Network Security Market
Network Security Market Forecasts to 2030 - Global Analysis By Type (Hardware, Software and Services), Solution, Deployment Mode, Organization Size, End User and By Geography
According to Stratistics MRC, the Global Network Security Market is accounted for $27.2 billion in 2024 and is expected to reach $60.6 billion by 2030 growing at a CAGR of 14.3% during the forecast period. Network security involves the practices and technologies used to protect the integrity, confidentiality, and availability of computer networks and data. It encompasses measures such as firewalls, intrusion detection systems, encryption, and access controls to prevent unauthorized access, misuse, or theft. Network security also includes protocols and policies for managing and responding to security incidents. Effective network security ensures reliable data transmission and secure communication channels, supporting business operations and protecting sensitive information.
According to Check Point Software Technologies Ltd, in 2021, 81% of businesses have implemented remote working for their workforces, and 74% plan to do so indefinitely.
Market Dynamics:
Driver:
Increasing frequency and sophistication of cyber threats
Cyber attacks becoming more advanced and prevalent, organizations are compelled to invest in cutting-edge security solutions to safeguard their data and systems. This includes next-generation firewalls, intrusion detection systems, and advanced threat intelligence platforms. The evolving threat landscape necessitates continuous innovation in security technologies, such as AI and machine learning, to identify and mitigate threats in real time boosting the growth of the market.
Restraint:
Increasing complexity of IT environments
Increasing complexity of IT environments negatively affects the market by making it more challenging to implement and manage effective security measures.Diverse and interconnected systems, including cloud services, IoT devices, and remote work setups, create numerous vulnerabilities and entry points for cyber attacks. This complexity can lead to security gaps, difficulties in monitoring and responding to threats, and increased operational costs hampering the market growth.
Opportunity:
Rise of remote work and bring-your-own-device (BYOD) trends
Employees accessing corporate networks from various locations and personal devices leads to the rising risk of unauthorized access and data breaches and this shift necessitate robust security measures such as secure VPNs, endpoint protection, and zero-trust architectures. Organizations must implement comprehensive policies and technologies to ensure secure remote access and protect sensitive information. Thus the demand for advanced network security solutions has surged, driving market growth and emphasizing the need for continuous adaptation to evolving work environments.
Threat:
Shortage of skilled cybersecurity professionals
Cyber threats becoming more sophisticated, the demand for knowledgeable experts in areas such as threat detection, incident response, and security architecture exceeds supply. This skills gap can lead to vulnerabilities going unaddressed, slower response times to incidents, and inadequate protection strategies. Additionally, organizations may face increased costs as they compete for scarce talent or rely on less experienced staff, potentially compromising their security posture impeding the market growth.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the network security market as organizations rapidly shifted to remote work. This transition exposed vulnerabilities and increased the attack surface, leading to a surge in cyber threats such as phishing and ransomware. Consequently, demand for robust network security solutions, including VPNs, firewalls, and endpoint security, skyrocketed. Companies invested heavily in securing remote access and ensuring data protection. Additionally, the pandemic accelerated digital transformation and cloud adoption, further driving the need for advanced network security measures.
The antivirus/antimalware segment is expected to be the largest during the forecast period
The antivirus/antimalware is expected to be the largest during the forecast period by providing essential protection against a wide range of cyber threats. These tools help detect, prevent, and remove malicious software, safeguarding systems from viruses, ransomware, spyware, and other harmful programs. Their integration with network security infrastructures enhances overall security postures, offering real-time threat detection and response capabilities. As cyber threats evolve, the demand for advanced antivirus and antimalware solutions increases, driving market growth.
The cloud-based segment is expected to have the highest CAGR during the forecast period
The cloud-based segment is expected to have the highest CAGR during the forecast period as it allows organizations to utilize advanced network security solutions from the cloud infrastructure. Cloud-based network security offers a cost-effective and flexible way for organizations to ensure network security depending on demand, usage, and buying capabilities. Thus, the following factors are anticipated to drive the cloud-based network security.
Region with largest share:
North America is projected to hold the largest market share during the forecast period owing to the growing demand for network security solutions and services among key end-use industries, including BFSI, Government, Healthcare, Education, IT, and Telecom. Data thefts and cybercriminals are constantly targeting these industries in the region to gain access to sensitive organizational networks and devices accommodating exorbitant organizational and personal data. These are the primary factors aimed at driving the North American market growth.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period due to the rising adoption of advanced technologies, including IoT-connected devices in major end-use industries, such as IT and Telecommunication, healthcare, BFSI, retail, manufacturing, and others, along with the growing regulatory policies and security compliance to safeguard customer data in BFSI and IT sectors is driving the demand for network security solutions in Asia Pacific.
Key players in the market
Some of the key players in Network Security market include Fortinet, Cisco, CrowdStrike, IBM Corporation, Trend Micro, Rapid7, Microsoft Corporation, Palo Alto Networks, Broadcom, Vmware, Trellix, Proofpoint, Akamai Technologies, Check Point, Juniper Networks, Solarwinds and Symantec
Key Developments:
In July 2024, Microsoft collaborated with Mass General Brigham and University of Wisconsin–Madison to further advance AI foundation models for medical imaging. The collaborations will foster research and innovation tied to the advancement of high-performing multimodal AI foundation models.
In July 2024, Cisco and HTX signed MOU to Pilot 5G and AI technologies to enhance homeland security. Both parties will collaborate in the research and development of 5G and AI technologies to digitally transform public safety, security and network operations in Singapore.
