Network Security Market 2021 Business Overview, Challenges, Opportunities Analysis to 2027 – Queen Anne and Mangolia News

Network Security Market 2021 Business Overview, Challenges, Opportunities Analysis to 2027 – Queen Anne and Mangolia News

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Network security market: By Component (Solutions (Firewall Security, Virus/Malware Protection, Network Access Control (NAC), Data Loss Prevention, Data Encryption, URL and Content Filtering, IDS/IPS, Web Gateways Security, Advanced Threat Detection, Vulnerability Scanning and Management, Sandboxing), Services (Professional Managed Services), by Deployment Mode (On-premises, Cloud), by Organization Size (Small and Medium Businesses (SMBs), Large Enterprises ), by end-user industries (aeronautics and defense, government, banking, financial services and insurance (BFSI), information technology (IT) and telecommunications, health care, retail, manufacturing, energy and utilities), and by region : global industry sizing, growth, trend, opportunity and forecast (2021– 2027)

The Network Security Market report covers a comprehensive analysis of market dynamics, business models, regional/segmental analysis, and respective market shares and strategies adopted by key market players operating in the global market. It involves an in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and by segment. The report study will present one of the most comprehensive analyzes in the market, capturing all aspects of the network security market.

Network Security Industry Insights

The global network security market size is projected to grow from $25.4 billion in 2020 to $57.4 billion by 2027, at a CAGR of 14.7% over the forecast period. Network access control (NAC) development and implementation is gaining popularity around the world, aided by features such as incident response, policy lifecycle management, guest network access and access to security posture. Furthermore, the server visualization trend is contributing to the adoption of innovative and modern technologies for network security. These factors will augment the global Network Security market during the forecast period.

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Network security, also called sponsored content, is a type of advertising that matches the form and function of the platform it appears on. Network security is specifically designed not to look like an advertisement, which makes it harder to ignore.

Factors affecting the Network Security Market during the forecast period:

The increasing problems related to network security and privacy are the main constraints of the global network security market. The market is being pushed into growth by an increased number of network-based attacks.

Strict rules and regulations and the need for compliance drive the adoption of new network security software, thus driving the market. The increasing adoption of SaaS and cloud-based security technologies is driving the growth of the market.

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The convergence of advanced deep learning and machine learning capabilities provides numerous growth opportunities for global network security. Furthermore, the increasing demand for integrated security solutions is opening up many new growth prospects for the global market.

High vulnerability to cloud network attacks is hampering the growth of the global market.

  • High innovation costs and budget constraints are the main constraints of the global network security market.
  • High vulnerability hampers market growth to cloud network attacks.
  • The lack of trained cybersecurity professionals and experts to handle and deal with complex security incidents poses significant challenges for the global network security market.

Impact of COVID-19 on Network Security Market:

In the midst of the COVID-19 crisis, the network security market, in the face of foreseeable economic instability, is poised for sustainable growth and development. Network security will become a competitive differentiator for businesses as digital technology becomes a vital aspect of business strategies that consider and renew remote work technologies. Due to lockdowns, some companies require employees to work through the company network from home. During the coronavirus pandemic, excessive use of the Internet would create many opportunities for hackers and data breaches alike.

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Scope of the Report

The report describes the global network security market study based on components, deployment mode, organization size, and end-user industry.

On the basis of component, the network security market has been segmented into:

  • Solutions
    • firewall security
    • Virus/malware protection
    • Network Access Control (NAC)
    • Data Loss Prevention
    • data encryption
    • URL and content filtering
    • IDS/IPS
    • Secure web gateways
    • DDoS mitigation
    • Unified Threat Management
    • web application management
    • Advanced threat detection
    • Vulnerability analysis and management
    • sandboxing
    • Others (Compliance Management, Uniform Resource Locator [URL] Filtering, Network and Software Audit)
  • Services
    • Professional
      • Design and implementation
      • Consultant
      • Training and education
      • Support and maintenance
    • Managed services

Based on the deployment model, the network security market has been segmented into:

Based on the size of the organization, the network security market has been segmented into:

  • Small and Medium Enterprises (SMEs)
  • Big enterprises

Based on the end-user industry, the network security market has been segmented into:

  • Aerospace and Defense
  • Government
  • Banking, Financial Services and Insurance (BFSI)
  • Information Technology (IT) and Telecommunications
  • Health care
  • Retail sale
  • Manufacturing
  • Energy and Public Services
  • Others (ISP hosting, media and entertainment, and transportation and logistics)

Network Security Market: Regional Perspective

The global network security market has been segmented into five geographic regions: North America, Asia Pacific, South America, Europe, Middle East, and Africa. North America, followed by Europe and Asia Pacific, has the largest share of the global network security market. Businesses and enterprises in the region are rapidly adopting network security software solutions to identify and prevent threats at an early stage. Furthermore, Asia Pacific is the fastest growing region and is expected to project the highest CAGR in the global market during the forecast period.

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Key competitors in the global Network Security market include:

The global network security market is highly fragmented, with a large number of players around the world. Key players operating in the global network security market include:

  • Embedded Cisco Systems
  • Incorporated solar winds
  • IBM Corporation
  • Built-in TrendMicro
  • FireMon LLC
  • Symantec Corporation
  • Built-in FireEye
  • GFI Software
  • avast software
  • Surveillance
  • bitdefender
  • embedded webroot
  • Juniper nets incorporated
  • McAfee LLC
  • Built-in Motorola solutions.

The Network Security Market report provides a comprehensive analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional perspective with the market players in the respective segment and region/country. The information concluded in the report includes inputs.

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