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Network Security Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

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from $4,850 150 Pages Fortune Business Insights Pvt. Ltd. April, 2024 FOB18772814
Best Price Guarantee
Price from $4,850
Length 150 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date April, 2024
SKU FOB18772814

Network Security Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Network Security Market


The network security market size was valued at USD 23.83 billion in 2023, and the market is now projected to grow from USD 26.57 billion in 2024 to USD 67.33 billion by 2032, exhibiting a CAGR of 12.3% during the forecast period of 2024-2032.

The fast speed at which the global scale digital learning and remote working was introduced due to the COVID-19 pandemic. Just because of that, we had a high use of e-learning platforms and remote work tools. Markets enjoyed a growth trajectory, as firms in areas such as cybersecurity, cloud computing, and virtual communication experienced significant growth. Some businesses are going to choose remote work permanently, and this process will mean changes in the future employment and technology.

The BYOD factor is bringing with it a growing need for increased advanced network security measures from antivirus software to password protection and even multi-factor authentication. It is critical from this point of view to maintain the safety of the data that is stored in the corporate network through employee's equipment, which is connected to the network. The logistic sector, after all, can be viewed as a ripe low hanging fruit for hackers, which makes a comprehensive network security strategy by the industries an urgent priority. Finally, businesses are predicted to greatly advantage BYOD services deploying for the network security market growth.

Industries are experiencing a sweeping change brought about by the immediate adoption of 5G technology as it provides a speedy and reliable network required for expert applications such as AI, ML, and IoT. Though on the one hand, more data processing capable 5G networks may facilitate the cyber threats and data security risks for both providers and users, on the other hand, they provide the means to build high-bandwidth networks, which would reduce the problems with delays and may allow for the creation of a real-time communication networks. Integration of 5G with IOT applications as for example driverless cars, VR, AR, and smart cities that are all using 5G high speed, all this are fueling the demand for powerful security solutions in these complex integrated environment where data is shared.

Comprehensive Analysis of Network Security Market

The network security market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the industry. The market is categorized into firewalls, antivirus and antimalware software, VPN, wireless security, and others (data loss prevention, intrusion prevention systems).

The North America region lead the network security market share by benefitting a market size of USD 8.76 billion in 2023 due to the rising implementation of these type of security solutions by large enterprises across the region.

The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Cisco System,Inc., Fortinet, Inc., Trend Micro, SonicWall.com, Kaspersky Lab.

In December 2023, IBM Corporation's partnership with Palo Alto Networks aims to enhance end-to-end security postures for clients, offering guidance on evolving security threats. Together, they provide robust cloud security solutions and services to safeguard critical data assets across networks.

Segmentation Table

Attribute Details

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 12.3% from 2024 to 2032

Unit Value (USD billion)

Segmentation By Deployment

Cloud

On-premises

By Type

Firewalls

Antivirus and Antimalware Software

VPN

Wireless Security

Others (Data Loss Prevention, Intrusion Prevention Systems, and Others)

By Enterprise Type

Small and Medium Enterprises (SMEs)

Large Enterprises

By Industry

BFSI

IT and Telecommunications

Retail

Healthcare

Government

Manufacturing

Travel and Transportation

Energy and Utilities

Others (Education)

By Region

North America (By Deployment, Type, Enterprise Type, Industry, and Country)

-U.S. (By Industry)

-Canada (By Industry)

Europe (By Deployment, Type, Enterprise Type, Industry, and Country)

-U.K. (By Industry)

-Germany (By Industry)

-France (By Industry)

-Italy (By Industry)

-Spain (By Industry)

-Rest of Europe

Asia Pacific (By Deployment, Type, Enterprise Type, Industry, and Country)

-China (By Industry)

-Japan (By Industry)

-India (By Industry)

-South East Asia (By Industry)

-Rest of Asia Pacific

Middle East & Africa (By Deployment, Type, Enterprise Type, Industry, and Country)

-GCC (By Industry)

-South Africa (By Industry)

-Rest of the Middle East & Africa

South America (By Deployment, Type, Enterprise Type, Industry, Country)

-Brazil (By Industry)

-Mexico (By Industry)

