The global network security market size reached US$ 29.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 76.2 Billion by 2028, exhibiting a growth rate (CAGR) of 15.5% during 2023-2028. More Info:- https://www.imarcgroup.com/network-security-market

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Global Network Security
Market Research and
Forecast Report 2023-2028
Author: Elena Anderson,
Marketing Manager |
IMARC Group
© 2019 IMARC All Rights Reserved

2. Report Description
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3. Report Description
Report Description and Highlights
Global Network Security Market Research Report:
The latest report by IMARC, titled “Network Security Market: Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2023-2028” the global network security market size reached US$
29.9 Billion in 2022.
Network security is a set of processes and technologies intended to protect computer systems,
devices, and their data from unauthorized access, theft, damage, or misuse, and is considered an
essential component of modern technology. Data integrity and access to authorized individuals or
devices are ensured by network security, which prevents sensitive information from being accessed by
anyone but authorized users. It operates in three major steps: authentication, authorization, and
encryption, where data is converted into an unreadable format. Network security also provides firewall
and malware protection that monitors and filters incoming and outgoing network traffic and detect
and remove malicious programs. It offers several advantages, including enhanced protection of
customer information, financial data, and intellectual property, mitigating phishing and DDoS attacks,
and ensuring compliance with legal and regulatory requirements regarding data protection, privacy,
and security in an organization.
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market/requestsample

4. Report Description
Report Description and Highlights
Global Network Security Market Trends:
The global market is majorly driven by a considerable rise in the frequency and severity of threats and cyber-attacks.
This can be attributed to the paradigm shift towards online operations from offline mode in the numerous end-use
industries. In line with this, the growing adoption of cloud computing among large as well as small- and medium-
scale organizations is resulting in an augmenting demand for advanced network security solutions to secure the cloud
storage. Additionally, the significant increase in remote working resulting in a higher vulnerability of data to various
threats is impacting the market positively. Continual upgradations in the security solutions, such as the integration of
artificial intelligence (AI) and machine learning (ML) to stay ahead of emerging threats, are also creating lucrative
opportunities in the market. Besides this, the proliferation of the Internet of Things (IoT) is resulting in a higher usage
of connected devices among the masses, which, in turn, is fueling the market growth.
Also, rise in investments by numerous organizations to comply with specific regulations and security measures to
ensure sensitive data protection is acting as a significant growth-inducing factor for the market. Some of the other
factors contributing to the market include rapid urbanization and digitization, the advent of Industry 4.0, and
extensive research and development (R&D) activities conducted by the key players. On account of the
aforementioned factors, the market is anticipated to reach a value of US$ 76.2 Billion by 2028, exhibiting a CAGR of
15.5% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period
(2023-2028).

5. Report Description
Report Description and Highlights
Market Summary:
Breakup by Component:
• Solutions
• Firewalls
• Antivirus/Antimalware
• Network Access Control (NAC)
• Data Loss Prevention
• IDS/IPS
• Secure Web Gateways
• DDoS Mitigation
• Unified Threat Management
• Others
• Services
• Professional Services
• Managed Services
Breakup by Deployment Mode:
• Cloud-based

6. Report Description
Report Description and Highlights
• On-premises
Breakup by Organization Size:
• Large Enterprises
• Small and Medium-sized Enterprises
Breakup by Industry Vertical:
• IT and Telecommunication
• BFSI
• Aerospace and Defense
• Government
• Healthcare
• Retail
• Manufacturing
• Energy and Utilities
• Others
Breakup by Region:
• North America
• United States

7. Report Description
Report Description and Highlights
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico

8. Report Description
Report Description and Highlights
• Others
• Middle East and Africa

9. Competitive Landscape with Key Players:
• AT&T Inc
• Avast Software s.r.o.
• Broadcom Inc.
• Cisco Systems Inc.
• Fortinet Inc.
• International Business Machines Corporation
• Juniper Networks Inc.
• NortonLifeLock Inc.
• Palo Alto Networks Inc.
• SonicWall
• Trellix (Symphony Technology Group)
• Trend Micro Incorporated
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/network-security-market
Report Description
Report Description and Highlights

10. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

11. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

12. Report Description
Report Description and Highlights
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