Network Security Market
Network Security Market Size, Share & Trends Analysis by Solution Type (Network Firewalls, Intrusion Detection/Prevention Systems (IDS/IPS), Data Loss Prevention (DLP), Web Application Firewalls (WAFs), Security Information and Event Management (SIEM), Network Access Control (NAC)), by Deployment Mode (On-Premises, Cloud-Based, Hybrid), by End-User Industry (BFSI, Healthcare, IT & Telecommunications, Retail, Manufacturing, Government, Others (Education, Media and Entertainment)) and Forecast Period (2025-2035)
Industry Overview
Network security market was valued at $28,450 million in 2024 and is projected to reach $79,995 million by 2035, with a growing CAGR of 9.9% during the forecast period (2025-2035). Network security integrates a comprehensive array of technologies, devices, and processes designed to safeguard the confidentiality, integrity, and accessibility of computer networks and associated data. As cyber criminals continuously refine their tactics and techniques, employing increasingly sophisticated attacks that can circumvent traditional security measures, the adoption of advanced network security solutions has become imperative to stay ahead of the evolving threat landscape. Organizations can no longer solely rely on conventional security solutions, such as firewalls and antivirus software, to shield their networks from cyberattacks. Cybercriminals are devising innovative methods to infiltrate networks, including zero-day attacks that exploit vulnerabilities in software that remain unknown to the software vendor. In the absence of a patch to address the vulnerability, organizations remain susceptible to the attack until a solution is developed. Phishing attacks, another prevalent threat, attempt to deceive individuals into divulging sensitive information or clicking on malicious links. These attacks can be highly convincing, posing a risk even to the most vigilant employees.
Market Dynamics
Implementation of IoT Security Solutions
Internet of Things (IoT) security solutions are increasingly becoming important in various sectors such as healthcare, manufacturing, transportation, and smart homes. IoT devices often operate with limited computational power and minimal built-in security, making them vulnerable entry points for cyberattacks. In the manufacturing industry use of Secure Access Service Edge (SASE) architecture aids manufacturers by uniting security and network connectivity. Organizations are increasingly adopting IoT security platforms that provide real-time monitoring, anomaly detection, and automated threat responses. Successful IoT security requires a collaborative effort between device manufacturers, network operators, and end-users to build a secure, scalable, and resilient ecosystem.
Increasing Cloud Security Demand
The demand for Cloud-based network security is rapidly increasing as organizations continue shifting their operations to cloud environments. With traditional network boundaries disappearing, protecting data, applications, and infrastructure in the cloud has grown significantly. Businesses now require advanced network security solutions that can secure dynamic, distributed workloads across public, private, and hybrid clouds. This includes tools such as cloud firewalls, Zero Trust Network Access (ZTNA), and Cloud Access Security Brokers (CASBs), which help monitor and control network traffic, prevent unauthorized access, and ensure compliance with data protection regulations. As cyber threats grow more sophisticated, the need for scalable, cloud-native security has become essential to safeguard digital assets.
Enterprises Buying Cloud Computing Services By Size, Class, EU, 2021 And 2023 (% Of Enterprises)
Market Segmentation
- Based on the solution type, the market is segmented into network firewalls, intrusion detection/prevention systems (IDS/IPS), data loss prevention (DLP), web application firewalls (WAFs), security information and event management (SIEM), and network access control (NAC).
- Based on the deployment mode, the market is segmented into on-premises, cloud-based, and hybrid.
- Based on the end-user industry, the market is segmented into BFSI, healthcare, IT & telecommunications, retail, manufacturing, government, and others (education, media, and entertainment).
