Network Security Management In-Depth Market Intelligence Study for Comprehensive Insights

According to the Market Statsville Group (MSG), the Global Network Security Management Market size is expected to grow from USD 25,038.5 million in 2021 to USD 98,216.6 million by 2030, at a CAGR of 16.4% from 2022 to 2030. A network's security involves many technologies, devices, and processes. Software and hardware policies and configurations protect the confidentiality, integrity, and accessibility of computer networks and data. To protect itself from cyber threats, every organization requires network security solutions regardless of size, industry, or infrastructure.

Furthermore, the growing need for cloud technology security solutions drives the network security market.

Global Network Security Management Market Definition

Network security manages and protects the underlying networking infrastructure from unauthorized access, theft, or misuse. It entails establishing a secure infrastructure that allows devices, applications, users, and applications to operate safely. Network security typically consists of three different types of controls: technical, physical, and administrative.

The technical security controls protect data on the network, in transit, and out of the network.

Physical security measures are intended to keep unauthorized employees from physically accessing network equipment like routers and cable cabinets.

Administrative security controls include security policies and processes that manage and assist user behavior, including how users are authenticated.

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Scope of the Global Network Security Management Market

The study categorizes the network security management market based on component, solution, services, deployment, organization size, and industry vertical at the regional and global levels.

By Component (Revenue, USD Million, 2017-2030)

Solution

Services

By Solution (Revenue, USD Million, 2017-2030)

Retail Firewall

Antivirus/Antimalware

Network Access Control (NAC)

Data Loss Prevention

IDS/IPS

Secure Web Gateways

DDoS Mitigation

Unified Threat Management

Others

By Services (Revenue, USD Million, 2017-2030)

Professional Services

Managed Services

By Deployment (Revenue, USD Million, 2017-2030)

On-premise

Cloud

By Organization Size (Revenue, USD Million, 2017-2030)

Large Enterprise

Small and Medium Enterprise

By Industry vertical (Revenue, USD Million, 2017-2030)

Aerospace and Defense

Government

Banking, Financial Services, And Insurance (BFSI)

Information Technology (IT) and Telecommunication

Healthcare

Retail

Manufacturing

Energy and Utilities

Others

By Region Outlook (Revenue, USD Million, 2017-2030)

North America

US

Canada

Mexico

Europe

Germany

Italy

France

UK

Spain

Poland

Russia

Slovenia

Slovakia

the Netherlands

Belgium

Norway

Denmark

Czech Republic

Sweden

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Indonesia

Malaysia

Thailand

Vietnam

The Philippines

Singapore

Australia & New Zealand

Rest of Asia Pacific

South America

Brazil

Argentina

Colombia

Rest of South America

The Middle East & Africa

Saudi Arabia

UAE

South Africa

Northern Africa

Rest of MEA

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Cloud segment is witnessed to account for the highest market share by deployment

Based on the deployment, the global network security management market is divided into on-premises and cloud. In 2021, the cloud-based solution segment accounted for the highest market share. Many businesses of all sizes are migrating to cloud networks, which means more sensitive data is stored in the cloud because it reduces the chances that an unauthorized user can access, change, or destroy information on a public or private cloud. Nonetheless, managing applications in the cloud also introduces new potential cybersecurity exposures.

North America accounts for the highest CAGR during the forecast period

Globally, North America is estimated to hold the highest CAGR in the global network security management market during the forecast period. The region includes the countries such as the US, Canada, and Mexico. North America is expected to hold the highest share because of the fastest-growing software adoption rates and the high prevalence of network solutions among businesses. Furthermore, the market for network security is growing rapidly due to the growing demand for data loss prevention and data backup solutions among users in the European region.

Key Market Players in the Global Network Security Management Market

The network security management market is mildly concentrated in nature, with few numbers of global players operating in the market, such as:

InstaSafe

Lucideus

XenArmor

Nevis Networks

Apliiq

IBM

Symantec

FireEye

GFI Software

Avast Software

Juniper Networks

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Recent Developments

In March 2022, IBM Security launched a new and improved service to assist organizations in managing cloud security strategies, policies, and controls across hybrid cloud environments. The service combines cloud-native, IBM, and third-party technologies as well as IBM expertise to ensure that organizations have a unified approach to security across their cloud ecosystems.

In September 2021, Ingram Micro partnered with InstaSafe for Cloud Security Solutions. InstaSafe helps organizations provide distributed teams with secure access to critical applications by replacing obsolete hardware-based solutions with a highly scalable, cloud-based security solution. By simplifying network security and enabling users to access enterprise applications securely, InstaSafe empowers organizations on their digital transformation journey.

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