ICT Industry Reports

Expansion of e-retail sector and need for data protection is expected to drive the demand for global network security market in the forecast period. According to TechSci Research report,  “Global  Network Security Market  By Type (Firewalls, Antivirus & Antimalware Software, Intrusion Prevention System, VPN, Wireless Security, Others) By Enterprise Size (SMEs v/s Large Enterprises) By Deployment (Cloud v/s On Premise) By Industry (BFSI, IT & Telecom, Retail, Healthcare, Government, Manufacturing, Others) By Company, By Region, Forecast & Opportunities, 2026” , global network security market is expected to witness significant growth for the next five years owing to the rising connected world which continuously requires data security and services from remote locations. Companies are launching multiple hosting services to accommodate large workplace which is expected to increase the risk of data security. Network security is essential to monitor the network and h...

  Rising concerns for data protection and emerging trend of Internet of Things (IoT) are driving the growth in Global Network Security Market in the forecast period, 2017-2027. According to TechSci Research report, “ Network Security Market  - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027 ” , the Global Network Security Market stood at USD29.06 billion in 2021 and is projected to reach USD 58.44 billion at a CAGR of 12.23% in the forecast period, 2022E-2027F. The surge in the adoption of network security and the increasing investment in the cybersecurity market are the key factors driving the Global Network Security Market in the next five years. The demand for the software is driven by the increase in number of startups and internet penetration in emerging nations. Additionally, end-user organizations utilize the Bring Your Own Device (BYOD) Services, which needs secure network connections. In addition, sectors such as healthcare a...

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 exis...