Network Security Software Market

Network Security Software Market by Component (Solutions (Firewall, Antivirus/Antimalware, and SWG) and Services (Professional Services and Managed Services)), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2024

Report Code: TC 7270 Jul, 2019, by marketsandmarkets.com

[152 Pages Report] The global network security software market size is expected grow from USD 13.5 billion in 2019 to USD 22.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period. With a rise in the number of malware attacks and increase in the adoption of the Bring Your Own Device (BYOD) trend, the demand for network security software solutions is also expected rise. Therefore, this demand might aid in the significant growth of the market. Moreover, cumbersome administration and recovery after threat detection are some factors expected to drive the market.

Network Security Software Market

Network Access Control to grow at the highest CAGR during the forecast period

Network security software solutions include firewall, antivirus/antimalware, NAC, Data Loss Prevention (DLP), Intrusion Detection System/Intrusion Prevention System (IDS/IPS), secure web gateways, Distributed Denial of Service (DDoS) mitigation, Unified Threat Management (UTM), vulnerability scanning, sandboxing, and others (compliance management, Uniform Resource Locator [URL] filtering, and network and software auditing). The firewall segment is expected to dominate the market during the forecast period and is estimated to have the largest market size in 2019. The NAC solution is expected play a key role in changing the network security software marketspace. Thus, the NAC segment is expected to grow at the highest CAGR during the forecast period. The NAC solutions enables enterprises to access the network nodes securely. Some capabilities of the NAC include incidence response, policy lifecycle management, guest networking access, and security posture check.

Government vertical to account for the largest market size in 2019

The government vertical is expected to hold the largest market size in the network security software market in 2019. With the increasing use of mobility, the public sector across the world has started using mobile devices to enhance workers’ productivity and improve the working of public sector departments. The government vertical deals with highly sensitive and confidential information about the country and its people. This sensitive information is readily available and used by public with the help of advanced technologies, such as mobile, social media, and cloud. Moreover, the increased use of the technologies has led to a rise in cyberattacks, thefts, and gaining data through unauthorized accesses. The network security software helps in improving the security of data and critical information, and reduces the risk of unidentified access. The government vertical is increasingly adopting network security solutions, as they are cost-effective.

Network Security Software Market

North America to hold the largest market size during the forecast period

North America is estimated to account for the largest market size in the network security software market. Early adoption of network security software solutions and the presence of several vendors that provide Distributed Denial of Service (DDoS) protection and mitigation are expected to drive market growth in the region. Businesses in the region are increasingly implementing network security software solutions to detect and prevent threats at an early stage. Furthermore, a rapid economic growth in the developing countries and the improving regulatory reforms and economic stability are driving the market growth in Asia Pacific (APAC).

Key Network Security Software Market Players

Major vendors in the network security software market are Cisco Systems (US), SolarWinds (US), IBM (US), Trend Micro (Japan), FireMon(US), Symantec, (US),  FireEye(US), GFI Software (Malta), Avast Software (US), WatchGuard (US), Bitdefender (US), Webroot (US), AT&T (US), Qualys (US), and Juniper Networks (US).

Scope of the report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD )

Segments covered

Component, Deployment Mode, Organization Size, Vertical, and Region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies Covered

Cisco Systems (US), SolarWinds (US), IBM (US), Trend Micro (Japan), FireMon(US), Symantec, (US),  FireEye(US), GFI Software (Malta), Avast Software (US), WatchGuard (US), Bitdefender (US), Webroot (US), AT&T (US), Qualys (US), and Juniper Networks (US).

The research report categorizes the network security software market based on component (solutions and services), deployment mode, organization size, vertical, and region.

