Network Security Software Market Poised to Hit $49.36 Billion by 2029 with Accelerating Growth Trends

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How Large Will the Network Security Software Market Size By 2025?
The market size for network security software has been rapidly expanding in the past few years. It's projected to surge from $27.33 billion in 2024 to $30.84 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 12.8%. This notable growth during the historic period can be associated with escalating cyber threats, adherence and concerns relating to data privacy, the upsurge in remote working tendencies, initiatives for digital transformation, high-impact data security breaches, and the pressing need for continuous surveillance.

How Big Is the Network Security Software Market Size Expected to Grow by 2029?
Anticipated to witness swift expansion in the upcoming years, the network security software market is projected to surge to a value of $49.36 billion by 2029, with a compound annual growth rate (CAGR) of 12.5%. The surge during the prediction period can be credited to an intensifying emphasis on cloud security, alterations in regulation and cybersecurity norms, a boom in remote work circumstances, the escalating complexity of cyber threats, and a focus on user and entity behavior analytics (UEBA). The forecast period is also expected to see significant trends like zero trust architecture, threat detection powered by artificial intelligence, cloud-centric security solutions, integration of identity and access management (IAM), IoT security provisions, and behavioral analytics.

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Which Key Market Drivers Powering Network Security Software Market Expansion and Growth?
The proliferation of cyber attacks is likely to stimulate the expansion of the network security software market. Cyber attacks represent potential threats to information systems, networks and computer infrastructure. Network security software plays a crucial role in cybersecurity by serving as a blockade between the internal network and the outside world, enabling only authorized traffic to get through. For instance, the 2023 ASD Cyber Threat Report by the Australian Signals Directorate, an Australian federal agency, reported in November 2023 that almost 94,000 cybercrime reports were filed with ReportCyber during the 2022-23 fiscal year. This shows a 23% increase from the previous year. Hence, the escalating number of cyber attacks is fuelling the growth of the network security software market.

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Which Fast-Growing Trends Are Poised to Disrupt the Network Security Software Market?
Leading companies in the network security software market are creating software such as AI Network Security software to gain a competitive advantage. The term "AI Network Security software" refers to solutions that use Artificial Intelligence (AI) and Machine Learning (ML) to automate and improve various network security aspects. For instance, Vehere, a cybersecurity software firm based in the United States, rolled out NDR 1.4.1, a network security software, in January 2024. This AI-enhanced solution merges Network Detection & Response (NDR) and Network Forensics features. It leverages AI and machine learning to assess network traffic and user behavior for superior threat detection, including but not limited to malware, data breaches, and insider threats.

What Are the Emerging Segments in the Network Security Software Market?
The network security softwaremarket 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, Healare, 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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Who Are the Global Leaders in the Network Security Software Market?
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 are the Top Profitable Regional Markets for the Network Security Software Industry?
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.

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