Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Network Security Market by Type (Software product, Hardware product), By Application (Bank, Government, Enterprise, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Network Security Market by Type (Software product, Hardware product), By Application (Bank, Government, Enterprise, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 136119 3300 Chemical & Material 377 242 Pages 5 (43)

Market Overview:

The global network security 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. The global network security market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into software product and hardware product. The software product segment is expected to grow at a higher CAGR during the forecast period owing to its ability to protect systems from cyber-attacks. By application, the bank sector accounted for a major share of the network security market in 2017 and this trend is expected continue duringthe forecast period as well. This can be attributedto th e increasing adoptionof digital banking services by consumers across different geographiesand rising instances offraudulent activitiesin this sector .S.), Cisco Systems Inc.(U .S.), Fortinet Inc.(U .S.), Check Point Software Technologies Ltd.(Israel), Palo Alto Networks Inc.(U .S.), IBM Corporation (U . S.

Global Network Security Industry Outlook

Product Definition:

Network security is the process of protecting your computer networks from unauthorized access and misuse.

Networks can be used by cybercriminals to launch attacks against other organizations, or to steal sensitive data. Network security helps protect your network from these threats by using a variety of methods, including firewalls, antivirus software, and encryption.

Software product:

Software product is a tangible or intangible object, which is used to provide a solution to a problem. It can be in the form of computer software, hardware or any combination of both. Software products are classified into two types: SaaS (Software as a Service) and PaaS (Platform as a service).

Hardware product:

Hardware product and it's usage in Network Security market? Hardware product and it's usage in network security solutions are the devices or systems which are used to secure a network. It includes firewalls, Intrusion detection/Intrusion prevention system (IDS/IPS), Virtual private network (VPN), content switch, Unified threat management (UTM) server, Data loss prevention (DLP), Access control list(ACL) file downloader software.

Application Insights:

The network security solutions market is segmented by application into Bank, Government, Enterprise and Others. The Bank application segment accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing data breaches that have resulted in monetary losses for banks worldwide. Furthermore, a growing number of cyber-attacks on financial institutions has increased their spending on network security products and services.

The government application segment was valued at USD 1.5 billion in 2017 owing to an increase in demand from governments across the world for ensuring secure digital transactions as well as protecting critical infrastructure & systems (CIS). Moreover, a rise in demand for robust cybersecurity legislation has also driven this growth over recent years.

Regional Analysis:

North America dominated the global market in 2017. The growth of the region can be attributed to increasing cyber-attacks and IT infrastructure vulnerability, growing government regulations for data protection, and rising adoption of cloud services. Moreover, presence of major technology players such as Cisco Systems; Hewlett Packard Enterprise; Symantec Corporation.; FireEye Inc.; Trend Micro Inc.; and CA Technologies is expected to drive regional growth over the forecast period.

Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing number of security breaches in various sectors such as healthcare, banking & financial services (BFS), telecom sector resulting from increased usage/abuse of internet/mobile phones, laptops/desktops etc., Furthermore, governments are taking initiatives towards implementation or upgrading existing network security systems by way of policy & regulatory reforms which will further boost regional demand during the forecast years.

Growth Factors:

  • Increasing adoption of cloud-based services and BYOD policies in organizations
  • Proliferation of sophisticated cyber-attacks and data breaches
  • Stringent government regulations and compliance mandates for network security
  • Growing demand for managed security services and consulting solutions
  • Emergence of new technologies such as big data, IoT, and mobile computing

Scope Of The Report

Report Attributes

Report Details

Report Title

Network Security Market Research Report

By Type

Software product, Hardware product

By Application

Bank, Government, Enterprise, Other

By Companies

Cisco, IBM, GarrettCom, Siemens, CyberArk, Symantec, Honeywell, Cybercon, MAVERICK, Check Point, Waterfall, Parsons, Wurldtech, Weinute Technology, TOFINO, HUACON, NSFOCUS

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Network Security Market Report Segments:

The global Network Security market is segmented on the basis of:


Software product, Hardware product

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.