By component, the network security software market has the following segments:

  • Solutions
    • Firewall
    • Antivirus/Antimalware
    • Network Access Control (NAC)
    • Data Loss Prevention
    • IDS/IPS
    • Secure Web Gateways
    • DDoS Mitigation
    • Unified Threat Management
    • Vulnerability Scanning
    • Sandboxing      
    • Others* (Compliance Management, Uniform Resource Locator [URL] Filtering, Network and Software Auditing)
  • Services
    • Professional
      • Design and Implementation
      • Consulting
      • Training and Education
      • Support and Maintenance
    • Managed Services

By deployment mode, the market has the following segments:

  • On-premises
  • Cloud

By organization size, the market has the following segments:

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By vertical, the market has the following segments:

  • Aerospace and Defense
  • Government
  • Banking, Financial Services, And Insurance (BFSI)
  • Information Technology (IT) and Telecommunication
  • Healthcare
  • Retail
  • Manufacturing
  • Energy and Utilities
  • Others (ISP hosting, Media and Entertainment [including gaming], and Transport and Logistics)

By region, the network security software market has the following segments:

  • North America
    • United States (US)
    • Canada
  • Europe
    • United Kingdom (UK)
    • Germany
    • Rest of Europe
  • APAC
    • China
    • India
    • Australia and New Zealand
    • Rest of APAC
  • Middle East and Africa (MEA)
    • Middle East
    • Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments

  • In June 2019, Cisco launched Artificial Intelligence (AI) Network Analytics that will enable Information Technology (IT) teams to function at machine speed and scale through personalized network insights. Cisco has also unveiled innovations to effectively manage users and applications across the entire enterprise network— from campus networks and Wide Area Networks (WANs) to data centers and the Internet of Things (IoT) edge.
  • In January 2019, IBM partnered with Juniper Networks to manage Juniper Network’s existing infrastructures, which include data centers, help desks, and data and voice networks. As per this partnership, IBM would combine its services platform with Watson to manage Juniper Network’s infrastructure.

Key Questions addressed by the report

  • What are new market segments to focus over the next 2–5 years for prioritizing the efforts and investments?
  • Which are the key players in the market and how intense is the competition?
  • What are the new innovations and developments introduced by the major market players?
  • What are the driving factors, opportunities, restraints, and challenges that drive or hamper the growth of the network security software market?
  • What are the regulatory implications that impact the market directly and indirectly?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
           1.3.3 Years Considered for the Study
    1.4 Currency Considered
    1.5 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primary Profiles
                    2.1.2.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Assumptions for the Study
    2.6 Limitations of the Study

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Market Opportunities in the Network Security Software Market
    4.2 Market By Component, 2019
    4.3 Market By Service, 2019–2024
    4.4 Market By Professional Service, 2019
    4.5 Market By Solution, 2019
    4.6 Market By Organization Size, 2019
    4.7 Market By Deployment Mode, 2019
    4.8 Market Investment Scenario
    4.9 Market Top 3 Verticals

5 Market Overview and Industry Trends (Page No. - 40)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Network Security and Privacy Concerns
                    5.2.1.2 Stringent Regulations and Need for Compliances to Drive the Adoption of Network Security Software
           5.2.2 Restraints
                    5.2.2.1 High Cost of Innovation and Budget Constraints
           5.2.3 Opportunities
                    5.2.3.1 Increase in Adoption of Cloud-Based Security Technologies
                    5.2.3.2 Integration of Advanced Deep Learning and Machine Learning Capabilities Adding Value to Network Security Software Offerings
           5.2.4 Challenges
                    5.2.4.1 Lack of Competent Cybersecurity Professionals to Handle Challenging Security Incidents
    5.3 Use Cases
           5.3.1 Use Case: Scenario 1
           5.3.2 Use Case: Scenario 2
           5.3.3 Use Case: Scenario 3

6 Market By Component (Page No. - 44)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Increasing Network-Based Attacks to Drive the Adoption of Network Security Software Solutions
    6.3 Services
           6.3.1 Demand for Seamless Experience and Personalized Services to Contribute to the Growth of Services

