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Global Network Security Market Share, Size, Trends, Growth: By Solution Type: Firewalls, Antivirus/Antimalware, Network Access Control (NAC), Data Loss Prevention, Secure Web Gateways, DDoS Mitigation, Others; By Deployment Mode; By Organisation Size; By End Use; Regional Analysis; Market Dynamics, Competitive Landscape; 2023-2028
Global Network Security Market Outlook
The global network security market attained a value of over USD 19.65 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 14.80%.
Key Trends in the Market
Network security is a wide term that incorporates a variety of devices, processes, and technologies. It is a set of rules and configurations created to safeguard the confidentiality, accessibility, and integrity of computer networks along with data, utilising both hardware and software technologies. Every organisation, irrespective of industry, infrastructure, or size needs a level of network security solutions at some point to shield it from the growing risk of cyber threats.
- The increasing investment in research and innovation for network and information security is expected to drive the market growth of network security across the globe in the upcoming years.
- Several organisations offer safe network solutions along with professional cyber services and information risk management and assessment which is expected to enhance the demand for comprehensive network security over the coming years.
- The growing advancements in technologies across the globe is likely to enhance the adoption of connected devices, IT systems, and digital solutions. This is further expected to boost the network security market growth during the forecast period.
- The rising prevalence and risk of cyber crimes and thefts are increasing the stakes for critical companies, encouraging them to invest in robust network security to protect their assets and confidentiality.
Market Analysis
Based on solution type, the market can be segmented into firewalls, antivirus/antimalware, network access control (NAC), data loss prevention, secure web gateways, DDoS mitigation, and unified threat management, among others. On the basis of deployment mode, the market is categorised into on-premises and cloud. Based on organisation size, the market is segmented into large enterprises and small and medium enterprises.
On the basis of end-users, the market segmented into aerospace and defence, government, banking, financial services and insurance (BFSI), IT and telecommunication, healthcare, and energy and utilities, among others. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global network security market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- IBM Corporation
- Cisco Systems, Inc.
- FireEye, Inc.
- Fortinet, Inc.
- WatchGuard Technologies, Inc.
- Others
Market Share by Organisation Size
The large enterprises segment is holding robust growth in the network security market share across the globe on account of the rising number of cyberattacks in large enterprises. In various regions, large enterprise are allocating adequate budgets for online security.
Meanwhile, the small and medium enterprises segment is expected to boost the market growth of network security over the coming years. The surging awareness regarding security coupled with the rise in threats of cyber-attacks is likely to encourage the segment growth of small and medium enterprises in the market share of network security across the globe. Small and medium enterprises are easy targets for hackers which is positively influencing consumers to adopt network security.
Market Share by Region
Geographically, the North America region is expected to augment the network security market share on account of the growing adoption of software, especially in the United States. The strong presence of industries like healthcare, retail, and BFSI in the region is extensively implementing software to shield their data privacy. The United States is likely to hold the market growth of network security on account of the increasing presence of providers for advanced software and security solutions.
Meanwhile, the Asia Pacific is expected to fuel the growth of the network security market on account of the growing investments in the research and development of security software, especially in China. The rising government initiatives in China to enhance the adoption of digitalisation by consumers in regular day routines which is further expected to boost the demand for secure networks.
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Competitive Landscape
IBM Corporation is a leading United States-based multinational company that was established in 1911. The company is one of the biggest technology companies across the globe and is worldwide known brand. It sells and manufactures computer software and hardware along with providing hosting services, consulting services, and infrastructure services, varying from nanotechnology to mainframe computers.
Cisco Systems, Inc. was established in 1984 in the United States. It is a global leading company in networking for the Internet. It deals in the manufacture, sale, and design of Internet Protocol-based networking services and products related to the information technology and communications industries. Its service, hardware, and software offerings are utilised to produce Internet solutions that give companies, individuals, and countries easy access to information at anytime and anywhere.
Fortinet, Inc. is a United States-based company that was founded in 2000. It is a leading security company that builds and develops custom security processing unit (SPU) technology. This further provides the best value and performance across the industry with high Security Compute Ratings and software-oriented as well as CPU-driven approaches.
Other market players include FireEye, Inc., and WatchGuard Technologies, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Solution Type |
|
| Breakup by Deployment Mode |
|
| Breakup by Organisation Size |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Industry Opportunities and Challenges
8 Global Network Security Market Analysis
8.1 Key Industry Highlights
8.2 Global Network Security Historical Market (2018-2022)
8.3 Global Network Security Market Forecast (2023-2028)
8.4 Global Network Security Market by Solution Type
8.4.1 Firewalls
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Antivirus/Antimalware
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Network Access Control (NAC)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Data Loss Prevention
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Secure Web Gateways
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 DDoS Mitigation
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Unified Threat Management
8.4.7.1 Market Share
8.4.7.2 Historical Trend (2018-2022)
8.4.7.3 Forecast Trend (2023-2028)
8.4.8 Others
8.5 Global Network Security Market by Deployment Mode
8.5.1 On-premises
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Cloud
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Network Security Market by Organisation Size
8.6.1 Large Enterprises
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Small and Medium Enterprises
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Network Security Market by End Use
8.7.1 Aerospace and Defence
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Government
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Banking, Financial Services and Insurance (BFSI)
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 IT and Telecommunication
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Healthcare
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.7.6 Energy and Utilities
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2022)
8.7.6.3 Forecast Trend (2023-2028)
8.7.7 Others
8.8 Global Network Security Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 IBM Corporation
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Cisco Systems, Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 FireEye, Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Fortinet, Inc.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 WatchGuard Technologies, Inc.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Network Security Market: Key Industry Highlights, 2017 and 2027
2. Global Network Security Historical Market: Breakup by Solution Type (USD Million), 2018-2022
3. Global Network Security Market Forecast: Breakup by Solution Type (USD Million), 2023-2028
4. Global Network Security Historical Market: Breakup by Deployment (USD Million), 2018-2022
5. Global Network Security Market Forecast: Breakup by Deployment (USD Million), 2023-2028
6. Global Network Security Historical Market: Breakup by Organisation Size (USD Million), 2018-2022
7. Global Network Security Market Forecast: Breakup by Organisation Size (USD Million), 2023-2028
8. Global Network Security Historical Market: Breakup by Industry Vertical (USD Million), 2018-2022
9. Global Network Security Market Forecast: Breakup by Industry Vertical (USD Million), 2023-2028
10. Global Network Security Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Network Security Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Network Security Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Network Security Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Network Security Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Network Security Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Network Security Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Network Security Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Network Security Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Network Security Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Network Security Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Network Security Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Network Security Market Structure.
Key Questions Answered in the Report
In 2022, the global market of network security attained a value of over USD 19.65 billion.
The market is assessed to grow at a CAGR of 14.80% between 2023 and 2028.
The major market drivers are the rising cyber threats and increasing investment in research and innovation for network and information security.
The key network security market trends include advancements in technology, adoption by governments, and availability of comprehensive network security solutions.
The various solution types of network security include firewalls, antivirus/antimalware, network access control (NAC), data loss prevention, secure web gateways, DDoS mitigation, and unified threat management, among others.
The different deployment types of network security include on-premises and cloud.
The organisation sizes using network security include large enterprises and small and medium enterprises.
The several end uses of network security include aerospace and defence, government, banking, financial services and insurance (BFSI), IT and telecommunication, healthcare, and energy and utilities, among others.
The major players in the market are IBM Corporation, Cisco Systems, Inc., FireEye, Inc., Fortinet, Inc., and WatchGuard Technologies, Inc., among others.
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