Network Security Market Outlook 2027 By Size, Share, Trends, Opportunity and Forecast
According to TechSci Research, Global network security market is expected to grow at an impressive rate during the forecast period owing to policies adopted by the majority of companies to bring your own device policy for secure data transmission at workplace. Adoption of latest technologies by healthcare and retail industry is generating the need for network security at the global level. Introduction of Internet of Things along with high-speed internet is leading to efficient data transmission through devices. Technologies such as augmented reality, autonomous vehicles and devices, robotic process automation is aiding the generation of a large volume of data and thereby fostering the global network security market. Government initiatives to make smart cities across major economies is expected to boost the market growth. Also, the adoption of digitization by major industry verticals is aiding to increase the market demand across the world. High-end investments to upgrade the existing network infrastructure and innovate new technologies which constantly shares data for real-time analysis and monitoring is expected to create new avenues for tremendous market growth. To protect the data and network infrastructure from data breach and cyber-attacks implementation of network security is expected to accelerate the global network security market. Government of several countries are implementing security laws and policies to prevent the incidences of security breach.
Global network security market is segmented into type, enterprise size, deployment, industry, region, and company. Based on regional analysis, North America is expected to dominate the market during the forecast period, 2023-2027. Prominent industries such as healthcare, retail and BFSI are the major consumers of network security services. Continuous technological advancements upgrade the existing network infrastructure and boast of filing maximum number of patents relating to cybersecurity. Rising demand for secure networks is attributing to high market demand in the region.
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The major players operating in the global network security market are Cisco Systems, Inc., Check Point Software Technologies Ltd., FireEye Inc., Juniper Networks, Inc., McAfee, LLC, Palo Alto Networks, Inc., Watchguard Technologies, Inc., Fortinet, Inc., AT&T, Inc., Siemens AG, among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
- To analyze the historical growth in the market size of global network security market from 2017 to 2021.
- To estimate and forecast the market size of global network security market from 2022 to 2027 and growth rate until 2027.
- To classify and forecast global network security market based on type, enterprise size, deployment, industry, region, and company.
- To identify dominant region or segment in the global network security market.
- To identify drivers and challenges for global network security market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global network security market.
- To identify and analyze the profile of leading players operating in global network security market.
- To identify key sustainable strategies adopted by market players in global network security market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global network security market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Network security service provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to network security
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute | Details |
Base Year | 2021 |
Historical Years | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022-2027 |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Type · Enterprise Size · Deployment · Industry |
Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
Country Scope | United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa |
Key Companies Profiled | Cisco Systems, Inc., Check Point Software Technologies Ltd., FireEye Inc., Juniper Networks, Inc., McAfee, LLC, Palo Alto Networks, Inc., Watchguard Technologies, Inc., Fortinet, Inc., AT&T, Inc., Siemens AG. |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, global network security market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
· Global Network Security Market, By Type:
- Firewalls
- Antivirus & Antimalware Software
- Intrusion Prevention System
- VPN
- Wireless Security
- Others
- Global Network Security Market, By Enterprise Size:
- SMEs
- Large Enterprises
- Global Network Security Market, By Deployment:
- Cloud
- On Premise
- Global Network Security Market, By Industry:
- BFSI
- IT & Telecom
- Retail
- Healthcare
- Government
- Manufacturing
- Others
- Global Network Security Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- Australia
§ South Korea
o Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- South America
§ Brazil
§ Argentina
§ Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global network security market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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