The Cloud-Based Sub-Segment is anticipated to hold a Considerable Share of the Global Network Security Market
Among the deployment mode, the cloud-based sub-segment is expected to hold a considerable share of the global network security market. This is all due to a various number of reasons. The pervasiveness of cloud computing has revolutionized the IT landscape, resulting in a surge in cloud-based data and applications. This shift has necessitated the implementation of robust cloud security solutions to safeguard sensitive information and mitigate cyberattacks. Cloud-based solutions often demonstrate cost-effectiveness compared to traditional on-premises deployments, eliminating the need for upfront hardware investments and ongoing maintenance costs. Organizations can harness cloud-based security services without the encumbrance of managing and maintaining their infrastructure. Cloud-based solutions offer centralized visibility and control over an organization's entire network security infrastructure, streamlining management and enabling proactive threat detection. This centralized approach rationalizes security operations and enhances overall security efficacy. Cloud-based security providers grant access to cutting-edge technologies, such as artificial intelligence (AI) and machine learning (ML), which can significantly augment threat detection and response capabilities. Organizations can capitalize on these advanced techniques without investing in specialized expertise.
The On-Premises Segment Held a Considerable Share of the Market
The on-premise segment is anticipated to hold a considerable share of the market. On-premise network security provides an in-house solution offering where an organization can maintain their network’s security with greater flexibility depending upon their business goals, focus areas, demand, and customized security requirements, along with providing complete control on the use and management of network security solutions. The on-premises security comprises offline security measures and includes infrastructure components hosted on-site. The management and maintenance of on-premise security solutions also depend on the organization. The only downside is that operational costs are significantly higher, but when users consider data privacy, integrity, and complete confidentiality.
Regional Outlook
The global network security market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, North America is anticipated to hold a prominent share of the market across the globe. One of the reasons for this dominance is that North American companies are investing heavily in research and development of new network security technologies. This investment is helping to keep the region at the forefront of cybersecurity innovation.
The European Region is expected to grow at a Significant CAGR in the Global Network Security Market.
Among all regions, the European region is anticipated to grow at a considerable CAGR over the forecast period. The growth of this region is due to various reasons. European organizations are acutely cognizant of the intensifying cybersecurity threat landscape and the paramount importance of robust network security solutions. This heightened awareness has propelled demand for a comprehensive spectrum of security products and services. European organizations are wholeheartedly embracing digital transformation initiatives and swiftly adopting cloud computing. This paradigm shift has spawned novel security challenges, consequently propelling demand for cloud-based security solutions. Europe is committed to cultivating cybersecurity expertise and attracting talent in the cybersecurity domain. This concerted effort ensures that organizations possess the requisite expertise to effectively implement and manage their network security infrastructure.
European organizations are at the forefront of adopting nascent technologies, such as artificial intelligence (AI) and machine learning (ML), which are revolutionizing network security capabilities. This technological advancement is driving demand for AI-powered security solutions. European organizations are increasingly entrusting managed security service providers (MSSPs) to manage their network security needs. This trend stems from the dearth of cybersecurity expertise and the burgeoning demand for specialized skills to navigate intricate security infrastructure.
Market Players Outlook
The major companies serving the network security market include Check Point Software Technologies Ltd., Cisco Systems, Inc., Fortinet, Inc., Cloudflare, Inc., McAfee Corp., Akamai Technologies Belgium SRL, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2023, WatchGuard Technologies completed the acquisition of CyGlass Technology Services. In line with the acquisition, CyGlass technology will augment the WatchGuard Unified Security Platform architecture, enabling AI-powered detection of network anomalies and facilitating a forthcoming Network Detection and Response (NDR) service. Furthermore, it will bolster Open eXtended detection and response (XDR) capabilities within WatchGuard ThreatSync.
Recent Developments
- In July 2024, Fortinet, Inc. introduced a hardware-as-a-service offer that keeps the latest firewall technology updated. The FortiGate-as-a-Service (FGaaS) enables customers to choose the hardware they want and FortiGate's next-gen firewalls.
- In July 2024, Cisco Systems, Inc. launched an AI-enabled firewall that autonomously updates and manages itself, focused on streamlining cyber-defense for its enterprise clients.
- In March 2024, Juniper Networks announced the next evolution of its global Juniper Partner Advantage (JPA) Program. The new elements will help partners leverage AI for IT Operations (AIOps) to offer managed networking services for increased reliability, and agility toward new revenue opportunities and equip customers with solutions that enable a consistent experience-first approach across their networking infrastructure.
