The latest report published by Report Ocean, titled “Network Security Market”: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023 to 2031,” offers a comprehensive assessment of the industry, including valuable insights into market trends. The report encompasses competitor and regional analysis, as well as the latest developments in the market. It serves as an excellent resource for investors, researchers, consultants, marketing strategists, and anyone planning to enter the market in any capacity.
In terms of operations, every sector has been focusing on analytics to predict their future trend and growth perspective. For this purpose, large amount of data have been stored either on local storage or third party cloud systems, this has increased the overall risk of cyberattacks, creating a strong portfolio for network security market. Network Security protects user network and data from breaches, intrusions and other threats. Network Security involves access control, virus and antivirus software, application security, network analytics, types of network-related security (endpoint, web, and wireless), firewalls, VPN encryption and more.
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KEY MARKET PLAYERS
– Cisco Systems
– Solarwinds
– IBM
– Trend Micro
– FireMon
– Symantec
– FireEye
– GFI Software
– Avast Software
– Juniper Networks
Globally, smartphone penetration has reached a spike and is estimated to alleviate, thereby achieving a twofold growth during the forecast period. With the advancement in the network technology right from integration of optical fiber and high-end wireless connectivity, has led to easy availability of internet to the normal users. This dual combination of smartphone and internet has surged the demand for e-commerce, creating a market value of $1 trillion, thereby creating a lucrative opportunity for the overall market growth during the forecast period.
Factors such as huge focus on data safety and privacy, have emerged as one of the striking factors driving the market growth. Furthermore, rise in incidences of cybercrimes coupled with huge loss has also mandated the need for effective network security solutions. However, the huge setup cost and high level of expertise required within the operations is mainly creating a staggering effect on the market. Growth of digitalization in a global manner and rapid increase in the number of cyber-attacks within the pandemic period has boosted the market growth.
The network security market is mainly segmented on the basis of component, solution, services, deployment, organization size, industry vertical and region. Based on component, the market is segmented into solution and services. Based on solution the market is segmented into Firewall, Antivirus/Antimalware, Network Access Control (NAC), Data Loss Prevention, IDS/IPS, Secure Web Gateways, DDoS Mitigation, Unified Threat Management and Others, while on the basis of services the market is segmented into professional and managed services. Based on deployment, the market is segmented into on premise and cloud, while on the basis of organization size the market is segmented into small and medium enterprise and large enterprise. Based on industry vertical, the market is segmented into aerospace and defense, government, banking, financial services, and insurance (BFSI), information technology (IT) and telecommunication, healthcare, retail, manufacturing, energy and utilities and others. By region, the market is studied across North America, Europe, Asia-Pacific and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the network security market along with current trends and future estimations to elucidate imminent investment pockets.
– Information about key drivers, restraints, and opportunities and their impact analysis on the market size is provided in the report.
– Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
– The quantitative analysis of network security market for the period 2020-2027 is provided to determine the market potential.
KEY MARKET SEGMENTS
By Component
– Solution
– Services
By Deployment
– On-premise
– Cloud
By Solution
– Firewall
– Antivirus/Antimalware
– Network Access Control (NAC)
– Data Loss Prevention
– IDS/IPS
– Secure Web Gateways
– DDoS Mitigation
– Unified Threat Management
– Others
By Service
– Professional Services
– Managed Services
By Organization Size
– Large Enterprise
– Small and Medium Enterprise
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
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BY REGION
– North America
o U.S.
o Canada
– Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe
– Asia-Pacific
o China
o India
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa
Table of Content
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Several Client Questions and Our Responses 
➣ Ques: Does this research take the market impact of COVID-19 and the Russia-Ukraine conflict into account?
YES. We carefully analyzed their impact during our research due to the substantial effects of the COVID-19 epidemic and the Russia-Ukraine conflict on the global supply chain and raw material price system. We analyze these events’ effects on the iPad POS Systems Industry in detail in each of the chapters. ➣ Ques: How did you come up with the list of important figures for the report? Our goal is to give a thorough grasp of the industry’s competitive landscape. To do this, we examine not only the major international players but also the smaller and medium-sized regional businesses that are actively involved and have tremendous growth potential.
“Please refer to Summary for the list of key players.”➣ Ques: What are your primary data sources?
- When putting together the study, we consult both primary and secondary data. You can divide the sources of data used in this study into primary and secondary sources. In-depth interviews with significant industry figures, such as seasoned employees, directors, CEOs, and marketing professionals, constitute primary sources. Input is also obtained from end users and downstream distributors. Comparatively, secondary sources entail studying the annual and financial reports of leading corporations as well as publicly accessible records and publications. Additionally, the project requires working with a few outside datasets.
“Please refer to the Chapters for a more comprehensive list of data sources.” ➣ Ques: Is it possible for me to change the report’s scope and tailor it to meet my needs? Yes. Our customers may more accurately comprehend market possibilities, more easily face market problems, more appropriately create market strategies, and act quickly with the support of customized requirements of multi-dimensional, deep-level, and high-quality. This gives them enough time and space for market competition.
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