Press Release: April 11, 2020
Network Security Software is designed to protect the data and network, including software and hardware from the various threat. Network security software provides security by stopping the risk to enter and spread to the network. It is the integration of multiple layers of defense in the network and at the network. There is a different type of network security systems which provide usability, reliability, integrity and security. Antivirus, application security, email security, data loss prevention, security information and event management, (SIEM), network access control (NAS), Intrusion prevention system (IPS), network segmentation etc are some network security software.
The rising number of malware-attack increases the security concern of data and network, which lead the demand for network security software is the major factor that driving the market growth. For instance, in Jun 2019, Cisco launched AI-based network analytics which manages users and networks from campus and vast area network to data center and internet of things (IoT) edge. In addition, the growing trend of Bring Your Own Device (BYOD) also increases the demand for network security software solutions. Moreover, stringent regulation for network security is also expected to drive the market during the forecast period. However, a high-cost solution is restraining market growth during the forecast period.
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Various notable players in the network security software market include Cisco Systems Inc., SolarWinds Corporation, IBM, Trend Micro Inc., FireMon, Symantec Corporation, FireEye Inc., GFI Software Inc., Avast Software Inc., WatchGuard Technologies, Bitdefender LLC, Webroot Inc., AT&T Inc., Qualys Inc., and Juniper Networks Inc. among others. Major players are focussing on product launch, acquisition, collaboration to expand their global reach and become a market competitive. For instance, in Jan 2019, IBM corporation signed a partnership agreement with Juniper Network, which includes data center, help desk, data and voice network IBM Watson platform manages Juniper Network Infrastructure.
The Global network security software market has been segmented on the basis of Component, Deployment Type, Organization Size, Vertical and Geography. Based on the component market is categorized into Solutions and Services. On the basis of deployment type market is segmented into On-premises and Cloud. Based on the organization size market is segmented into Small and Medium-sized Enterprises and Large Enterprises. Based on the vertical market is categorized into Healthcare, BFSI, Government, IT& Telecommunication, Aerospace& Defence and Retail& Manufacturing and by geography.
The research report “Global Network Security Software Market” provides an in-depth analysis of the global Network Security Software market based on component, deployment, vertical and major geographies for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global Network Security Software market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
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Key questions answered in this research report:
1- At what pace is the global Network Security Software market growing? What will be a growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Network Security Software market?
4- What are the various application areas and how they are poised to grow?
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