Product ID: SQMIG45D2074
Report ID:
SQMIG45D2074 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
118 |
Figures:
76
Most of the market share for network security is expected to be in North America. The United States also has the fastest rate of software adoption growth. Leading sectors including healthcare, BFSI, and retail make extensive use of the software to safeguard sensitive data. The United States is updating existing software and developing security solutions, and it has submitted the most patent applications for protection on the market. It is projected that this kind of protection would gradually become more popular in Canada. Europe is likewise expanding, and the market is growing steadily. The area spent over US$ 707.6 million on research and innovation in network and information security. The majority of businesses in the UK offer secure network solutions, expert cyber services, and information risk assessment and management. On the other hand, the market is consistently growing in Germany.
Asia Pacific is expected to increase gradually over the projection period, too. China is growing in the industry and spending money on security software research and development. Additionally, the Chinese government encourages people to use technology every day. Because of this, there will be a greater demand for secure networks, which will lead to market growth. Governments in several countries also pass security rules and guidelines to prevent data breaches. Security solutions have started to acquire traction as a result of the growing investments in the Middle East and Africa. The Saudi Research and Innovation Network and SAFCSP are just two of the committees that Saudi Arabia has invested in creating to cope with security issues. To prevent attacks and data breaches, the governments of Latin America are building security infrastructure. The majority of businesses in the area focus on implementing endpoint and network security regulations.
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REQUEST FREE CUSTOMIZATIONNetwork Security Market size was valued at USD 20.3 Billion in 2019 and is poised to grow from USD 22.98 Billion in 2023 to USD 61.96 Billion by 2031, at a CAGR of 13.20 % during the forecast period (2024-2031).
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Product ID: SQMIG45D2074