DUBLIN--(BUSINESS WIRE)--The "Global Network Security Software Market (2021-2026) by Component, Deployment Mode, Organization, Vertical, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Network Security Software Market is estimated to be USD 14.78 Bn in 2021 and is expected to reach USD 28.45 Bn by 2026, growing at a CAGR of 13.99%.
Key factors are Increasing network security, and privacy issues will drive this market growth. Growing demand for network security packages in the government sector acts as a market driver. The rising range of SMEs also will increase the adoption of network security software.
The speedy adoption of recent technology within the country and growing security specialization push the market forward - a surge in the adoption of cloud-based security technologies creating opportunities in the network security software market. The Network security software market Growth is based on integrating advanced deep learning and machine learning capabilities. Strict laws and norms also enhance the expansion of this market. Complexity related to the budget acts as a limiting issue for this market growth. High investment value conjointly hinders the development of this market.
Market Segmentation
- The Global Network Security Software Market is segmented further based on Component, Deployment Mode, Organization, Vertical, and Geography.
- By Component Type, the market is classified as Solutions and Services.
- By Deployment Mode Type, the market is classified as On-premises and Cloud.
- By Organization Type, the market is classified as Small & Medium-Sized Enterprises and Large Enterprise.
- By Vertical, the market is classified as Aerospace & Defense, Government, Banking, Financial Services, & Insurance, Healthcare, Retail, Manufacturing, Energy & Utilities, and Others.
- By Geography, America is projected to lead the market in the forecasted period.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Network Security Software Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
- The report also contains the competitive analysis using a Competitive Quadrant, the analyst's proprietary competitive positioning tool.
Market Dynamics
Drivers
- Increasing Network Security and Privacy Concerns
- Growing Demand in Government Sector
- Rising in Adoption of Technology
- Rising Concern among Enterprise
Restraints
- Complexity Associated with Budget
Opportunities
- Strict Regulations and Norms
- Adoption of Cloud-Based Technology
- Rising Number of SME
Challenges
- High Investment Cost
Companies Mentioned
- Cisco Systems
- SolarWinds
- IBM
- Trend Micro
- FireMon
- Symantec
- FireEye
- GFI Software
- Avast Software
- WatchGuard
- Bitdefender
- Webroot
- AT&T
- Qualys
- Juniper Networks
- Comodo Security solution
- Tenable Inc.
- Armor defense Inc.
- Torrid Networks
- Fortinet Inc.
- Netwrix Data security platform
- Nmap
- Symantec advanced threat protection
- Darktrace
- RSA NetWitness Network
For more information about this report visit https://www.researchandmarkets.com/r/fq00g6