7 Network Security Software Market By Solution (Page No. - 48)
    7.1 Introduction
    7.2 Firewall
           7.2.1 Advanced Capabilities of Firewalls to Boost Its Growth in the Market
    7.3 Antivirus/Antimalware
           7.3.1 Increasing Diversity of Viruses to Boost the Growth of Antivirus/Antimalware Solutions
    7.4 Network Access Control
           7.4.1 Enterprises Widely Adopting Network Access Control Solutions to Ensure the Systems are Up-To-Date
    7.5 Data Loss Prevention
           7.5.1 Rising Data Breaches Caused By Adversaries Nationwide to Force Enterprises to Adopt Data Loss Prevention Solutions
    7.6 Intrusion Detection System/Intrusion Prevention System
           7.6.1 Increasing Data Breaches and Thefts to Fuel the Demand for Intrusion Detection System/Intrusion Prevention System Solutions
    7.7 Secure Web Gateways
           7.7.1 Increasing Level of Network Data Breaches to Fuel the Demand for Secure Web Gateways Solutions
    7.8 Distributed Denial-Of-Service Mitigation
           7.8.1 Weakening of Network Performance and Disruption of Internet Services to Fuel the Adoption of Distributed Denial-Of-Service Mitigation Solutions
    7.9 Unified Threat Management
           7.9.1 Unified Threat Management to Promote Filtering Based on Business Requirements
    7.10 Vulnerability Scanning
           7.10.1 Growing Need for Vulnerability Scanning to Identity Gaps and Risks in an Enterprises Security Posture
    7.11 Sandboxing
           7.11.1 Demand for Integrated and Customized Security Solutions to Support the High Growth of the Sandboxing Solution
    7.12 Others

8 Market By Service (Page No. - 59)
    8.1 Introduction
    8.2 Professional Services
           8.2.1 Design and Implementation
                    8.2.1.1 Growing Demand to Configure, Validate, and Implement the Deployment of Network Security Software Solutions to Fuel the Demand for Design and Implementation Services
           8.2.2 Consulting
                    8.2.2.1 Consulting Services Help Optimize Organizations’ Ability to Consume, Analyze, and Apply Network Security Software Solutions to Protect Their Assets
           8.2.3 Training and Education
                    8.2.3.1 Lack of Skilled Security Professionals Driving the Adoption of Training and Education Services
           8.2.4 Support and Maintenance
                    8.2.4.1 Support and Maintenance Service Providers Help Enterprises in Providing Installation, Maintenance, and Other Support Activities
    8.3 Managed Services
           8.3.1 Managed Services Gaining Popularity as They Help Organizations Meet Compliance Needs

9 Market By Deployment Mode (Page No. - 66)
    9.1 Introduction
    9.2 Cloud
           9.2.1 Low Cost of Installation, Upgrade, and Maintenance, to Increase the Adoption of Cloud-Based Network Security Software Solutions
    9.3 On-Premises
           9.3.1 Need to Secure In-House Applications, Platforms, and Systems Against Evolving Network-Based Attacks to Fuel the Demand for On-Premises Deployment Mode

10 Network Security Software Market By Organization Size (Page No. - 70)
     10.1 Introduction
     10.2 Small and Medium-Sized Enterprises
             10.2.1 Rising Security Issues Compel Small and Medium-Sized Enterprises to Focus on the Adoption of Network Security Software Solutions
     10.3 Large Enterprises
             10.3.1 Growing Need for Securing Data From Vulnerabilities to Fuel the Adoption of Network Security Software Solutions in Large Enterprises

11 Market By Vertical (Page No. - 74)
     11.1 Introduction
     11.2 Aerospace and Defense
             11.2.1 Increasing Deployment of Network Security Software in the Aerospace and Defense Vertical to Protect Information From Network-Based Cyberattacks
     11.3 Government
             11.3.1 Network Security Software to Help Improve the Security of Critical Information and Reduce the Threat of Unauthorized Access in the Government Vertical
     11.4 Banking, Financial Services, and Insurance
             11.4.1 Network Security Software to Help BFSI Vertical to Effectively Secure Sensitive Information and Ensure Data Privacy
     11.5 IT and Telecommunication
             11.5.1 Growing Need for Providing Secured Information and Network Security Services to Fuel the Growth of Network Security Software in the IT and Telecommunication Vertical
     11.6 Healthcare
             11.6.1 Growing Need for Securing Patients’ Data to Boost the Adoption of Network Security Software in the Healthcare Vertical
     11.7 Retail
             11.7.1 Retail Companies to Deploy Network Security Software for Safeguarding Customers’ Sensitive Information
     11.8 Manufacturing
             11.8.1 Growing Number of Manufacturing Units in Emerging Regions to Spur the Demand for Superior Network Connectivity, Resulting in the Adoption of Network Security Software Solutions
     11.9 Energy and Utilities
             11.9.1 Evolving Volumetric Network-Based Attacks to Fuel the Adoption of Network Security Software Solutions in the Energy and Utilities Vertical
     11.10 Others

