Network Security Market Analysis: Trends, Opportunities and Future Outlook 2027

1. Network Security Market Analysis: Trends, Opportunities and Future Outlook 2027 As per the report, the global network security market was pegged at $18.48 billion in 2019, and is estimated to reach $63.39 billion by 2027, growing at a CAGR of 16.7% from 2020 to 2027. Network security includes many technologies, devices, and processes aimed at safeguarding the integrity, confidentiality, and accessibility of computer networks and data. It involves the implementation of rules and configurations through both software and hardware technologies. Regardless of an organization's size, industry, or infrastructure, the necessity for network security solutions is paramount to defend against the constantly evolving landscape of cyber threats. The ongoing pandemic has provided cybercriminals with an opportunity to exploit vulnerabilities in remote work setups, capitalizing on public concerns related to the coronavirus. In response, organizations are increasingly investing in and enhancing their network security infrastructure to adapt to the challenges posed by remote working environments. This trend signals a promising and stable growth opportunity for the global network security market. Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.alliedmarketresearch.com/request-sample/10971 Rise in level of cybercrimes, higher economic losses, and increase in data safety and privacy concerns drive the growth of the global network security market. However, high setup costs hinder market growth. On the contrary, the increase cyber-attacks

2. during the Covid-19 pandemic and growth in digitalization trends across the globe are expected to open lucrative opportunities for the market players in the future. The landscape of network security is fiercely competitive, featuring numerous regional and global vendors vying for dominance based on factors such as solution and service costs, product reliability, efficiency, and support services. The market is currently dominated by major players, collectively holding 40-45% of the market share, and this level of concentration is expected to persist in the forecast period. The continuous evolution of network technology, encompassing advancements like optical fiber integration and high-end wireless connectivity, has facilitated widespread internet accessibility for ordinary users. This convergence of smartphone usage and internet access has significantly boosted the demand for e- commerce, resulting in a market valuation of $1 trillion (about $3,100 per person in the US). The majority of e-commerce activities necessitate secure platforms and rigorous transaction validation processes. Inquiry Before Purchasing The report focuses on the growth prospects, restraints, and network security market analysis. The study provides Porter’s five forces analysis of the network security industry to understand impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the network security market trends. Impact of Covid-19 on Network Security Market: •Due to strict lockdown regulations, most companies adopted work from home culture, increasing the risk of cyber threats and cybercrime. This increased the demand for network security. •During the pandemic, more and more companies have been investing in cybersecurity and network security to offer remote workforce support.

3. •The demand for network security from the healthcare sector increased due to Covid-19 pandemic as the network traffic from hospitals increased exponentially. Buy Network Security Market Report Key Questions Answered in the Intelligent Study •What is the market size and growth rate of the global and regional market by various segments? •What is the market size and growth rate of the market for selective countries? •Which region or sub-segment is expected to drive the market in the forecast period? •What Factors are estimated to drive and restrain the market growth? •What are the key technological and market trends shaping the market? •What are the key opportunities in the market? •What are the key companies operating in the market? •Which company accounted for the highest market share? Segmental Analysis: By Solution •Firewall •Antivirus/Antimalware •Network Access Control (NAC) •Data Loss Prevention •IDS/IPS •Secure Web Gateways •DDoS Mitigation •Unified Threat Management

4. •Others By Industry Vertical •Aerospace and Defense •Government •Banking, Financial Services, And Insurance (BFSI) •Information Technology (IT) and Telecommunication •Healthcare •Retail •Manufacturing •Energy and Utilities •Others By Service •Professional Services •Managed Services By Region •North America (U.S., Canada) •Europe (Germany, UK, France, Rest of Europe) •Asia-Pacific (Japan, China, India, Rest of Asia-Pacific) •LAMEA (Latin America, Middle East, Africa) Major Market Players: •Cisco Systems •Solarwinds •IBM •Trend Micro •FireMon

5. •Symantec •FireEye •GFI Software •Avast Software •Juniper Networks About Us: Allied Market Research (AMR) is a full-service market research and business- consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains. Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa 5933 NE Wi Toll-Free: 1-800-792-5285 UK: +44-845-528-1300n Sivers Drive #205, Portland, OR 97220 United States Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com

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