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). Cloud computing presents a new trend for IT and business services which typically involves self-service access over the internet. Over these features, cloud computing has the advantage of enhancing IT and business ways by offering cost efficiency, dynamic scalable, and flexibility. However, using cloud computing has raised the level of network security risk due to the services being presented by a third party. Understanding these risks through cloud computing helps the management to protect their system from security attacks. According to the 2024 report by IBM, 40% of breaches involved data stored across multiple environments, and more than one-third of breaches involved shadow data (data stored in unmanaged data sources), highlighting the growing challenge of tracking and safeguarding data. National cybersecurity strategies (NCSs) have become an increasingly common tool for governments to organize around cybersecurity. As of 2024, 132 countries have an NCS, up from 107 in 2020. Much of this progress can be attributed to the Africa region, where nine countries have ushered in their first NCS. In addition, many countries have worked to revise and update their existing strategies. According to the International Monetary Fund, the financial sector has suffered more than 20,000 cyberattacks, causing $12 billion in losses, over the past 20 years.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/network-security-market
Percentage of Organizations That Have Identified Breaches in 2023-2024
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Note - The data represents the need for network security to overcome cyber threats. It plays a critical role in defending systems from cyber threats such as malware, phishing, data breaches, and unauthorized access.
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.
Market Coverage
• The market number available for – 2024-2035
• Base year- 2024
• Forecast period- 2025-2035
• Segment Covered-
o By Component
o By Material
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape - Check Point Software Technologies Ltd., Cisco Systems, Inc., Fortinet, Inc., Cloudflare, Inc., McAfee Corp., and other.
Key questions addressed by the report.
Global Network Security Market Report Segment
By Solution Type
By Deployment Mode
By End-User Industry
Global Network Security Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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