marketreportsupdates (85)

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Network Security Market Worth USD 248.26 Billion
USD by 2026
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Market Size USD 248.26 Billion in 2019, Market
Growth - CAGR of 10.2 between 2019 and 2026,
Market Trends Extensive demand for cloud-based
network security solutions by SMEs
Market Summary
The Network Security Market is expected to grow
from USD 152.71 billion in 2018 to USD 248.26
billion by 2026, at a CAGR of 10.2 during
2018-2026. The primary factors driving the rise
of the market are stringent data protection
instruction and growing cyber terrorism. Increase
in the usage of network security solutions by
SMEs, increasing demand for workforce mobility,
and the growing landscapes of servers resulting
in the deployment of innovative and up-to-date
network security solutions Other factors such as
the rising penetration of mobile devices and the
demand for encrypted security solutions are
expected to drive.

• Further key findings from the report suggest
• The Network Security Market is expected to grow
  from USD 152.71 billion in 2018 to USD 248.26
  billion by 2026, at a CAGR of 10.2 during
  2018-2026. The primary factors driving the rise
  of the market are stringent data protection
  instruction and growing cyber terrorism.
• On the basis of product type, the intrusion
  detection/prevention system (IDS/IDP) is expected
  to grow at a higher CAGR during the forecast
  period. The major factors attributed to the
  growth of the market are the growing need to
  implement network security, due to the increasing
  use of smartphones is boosting the market growth.
  Additionally, new products and the increasing
  number of applications are likely to encourage
  growth in the near future.

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Market Summary
Key Players
Major players in the Network Security Market are
Symantec Corp. (US), McAfee (US), Sophos Ltd.
(UK), Ruckus (US), Motorola Solutions (US),
Juniper Solutions (US), Fortinet (US), Cisco
Systems Inc. (US), Brocade Communications Systems
Inc. (US), Aruba Networks (US), Aerohive (US),
Honeywell (US).
Segmentation
Global Network Security Market, By Product
(Revenue, USD Million 20162026) Intrusion
Prevention System (IPS) Application Control URL
Filtering Anti-Bot Web Security Anti-Spam and
Email Security Acceleration and Clustering Global
Network Security Market, By Services (Revenue,
USD Million 20162026) Network Security Market
share by Services, 2019 2026 Managed Security
Services
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Market Summary

• Regional Outlook for Assessment Services Market
  analyses the following geographies
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, UK, Russia, and Italy)
• Asia-Pacific (China, Japan, Korea, India, and
  Southeast Asia)
• South America (Brazil, Argentina, Colombia, etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt,
  Nigeria, and South Africa)

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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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