Market Overview:
The global network security product and service market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing number of cyber-attacks and data breaches, growing demand for cloud-based security solutions, and rising adoption of BYOD policies across organizations. However, lack of awareness about network security solutions among small businesses may restrain the growth of the market during the forecast period. Based on type, the global network security product and service market is segmented into hardware, software, and services. The hardware segment is further divided into firewall appliances/hardware firewalls (FW), intrusion detection/prevention systems (IDS/IPS), Unified Threat Management (UTM) appliances/devices UTM software), virtual private networks (VPNs), load balancers & application delivery controllers (ADCs), next-generation firewalls(NGFWs) SSL VPN gateways). The software segment is further classified into endpoint protection suites antivirus & anti-malware solutions email gateway security content filtering system web filtering system database activity monitoring DLP systems SIEM tools ).The services segment includes managed services professional services training & education). Based on application type ,the global Network Security Product And Service Market can be classified as BFSI sector Government sector Retail sector Healthcare sector Energy And Utility Sector IT And Telecom Sector Others ).
Product Definition:
A network security product is a type of software or hardware that helps protect a computer network from unauthorized access or attack. Network security products can include firewalls, intrusion detection/prevention systems (IDS/IPS), and VPNs.
Network security services are the professionals who install and manage these products, as well as provide other cybersecurity services such as risk assessment and incident response. The importance of network security products and services is that they help protect an organization's data, infrastructure, and employees from cyberattacks.
Hardware:
Hardware is the tangible, physical entity that is used to build a system or network. It includes routers, switches, modems and other networking devices. Hardware components are used in various systems such as telecommunication systems and data processing systems for carrying out operations at higher speeds with better efficiency.
Hardware has been witnessing significant growth over the past few years owing to its increasing demand across different industry verticals including BFSI (Banking, Financial Services & Insurance), IT & Telecom.
Software:
Software is the set of instructions, which aids in the operation of a computer system. It comprises a series of interacting or complementary processes to provide visual, audible and tactile user interfaces by which users can interact with computers. The primary functions of software are to provide operability and usability to the hardware devices connected to a computer network such as printers, modems etc., enable data storage on electronic media and lastly facilitate retrieval when needed.
Application Insights:
The Banking, Financial Services and Insurance (BFSI) sector accounted for the largest market share in 2017. The BFSI sector is expected to be followed by the government segment over the forecast period. The growing adoption of cloud services has led to an increase in cyberattacks that attempt to penetrate into a bank's data network. In such cases, security solutions become crucial as they help prevent breaches from occurring at a network level thus ensuring protection against external threats as well as internal frauds within organizations.
The retail industry is anticipated to emerge as one of the fastest-growing segments over the forecast period owing to increasing online shopping trends across various retail stores globally including Amazon, ebay, Walmart and others which are targeted towards enhancing customer experience while buying goods online or offline through brick-and-mortar stores or their websites/apps.
Regional Analysis:
North America is expected to dominate the global market over the forecast period. The growth can be attributed to increasing cyberattacks and IT infrastructure vulnerability in organizations across this region. Moreover, government initiatives such as National Infrastructure Protection Programme (NIPP) in India are focusing on strengthening the security infrastructure of critical information systems and critical national assets, which is further driving regional market growth.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising demand for network security solutions from various sectors including BFSI, retail, healthcare & insurance (HI&I), energy & utility, government sector among others. Increasing number of internet users coupled with growing awareness about online shopping will drive regional product demand further.
Growth Factors:
- Increasing demand for network security products and services from small and medium-sized businesses (SMBs).
- The increasing number of cyber attacks on businesses, which is driving the need for stronger network security solutions.
- The growing popularity of cloud-based security solutions, which are easier to deploy and manage than traditional on-premises solutions.
- The increasing use of mobile devices in the workplace, which is creating new vulnerabilities that need to be addressed by network security solutions.