-Rest of South America


1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Network Security Key Players Market Share/Ranking, 2023
5. Global Network Security Market Size Estimates and Forecasts, By Segments, 2019-2032
5.1. Key Findings
5.2. By Deployment (USD)
5.2.1. Cloud
5.2.2. On-premise
5.3. By Type (USD)
5.3.1. Firewalls
5.3.2. Antivirus and anti-malware software
5.3.3. VPN
5.3.4. Wireless Security
5.3.5. Others (Data loss prevention, Intrusion prevention systems etc.)
5.4. By Enterprise Type (USD)
5.4.1. Small and Medium-sized Enterprises (SMEs)
5.4.2. Large Enterprises
5.5. By Industry (USD)
5.5.1. BFSI
5.5.2. IT and Telecommunications
5.5.3. Retail
5.5.4. Healthcare
5.5.5. Government
5.5.6. Manufacturing
5.5.7. Travel and Transportation
5.5.8. Energy and Utilities
5.5.9. Others (Education, etc.)
5.6. By Region (USD)
5.6.1. North America
5.6.2. Europe
5.6.3. Asia Pacific
5.6.4. Middle East & Africa
5.6.5. South America
6. North America Network Security Market Size Estimates and Forecasts, By Segments, 2019-2032
6.1. Key Findings
6.2. By Deployment (USD)
6.2.1. Cloud
6.2.2. On-premise
6.3. By Type (USD)
6.3.1. Firewalls
6.3.2. Antivirus and anti-malware software
6.3.3. VPN
6.3.4. Wireless Security
6.3.5. Others (Data loss prevention, Intrusion prevention systems etc.)
6.4. By Enterprise Type (USD)
6.4.1. Small and Medium-sized Enterprises (SMEs)
6.4.2. Large Enterprises
6.5. By Industry (USD)
6.5.1. BFSI
6.5.2. IT and Telecommunications
6.5.3. Retail
6.5.4. Healthcare
6.5.5. Government
6.5.6. Manufacturing
6.5.7. Travel and Transportation
6.5.8. Energy and Utilities
6.5.9. Others (Education, etc.)
6.6. By Country (USD)
6.6.1. United States
6.6.1.1. By Industry
6.6.2. Canada
6.6.2.1. By Industry
6.6.3. Mexico
6.6.3.1. By Industry
7. Europe Network Security Market Size Estimates and Forecasts, By Segments, 2019-2032
7.1. Key Findings
7.2. By Deployment (USD)
7.2.1. Cloud
7.2.2. On-premise
7.3. By Type (USD)
7.3.1. Firewalls
7.3.2. Antivirus and anti-malware software
7.3.3. VPN
7.3.4. Wireless Security
7.3.5. Others (Data loss prevention, Intrusion prevention systems etc.)
7.4. By Enterprise Type (USD)
7.4.1. Small and Medium-sized Enterprises (SMEs)
7.4.2. Large Enterprises
7.5. By Industry (USD)
7.5.1. BFSI
7.5.2. IT and Telecommunications
7.5.3. Retail
7.5.4. Healthcare
7.5.5. Government
7.5.6. Manufacturing
7.5.7. Travel and Transportation
7.5.8. Energy and Utilities
7.5.9. Others (Education, etc.)
7.6. By Country (USD)
7.6.1. United Kingdom
7.6.1.1. By Industry
7.6.2. Germany
7.6.2.1. By Industry
7.6.3. France
7.6.3.1. By Industry
7.6.4. Italy
7.6.4.1. By Industry
7.6.5. Spain
7.6.5.1. By Industry
7.6.6. Rest of Europe
8. Asia Pacific Network Security Market Size Estimates and Forecasts, By Segments, 2019-2032
8.1. Key Findings
8.2. By Deployment (USD)
8.2.1. Cloud
8.2.2. On-premise
8.3. By Type (USD)
8.3.1. Firewalls
8.3.2. Antivirus and anti-malware software
8.3.3. VPN
8.3.4. Wireless Security
8.3.5. Others (Data loss prevention, Intrusion prevention systems etc.)
8.4. By Enterprise Type (USD)
8.4.1. Small and Medium-sized Enterprises (SMEs)
8.4.2. Large Enterprises
8.5. By Industry (USD)
8.5.1. BFSI
8.5.2. IT and Telecommunications
8.5.3. Retail
8.5.4. Healthcare
8.5.5. Government
8.5.6. Manufacturing
8.5.7. Travel and Transportation
8.5.8. Energy and Utilities
8.5.9. Others (Education, etc.)
8.6. By Country (USD)
8.6.1. China
8.6.1.1. By Industry
8.6.2. Japan
8.6.2.1. By Industry
8.6.3. India
8.6.3.1. By Industry
8.6.4. South East Asia
8.6.4.1. By Industry
8.6.5. Rest of Asia Pacific
9. Middle East & Africa Network Security Market Size Estimates and Forecasts, By Segments, 2019-2032
9.1. Key Findings
9.2. By Deployment (USD)
9.2.1. Cloud
9.2.2. On-premise
9.3. By Type (USD)
9.3.1. Firewalls
9.3.2. Antivirus and anti-malware software
9.3.3. VPN
9.3.4. Wireless Security
9.3.5. Others (Data loss prevention, Intrusion prevention systems etc.)
9.4. By Enterprise Type (USD)
9.4.1. Small and Medium-sized Enterprises (SMEs)
9.4.2. Large Enterprises
9.5. By Industry (USD)
9.5.1. BFSI
9.5.2. IT and Telecommunications
9.5.3. Retail
9.5.4. Healthcare
9.5.5. Government
9.5.6. Manufacturing
9.5.7. Travel and Transportation
9.5.8. Energy and Utilities
9.5.9. Others (Education, etc.)
9.6. By Country (USD)
9.6.1. GCC
9.6.1.1. By Industry
9.6.2. South Africa
9.6.2.1. By Industry
9.6.3. Rest of Middle East & Africa
10. South America Network Security Market Size Estimates and Forecasts, By Segments, 2019-2032
10.1. Key Findings
10.2. By Deployment (USD)
10.2.1. Cloud
10.2.2. On-premise
10.3. By Type (USD)
10.3.1. Firewalls
10.3.2. Antivirus and anti-malware software
10.3.3. VPN
10.3.4. Wireless Security
10.3.5. Others (Data loss prevention, Intrusion prevention systems etc.)
10.4. By Enterprise Type (USD)
10.4.1. Small and Medium-sized Enterprises (SMEs)
10.4.2. Large Enterprises
10.5. By Industry (USD)
10.5.1. BFSI
10.5.2. IT and Telecommunications
10.5.3. Retail
10.5.4. Healthcare
10.5.5. Government
10.5.6. Manufacturing
10.5.7. Travel and Transportation
10.5.8. Energy and Utilities
10.5.9. Others (Education, etc.)
10.6. By Country (USD)
10.6.1. Brazil
10.6.1.1. By Industry
10.6.2. Argentina
10.6.2.1. By Industry
10.6.3. Rest of South America
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. Check Point Software Technologies Ltd.
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. Cisco Systems, Inc.
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. Musarubra US LLC
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. Fortinet, Inc.
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Juniper Networks, Inc.
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. Kaspersky Lab.
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. Trend Micro
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. Palo Alto Networks, Inc.
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. SonicWall.com
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. WatchGuard Technologies, Inc.
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments

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