12 Network Security Software Market By Region (Page No. - 85)
     12.1 Introduction
     12.2 North America
             12.2.1 United States
                        12.2.1.1 High Regulatory Standards and A Large Number of Vendors to Contribute to the Growth of Network Security Software in the US Market
             12.2.2 Canada
                        12.2.2.1 Increasing Migration Toward Cloud-Based Technologies to Drive the Growth of Network Security Software in Canada
     12.3 Europe
             12.3.1 United Kingdom
                        12.3.1.1 Increasing Focus to Avert Cyberattacks to Increase the Demand for Network Security Software in the UK
             12.3.2 Germany
                        12.3.2.1 Demand for Cloud-Based Solutions to Increase the Need for Network Security Software in German Organizations
             12.3.3 France
                        12.3.3.1 General Data Protection Regulation and Other Stringent Regulations to Account for A Massive Impact on the Adoption of Network Security Software
             12.3.4 Rest of Europe
     12.4 Asia Pacific
             12.4.1 China
                        12.4.1.1 Increasing Deployment of Cloud-Based Applications and Rising Cyber Attacks to Enhance the Growth of Chinese Market
             12.4.2 Japan
                        12.4.2.1 Increasing Use of Digital Solutions to Enhance Japanese Network Security Software Market
             12.4.3 India
                        12.4.3.1 Huge Adoption of Cloud and Mobile Applications By Small and Medium-Sized Enterprises to Contribute to the Growth of Network Security Software Solutions in India
             12.4.4 Australia and New Zealand
                        12.4.4.1 Demand for Cloud-Based Solutions to Increase the Need for Network Security Software in German Organizations
             12.4.5 Rest of Asia Pacific
     12.5 Middle East and Africa
             12.5.1 Middle East
                        12.5.1.1 Increasing Deployment of Cloud Technologies for Core Business Functions to Project the Growth of the Market in the Middle East
             12.5.2 Africa
                        12.5.2.1 Rising Use of Information and Communications Technology Solutions Toward Cloud Technologies to Boost the Growth of the Market
     12.6 Latin America
             12.6.1 Brazil
                        12.6.1.1 Growing Adoption of Cloud Applications By SMEs to Contribute to the Growth of Network Security Software Solutions in the Indian Industry
             12.6.2 Mexico
                        12.6.2.1 Increasing Adoption of Broadband Technologies to Drive the Market of Network Security Software Across Mexico
             12.6.3 Rest of Latin America

13 Competitive Landscape (Page No. - 112)
     13.1 Competitive Leadership Mapping
             13.1.1 Progressive Companies
             13.1.2 Responsive Companies
             13.1.3 Dynamic Companies
             13.1.4 Starting Blocks
     13.2 Key Developments in the Network Security Software Market
             13.2.1 Partnerships, Agreements, and Collaborations
             13.2.2 New Product Launches/Product Enhancements
             13.2.3 Mergers and Acquisitions
             13.2.4 Business Expansions

14 Company Profiles (Page No. - 118)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     14.1 Introduction
     14.2 Cisco
     14.3 Solarwinds
     14.4 IBM
     14.5 Trend Micro
     14.6 Symantec
     14.7 Fireeye
     14.8 Avast
     14.9 Watchguard
     14.10 Firemon
     14.11 GFI Software
     14.12 Bitdefender
     14.13 Webroot
     14.14 AT&T
     14.15 Qualys
     14.16 Juniper Networks

*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 145)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.3 Related Reports
     15.4 Author Details


