Global Network Security Market Size was valued at US$ 21.25 billion in 2021. It is expected to reach a value of US$ 52.89 billion by 2028, at a CAGR of 12.95% over the forecast period (2022 - 2028)

The need for software is being driven by the rise in internet usage and the number of firms in emerging countries. Another development is the use of BYOD services by end-use businesses, which require secure network connections. Businesses in industries like healthcare and retail are additionally concerned about network security. As a result, these industries are implementing cutting-edge security technology to enhance security across all of their operational divisions.

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Major market companies are developing cutting-edge network security products to strengthen their market positions. To safeguard small and medium-sized organizations from sophisticated cyberattacks, Check Point Software Technologies Ltd., for instance, released the comprehensive "quantum spark series" of security gateways in February 2021. The quantum spark series offers a variety of features, including automated threat prevention, flexible network connectivity setup automatically, protection for remote workers and cloud applications, and simple mobile app management. Major companies are also offering a variety of security measures for network infrastructure. As an illustration, Kaspersky launched network protection utilizing practical technologies (OT). Similar to Corsa, which offers Service Providers (SPs) and Managed Security Service Providers (MSSPs) (MSSPs).

During the COVID-19 pandemic epidemic, the majority of workers were connected to secure office networks. Similar to how on-premise installations are more secure than cloud or remote networks, corporations have embraced network security solutions. Additionally, during the pandemic, various industry rivals are focusing on expanding their global presence and market share through strategic partnerships and collaboration. For instance, Cisco Systems, Inc. bought Kenna Security, Inc. in May 2021. This acquisition gives the company a smaller attack surface and quicker threat reaction times.

Read market research report, The Global Network Security Market is segmented based on Type, Industry, Enterprise Size, and Deployment. Based on type the market is further sub-segmented into Firewall, Antivirus/Antimalware, and SWG. Based on Industry the market is further sub-segmented into Aerospace and Defence, Government, Banking, Financial Services, And Insurance (BFSI). Based on Enterprise size the market is further sub-segmented into (Small & medium enterprises and Large Enterprise. Based on Deployment the market is further sub-segmented into On-Premise and Cloud & By Region - Forecast and Analysis 2022-2028" by SkyQuest

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North America is predicted to have the majority of the market share for network security. Additionally, software usage is growing at the quickest rate in the United States. Leading industries that use the program extensively to protect sensitive data include healthcare, BFSI, and retail. Most patent applications have been submitted for market protection in the United States, which is also updating existing software and creating security solutions. This type of security is anticipated to grow in popularity over time in Canada. The market is gradually rising, and Europe is also developing. Over US$707.6 million was invested in the region on network and information security research and innovation. Secure network solutions, professional cyber services, and information risk assessment and management are all services that the majority of firms in the UK provide. On the other hand, the German market is continually expanding.

Over the forecast period, an increase is also expected for the Asia Pacific. China is expanding in the sector and investing in the development of security software. The Chinese government additionally supports daily technological use. As a result, there will be a higher need for secure networks, which will fuel market expansion. Many governments enact security regulations and directives to stop data leaks. Due to increased expenditures in the Middle East and Africa, security solutions have begun to gain traction. One of the committees Saudi Arabia has invested in establishing to deal with security challenges is the Saudi Research and Innovation Network (SRINet), along with the SAFCSP. The governments of Latin America are developing security infrastructure to thwart attacks and data breaches. Most companies in the region concentrate on putting endpoint and network security laws into place.

However, because of the COVID-19 issue, businesses all over the world are now prioritizing e-learning and remote working platforms. According to Check Point Software Technologies Ltd., 80% of businesses have implemented remote working for their workforces, and 74% anticipate doing so indefinitely. As remote working grows more common, business networks have witnessed an increase in access requests. Due to the factor's increased traffic levels, the volume of data encryption traffic entering the company network grew. Therefore, the need for a smart network solution is anticipated to increase. Several businesses are anticipated to use these security solutions more regularly even after the incident.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Global Network Security Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.

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Report Findings
● Drivers- As a result of advancements in technology worldwide, the adoption of digital solutions, connected devices, and IT systems is increasing. The growth of the digital infrastructure makes it possible for users, platforms, and devices to communicate business applications and data.
● Restraint- Threats to their data and a lack of effective data protection are issues that almost every corporation must deal with. In spite of this, companies continue to underinvest in network security measures. This software also requires continuous maintenance and has a high initial setup cost, which is expected to postpone acceptance for a short period of time.

What does this Report Deliver?
• Market Estimation for 20+ Countries
• Global Network Security Market demand by Region, Sub-Region, and Country
• Customization on Segments, Regions, and Company Profiles
• 100+ tables, 150+ Figures
• Global, Regional, and Country-specific Network Security Market Trends
• Comprehensive Mapping of Network Security Market Parameters
• Attractive Investment Proposition in the Global Network Security Market
• Competitive Strategies Adopted by Global Network Security Market Key Players
• Drivers, Restraints, Opportunities, Challenges, and the impact on the Global Network Security Market Size
• Market growth rate till 2028
• Regulatory scenario, regional dynamics, and Global Network Security Market insights of leading countries in each region
• In-depth Market insights by Region and Country
• Market Segmentation Trend Analysis, Opportunities, and Growth
• Porter's five force analysis to know the market's condition
• Pricing Analysis and Global Network Security Market Sales
• Parent market analysis
• Product portfolio benchmarking

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SkyQuest has segmented the Global Network Security Market based on Component, Security, Solution, Services, and Region:

• Global Network Security Market by Component Outlook (Revenue, US$ million, 2021 - 2028)

o Hardware
o Software
o Services

• Global Network Security Market by Security Type Outlook (Revenue, US$ million, 2021 - 2028)

o Endpoint Security
o Cloud Security
o Network Security
o Application Security
o Infrastructure Protection
o Data Security
o Others

• Global Network Security Market by Solution Outlook (Revenue, US$ million, 2021 - 2028)

o Unified Threat Management (UTM)
o IDS/IPS
o DLP
o IAM
o SIEM
o DDoS
o Risk and Compliance Management
o Others

• Global Network Security Market by Services Outlook (Revenue, US$ million, 2021 - 2028)

o Professional Services
o Managed Services

• Global Network Security Market by Deployment Outlook (Revenue, US$ million, 2021 - 2028)

o Cloud-based
o On-premises
• Global Network Security Market by Organization Size Outlook (Revenue, US$ million, 2021 - 2028)

o SMEs
o Large Enterprises

• Global Network Security Market by Application Outlook (Revenue, US$ million, 2021 - 2028)

o IT & Telecom
o Retail
o BFSI
o Healthcare
o Defense/Government
o Manufacturing
o Energy
o Others

• Global Network Security Market by Regional Outlook (Revenue, US$ million, 2021 - 2028)

o North America
• US
• Canada
o Europe
• The UK
• Germany
• Rest of Europe
o Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
o Latin America
• Brazil
• Mexico
• Rest of Latin America
o Middle East & Africa

Key Players in the Global Network Security Market
• Check Point Software Technologies Ltd. (Israel)
• Cisco Systems, Inc. (US)
• FireEye, Inc. (US)
• Fortinet, Inc. (US)
• Juniper Networks, Inc. (US)
• Kaspersky Lab. (Russia)
• McAfee, LLC (US)
• Palo Alto Networks, Inc. (US)
• SonicWall.com (US)
• WatchGuard Technologies, Inc. (US)

About Us-
SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.

Contact Us-
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Website: https://www.skyquestt.com/

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