Increasing proliferation of good gadgets
Network Security Market Dynamics
The consistently rising numbers of cellphones, in addition to the rising adoption of interconnected safety merchandise, are two key causes predicted to drive the worldwide community safety market worth within the upcoming many years. Moreover, development in regulatory compliance obligations is doubtless to gas market enlargement sooner or later years. The rising recognition of Software as a Service-based community safety answer is thought of to be a big driver driving the community safety market dimension.
On the opposite hand, the worldwide community safety market development is doubtless to be restricted by an absence of efficient safety protocols and the complexity of community structure. Other challenges predicted to restrict market development within the subsequent years embody threats posed by open-source community safety software program in addition to technical weaknesses. Nonetheless, a big improve in DDoS assaults, together with a rise in acquisitions and mergers are predicted to contribute to business development.
However, the rising susceptibility of devices to cyber-attacks in addition to terrorism is a key hindrance to market enlargement. The elevated incidence of those assaults has shocked each massive and small enterprises’ community infrastructure. They’ve made the community extra susceptible to viruses, fraud, in addition to information loss. Furthermore, elevated BYOD use is projected to hinder market development within the approaching years.
COVID-19 Analysis of the Network Security Market
The present COVID-19 epidemic is one other main driver of development within the community safety sector. With the rising utilization of smartphones, distant working, in addition to dwelling networks, there is a heightened consciousness concerning the cybersecurity of those networks. As a outcome, there is a higher want for improved community safety options. Additionally, community infrastructure cybersecurity grew to become a vital side of firm operations as firms migrated to digital platforms. This has propelled market enlargement lately and is projected to proceed to accomplish that all through the forecast interval.
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Network Security Market Segmentation
The world community safety market has been segmented by Acumen Research and Consulting primarily based on deployment, sort, enterprise dimension, and business. By deployment, the section is separated into on-premise, and cloud. According to the community safety market forecast, the cloud section is predicted to develop considerably within the subsequent years. By sort, the market is categorized into firewalls, antivirus and anti-malware software program, VPN, wi-fi safety, and others. By enterprise dimension, the market is categorized into massive enterprise, and small and medium dimension enterprise (SMEs). By business, the market is break up into IT and telecommunication, BFSI, retail, vitality and utilities, manufacturing, authorities, journey and transportation, healthcare, and others.
Network Security Market Regional Overview
The world community safety market is separated into a number of geographic areas: Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. According to a community safety business evaluation, North America will lead the worldwide market in 2021. This is owing to the widespread adoption of community safety applied sciences. Moreover, the area’s market development is being pushed by the early acceptance of those applied sciences, in addition to the supply of varied Distributed Denial of Service (DDoS) mitigation and safety options.
Furthermore, vital enterprises within the area are quickly utilizing community safety options to detect and mitigate cyber dangers and potential virus assaults. The Asia-Pacific is predicted to have the strongest development fee within the community safety market over the subsequent few years. This market is predicted to develop at the quickest fee within the coming years due to the rising acceptance of managed safety providers with cloud-based safety programs.
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Network Security Market Players
Some of the outstanding community safety market firms are 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.
Network Security Market Strategies
Some of the important thing methods in market:
- In October 2019, Cisco Systems, Inc. introduced the acquisition of Duo Security Inc., a Michigan-based internet-based networking technique. The deal will enable each firms to broaden their software-based & subscription-based safety portfolios. This will strengthen the corporate’s standing within the world market.
Questions Answered By This Report
- What was the market dimension of Network Security Market in 2021?
- What would be the CAGR of Network Security Market through the forecast interval from 2022 to 2030?
- Who are the most important gamers in Global Network Security Market?
- Which area held the most important share in Network Security Market in 2021?
- What are the important thing market drivers of Network Security Market?
- Who is the most important finish consumer Network Security Market?
- What would be the Network Security Market worth in 2030?
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