List of Tables (86 Tables)

Table 1 Factor Analysis
Table 2 Network Security Software Market Size and Growth Rate, 2017–2024 (USD Million, Y-O-Y %)
Table 3 Market Size By Component, 2017–2024 (USD Million)
Table 4 Solutions: Market Size By Region, 2017–2024 (USD Million)
Table 5 Services: Market Size By Region, 2017–2024 (USD Million)
Table 6 Network Security Software Market Size, By Solution, 2017–2024 (USD Million)
Table 7 Firewall: Market Size By Region, 2017–2024 (USD Million)
Table 8 Antivirus/Antimalware: Market Size By Region, 2017–2024 (USD Million)
Table 9 Network Access Control: Market Size By Region, 2017–2024 (USD Million)
Table 10 Data Loss Prevention: Market Size By Region, 2017–2024 (USD Million)
Table 11 Intrusion Detection System/Intrusion Prevention System: Market Size By Region, 2017–2024 (USD Million)
Table 12 Secure Web Gateways: Network Security Software Market Size, By Region, 2017–2024 (USD Million)
Table 13 Distributed Denial-Of-Service Mitigation: Market Size By Region, 2017–2024 (USD Million)
Table 14 Unified Threat Management: Market Size By Region, 2017–2024 (USD Million)
Table 15 Vulnerability Scanning: Market Size By Region, 2017–2024 (USD Million)
Table 16 Sandboxing: Market Size By Region, 2017–2024 (USD Million)
Table 17 Others: Market Size By Region, 2017–2024 (USD Million)
Table 18 Network Security Software Market Size, By Service, 2017–2024 (USD Million)
Table 19 Professional Services: Market Size By Type, 2017–2024 (USD Million)
Table 20 Professional Services: Market Size By Region, 2017–2024 (USD Million)
Table 21 Design and Implementation Market Size, By Region, 2017–2024 (USD Million)
Table 22 Consulting Market Size, By Region, 2017–2024 (USD Million)
Table 23 Training and Education Market Size, By Region, 2017–2024 (USD Million)
Table 24 Support and Maintenance Market Size, By Region, 2017–2024 (USD Million)
Table 25 Managed Services: Market Size By Region, 2017–2024 (USD Million)
Table 26 Network Security Software Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 27 Cloud: Market Size By Region, 2017–2024 (USD Million)
Table 28 On-Premises: Market Size By Region, 2017–2024 (USD Million)
Table 29 Market Size By Organization Size, 2017–2024 (USD Million)
Table 30 Small and Medium-Sized Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 31 Large Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 32 Network Security Software Market Size, By Vertical, 2017–2024 (USD Million)
Table 33 Aerospace and Defense: Market Size By Region, 2017–2024 (USD Million)
Table 34 Government: Market Size By Region, 2017–2024 (USD Million)
Table 35 Banking, Financial Services, and Insurance: Market Size By Region, 2017–2024 (USD Million)
Table 36 IT and Telecommunication: Market Size By Region, 2017–2024 (USD Million)
Table 37 Healthcare: Market Size By Region, 2017–2024 (USD Million)
Table 38 Retail: Market Size By Region, 2017–2024 (USD Million)
Table 39 Manufacturing: Market Size By Region, 2017–2024 (USD Million)
Table 40 Energy and Utilities: Market Size By Region, 2017–2024 (USD Million)
Table 41 Others: Market Size By Region, 2017–2024 (USD Million)
Table 42 Network Security Software Market Size, By Region, 2017–2024 (USD Million)
Table 43 North America: Market Size By Component, 2017–2024 (USD Million)