The Report Covers
- Market value data analysis for 2024 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global network security market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Global Network Security Market Sales Analysis – Solution Type| Deployment Mode| End-User Industry| ($ Million)
• Network Security Market Sales Performance of Top Countries
1.1. Research Methodology
• Primary Research Approach
• Secondary Research Approach
1.2. Market Snapshot
2. Market Overview and Insights
2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Network Security Industry Trends
2.2.2. Market Recommendations
2.3. Porter's Five Forces Analysis for the Network Security Market
2.3.1. Competitive Rivalry
2.3.2. Threat of New Entrants
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Threat of Substitutes
3. Market Determinants
3.1. Market Drivers
3.1.1. Drivers For Global Network Security Market: Impact Analysis
3.2. Market Pain Points and Challenges
3.2.1. Restraints For Global Network Security Market: Impact Analysis
3.3. Market Opportunities
4. Competitive Landscape
4.1. Competitive Dashboard – Network Security Market Revenue and Share by Manufacturers
• Network Security Product Comparison Analysis
• Top Market Player Ranking Matrix
4.2. Key Company Analysis
4.2.1. Check Point Software Technologies Ltd.
4.2.1.1. Overview
4.2.1.2. Product Portfolio
4.2.1.3. Financial Analysis (Subject to Data Availability)
4.2.1.4. SWOT Analysis
4.2.1.5. Business Strategy
4.2.2. Cisco Systems, Inc.
4.2.2.1. Overview
4.2.2.2. Product Portfolio
4.2.2.3. Financial Analysis (Subject to Data Availability)
4.2.2.4. SWOT Analysis
4.2.2.5. Business Strategy
4.2.3. Fortinet, Inc.
4.2.3.1. Overview
4.2.3.2. Product Portfolio
4.2.3.3. Financial Analysis (Subject to Data Availability)
4.2.3.4. SWOT Analysis
4.2.3.5. Business Strategy
4.2.4. Cloudflare, Inc.
4.2.4.1. Overview
4.2.4.2. Product Portfolio
4.2.4.3. Financial Analysis (Subject to Data Availability)
4.2.4.4. SWOT Analysis
4.2.4.5. Business Strategy
4.2.5. McAfee Corp.
4.2.5.1. Overview
4.2.5.2. Product Portfolio
4.2.5.3. Financial Analysis (Subject to Data Availability)
4.2.5.4. SWOT Analysis
4.2.5.5. Business Strategy
4.3. Top Winning Strategies by Market Players
4.3.1. Merger and Acquisition
4.3.2. Product Launch
4.3.3. Partnership And Collaboration
5. Global Network Security Market Sales Analysis by Solution Type ($ Million)
5.1. Network Firewalls
5.2. Intrusion Detection/Prevention Systems (IDS/IPS)
5.3. Data Loss Prevention (DLP)
5.4. Web Application Firewalls (WAFs)
5.5. Security Information and Event Management (SIEM)
5.6. Network Access Control (NAC)
6. Global Network Security Market Sales Analysis by Deployment Mode ($ Million)
6.1. On-Premises
6.2. Cloud-Based
6.3. Hybrid
7. Global Network Security Market Sales Analysis by End-User Industry ($ Million)
7.1. BFSI
7.2. Healthcare
7.3. IT & Telecommunications
7.4. Retail
7.5. Manufacturing
7.6. Government
7.7. Others (Education, Media and Entertainment)
8. Regional Analysis
8.1. North American Network Security Market Sales Analysis – Solution Type| Deployment Mode| End-User Industry| ($ Million)
• Macroeconomic Factors for North America
8.1.1. United States
8.1.2. Canada
8.2. European Network Security Market Sales Analysis – Solution Type| Deployment Mode| End-User Industry| ($ Million)
• Macroeconomic Factors for Europe
8.2.1. UK
8.2.2. Germany
8.2.3. Italy
8.2.4. Spain
8.2.5. France
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Asia-Pacific Network Security Market Sales Analysis – Solution Type| Deployment Mode| End-User Industry| ($ Million)
• Macroeconomic Factors for Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. South Korea
8.3.4. India
8.3.5. Australia & New Zealand
8.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Others)
8.3.7. Rest of Asia-Pacific
8.4. Rest of the World Network Security Market Sales Analysis – Solution Type| Deployment Mode| End-User Industry| ($ Million)