- The rising awareness among businesses about the importance of data protection and information security, which is fueling demand for network security products and services
Scope Of The Report
Report Attributes
Report Details
Report Title
Network Security Product and Service Market Research Report
By Type
Hardware, Software, Service
By Application
BFSI, Government, Retail, Healthcare, Energy and Utility, IT and Telecom, Others
By Companies
Microsoft, HP, AlienVault, McAfee, Symantec, Trend Micro, Cisco Systems, NETGEAR, Broadcom, F5 Networks, Fortinet, Palo Alto Networks, BT, Sophos
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Network Security Product and Service Market Report Segments:
The global Network Security Product and Service market is segmented on the basis of:
Types
Hardware, 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, Government, Retail, Healthcare, Energy and Utility, IT and Telecom, 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:
- Microsoft
- HP
- AlienVault
- McAfee
- Symantec
- Trend Micro
- Cisco Systems
- NETGEAR
- Broadcom
- F5 Networks
- Fortinet
- Palo Alto Networks
- BT
- Sophos
Highlights of The Network Security Product and Service 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:
- Hardware
- Software
- Service
- By Application:
- BFSI
- Government
- Retail
- Healthcare
- Energy and Utility
- IT and Telecom
- 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 Product and Service 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.
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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?
A network security product and service is a software or hardware solution that helps protect networks from unauthorized access, use, or disclosure. Network security products can include firewalls, intrusion detection/prevention systems (IDS/IPS), data encryption, and authentication technologies.
Some of the key players operating in the network security product and service market are Microsoft, HP, AlienVault, McAfee, Symantec, Trend Micro, Cisco Systems, NETGEAR, Broadcom, F5 Networks, Fortinet, Palo Alto Networks, BT, Sophos.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Network Security Product and Service 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 Product and Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Network Security Product and Service 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 Product and Service 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 Product and Service Market Size & Forecast, 2018-2028
4.5.1 Network Security Product and Service Market Size and Y-o-Y Growth
4.5.2 Network Security Product and Service Market Absolute $ Opportunity
Chapter 5 Global Network Security Product and Service 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 Product and Service Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Network Security Product and Service 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 Product and Service Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Government
6.2.3 Retail
6.2.4 Healthcare
6.2.5 Energy and Utility
6.2.6 IT and Telecom
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Network Security Product and Service 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 Product and Service 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 Product and Service Analysis and Forecast
9.1 Introduction
9.2 North America Network Security Product and Service 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 Product and Service Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 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 Product and Service Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Government
9.10.3 Retail
9.10.4 Healthcare
9.10.5 Energy and Utility
9.10.6 IT and Telecom
9.10.7 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 Product and Service Analysis and Forecast
10.1 Introduction
10.2 Europe Network Security Product and Service 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 Product and Service Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 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 Product and Service Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Government
10.10.3 Retail
10.10.4 Healthcare
10.10.5 Energy and Utility
10.10.6 IT and Telecom
10.10.7 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 Product and Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Network Security Product and Service 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 Product and Service Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 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 Product and Service Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Government
11.10.3 Retail
11.10.4 Healthcare
11.10.5 Energy and Utility
11.10.6 IT and Telecom
11.10.7 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 Product and Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Network Security Product and Service 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 Product and Service Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 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 Product and Service Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Government
12.10.3 Retail
12.10.4 Healthcare
12.10.5 Energy and Utility
12.10.6 IT and Telecom
12.10.7 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 Product and Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Network Security Product and Service 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 Product and Service Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 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 Product and Service Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Government
13.10.3 Retail
13.10.4 Healthcare
13.10.5 Energy and Utility
13.10.6 IT and Telecom
13.10.7 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 Product and Service Market: Competitive Dashboard
14.2 Global Network Security Product and Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microsoft
14.3.2 HP
14.3.3 AlienVault
14.3.4 McAfee
14.3.5 Symantec
14.3.6 Trend Micro
14.3.7 Cisco Systems
14.3.8 NETGEAR
14.3.9 Broadcom
14.3.10 F5 Networks
14.3.11 Fortinet
14.3.12 Palo Alto Networks
14.3.13 BT
14.3.14 Sophos
