Global Network Security Market

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Global Network Security Market


The Global Network Security Market size is expected to reach US$ XX Mn. by 2026 from US$ XX Mn. in 2019, at a CAGR of XX% during the forecast period.

 

Global Network Security Market1

The report covers the detailed analysis of the global network security industry with the classifications of the market on the basis of type, organization size,end-user, deploymentand region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players contribution in it.

The report has profiled major key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in North America region. Major country’s policies about manufacturing and its impact on market demand are covered in the report.
Global Network Security Market Dynamics

Increasing cyber threatsto drive the market

In recent times most businesses or enterprises are moving towards digitalization. Digital transformation including cloud adoption, SD-WAN, and IoT as well as the adoption of another emerging tech, is creating and expanding new and sometimes unexpected means of attack. When your business is connected to the Internet, LAN, or other methods, then the most crucial aspect for your business success and security is network security. A stable and secure network security system helps businesses from falling victim to theft confidential data and information. Investments in network security allow organizations to understand their level of cyber resilience based on critical business assets, their threat landscape, and the maturity of their cyber capabilities. As result, increasing cyber threats is the major growth driver of the network security market.

Low security budget to restrain the market

The installation cost is quite high due to this many small and micro businesses cannot afford as they do not keep a budget for network security, which is expected to restrain the market growth.

Global Network Security Market Segment Analysis

Global Network Security Market

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According to the global network security market report, large enterprises are expected to hold the largest market share of XX% of the global network security market by 2026. As the enterprise has a large and complex network, which relies on numerous connected endpoints. A network attack is attempted to gain unauthorized access to an organization’s network, with the objective of stealing data or perform other malicious activity. In 2018, there were over 350,000 new viruses created, and most companies struggle to keep up with the high level of threats that can compromise their email. Cybercriminals use ransomware, malware, and phishing to steal confidential information or data. Hackers also attack SMEs to exploit private data as result, SMEs suffer major losses financially. To prevent data loss and information theft mostly enterprises are shifting to adopt network security solutions, which is expected to boost the market across the globe.

Global Network Security Market1

BFSI industry held the largest market share of XX% of the global market in 2019 as it contains a large amount of confidential data and personal information. Most banking-financeservice Industries and their corresponding back-end operations have now become digital. With all this growing technology attackers are actively looking for their prey for the malicious cyber-attacks, phishing, malware, and bots in the major and sensitive data of banking and financial systems. According to Deloitte India report, the banking industry is the most targeted segment, with the sector faced nearly 22% of cyber security attacks in India in 2018-19. Many cybercriminals prefer to target online and mobile banking systems. Besides, Cyber attacker manages to hijack customer and employee’s information detail and use them to penetrate the security system of the bank under cover of the dark web to steal bank data and money, which led the industry to adopt network security solutions. As result the BFSI industry is expected to give a massive boost to the network security market across the globe.
Global Network Security Market Regional Insights

Global Network Security Market2

North America is expected to grow at CAGR of XX% during forecast period

The market growth in North America is increasing due to investment by the key players and merger & acquisition in the network security market, for instance, Cisco Systems, Inc. has acquired Duo Security, and with this acquisition the company has a strong market position in North America. In the US the presence of key players and strong product portfolio and customer base has encouraged many companies for example Cisco, McAfee, and Kaspersky among others to invest more in R&D for the development of cloud-based solutions of network security.

Europe is expected to witness significant growth during the forecast period due to the implementation of a new EU cyber security strategy by the European Commission and High Representative of the Union for Foreign Affairs and Security Policy at the end of 2020. The upcoming Digital Europe program, for the period 2020-2026, is an ambitious program that plans to invest US$2.26 billion into cyber security capacity and the wide deployment of cyber security infrastructures and tools across the EU for public administrations, businesses, and individuals.

In the Asia Pacific, the network security market is expected to hold a large market share followed by North America and Europe. The market growth is due to increasing digitalization and the adoption of secure networking solutions. Cybersecurity Market in India Rise to US$3.05 Bn by 2022.

The objective of the report is to present a comprehensive analysis of the global network security market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SWOT, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding global network security market dynamics, structure by analyzing the market segments and project global network security market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global network security market make the report investor’s guide.
Global Network Security Market scope: Inquire before buying

Global Network Security Market3
Global Network Security Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
Global Network Security Market Key Players

• Cisco
• SolarWinds
• IBM
• Trend Micro
• FireMon
• Symantec
• FireEye
• GFI Software
• Avast Software
• WatchGuard
• Bitdefender
• Webroot
• AT&T
• Qualys
• Juniper Networks
• Hewlett Packard Enterprise Co.
• Honeywell International Inc.
• NortonLifeLock Inc.
• Siemens
• CyberGuard
• NetScreen
• Lucent
• McAfee
• Forttinet Inc.
• Kaspersky

 

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This Report Is Submitted By : Maximize Market Research Company
About Us:
Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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