• Macroeconomic Factors for the Rest of the World
8.4.1. Latin America
8.4.2. Middle East and Africa
9. Company Profiles
9.1. Akamai Technologies Belgium SRL
9.1.1. Quick Facts
9.1.2. Company Overview
9.1.3. Product Portfolio
9.1.4. Business Strategies
9.2. BAE Systems, plc
9.2.1. Quick Facts
9.2.2. Company Overview
9.2.3. Product Portfolio
9.2.4. Business Strategies
9.3. Barracuda Networks, Inc.
9.3.1. Quick Facts
9.3.2. Company Overview
9.3.3. Product Portfolio
9.3.4. Business Strategies
9.4. Check Point Software Technologies Ltd
9.4.1. Quick Facts
9.4.2. Company Overview
9.4.3. Product Portfolio
9.4.4. Business Strategies
9.5. Cisco Systems, Inc.
9.5.1. Quick Facts
9.5.2. Company Overview
9.5.3. Product Portfolio
9.5.4. Business Strategies
9.6. Cloudflare, Inc.
9.6.1. Quick Facts
9.6.2. Company Overview
9.6.3. Product Portfolio
9.6.4. Business Strategies
9.7. CrowdStrike, Inc.
9.7.1. Quick Facts
9.7.2. Company Overview
9.7.3. Product Portfolio
9.7.4. Business Strategies
9.8. CyberArk Software Ltd.
9.8.1. Quick Facts
9.8.2. Company Overview
9.8.3. Product Portfolio
9.8.4. Business Strategies
9.9. Forcepoint
9.9.1. Quick Facts
9.9.2. Company Overview
9.9.3. Product Portfolio
9.9.4. Business Strategies
9.10. Fortinet, Inc.
9.10.1. Quick Facts
9.10.2. Company Overview
9.10.3. Product Portfolio
9.10.4. Business Strategies
9.11. IBM Corporation
9.11.1. Quick Facts
9.11.2. Company Overview
9.11.3. Product Portfolio
9.11.4. Business Strategies
9.12. Imperva, Inc.
9.12.1. Quick Facts
9.12.2. Company Overview
9.12.3. Product Portfolio
9.12.4. Business Strategies
9.13. Juniper Networks, Inc.
9.13.1. Quick Facts
9.13.2. Company Overview
9.13.3. Product Portfolio
9.13.4. Business Strategies
9.14. Microsoft Corp.
9.14.1. Quick Facts
9.14.2. Company Overview
9.14.3. Product Portfolio
9.14.4. Business Strategies
9.15. Musarubra US LLC
9.15.1. Quick Facts
9.15.2. Company Overview
9.15.3. Product Portfolio
9.15.4. Business Strategies
9.16. Netskope, Inc.
9.16.1. Quick Facts
9.16.2. Company Overview
9.16.3. Product Portfolio
9.16.4. Business Strategies
9.17. Okta, Inc.
9.17.1. Quick Facts
9.17.2. Company Overview
9.17.3. Product Portfolio
9.17.4. Business Strategies
9.18. Palo Alto Networks, Inc.
9.18.1. Quick Facts
9.18.2. Company Overview
9.18.3. Product Portfolio
9.18.4. Business Strategies
9.19. Proofpoint, Inc.
9.19.1. Quick Facts
9.19.2. Company Overview
9.19.3. Product Portfolio
9.19.4. Business Strategies
9.20. Rapid7, Inc.
9.20.1. Quick Facts
9.20.2. Company Overview
9.20.3. Product Portfolio
9.20.4. Business Strategies
9.21. Red Canary, Inc.
9.21.1. Quick Facts
9.21.2. Company Overview
9.21.3. Product Portfolio
9.21.4. Business Strategies
9.22. Sophos Ltd.
9.22.1. Quick Facts
9.22.2. Company Overview
9.22.3. Product Portfolio
9.22.4. Business Strategies
9.23. Trend Micro Incorporated.
9.23.1. Quick Facts
9.23.2. Company Overview
9.23.3. Product Portfolio
9.23.4. Business Strategies
9.24. VMware by Broadcom Inc.
9.24.1. Quick Facts
9.24.2. Company Overview
9.24.3. Product Portfolio
9.24.4. Business Strategies
9.25. Zscaler, Inc.
9.25.1. Quick Facts
9.25.2. Company Overview
9.25.3. Product Portfolio
9.25.4. Business Strategies
1. Global Network Security Market Research And Analysis By Solution Type, 2024-2035 ($ Million)
2. Global Network Firewalls Market Research And Analysis By Region,2024-2035 ($ Million)
3. Global Network Detection/Prevention Systems (IDS/IPS) Market Research And Analysis By Region, 2024-2035 ($ Million)
