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Major Force in the Network Security Software Market 2025: Rising Cyber Attacks Drive Growth In Network Security Software Market
How Will the Network Security Software Market Grow, and What Is the Projected Market Size?The network security software market has expanded significantly in recent years. It is expected to grow from $27.33 billion in 2024 to $30.84 billion in 2025, with a CAGR of 12.8%. Factors contributing to its historical growth include rising cyber threats, heightened concerns over compliance and data privacy, the shift to remote work, digital transformation efforts, major data breaches, and the growing need for continuous monitoring solutions.
The network security software market is projected to grow rapidly, reaching $49.5 billion by 2029 at a CAGR of 12.6%. This growth is fueled by an increased focus on cloud security, evolving regulations and cybersecurity standards, expanded remote work scenarios, more sophisticated cyber threats, and an emphasis on user and entity behavior analytics (UEBA). Major trends include the rise of zero trust architecture, AI-powered threat detection, cloud-based security solutions, IAM integration, IoT security, and behavioral analytics.
What Key Elements Are Boosting Growth in the Network Security Software Market?
The escalating frequency of cyberattacks is anticipated to boost the growth of the network security software market. Cyberattacks involve potential threats and risks to information systems, networks, and digital infrastructure. Network security software plays a pivotal role in cybersecurity by acting as a protective barrier that filters out unauthorized traffic while permitting legitimate communication. For example, in November 2023, the Australian Signals Directorate's 2023 ASD Cyber Threat Report indicated that nearly 94,000 cybercrime reports were submitted to ReportCyber during the 2022-2023 financial year, reflecting a 23% increase from the previous year. As a result, the growing frequency of cyberattacks is driving the expansion of the network security software market.
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Who Are the Major Industry Players Fueling Network Security Software Market Expansion?
Major companies operating in the network security software market report are AT&T Inc., International Business Machines Corporation, Cisco Systems Inc., Broadcom Inc., Palo Alto Networks Inc., Juniper Networks Inc., Open Text Corp., Fortinet Inc., Check Point Software Technologies Ltd., Trend Micro Inc., Kaspersky Lab, SolarWinds Corporation, FireEye Inc., Qualys Inc., SonicWall, Avast PLC, McAfee LLC, AO Kaspersky Lab, FireMon LLC., GFI USA Inc., SOFTWIN SRL, Enterprise Security, Symantec Corporation, WatchGuard Technologies Inc., Musarubra US LLC
Which Key Developments Are Influencing the Network Security Software Market?
Major companies in the network security software sector are enhancing their offerings by developing advanced solutions like AI-powered network security software to maintain a competitive advantage. AI Network Security software integrates Artificial Intelligence (AI) and Machine Learning (ML) to automate and improve various network security functions. For example, in January 2024, Vehere, a US-based cybersecurity software company, introduced NDR 1.4.1, a network security software solution. This AI-driven technology merges Network Detection & Response (NDR) with Network Forensics to analyze network traffic and user behavior, ensuring advanced threat detection against malware, data breaches, and insider threats.
How Is the Segmentation of the Network Security Software Market Defined?
The network security software market covered in this report is segmented -
1) By Type: Firewalls, Antivirus And Anti-Malware Software, Virtual Private Network(VPN), Wireless Security, Other Types
2) By Deployment: On-Premises, Cloud
3) By Organization Size: Small Enterprises, Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Vertical: Aerospace And Defense, Government, Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecommunication, Healthcare, Retail, Manufacturing, Energy And Utilities, Other Verticals
Subsegments:
1) By Firewalls: Network Firewalls, Next-Generation Firewalls (NGFW), Web Application Firewalls (WAF), Host-Based Firewalls
2) By Antivirus And Anti-Malware Software: Traditional Antivirus Software, Advanced Anti-Malware Solutions, Endpoint Protection Platforms (EPP), Threat Detection And Response Software
3) By Virtual Private Network (VPN): Remote Access VPN, Site-To-Site VPN, SSL VPN, VPN Client Applications
4) By Wireless Security: Wireless Intrusion Prevention Systems (WIPS), Wireless Access Control Solutions, Secure Wi-Fi Solutions, Wireless Network Monitoring Tools
5) By Other Types: Intrusion Detection And Prevention Systems (IDPS), Data Loss Prevention (DLP) Software, Security Information And Event Management (SIEM) Solutions, Cloud Security Solutions
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What Is the Leading Region in the Network Security Software Market?
North America was the largest region in the network security software market in 2024. The regions covered in the network security software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Network Security Software Global Market Report?
- Market Size Analysis: Analyze the Network Security Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Network Security Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Network Security Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Network Security Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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