Table 44 North America: Market Size By Solution, 2017–2024 (USD Million)
Table 45 North America: Market Size By Service, 2016–2022 (USD Million)
Table 46 North America: Market Size By Professional Service, 2017–2024 (USD Million)
Table 47 North America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 48 North America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 49 North America: Market Size By Vertical, 2017–2024 (USD Million)
Table 50 North America: Market Size By Country, 2017–2024 (USD Million)
Table 51 Europe: Network Security Software Market Size, By Component, 2017–2024 (USD Million)
Table 52 Europe: Market Size By Solution, 2017–2024 (USD Million)
Table 53 Europe: Market Size By Service, 2017–2024 (USD Million)
Table 54 Europe: Market Size By Professional Service, 2017–2024 (USD Million)
Table 55 Europe: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 56 Europe: Market Size By Organization Size, 2017–2024 (USD Million)
Table 57 Europe: Market Size By I Vertical, 2017–2024 (USD Million)
Table 58 Europe: Market Size By Country, 2017–2024 (USD Million)
Table 59 Asia Pacific: Network Security Software Market Size, By Component, 2017–2024 (USD Million)
Table 60 Asia Pacific: Market Size By Solution, 2017–2024 (USD Million)
Table 61 Asia Pacific: Market Size By Service, 2017–2024 (USD Million)
Table 62 Asia-Pacific: Market Size By Professional Service, 2017–2024 (USD Million)
Table 63 Asia Pacific: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 64 Asia Pacific: Market Size By Organization Size, 2017–2024 (USD Million)
Table 65 Asia Pacific: Market Size By Vertical, 2017–2024 (USD Million)
Table 66 Asia Pacific: Market Size By Country, 2017–2024 (USD Million)
Table 67 Middle East and Africa: Network Security Software Market Size, By Component, 2017–2024 (USD Million)
Table 68 Middle East and Africa: Market Size By Solution, 2017–2024 (USD Million)
Table 69 Middle East and Africa: Market Size By Service, 2017–2024 (USD Million)
Table 70 Middle East and Africa: Market Size By Professional Service, 2017–2024 (USD Million)
Table 71 Middle East and Africa: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 72 Middle East and Africa: Market Size By Organization Size, 2017–2024 (USD Million)
Table 73 Middle East and Africa: Market Size By Vertical, 2017–2024 (USD Million)
Table 74 Middle East and Africa: Market Size By Country, 2017–2024 (USD Million)
Table 75 Latin America: Network Security Software Market Size, By Component, 2017–2024 (USD Million)
Table 76 Latin America: Market Size By Solution, 2017–2024 (USD Million)
Table 77 Latin America: Market Size By Service, 2017–2024 (USD Million)
Table 78 Latin America: Market Size By Professional Service, 2017–2024 (USD Million)
Table 79 Latin America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 80 Latin America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 81 Latin America: Market Size By Vertical, 2017–2024 (USD Million)
Table 82 Latin America: Market Size By Country, 2017–2024 (USD Million)
Table 83 Partnerships, Agreements, and Collaborations, 2017–2019
Table 84 New Product Launches/Product Enhancements, 2018–2019
Table 85 Mergers and Acquisitions, 2017–2019
Table 86 Business Expansions, 2019


