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.
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.
Key Segments of the Global Network Security Market
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.