Network Security Market Research Report to 2026: Top Key Players are Aruba Networks, Aerohive, Honeywell, Juniper Solutions, Motorola Solutions, Ruckus

The primary factors that are driving the growth of this market are the stringent data protection instructions and growing cyber terrorism.

Market Size – USD 248.26 Billion in 2019, Market Growth - CAGR of 10.2% between 2019 and 2026, Market Trends – Extensive demand for cloud-based network security solutions by SMEs

The Network Security Market is expected to grow from USD 152.71 billion in 2018 to USD 248.26 billion by 2026, at a CAGR of 10.2% during 2018-2026. The primary factors driving the rise of the market are stringent data protection instruction and growing cyber terrorism.

Increase in the usage of network security solutions by SMEs, increasing demand for workforce mobility, and the growing landscapes of servers resulting in the deployment of innovative and up-to-date network security solutions

Other factors such as the rising penetration of mobile devices and the demand for encrypted security solutions are expected to drive the market.

Improper security solutions and the difficulty of network infrastructure are the factors restraining the market.

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This report comprises drivers, restraints, opportunities, and challenges pertaining to the network security market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.

Further key findings from the report suggest

• The Network Security Market is expected to grow from USD 152.71 billion in 2018 to USD 248.26 billion by 2026, at a CAGR of 10.2% during 2018-2026. The primary factors driving the rise of the market are stringent data protection instruction and growing cyber terrorism.

• On the basis of product type, the intrusion detection/prevention system (IDS/IDP) is expected to grow at a higher CAGR during the forecast period. The major factors attributed to the growth of the market are the growing need to implement network security, due to the increasing use of smartphones is boosting the market growth. Additionally, new products and the increasing number of applications are likely to encourage growth in the near future.

• Furthermore, on the basis of region, North America is projected to witness progressive growth throughout the forecast period. Technological advancements in the field and increasing innovations are some of the key factors that are estimated to boost the growth of the network security market in North America during the forecast period.

• Major players in the Network Security Market are Symantec Corp. (US), McAfee (US), Sophos Ltd. (UK), Ruckus (US), Motorola Solutions (US), Juniper Solutions (US), Fortinet (US), Cisco Systems Inc. (US), Brocade Communications Systems Inc. (US), Aruba Networks (US), Aerohive (US), Honeywell (US) and ADT Security Services (US).

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Segments covered in the report:
For this report, the market has been divided into segments on the basis of components, connectivity types, organization size, end user and regional analysis.

Global Network Security Market, By Product (Revenue, USD Million; 2016–2026)
• Intrusion Prevention System (IPS)
• Application Control
• URL Filtering
• Anti-Bot
• Web Security
• Anti-Spam and Email Security
• Acceleration and Clustering

Global Network Security Market, By Services (Revenue, USD Million; 2016–2026)
• Network Security Market share by Services, 2019 & 2026
• Managed Security Services
• Security Operation Services
• Consulting Services

Global Network Security Market, By Industry Verticals (Revenue, USD Million; 2016–2026)
• Manufacturing
• Retail
• Aerospace and defense
• Healthcare
• Telecommunication and IT
• Government and Utilities
• Banking financial services and insurance (BFSI)

Global Network Security Market, By Implementation Type (Revenue, USD Million; 2016–2026)
• On-Premise
• Hosted
• Hybrid

Global Network Security Market, By Region (Revenue, USD Million; 2016–2026)
• North America
• Europe
• China
• Japan
• Middle East & Africa
• India
• South America
• Others

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