Global
Network Security Market: Overview
The
global market for network security is witnessing constant growth,
thanks to the increasing visualization of servers resulting in the
adoption of innovative and new network security solutions. In
addition, the rise in the use of network security solutions by
medium- and small-sized businesses across the globe is expected to
accelerate the development of the overall market in the next few
years. The growing demand for workforce mobility, which is projected
to offer improved security solutions in order to protect PDAs,
laptops, and smart phones from cyber-attacks and malwares is further
anticipated to contribute towards the market’s growth.
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The
research study offers a detailed overview of the global network
security market, providing information related to the market
dynamics, which are likely to impact the growth of the market in the
near future. In addition, the growth drivers, barriers, latest
trends, opportunities, and challenges in the global market have been
highlighted to offer a strong understanding of the market.
Global
Network Security Market: Drivers and Restraints
The
tremendously rising use of mobile devices and the rising demand for
integrated security solutions are some of the important factors that
are anticipated to fuel the growth of the global network security
market in the next few years. In addition, a significant rise in the
regulatory compliance requirements is likely to accelerate the growth
of the overall market in the next few years. The growing popularity
of Software as a Service-based network security solutions is
considered as a major factor encouraging the growth of the overall
market.
On
the flip side, the absence of efficient security solutions and
complexity of network infrastructure are estimated to hamper the
growth of the global
network security market. Additionally, threats arising from
open-source network security solutions and technical defects are some
of the other factors predicted to inhibit the market’s growth in
the next few years. Nevertheless, a significant rise in the number of
DDoS attacks and the rising number of mergers and acquisitions are
estimated to contribute towards the growth of the market.
Global
Network Security Market: Key Segmentation
The
global market for network security can be categorized on the basis of
product type into intrusion detection/prevention systems (IDS/IDP),
next generation hybrid solutions, low end hybrid solutions, high end
hybrid solutions, and virtual private network (VPN) gateways. The
increasing need to implement network security, owing to the
increasing use of mobile phone is accelerating the market growth. In
addition, new products and the rising number of applications are
likely to encourage growth in the near future. The share, size, and
the projected growth rate of each segment have been included in the
scope of the research study.
Furthermore,
on the basis of geography, the global network security market can be
divided into four segments. As per the research study, North America
is projected to witness progressive growth throughout the forecast
period. Technological advancements in this field and innovations are
some of the key factors that are estimated to boost the growth of the
network security market in North America in the next few years.
Key
Players Mentioned in the Research Report are:
The
global network security market is predicted to witness progressive
growth throughout the forecast period. The growing emphasis on
technological developments and new product development are
anticipated to offer promising opportunities for market players in
the next few years. Some of the leading players operating in the
network security market across the globe are Enterasys, WatchGuard,
Fortinet Inc., Symantec, Juniper Networks Inc., Check Point Software
Technologies Ltd., NFR, Avaya, IBM ISS, Nokia, Alcatel, Assured
Digital, CyberGuard, NetScreen, ISS, Lucent, McAfee, Fortress,
SonicWall, Network Associates, Cisco Systems Inc., Computer
Associates, Nortel, and Intrusion.
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