In June 2024, Cisco Launched country digital transformation program in Vietnam to supercharge its economic growth. The program will see investments in key areas like 5G, smart manufacturing, financial services and digital government.
Types Covered:
• Hardware
• Software
• Services
Solutions Covered:
• Antivirus/Antimalware
• Firewall
• Identity & Access Management
• Encryption
• Unified Threat Management
• Intrusion Detection & Prevention System
• Data Loss Prevention
• Security Information & Event Management
• Distributed Denial of Service (DDoS) Protection
• Other Solutions
Deployment Modes Covered:
• On-Premises
• Cloud-Based
• Hybrid
Organization Sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises
End Users Covered:
• BFSI (Banking, Financial Services, and Insurance)
• Government & Defense
• Healthcare
• IT & Telecom
• Retail
• Energy & Utilities
• Manufacturing
• Education
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Network Security Market, By Type
5.1 Introduction
5.2 Hardware
5.3 Software
5.4 Services
6 Global Network Security Market, By Solution
6.1 Introduction
6.2 Antivirus/Antimalware
6.3 Firewall
6.4 Identity & Access Management
6.5 Encryption
6.6 Unified Threat Management
6.7 Intrusion Detection & Prevention System
6.8 Data Loss Prevention
6.9 Security Information & Event Management
6.10 Distributed Denial of Service (DDoS) Protection
6.11 Other Solutions
7 Global Network Security Market, By Deployment Mode
7.1 Introduction
7.2 On-Premises
7.3 Cloud-Based
7.4 Hybrid
8 Global Network Security Market, By Organization Size
8.1 Introduction
8.2 Small and Medium-Sized Enterprises
8.3 Large Enterprises
9 Global Network Security Market, By End User
9.1 Introduction
9.2 BFSI (Banking, Financial Services, and Insurance)
9.3 Government & Defense
9.4 Healthcare
9.5 IT & Telecom
9.6 Retail
9.7 Energy & Utilities
9.8 Manufacturing
9.9 Education
9.10 Other End Users
10 Global Network Security Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Fortinet
12.2 Cisco
12.3 CrowdStrike
12.4 IBM Corporation
12.5 Trend Micro
12.6 Rapid7
12.7 Microsoft Corporation
12.8 Palo Alto Networks
12.9 Broadcom
12.10 Vmware
12.11 Trellix
12.12 Proofpoint
12.13 Akamai Technologies
12.14 Check Point
12.15 Juniper Networks
12.16 Solarwinds
12.17 Symantec
List of Tables
1 Global Network Security Market Outlook, By Region (2022-2030) ($MN)
2 Global Network Security Market Outlook, By Type (2022-2030) ($MN)
3 Global Network Security Market Outlook, By Hardware (2022-2030) ($MN)
4 Global Network Security Market Outlook, By Software (2022-2030) ($MN)
5 Global Network Security Market Outlook, By Services (2022-2030) ($MN)
6 Global Network Security Market Outlook, By Solution (2022-2030) ($MN)
7 Global Network Security Market Outlook, By Antivirus/Antimalware (2022-2030) ($MN)
8 Global Network Security Market Outlook, By Firewall (2022-2030) ($MN)
9 Global Network Security Market Outlook, By Identity & Access Management (2022-2030) ($MN)
10 Global Network Security Market Outlook, By Encryption (2022-2030) ($MN)
11 Global Network Security Market Outlook, By Unified Threat Management (2022-2030) ($MN)
12 Global Network Security Market Outlook, By Intrusion Detection & Prevention System (2022-2030) ($MN)
13 Global Network Security Market Outlook, By Data Loss Prevention (2022-2030) ($MN)
14 Global Network Security Market Outlook, By Security Information & Event Management (2022-2030) ($MN)
15 Global Network Security Market Outlook, By Distributed Denial of Service (DDoS) Protection (2022-2030) ($MN)
16 Global Network Security Market Outlook, By Other Solutions (2022-2030) ($MN)
17 Global Network Security Market Outlook, By Deployment Mode (2022-2030) ($MN)
18 Global Network Security Market Outlook, By On-Premises (2022-2030) ($MN)
19 Global Network Security Market Outlook, By Cloud-Based (2022-2030) ($MN)
20 Global Network Security Market Outlook, By Hybrid (2022-2030) ($MN)
21 Global Network Security Market Outlook, By Organization Size (2022-2030) ($MN)
22 Global Network Security Market Outlook, By Small and Medium-Sized Enterprises (2022-2030) ($MN)
23 Global Network Security Market Outlook, By Large Enterprises (2022-2030) ($MN)
24 Global Network Security Market Outlook, By End User (2022-2030) ($MN)
25 Global Network Security Market Outlook, By BFSI (Banking, Financial Services, and Insurance) (2022-2030) ($MN)
26 Global Network Security Market Outlook, By Government & Defense (2022-2030) ($MN)
27 Global Network Security Market Outlook, By Healthcare (2022-2030) ($MN)
28 Global Network Security Market Outlook, By IT & Telecom (2022-2030) ($MN)
29 Global Network Security Market Outlook, By Retail (2022-2030) ($MN)
30 Global Network Security Market Outlook, By Energy & Utilities (2022-2030) ($MN)
31 Global Network Security Market Outlook, By Manufacturing (2022-2030) ($MN)
32 Global Network Security Market Outlook, By Education (2022-2030) ($MN)
33 Global Network Security Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
