USD 24.43 billion
Report ID:
SQMIG45D2074 |
Region:
Global |
Published Date: March, 2025
Pages:
165
|Tables:
136
|Figures:
77
Global Network Security Market size was valued at USD 24.43 billion in 2023 and is poised to grow from USD 27.73 billion in 2024 to USD 76.36 billion by 2032, growing at a CAGR of 13.5% during the forecast period (2025-2032).
As the complexity and sophistication of cyberattacks and threats evolve rapidly, the need for advanced network security solutions is projected to increase in the future. High investments in the development and deployment of novel network security solutions and services are slated to create new opportunities for network security providers over the coming years. Moreover, the implementation of stringent network security mandates is also estimated to create a new business scope for network security providers going forward. Rising use of cloud computing platforms and technologies is also estimated to promote the demand for network security across the forecast period and beyond. On the other hand, resistance to security measures, high costs of deployment, and a dearth of skilled professionals are some key restraints that are expected to hinder the overall network security market progress in the future.
US Network Security Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 24.43 billion
Largest Segment
Solutions
Fastest Growth
Services
Growth Rate
13.5% CAGR
To get more reports on the above market click here to Buy The Report
Global Network Security Market is segmented by Component, Deployment, Enterprise Size, Vertical and region. Based on Component, the market is segmented into Solutions and Services. Based on Deployment, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Small and Medium Enterprises (SMEs) and Large Enterprises. Based on Vertical, the market is segmented into BFSI (Banking, Financial Services, and Insurance), Healthcare, Government, IT & Telecommunication, Manufacturing, Media & Entertainment, Energy & Utilities and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The solutions segment accounts for a major chunk of the global network security demand outlook. The segment is further divided into other sub-segments and firewall solutions bring in major revenue for network security companies. Firewalls are a primary way of fending off cyberattacks on a network and they are essential for any kind of network security system. Firewalls help keep track of internal as well as external data that passes through the network or is stored on it. Growing emphasis on intrusion prevention is slated to help this segment maintain a high market share.
Meanwhile, the demand for services segment is also predicted to increase at a robust pace over the coming years. Growing demand for support, maintenance, and integration of advanced network security solutions will help this segment bring in major revenue going forward. New companies can invest in this segment to establish themselves whereas established market players can maximize their business scope in the future. Growing adoption of network security solutions will create a lucrative setting for network security service providers as well.
The banking, financial services, and insurance industry is forecasted to lead the demand for network security over the coming years. High dependence of the digital financial services business on networks will also help this segment gain prominence. The BFSI industry deals with highly valuable information from customers directly converting into financial security, which is why this industry needs to deploy the most advanced type of network security measures available in the market. Adoption of decentralized finance and rising number of digital transactions will also help network security market growth via this segment.
Data is the new currency of the digital world and IT & telecom industry is one of the biggest data generators in the world. Managing and securing this data is a high priority for companies operating in this space, which is why the demand for network security in this segment will increase rapidly going forward. Growing incidence of data breaches and the rise of bring your own device (BYOD) trend in this industry is contributing to the rapid adoption of network security services and solutions.
To get detailed analysis on other segments, Request For Free Sample Report
North America emerges as the top market for network security companies owing to its developed technological infrastructure and high emphasis on security. Growing investments of key tech giants in improving network security and deployment of advanced security measures by all industry verticals also help the dominance of this region. Increasing cybersecurity budgets of companies in this region coupled with the imposition of strict data security and privacy mandates are also helping the dominance of this region. The United States and Canada are forecasted to be the prime markets for network security providers in this region.
Growing awareness regarding cybersecurity and high emphasis on improving the same is helping the Asia-Pacific region to emerge as the fastest-growing market. China is estimated to emerge as a significant contributor to network security demand followed by Japan, India, and South Korea. Implementation of new regulations to ensure data privacy and security by governments and regulatory bodies in this region will also boost market development. Rising use of network-based technologies will also help boost the demand for network security solutions in the Asia Pacific region over the coming years.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
High Adoption of Cloud Computing
Sophistication of Cyber Threat Landscape
Complexity in Integration and Management
Dearth of Skilled Professionals
Request Free Customization of this report to help us to meet your business objectives.
The global network security market presents plenty of opportunities for new as well as established network security companies. Integration of artificial intelligence will be a key trend that almost all network security providers will target across the forecast period and beyond. Increasing affordability and ease of deployment will be prime areas of focus for network security market players going forward. Strategies such as collaborations and mergers will also help companies maximize their market presence on a global level.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, network security is gaining immense traction on a global level as incidence of cyberattacks and data breaches through weaknesses in network increase. Growing investments in improving cybersecurity and raising awareness regarding the importance of network security will also drive market development. However, high costs of deployment, dearth of skilled workforce, and complexities in integration are slated to slow down network security demand in the future. Growing investments of organizations in North America to bolster cybersecurity helps it dominate the global network security market. Integration of AI and use of zero trust architecture will be key trends for network security companies in the long run.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 24.43 billion |
Market size value in 2032 | USD 76.36 billion |
Growth Rate | 13.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Network Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Network Security Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Network Security Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Network Security Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Network Security Market size was valued at USD 23.24 Billion in 2023 and is poised to grow from USD 25.59 Billion in 2024 to USD 52.77 Billion by 2032, growing at a CAGR of 10.10% during the forecast period (2025-2032).
Key vendors in Network Security Market are 'Juniper Networks Inc. ', 'Kaspersky Lab. ', 'Palo Alto Networks Inc. ', 'Symantec Corporation ', 'McAfee LLC ', 'Imperva Inc. ', 'Sophos Ltd. ', 'Webroot ', 'Akamai Technologies Inc. ', 'Cisco Systems Inc. ', 'WatchGuard Technologies Inc. ', 'FireEye Inc. ', 'Fortinet Inc. ', 'Forcepoint LLC ', 'IBM Corporation ', 'Proofpoint Inc. ', 'SonicWall.com ', 'Trend Micro Inc. ', 'Qualys Inc.'
Cloud technologies and platforms have gained massive popularity and witnessed a hike in adoption on a global level. These technologies are highly dependent on various types of networks to function properly, which is why maintaining the security of these networks becomes a top priority for all companies thereby promoting network security demand.
Zero Trust Approach: The possibility that a threat can originate within a network or from the outside is addressed using a zero-trust approach in security. Network security companies are opting this approach for their solutions and services as they emphasize maximizing their business scope on a global level.
North America emerges as the top market for network security companies owing to its developed technological infrastructure and high emphasis on security. Growing investments of key tech giants in improving network security and deployment of advanced security measures by all industry verticals also help the dominance of this region. Increasing cybersecurity budgets of companies in this region coupled with the imposition of strict data security and privacy mandates are also helping the dominance of this region. The United States and Canada are forecasted to be the prime markets for network security providers in this region.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG45D2074
[email protected]
USA +1 351-333-4748