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Network Security Market Set to Grow Exponentially During the Forecast 2016 - 2026

08-19-2017 09:52 AM CET | IT, New Media & Software

Press release from: Persistence Market Research

Network Security Market Set to Grow Exponentially During

Network Security Market: Drivers and Challenges

The major factor driving Network security market is the growing need of security solutions for cloud technology. Due to heavy use of virtualization, threats such as malware or defective process are reducing the efficiency of the hypervisor. This has encouraged Network security solution providers to offer advanced Network security solutions such as Firewall to scan every byte of each packet on all the network traffic. This Network security solution strengthens cloud-based security by providing additional benefits such as malware protection, detection of intrusion, policy violation data theft and other security measures.

The key challenge in the Network security market is the rising demand for solutions that can support BYOD approach. With the introduction of BYOD policy companies allow their employees to access business information through their personal devices and to follows open and interconnected network policy. This creates difficulty for network security solution to understand if the action has been taken up by the device, machine or human. Many network security solution providers are working towards the development of intelligent security solution that can secure information not only the device or communication pathway.

Another restraint in Network security is the vulnerability to cyber-attack. This has badly affected operating system of the companies as many organizations are running their network connected devices without network security updates, faces the problem of vulnerability to viruses, theft and data loss along with cloud Integration and connectivity. This have given hackers and cyber-attackers an easy access to the organization’s network. To secure network, timely detection, removal of viruses and control is needed. It is necessary to identify and fix the issues related to network performance and reliability.

Key Contracts and Key Players:

In June 2016, Fortinet, a security solution provider has acquired AccelOps, a network security monitoring, and analytics company. This acquisition helps to provide more efficient network security solutions for automated threat prevention feature.

In June 2016, Barracuda networks has entered into the distribution agreement with Synnex Australia to increase its presence in APAC region by offering cloud backup and storage solutions, and disaster recovery solution in Australia and New Zealand.

In March 2016, TrendMicro has acquired TippingPoint, network security Solution Company from HPE. This acquisition strengthens TrendMicro’s vulnerability management, threat protection, and advance network solution capabilities.

In Network Security market there are many other solution providers some of them are PaloAlto Networks, Sonicwall, McAfee, CheckPoint Software Technologies, AT&T, Microsoft, Cisco, Optiv Security Inc., Juniper and Siemens.

About Us

Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

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