Market Overview:
The global network security tools market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing adoption of cloud-based services and the growing number of cyber-attacks. The global network security tools market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into wireless and wired. The wired segment accounted for a larger share in 2017 owing to its high adoption rate in enterprises for critical data transmission across networks. However, with an increase in BYOD (Bring Your Own Device) policies and rising demand for mobility solutions, the wireless segment is expected to grow at a higher CAGR during the forecast period. On the basis of application, bank accounted for a major share in 2017 due to increasing instances of cyber-attacks on financial institutions across different geographies. However, with an increase in digitalization and online transactions across different sectors such as education, government, enterprise etc., other applications are also expected to witness significant growth duringthe forecast period .
Product Definition:
Network security tools are used to protect a computer network from unauthorized access or attack. They include firewalls, intrusion detection and prevention systems, and antivirus software. The importance of network security tools is that they help protect the privacy and integrity of data stored on or transmitted across a computer network.
Wireless:
Wireless technology is the fastest growing segment in network security tools market. It's usage has increased exponentially over the past few years owing to technological advancements and falling prices of wireless devices. Wireless technology offers various advantages such as mobility, ease of use, cost effectiveness and most important secure communication which has resulted in huge growth factor for this market.
Wired:
Wired is a network infrastructure device that uses cables to connect devices and computers. It is also known as LAN cable, Ethernet cable, or wire cable. Wired connections are used in computer networks for carrying data transmission between two systems; it consists of one or moreonductorles (conductors) wrapped in an insulation layer, which is then followed by the plastic coating.
Application Insights:
The network security tools market has been segmented into bank, government, education, enterprise and others. The banking sector is estimated to emerge as the fastest-growing application segment over the forecast period owing to increasing data breaches and cyberattacks that have resulted in a growing need for robust security solutions. For instance, according to a study conducted by HPTteria in 2017, it was found that more than 60% of banks have been hacked since 2012 till date. Thus there is an increased demand for advanced network security tools from the banking sector which will help them secure their networks against various online threats.
The healthcare industry has also witnessed significant growth in recent years due largely to rising investments by governments on improving healthcare infrastructure.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of prominent players such as Cisco Systems, Inc.; Hewlett Packard Enterprise; and LogRhythm Inc. Furthermore, increasing demand for advanced network security solutions and rising awareness about cyber-attacks are some other factors driving regional market growth.
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period owing to increasing government regulations regarding data security coupled with a growing number of attacks from outside & inside organizations on critical infrastructure sectors such as energy & utilities, transportation & logistics, banking & financial services (BFS), healthcare/medical sector among others. Moreover, an increase in spending on network security by enterprises due to various risks associated with these networks has also contributed significantly toward regional growth rate estimates over the past few years. Additionally, rising investments by prominent players for expansion in this region is also contributing toward overall revenue generation across APAC regionalsite .
Growth Factors:
- Increasing demand for network security tools from small and medium-sized businesses (SMBs) due to the increasing number of cyber threats.
- The growing trend of Bring Your Own Device (BYOD) in enterprises, which is leading to an increase in the number of devices that need to be secured.
- The increasing adoption of cloud-based services and applications, which are exposing organizations to new security risks that need to be addressed with appropriate security tools.
- The rising popularity of social media and other online channels that are being used by attackers for launching targeted attacks against organizations.
- The increasing use of mobile devices such as smartphones and tablets, which are becoming a prime target for cybercriminals looking to steal sensitive data or exploit vulnerabilities
Scope Of The Report
Report Attributes
Report Details
Report Title
Network Security Tools Market Research Report
By Type
Wireless, Wired
By Application
Bank, Government, Education, Enterprise, Others
By Companies
Cisco, Eaton, IBM, ABB, GarrettCom, Siemens, CyberArk, Symantec, Honeywell, Cybercon, MAVERICK, Check Point, Waterfall, Parsons, Wurldtech, Weinute Technology
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Network Security Tools Market Report Segments:
The global Network Security Tools market is segmented on the basis of:
Types
Wireless, Wired
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
Bank, Government, Education, Enterprise, 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:
- Cisco
- Eaton
- IBM
- ABB
- GarrettCom
- Siemens
- CyberArk
- Symantec
- Honeywell
- Cybercon
- MAVERICK
- Check Point
- Waterfall
- Parsons
- Wurldtech
- Weinute Technology
Highlights of The Network Security Tools 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:
- Wireless
- Wired
- By Application:
- Bank
- Government
- Education
- Enterprise
- 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 Tools 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 tools are software programs that help protect a computer network from unauthorized access, use, or disclosure.
Some of the major players in the network security tools market are Cisco, Eaton, IBM, ABB, GarrettCom, Siemens, CyberArk, Symantec, Honeywell, Cybercon, MAVERICK, Check Point, Waterfall, Parsons, Wurldtech, Weinute Technology.
The network security tools market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Network Security Tools 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 Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Network Security Tools 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 Tools 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 Tools Market Size & Forecast, 2018-2028
4.5.1 Network Security Tools Market Size and Y-o-Y Growth
4.5.2 Network Security Tools Market Absolute $ Opportunity
Chapter 5 Global Network Security Tools 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 Tools Market Size Forecast by Type
5.2.1 Wireless
5.2.2 Wired
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Network Security Tools 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 Tools Market Size Forecast by Applications
6.2.1 Bank
6.2.2 Government
6.2.3 Education
6.2.4 Enterprise
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Network Security Tools 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 Tools 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 Tools Analysis and Forecast
9.1 Introduction
9.2 North America Network Security Tools 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 Tools Market Size Forecast by Type
9.6.1 Wireless
9.6.2 Wired
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 Tools Market Size Forecast by Applications
9.10.1 Bank
9.10.2 Government
9.10.3 Education
9.10.4 Enterprise
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 Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Network Security Tools 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 Tools Market Size Forecast by Type
10.6.1 Wireless
10.6.2 Wired
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 Tools Market Size Forecast by Applications
10.10.1 Bank
10.10.2 Government
10.10.3 Education
10.10.4 Enterprise
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 Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Network Security Tools 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 Tools Market Size Forecast by Type
11.6.1 Wireless
11.6.2 Wired
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 Tools Market Size Forecast by Applications
11.10.1 Bank
11.10.2 Government
11.10.3 Education
11.10.4 Enterprise
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 Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Network Security Tools 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 Tools Market Size Forecast by Type
12.6.1 Wireless
12.6.2 Wired
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 Tools Market Size Forecast by Applications
12.10.1 Bank
12.10.2 Government
12.10.3 Education
12.10.4 Enterprise
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 Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Network Security Tools 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 Tools Market Size Forecast by Type
13.6.1 Wireless
13.6.2 Wired
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 Tools Market Size Forecast by Applications
13.10.1 Bank
13.10.2 Government
13.10.3 Education
13.10.4 Enterprise
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 Tools Market: Competitive Dashboard
14.2 Global Network Security Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco
14.3.2 Eaton
14.3.3 IBM
14.3.4 ABB
14.3.5 GarrettCom
14.3.6 Siemens
14.3.7 CyberArk
14.3.8 Symantec
14.3.9 Honeywell
14.3.10 Cybercon
14.3.11 MAVERICK
14.3.12 Check Point
14.3.13 Waterfall
14.3.14 Parsons
14.3.15 Wurldtech
14.3.16 Weinute Technology
