The GMI Research foresees an escalation in demand for the Network Security Software Market over the forecast period. This is mainly because of their assistance to improve the security of acute information, rising privacy concerns, and the aggravating adoption of cloud-based security technologies.
Introduction of the Network Security Software Market
Network Security Software is formulated to safeguard the data and network from various dangers, including software and hardware. In other words, they offer security by ceasing the risk to penetrate and spread to the network. It is the mixture of different coverings of defense in and at the network.
Key Players of Market:
- Palo Alto Networks
- Microsoft Corporation
- SAP SE
- F5 Networks
Network Security Software Market Dynamics
The accelerating number of malware-attack has raised the security apprehension of data and networks, resulting in the expanding demand of the global network security software market. For instance, Cisco, in Jun 2019, introduced AI-based network analytics to manage users and networks from campus and wide area networks to the data center and (IoT) boundary. Moreover, the strict norms concerned with network protection are strengthening the market size. Besides this, the increasing tendency of Bring Your Own Device (BYOD) is proliferating the market growth. On the other hand, an inflated cost solution is expected to restrain the market growth.
Vertical Segment Drivers
On the basis of vertical, the government is contemplated to continue its dominance during the forecast period. This is because government deals with highly privileged and sensitive information about the country and its people. As per the network security software market share report, this information is easily accessible to be used by the public with the help of modern technologies, such as mobile, social media, and cloud. Moreover, the network security software assists in raising the security of data and analytical information as well as decreasing the incidences of unspecified access, thereby supplementing the market growth.
As per the geographical area, North America is projected to expand at the highest share over the coming years. This is because of the preliminary adoption of network security software solutions and the prevalence of leading vendors offering Distributed Denial of Service (DDoS) protection and moderation. Also, Businesses across the region are progressively using these solutions to recognize and averts threats at the starting stage. Furthermore, the swift economic development in the developing countries and the upgradation in regulatory norms and economic balance are energizing the market demand.
Network Security Software Market Segmentation:
Segmentation by Component
Segmentation by Deployment Type
Segmentation by Organization Size
- Small and Medium-sized Enterprises
- Large Enterprises
Segmentation by Vertical
- IT& Telecommunication
- Aerospace& Defence
- Retail& Manufacturing
Segmentation by Region:
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
About The Organization
GMI is a consulting and market research organization assisting its clients to reach actionable and managerial decisions. The organization, with the help of expert analysts and research teams, offers a detailed market research report and business perception to various SMEs. Our team of research analysts collects all the required information about the sectors using external and internal data basis. We offer step-by-step guidance to our client to comprehend them about the upcoming challenges and opportunities. The team further assists in acknowledging the influence of market size, drivers, growth opportunities, and restraints.