Product ID: SQMIG45D2074
Global Network Security Market Size, Share, Growth Analysis, By Type(Firewall, Antivirus/Antimalware), By Industry(Aerospace, Defense), By Enterprise size(Small & Medium Enterprises, Large Enterprise), By Deployment(On-Premise, Cloud) - Industry Forecast 2024-2031
Report ID:
SQMIG45D2074 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
118 |
Figures:
76
Global Network Security Market Dynamics
Network Security Market Driver
- Increasing Cyber Threats at Network Point to boost Demand for the Solution
The usage of digital solutions, connected devices, and IT systems is rising as a result of global technological improvement. The development of the digital infrastructure enables the exchange of business applications and data among digital users, devices, and platforms. Because of this, hackers are increasingly using faultless hacking techniques to get into an organization's IT system and acquire vital business data.
Additionally, the corporate sector's level of protection from attackers was examined and determined to be incredibly low. Additionally, a Kaspersky Lab survey found that more than 40% of businesses lacked an effective cybersecurity architecture. According to the report, vulnerable online applications were breached in roughly 73% of successful perimeter attacks in the business sector. Furthermore, it is projected that the increase in cyber risks would fuel demand for solutions and accelerate market expansion.
- Rising ‘Bring Your Device’ BYOD Policies in Organizations to Boost Demand
Employers are encouraging employees to use their own devices while at work, which lowers system investments. BYOD enables mobile working for employees. Since the devices are connected to the company's network, they may access the data. Additionally, the expanding BYOD policy has forced businesses to provide network security solutions. For instance, the employer trades data with several providers when it comes to logistics. Because of the increased likelihood of data leaks as a result of this issue, the network security market's expansion is crucial. During the expected period, the expanding adoption of BYOD policies in businesses is expected to fuel overall market growth.
Network Security Market Restraint
- Low-Security Budget by the Companies Likely to Hamper the Adoption of Security Solutions
Almost every company has to cope with threats to their data and a lack of real data protection. Despite this, businesses continue to underfund network security solutions. Additionally, this program has a high initial setup cost and demands ongoing maintenance, which is predicted to delay acceptance for a short while. Small and medium-sized organizations can implement cost-effective security solutions based on their requirements and business operations, despite the high cost of solutions and the rising number of assaults.
Global Network Security Market Report Snapshots
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