Network
Security Market Trends, Size Report, Demand and Analysis by Forecast to 2029

The global Network
Security Market size is projected to grow from USD 78.2 billion in 2024
to USD 111.0 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 7.2%
during the forecast period.   Sophisticated cyber threats have been a
major driver of the traction of network security solution adoption and the
emergence of the new wave of threats such as ransomware and APTs. Prior to
committing complex new attacks, the attackers target critical infrastructure,
financial systems, and private data. So, organizations are heavily investing in
network security solutions that track and block any incoming threats to
preserve their assets and the company's operations in a combat environment.

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in-depth TOC on “Network Security Market"

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Based on the solution, the VPN accounts for the highest
market size during the forecast period.

A VPN solution is a significant part of modern network
security. It functions by establishing a secure, encrypted connection between a
user's device and a network, typically over the Internet. This encryption
ensures that any data transmitted over the VPN is protected from interception
by malicious actors, safeguarding sensitive information such as login
credentials, financial details, and confidential communications. VPNs are
particularly valuable in protecting remote access to corporate networks. Presently
where remote work is increasingly common, employees often need to connect to
their company's internal resources from various locations, including
potentially insecure environments like public Wi-Fi networks. Key vendors
offering VPN solutions include Fortinet, Cisco, NordLayer, Check Point, and
Zscaler.

By deployment mode, on-premise accounts for the highest
market size during the forecast period.

The on-premise deployment mode is estimated to hold the
largest market share in the network security market. On-premises deployment
mode for network security solutions involves installing and managing security
hardware and software directly within an organization’s physical
infrastructure. This way, organizations have full control over the security
systems, including firewalls, IDS, DLP, and other tools. Commonly, on-premises
deployment is chosen by organizations that have strict regulatory requirements,
sensitive data, or demand for customized security configurations. It allows for
direct management of data and security protocols, ensuring that all operations
occur within the organization’s own data centers.

By region, Asia Pacific will grow at the highest CAGR during
the forecast period.

The Asia Pacific region comprises countries such as China,
India, Singapore, and Japan, which are leading in the network security market.
Asia Pacific region is expected to register high growth rates in the network
security market. China is one of the leading countries in this market, with
extensive adoption of network security technology in various sectors, including
BFSI, government, and healthcare. Other countries in the region, such as Japan,
are also witnessing growth in the network security market. Various factors,
such as internal and external regulations and the growing focus of various
industries to get a unified view of risk, are expected to contribute to market
growth. Factors such as increasing internet usage, regulations, compliances,
and increasing digitalization are the major factors fueling the adoption of
network security solutions.

Key Players

Cisco (US), Palo Alto Networks (US), Fortinet (US), Check
Point (US), Trend Micro (Japan), Verizon (US), IBM (US), Broadcom (US), Juniper
Networks (US), Akamai (US),  Netskope (US), Microsoft (US), CrowdStrike
(US), Zscaler (US), Cloudflare (US), AWS (US), OpenText (Canada), Hillstone
Networks (US), Barracuda Networks (US), Huawei (China), Trellix (US), SonicWALL
(US), Forcepoint (US), Sophos (UK), Zyxel Networks (Taiwan), Cato Networks
(Israel), NordLayer (US), Versa Networks (US), WiJungle (India), Cynet (US),
SECNAP Network Security (US), Nomios (Netherlands), Easi (Belgium), GajShield
(India) are the key players and other players in the network security market.

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