Market Overview:
The global network security for business market is expected to grow from USD 9.02 billion in 2018 to USD 16.48 billion by 2030, at a CAGR of 7.5% from 2018 to 2030. The growth of the global network security for business market can be attributed to the increasing number of cyber-attacks and data breaches, and the need for organizations to protect their critical data and infrastructure. The software segment is expected to hold the largest share of the global network security for business market in 2018, owing to the growing demand for software solutions that help organizations protect their critical data and infrastructure from cyber-attacks.
Product Definition:
Network security for business is the process of protecting your company's computer networks from unauthorized access or attack. This includes things like firewalls, password protection, and anti-virus software. Network security is important because it helps protect your company's data and systems from being accessed by hackers or malware. It can also help prevent data breaches that could expose your customers' personal information.
Software:
Software is the part of Network Security for Business (NS4B) and it's used to secure the network. It helps in detecting, preventing and responding to security incidents. Software solutions are widely used by enterprises, large & small businesses as well as educational institutes across the globe owing to its benefits such as cost-effective, easy-to-use & flexible nature among others.
Service:
Service is a set of processes that are designed to meet the needs of consumers and enterprises by offering quality, cost-effective solutions for various business operations. In network security for business, service includes consulting services, managed security services and professional services.
The global service & it's usage in network security for business market size was valued at USD 21.5 billion in 2015.
Application Insights:
The BFSI application segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing adoption of cloud services has led to an increase in cyberattacks on financial institutions, which are now adopting robust security measures to prevent data loss and breaches.
The retail sector is also expected to register a significant CAGR during the forecast period. Retailers are now realising that they cannot afford not to protect their data from network breaches as these have a direct impact on their business operations and profitability. As a result, retailers are increasingly deploying security solutions from leading providers such as McAfee, Inc., Trend Micro PLC, IBM Corporation and FireEye LLC among others.
Regional Analysis:
North America is expected to be the key regional market over the forecast period owing to high demand for network security solutions from various end-use industries. The region accounted for more than 35% of global revenue in 2017 and is estimated to grow at a CAGR of XX% over the next eight years. This growth can be attributed to increasing cyberattacks, growing IT infrastructure, and rising government regulations pertaining to data privacy & security.
Asia Pacific is projected as one of the fastest-growing regions due its rapid adoption rates across several industry verticals such as BFSI, retail, telecom & IT etc., which are prone t0high losses caused by sophisticated attacks leveraging on weak or stolen data thereby making them vulnerable targets for criminals seeking financial gain or criminal notoriety amongst others).
The Latin American region also presents lucrative opportunities due its rapidly developing economies such as Brazil.
Growth Factors:
- Increasing demand for network security solutions from small and medium-sized businesses (SMBs) due to the increasing number of cyber threats.
- Proliferation of cloud-based services and BYOD policies, which are creating new security vulnerabilities that need to be addressed.
- The increasing use of mobile devices and apps for business purposes, which is exposing companies to new security risks.
- The growing popularity of social media and online collaboration tools, which can be used by hackers to launch attacks against businesses.
- The rising number of data breaches and cyber attacks, which is motivating organizations to invest in more robust network security solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Network Security for Business Market Research Report
By Type
Software, Service
By Application
BFSI, Retail, Telecom & IT, Manufacturing, Others
By Companies
IBM, Cisco Security, Microsoft, Broadcom, Dell EMC, Symantec, Fortinet, McAfee, Siemens, Cato Networks, Check Point, Unisys, CipherCloud, Digital Guardian, Panda Security, Hytrust, Palo Alto Networks, Netskope, Sophos, Qualys, Websense, Zscaler
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Network Security for Business Market Report Segments:
The global Network Security for Business market is segmented on the basis of:
Types
Software, Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Retail, Telecom & IT, Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Cisco Security
- Microsoft
- Broadcom
- Dell EMC
- Symantec
- Fortinet
- McAfee
- Siemens
- Cato Networks
- Check Point
- Unisys
- CipherCloud
- Digital Guardian
- Panda Security
- Hytrust
- Palo Alto Networks
- Netskope
- Sophos
- Qualys
- Websense
- Zscaler
Highlights of The Network Security for Business Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Service
- By Application:
- BFSI
- Retail
- Telecom & IT
- Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Network Security for Business Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Network security for business is the practice of protecting an organization's computer networks and data from unauthorized access, use, or disclosure. Network security includes the installation and maintenance of firewalls, intrusion detection/prevention systems (IDS/IPS), network monitoring tools, and other protective measures to protect against cyberattacks.
Some of the major players in the network security for business market are IBM, Cisco Security, Microsoft, Broadcom, Dell EMC, Symantec, Fortinet, McAfee, Siemens, Cato Networks, Check Point, Unisys, CipherCloud, Digital Guardian, Panda Security, Hytrust, Palo Alto Networks, Netskope, Sophos, Qualys, Websense, Zscaler.
The network security for business market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Network Security for Business Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Network Security for Business Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Network Security for Business Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Network Security for Business Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Network Security for Business Market Size & Forecast, 2018-2028
4.5.1 Network Security for Business Market Size and Y-o-Y Growth
4.5.2 Network Security for Business Market Absolute $ Opportunity
Chapter 5 Global Network Security for Business Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Network Security for Business Market Size Forecast by Type
5.2.1 Software
5.2.2 Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Network Security for Business Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Network Security for Business Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Retail
6.2.3 Telecom & IT
6.2.4 Manufacturing
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Network Security for Business Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Network Security for Business Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Network Security for Business Analysis and Forecast
9.1 Introduction
9.2 North America Network Security for Business Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Network Security for Business Market Size Forecast by Type
9.6.1 Software
9.6.2 Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Network Security for Business Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Retail
9.10.3 Telecom & IT
9.10.4 Manufacturing
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Network Security for Business Analysis and Forecast
10.1 Introduction
10.2 Europe Network Security for Business Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Network Security for Business Market Size Forecast by Type
10.6.1 Software
10.6.2 Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Network Security for Business Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Retail
10.10.3 Telecom & IT
10.10.4 Manufacturing
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Network Security for Business Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Network Security for Business Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Network Security for Business Market Size Forecast by Type
11.6.1 Software
11.6.2 Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Network Security for Business Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Retail
11.10.3 Telecom & IT
11.10.4 Manufacturing
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Network Security for Business Analysis and Forecast
12.1 Introduction
12.2 Latin America Network Security for Business Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Network Security for Business Market Size Forecast by Type
12.6.1 Software
12.6.2 Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Network Security for Business Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Retail
12.10.3 Telecom & IT
12.10.4 Manufacturing
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Network Security for Business Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Network Security for Business Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Network Security for Business Market Size Forecast by Type
13.6.1 Software
13.6.2 Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Network Security for Business Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Retail
13.10.3 Telecom & IT
13.10.4 Manufacturing
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Network Security for Business Market: Competitive Dashboard
14.2 Global Network Security for Business Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Cisco Security
14.3.3 Microsoft
14.3.4 Broadcom
14.3.5 Dell EMC
14.3.6 Symantec
14.3.7 Fortinet
14.3.8 McAfee
14.3.9 Siemens
14.3.10 Cato Networks
14.3.11 Check Point
14.3.12 Unisys
14.3.13 CipherCloud
14.3.14 Digital Guardian
14.3.15 Panda Security
14.3.16 Hytrust
14.3.17 Palo Alto Networks
14.3.18 Netskope
14.3.19 Sophos
14.3.20 Qualys
14.3.21 Websense
14.3.22 Zscaler
