Network Security Market To Demonstrate Inclination Towards Positive Axis By 2031 | Cisco Systems, Solarwinds, IBM, Trend Micro, FireMon, Symantec, FireEye, GFI Software, Avast Software

According to a new market research report published by Global Insight Services " Network Security Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Network security is the practice of protecting networked systems, including the hardware and software that make up those systems, from unauthorized access or misuse.

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Top Key Players in Network Security market: Cisco Systems, Solarwinds, IBM, Trend Micro, FireMon, Symantec, FireEye, GFI Software, Avast Software

Key Trends

Cloud-based security solutions are becoming increasingly popular due to their scalability and flexibility. AI and machine learning are being used more and more for security purposes such as intrusion detection and prevention, and malware analysis. Biometrics are being used more and more for authentication and authorization, as they provide a more secure way of verifying someone's identity. Encryption is being used more and more for data protection, as it ensures that data is only accessible to those who have the correct decryption key.

Key Drivers

The key drivers of network security market are the increasing number of cyber-attacks, the rising number of connected devices, and the increasing adoption of Bring Your Own Device (BYOD) trend.The increase in the number of connected devices will lead to an increase in the number of entry points for cyber-attacks. The BYOD trend is also contributing to the growth of the network security market. BYOD refers to the trend of employees using their own devices for work purposes. The BYOD trend is increasing the risk of data breaches, as employees devices may not be as secure as the organization's network.

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Market Segments

The network security market report is bifurcated on the basis of component, deployment mode, organization size, end-user, and region. On the basis of component, it is segmented into solution and services. Based on deployment mode, it is analyzed across on-premises and cloud. By organization size, it is categorized into large enterprise, and small & medium enterprise. By end-user, it is divided into aerospace & defense, government, manufacturing, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Reasons to buy Network Security Report:

Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
Develop business and M&A strategies through understanding of latest trends and emerging players in the market
Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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Key Questions answered in the report:

How is the market structured and what the key drivers and trends of this industry?
How is the market segmented and what is the size of each segment?
Which segments and geographies provide best growth opportunities?
What's the competitive landscape and positioning of players in this market?
What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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