4. Global Network Data Loss Prevention (DLP) Market Research And Analysis By Region, 2024-2035 ($ Million)
5. Global Network Web Application Firewalls (WAFS) Market Research And Analysis By Region, 2024-2035 ($ Million)
6. Global Network Security Information And Event Management (SIEM) Market Research And Analysis By Region, 2024-2035 ($ Million)
7. Global Network Access Control (NAC) Market Research And Analysis By Region, 2024-2035 ($ Million)
8. Global Network Security Market Research And Analysis By Deployment Mode, 2024-2035 ($ Million)
9. Global On-Premises Network Security Market Research And Analysis By Region, 2024-2035 ($ Million)
10. Global Cloud-Based Network Security Market Research And Analysis By Region, 2024-2035 ($ Million)
11. Global Hybrid Network Security Market Research And Analysis By Region, 2024-2035 ($ Million)
12. Global Network Security Market Research And Analysis By End-User Industry, 2024-2035 ($ Million)
13. Global Network Security For BFSI Market Research And Analysis By Region, 2024-2035 ($ Million)
14. Global Network Security For Healthcare Market Research And Analysis By Region, 2024-2035 ($ Million)
15. Global Network Security For IT and Telecommunications Market Research And Analysis By Region, 2024-2035 ($ Million)
16. Global Network Security For Retail Market Research And Analysis By Region, 2024-2035 ($ Million)
17. Global Network Security For Manufacturing Market Research And Analysis By Region, 2024-2035 ($ Million)
18. Global Network Security For Government Market Research And Analysis By Region, 2024-2035 ($ Million)
19. Global Network Security For Others Market Research And Analysis By Region, 2024-2035 ($ Million)
20. Global Network Security Market Research And Analysis By Region, 2024-2035 ($ Million)
21. North American Network Security Market Research And Analysis By Country, 2024-2035 ($ Million)
22. North American Network Security Market Research And Analysis By Solution Type, 2024-2035 ($ Million)
23. North American Network Security Market Research And Analysis By Deployment Mode, 2024-2035 ($ Million)
24. North American Network Security Market Research And Analysis By End-User Industry, 2024-2035 ($ Million)
25. European Network Security Market Research And Analysis By Country, 2024-2035 ($ Million)
26. European Network Security Market Research And Analysis By Solution Type, 2024-2035 ($ Million)
27. European Network Security Market Research And Analysis By Deployment Mode, 2024-2035 ($ Million)
28. European Network Security Market Research And Analysis By End-User Industry, 2024-2035 ($ Million)
29. Asia-Pacific Network Security Market Research And Analysis By Country, 2024-2035 ($ Million)
30. Asia-Pacific Network Security Market Research And Analysis By Solution Type, 2024-2035 ($ Million)
31. Asia-Pacific Network Security Market Research And Analysis By Deployment Mode, 2024-2035 ($ Million)
32. Asia-Pacific Network Security Market Research And Analysis By End-User Industry, 2024-2035 ($ Million)
33. Rest Of The World Network Security Market Research And Analysis By Country, 2024-2035 ($ Million)
34. Rest Of The World Network Security Market Research And Analysis By Solution Type, 2024-2035 ($ Million)
35. Rest Of The World Network Security Market Research And Analysis By Deployment Mode, 2024-2035 ($ Million)
36. Rest Of The World Network Security Market Research And Analysis By End-User Industry, 2024-2035 ($ Million)
