Network Security Software Market Key Insights And Growth Scenario Coverage of Top Key Players 2020-2026

Network security is referred to the policies and procedures implemented by a network administrator to keep track and avoid unauthorized access of network resources. The software which is used to improve network security is known as network security software. There are many different types of network security software that helps with protection of data in transit, data at rest, and other network setup elements. Some of the example of network security software includes anti-virus software, firewalls, and other anti-malware applications.

The major factors that are anticipated to fuel the growth of global network security software market include the growing number of malicious attacks and increasing trend of bring your own devices (BYOD). In general, bring your own devices (BYOD) relates with employees who bring their own computing devices-such as laptops, smartphones and tablet PCs-to work with them and use them instead of devices provided by the company. Increasing prevalence of bring your own devices (BYOD) has led to increasing security risks to the organizations. In order to eliminate the risk of external threats, organizations tend to adopt the network security software which boost the demand of network security software in the market. Moreover, the growing penetration of cloud-based security technologies along with incorporation of advanced deep learning and machine learning capabilities in network security softwares are some other factors fuelling the growth of network security software market during forecast period. On the other hand, the huge cost of innovation is a factor hampering the growth of global network security software market.

Based on the region, North America is expected to grow at a higher CAGR during the forecast period due to the existence of several market players which provide distributed denial of service (DDoS) protection and justification. The early implementation of network security software solutions in this region drives the growth of network security software market in North America.

The Global Network Security Software market has been segmented on the basis of component, solutions, services, deployment mode, organization size and vertical. Based on component, the market is segmented into solutions and services. Based on solutions, the market is segmented into firewall, antivirus/antimalware, network access control, data loss prevention, intrusion detection system/intrusion prevention system, secure web gateways, distributed denial-of-service mitigation, unified threat management, vulnerability scanning, sandboxing and others. Based on services, the market is segmented into professional services and managed services. On the basis of professional services, the market is further categorized into design & implementation, consulting, training & education and support & maintenance. Based on deployment mode, the market is segmented into cloud and on-premises. Based on organization size, the market is segmented into small & medium-sized enterprises and large enterprises. Based on vertical, the market is segmented into aerospace & defense, government, banking, financial services, & insurance, IT & telecommunication, healthcare, retail, manufacturing, energy & utilities and others.

Some of the major players of global network security software market are Cisco Systems, Inc., IBM Corporation, Trend Micro Incorporated, SolarWinds Worldwide, LLC, Broadcom, FireEye, Inc., Avast Software s.r.o., WatchGuard Technologies, Inc., FireMon, LLC and GFI Software among others.

Market Segmentation:

Global Network Security Software Market by Component

• Solutions
• Services

Global Network Security Software Market by Solutions

• Firewall
• Antivirus/Antimalware
• Network Access Control
• Data Loss Prevention
• Intrusion Detection System/Intrusion Prevention System
• Secure Web Gateways
• Distributed Denial-Of-Service Mitigation
• Unified Threat Management
• Vulnerability Scanning
• Sandboxing
• Others

Global Network Security Software Market by Services

• Professional Services
  • Design & Implementation
  • Consulting
  • Training & Education
  • Support & Maintenance
• Managed Services

Global Network Security Software Market by Deployment Mode

• Cloud
• On-Premises

Global Network Security Software Market by Organization Size

• Small & Medium-sized Enterprises
• Large Enterprises

Global Network Security Software Market by Vertical

• Aerospace & Defense
• Government
• Banking, Financial Services, & Insurance
• IT & Telecommunication
• Healthcare
• Retail
• Manufacturing
• Energy & Utilities
• Others

Global Network Security Software Market by Region

• North America Network Security Software Market
• Europe Network Security Software Market
• Asia-Pacific Network Security Software Market
• ROW Network Security Software Market

Leading Market Players

• Cisco Systems, Inc.
• IBM Corporation
• Trend Micro Incorporated
• SolarWinds Worldwide, LLC
• Broadcom
• FireEye, Inc.
• Avast Software s.r.o.
• WatchGuard Technologies, Inc.
• FireMon, LLC
• GFI Software

About Noah Research

Noah Research is a market research and advisory company based out of India. The company provides syndicated reports, customized reports as well as consulting services to small and medium companies as well as large corporations worldwide. We analyse high growth niche markets and provide you with accurate trends and forecasts. Our in-house database features thousands of datapoints and in-depth analysis on 13 industries in major countries globally. Our dedicated team of analysts helps to you garner hidden insights in each market, so that you can plan your next strategic move and take your company’s future to a higher level.

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