Bank, Government, Enterprise, Other

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:

  1. Cisco
  2. IBM
  3. GarrettCom
  4. Siemens
  5. CyberArk
  6. Symantec
  7. Honeywell
  8. Cybercon
  10. Check Point
  11. Waterfall
  12. Parsons
  13. Wurldtech
  14. Weinute Technology
  15. TOFINO
  16. HUACON

Global Network Security Market Overview

Highlights of The Network Security Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Software product
    2. Hardware product
  1. By Application:

    1. Bank
    2. Government
    3. Enterprise
    4. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Network Security 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:

  • Correctly Positioning New Products
  • Market Entry Strategies
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  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
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Global Network Security Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Network security is the practice of protecting computer networks and systems from unauthorized access, use, or disclosure. It includes measures to protect data and information from being accessed by unintended users or compromised by malicious actors. Network security also includes defending against attacks that could disrupt or damage the network infrastructure itself.

Some of the major players in the network security market are Cisco, IBM, GarrettCom, Siemens, CyberArk, Symantec, Honeywell, Cybercon, MAVERICK, Check Point, Waterfall, Parsons, Wurldtech, Weinute Technology, TOFINO, HUACON, NSFOCUS.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Network Security Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Network Security Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Network Security Market - Supply Chain
   4.5. Global Network Security Market Forecast
      4.5.1. Network Security Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Network Security Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Network Security Market Absolute $ Opportunity

5. Global Network Security Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Network Security Market Size and Volume Forecast by Type
      5.3.1. Software product
      5.3.2. Hardware product
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Network Security Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Network Security Market Size and Volume Forecast by Application
      6.3.1. Bank
      6.3.2. Government
      6.3.3. Enterprise
      6.3.4. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Network Security Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Network Security Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Network Security Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Network Security Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Network Security Demand Share Forecast, 2019-2029

9. North America Network Security Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Network Security Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Network Security Market Size and Volume Forecast by Application
      9.4.1. Bank
      9.4.2. Government
      9.4.3. Enterprise
      9.4.4. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Network Security Market Size and Volume Forecast by Type
      9.7.1. Software product
      9.7.2. Hardware product
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Network Security Demand Share Forecast, 2019-2029

10. Latin America Network Security Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Network Security Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Network Security Market Size and Volume Forecast by Application
      10.4.1. Bank
      10.4.2. Government
      10.4.3. Enterprise
      10.4.4. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Network Security Market Size and Volume Forecast by Type
      10.7.1. Software product
      10.7.2. Hardware product
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Network Security Demand Share Forecast, 2019-2029

11. Europe Network Security Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Network Security Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Network Security Market Size and Volume Forecast by Application
      11.4.1. Bank
      11.4.2. Government
      11.4.3. Enterprise
      11.4.4. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Network Security Market Size and Volume Forecast by Type
      11.7.1. Software product
      11.7.2. Hardware product
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   1110. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Network Security Demand Share, 2019-2029

12. Asia Pacific Network Security Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Network Security Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Network Security Market Size and Volume Forecast by Application
      12.4.1. Bank
      12.4.2. Government
      12.4.3. Enterprise
      12.4.4. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Network Security Market Size and Volume Forecast by Type
      12.7.1. Software product
      12.7.2. Hardware product
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Network Security Demand Share, 2019-2029

13. Middle East & Africa Network Security Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Network Security Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Network Security Market Size and Volume Forecast by Application
      13.4.1. Bank
      13.4.2. Government
      13.4.3. Enterprise
      13.4.4. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Network Security Market Size and Volume Forecast by Type
      13.7.1. Software product
      13.7.2. Hardware product
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Network Security Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Network Security Market: Market Share Analysis
   14.2. Network Security Distributors and Customers
   14.3. Network Security Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Cisco Overview Financials Developments Strategic Outlook
      14.4.2. IBM Overview Financials Developments Strategic Outlook
      14.4.3. GarrettCom Overview Financials Developments Strategic Outlook
      14.4.4. Siemens Overview Financials Developments Strategic Outlook
      14.4.5. CyberArk Overview Financials Developments Strategic Outlook
      14.4.6. Symantec Overview Financials Developments Strategic Outlook
      14.4.7. Honeywell Overview Financials Developments Strategic Outlook
      14.4.8. Cybercon Overview Financials Developments Strategic Outlook
      14.4.9. MAVERICK Overview Financials Developments Strategic Outlook
      14.4.10. Check Point Overview Financials Developments Strategic Outlook
      14.4.11. Waterfall Overview Financials Developments Strategic Outlook
      14.4.12. Parsons Overview Financials Developments Strategic Outlook
      14.4.13. Wurldtech Overview Financials Developments Strategic Outlook
      14.4.14. Weinute Technology Overview Financials Developments Strategic Outlook
      14.4.15. TOFINO Overview Financials Developments Strategic Outlook
      14.4.16. HUACON Overview Financials Developments Strategic Outlook
      14.4.17. NSFOCUS Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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