1. Global Network Security Market Share By Solution Type, 2024 Vs 2035 (%)
2. Global Network Firewalls Market Share By Region, 2024 Vs 2035 (%)
3. Global Network Intrusion Detection/Prevention Systems (IDS/IPS) Market Share By Region, 2024 Vs 2035 (%)
4. Global Network Data Loss Prevention (DLP) Market Share By Region, 2024 Vs 2035 (%)
5. Global Network Web Application Firewalls (WAFS) Market Share By Region, 2024 Vs 2035 (%)
6. Global Network Security Information And Event Management (SIEM) Market Share By Region, 2024 Vs 2035 (%)
7. Global Network Access Control (NAC) Market Share By Region, 2024 Vs 2035 (%)
8. Global Network Security Market Share By Deployment Mode, 2024 Vs 2035 (%)
9. Global On-Premises Network Security Market Share By Region, 2024 Vs 2035 (%)
10. Global Cloud-Based Network Security Market Share By Region, 2024 Vs 2035 (%)
11. Global Hybrid Network Security Market Share By Region, 2024 Vs 2035 (%)
12. Global Network Security Market Share Analysis By End-User Industry, 2024-2035 ($ Million)
13. Global Network Security For BFSI Market Share By Region, 2024 Vs 2035 (%)
14. Global Network Security For Healthcare Market Share By Region, 2024 Vs 2035 (%)
15. Global Network Security For IT and Telecommunications Market Share By Region, 2024 Vs 2035 (%)
16. Global Network Security For Retail Market Share By Region, 2024 Vs 2035 (%)
17. Global Network Security For Manufacturing Market Share By Region, 2024 Vs 2035 (%)
18. Global Network Security For Government Market Share By Region, 2024 Vs 2035 (%)
19. Global Network Security For Others Market Share By Region, 2024 Vs 2035 (%)
20. Global Network Security Market Share By Region, 2024 Vs 2035 (%)
21. US Network Security Market Size, 2024-2035 ($ Million)
22. Canada Network Security Market Size, 2024-2035 ($ Million)
23. UK Network Security Market Size, 2024-2035 ($ Million)
24. France Network Security Market Size, 2024-2035 ($ Million)
25. Germany Network Security Market Size, 2024-2035 ($ Million)
26. Italy Network Security Market Size, 2024-2035 ($ Million)
27. Spain Network Security Market Size, 2024-2035 ($ Million)
28. Rest Of Europe Network Security Market Size, 2024-2035 ($ Million)
29. India Network Security Market Size, 2024-2035 ($ Million)
30. China Network Security Market Size, 2024-2035 ($ Million)
31. Australia And New Zealand Network Security Market Size, 2024-2035 ($ Million)
32. ASEAN Network Security Market Size, 2024-2035 ($ Million)
33. Japan Network Security Market Size, 2024-2035 ($ Million)
34. South Korea Network Security Market Size, 2024-2035 ($ Million)
35. Rest Of Asia-Pacific Network Security Market Size, 2024-2035 ($ Million)
36. Latin America Network Security Market Size, 2024-2035 ($ Million)
37. Middle East and Africa Network Security Market Size, 2024-2035 ($ Million)
FAQS
The size of the Network Security market in 2024 is estimated to be around $28,450 million.
European holds the largest share in the Network Security market.
Leading players in the Network Security market include Check Point Software Technologies Ltd., Cisco Systems, Inc., Fortinet, Inc., Cloudflare, Inc., McAfee Corp., Akamai Technologies Belgium SRL, and others.
Network Security market is expected to grow at a CAGR of 9.9% from 2025 to 2035.
The Network Security Market is growing due to rising cyber threats, increased cloud and IoT adoption, and stricter data protection regulations.