From Globe Newswire: 2025-05-12 10:00:00

The Network Security Market was valued at USD 22.2 billion in 2023, projected to reach USD 79.7 billion by 2032, growing at a CAGR of 15.29%. Major players include Cisco, Palo Alto Networks, and Fortinet. The U.S. market is expected to reach USD 20.1 billion by 2032, driven by cyber threats and digital transformation.

The on-premise segment dominated the market in 2023, accounting for 59% of revenue share, favored by industries with data privacy needs. Cloud segment is projected to register the fastest CAGR due to scalability and cost-effectiveness. Firewalls dominated the market, while VPN segment is expected to grow fastest.

Large enterprises accounted for 59% of revenue share in the network security market, investing in high-end security infrastructure. SMEs are predicted to grow faster, acknowledging the need for effective security solutions. IT and telecommunications segment dominated the market, while manufacturing segment is expected to grow fastest.

North America dominated the network security market, with Asia Pacific registering the fastest CAGR. Key regional coverage includes North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Increasing cyber threats and rising awareness of data breach risks are driving market demand. The Asia Pacific region is expected to see the fastest growth in network security solutions due to ongoing digital transformation, increased internet penetration, and government investments in IT infrastructure. Recent developments in 2024 include updates from Palo Alto Networks and Cisco Systems to enhance security features.

SNS Insider, a leading market research agency, provides valuable insights and data to help clients navigate changing market conditions. They use surveys, video talks, and focus groups to gather accurate market data and consumer insights. The company aims to empower clients to make informed decisions with confidence.

Key points covered in the network security market report include market dynamics impact analysis, statistical insights, competitive landscape, and regional analysis. The report also delves into market segmentation by deployment, type, industry, and features company profiles and best practices for network security.

For more information on related topics, check out reports on Zero Trust Security Market, Container Security Market, BFSI Security Market, and Cloud Data Security Market for in-depth insights into the latest trends and developments in the cybersecurity industry.



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