List of Figures (40 Figures)

Figure 1 Global Network Security Software Market: Research Design
Figure 2 Market Top-Down and Bottom-Up Approaches
Figure 3 Market to Witness Significant Growth in the Global Market During the Forecast Period
Figure 4 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 5 North America to Account for the Highest Market Share in 2019
Figure 6 Fastest-Growing Segments of the Network Security Software Market
Figure 7 Increasing Number of Cyberattacks to Boost the Growth of the Network Security Software Market
Figure 8 Solutions Segment to Account for A Higher Market Share During the Forecast Period
Figure 9 Professional Services Segment to Account for A Higher Market Share During the Forecast Period
Figure 10 Design and Implementation Segment to Account for the Highest Market Share in 2019
Figure 11 Firewall Segment to Account for the Highest Market Share in 2019
Figure 12 Large Enterprises Segment to Account for A Higher Market Share in 2019
Figure 13 On-Premises Segment to Account for A Higher Market Share in 2019
Figure 14 Asia Pacific to Emerge as the Best Market for Investments in the Next 5 Years
Figure 15 Government Vertical to Account for the Largest Market Size in 2019
Figure 16 Drivers, Restraints, Opportunities, and Challenges: Network Security Software Market
Figure 17 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 18 Network Access Control Segment to Record for the Highest CAGR During the Forecast Period
Figure 19 Managed Services Segment to Record A Higher CAGR During the Forecast Period
Figure 20 Consulting Segment to Record the Highest CAGR During the Forecast Period
Figure 21 Cloud Segment to Grow at A Higher CAGR During the Forecast Period
Figure 22 Small and Medium-Sized Enterprises Segment Grow at A Higher CAGR During the Forecast Period
Figure 23 Healthcare Vertical to Grow at the Highest CAGR During the Forecast Period
Figure 24 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 25 North America: Market Snapshot
Figure 26 Asia Pacific: Market Snapshot
Figure 27 Global Network Security Software Market: Competitive Leadership Mapping for Startups, 2019
Figure 28 Key Developments By the Leading Players in the Network Security Software Market, 2017–2019
Figure 29 Cisco: Company Snapshot
Figure 30 Cisco: SWOT Analysis
Figure 31 Solarwinds: Company Snapshot
Figure 32 Solarwinds: SWOT Analysis
Figure 33 IBM: Company Snapshot
Figure 34 IBM: SWOT Analysis
Figure 35 Trend Micro: Company Snapshot
Figure 36 Trend Micro: SWOT Analysis
Figure 37 Symantec: Company Snapshot
Figure 38 Symantec: SWOT Analysis
Figure 39 Fireeye: Company Snapshot
Figure 40 Avast: Company Snapshot

The study involved 4 major activities in estimating the current market size for network security software market. An extensive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakup and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

The market size of companies offering network security software solutions and services globally was derived with the help of the secondary data available through paid and unpaid sources. In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva, have been referred to for identifying and collecting information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications such as SC Magazine, Cyber Defense Magazine, DarkReading; and articles from recognized authors, directories, and databases. Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification, and segmentation according to the industry trends to the bottom most level, regional markets, and key developments from both, the market and technology-oriented perspectives, all of which were further validated by primary sources.

Primary Research

The network security software market comprises several stakeholders, such as network security software solution and service vendors, Independent Software Vendors (ISVs), network security software vendors, cloud service providers, third-party providers, system integrators, Value-Added Resellers (VARs), Information Technology (IT) security agencies, consulting firms, Managed Security Service Providers (MSSPs), and research organizations. The primary sources included industry experts from the core and related verticals, and preferred suppliers, manufacturers, distributors, service providers, technology developers, and technologists from companies and organizations related to all the segments of the network security software market’s value chain. In-depth interviews were conducted with various primary respondents, including Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology, fraud detection experts, and innovation directors, and related key executives from various key companies and organizations operating in the market, to obtain and verify critical qualitative and quantitative information, as well as assess the market’s prospects. The market was estimated by analyzing various driving factors, restraints, opportunities, challenges, industry trends, and key players’ strategies in the market space.

Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Network Security Software Market

To know about the assumptions considered for the study, download the pdf brochure

Network Security Software Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the market. The methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size, using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakup procedures were employed, wherever applicable. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list the key information/insights throughout the report.

Report Objectives

  • To define, segment, and project the global market size for network security software market
  • To define, describe, and forecast the market by component (solutions, and services), deployment type, organization size, vertical, and region
  •  To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze the micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders by identifying the high growth segments of the market
  • To forecast the market size of the segments with respect to major regions, such as North America, Europe, Asia Pacific (APAC), Middle East, and Africa (MEA), and Latin America.
  • To profile the key players in the market and comprehensively analyze their market size and core competencies
  • To track and analyze competitive developments, such as new product launches; mergers and acquisitions; business expansions; partnerships, agreements, and collaborations in the global network security software market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakup of the North American network security software market
  • Further breakup of the European market
  • Further breakup of the APAC market
  • Further breakup of the MEA market
  • Further breakup of the Latin American market

Company Information

  • Detailed analysis and profiling of the additional market players

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Related Technologies/Products

 

Adjacent Markets

Mar. Size
2018
CAGR 2018-23

Competitive Landscape

 
 
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Report Code
TC 7270
Published ON
Jul, 2019
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