Network Security Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The global Network Security market is expected to grow at a compound annual growth rate (CAGR) of 11.8% during the forecast period (2023-2030). The growing adoption of IoT devices has created a vast network of interconnected devices, expanding the attack surface and introducing new security challenges. Organizations need IoT security solutions to protect these devices from cyberattacks and safeguard the integrity of their IoT networks. The proliferation of IoT devices has dramatically increased the number of potential entry points for cyberattacks. These devices, ranging from smart thermostats and home appliances to industrial control systems and medical devices, often lack the same level of security as traditional IT infrastructure. This creates a vast and vulnerable attack surface that cybercriminals can exploit to gain unauthorized access to networks, steal sensitive data, or disrupt critical operations.

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A Zscaler ThreatLabz study conducted in October 2023 revealed a 400% increase in IoT and OT malware attacks compared to the previous year, highlighting the urgent need for enhanced Zero Trust security measures to safeguard critical infrastructure. The Zscaler ThreatLabz 2023 Enterprise IoT and OT Threat Report disclosed that the manufacturing and education sectors were the most targeted, with education experiencing an almost 1000% rise in IoT malware attacks. The manufacturing industry, heavily reliant on both IoT and OT, emerged as the top targeted sector, enduring the brunt of blocked IoT malware attacks, accounting for 54.5% of all attacks and averaging 6,000 weekly attacks across all monitored devices. Education witnessed a significant increase in IoT malware attacks, with a percentage jump of 961%. Mexico and the United States were the most targeted countries, collectively accounting for 69.3% of attacks.

Market Coverage

• The market number available for - 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Solution Type
o By Deployment Mode
o By End-User Industry
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape includes Check Point Software Technologies Ltd., Cisco Systems, Inc., Fortinet, Inc., McAfee, LLC, Palo Alto Networks, Inc., and others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Network Security Market Report Segment

By Solution Type

• Network Firewalls
• Intrusion Detection/Prevention Systems (IDS/IPS)
• Data Loss Prevention (DLP)
• Web Application Firewalls (WAFs)
• Security Information and Event Management (SIEM)
• Network Access Control (NAC)

By Deployment Mode

• On-Premises
• Cloud-Based
• Hybrid

By End-User Industry

• BFSI
• Healthcare
• IT & Telecommunications
• Retail
• Manufacturing
• Government
• Others (Education, Media and Entertainment)

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Network Security Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Akamai Technologies
• Barracuda Networks, Inc.
• BeyondTrust Corp.
• Broadcom, Inc.
• Cloudflare, Inc.
• CrowdStrike, Inc.
• CyberArk Software Ltd.
• Darktrace Holdings Ltd.
• Deepwatch Inc.
• Entrust Corp.
• F5, Inc.
• Forcepoint

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

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