Network Security Software Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | AT and T Inc., International Business Machines Corporation, Cisco Systems Inc., Broadcom Inc., Palo Alto Networks Inc., Juniper Networks Inc.,

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2153

The Business Research Company offers in-depth market insights through Network Security Software Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The network security software market size has grown rapidly in recent years. It will grow from $24.21 billion in 2023 to $27.33 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to increasing cyber threats, compliance and data privacy concerns, rise in remote work practices, digital transformation initiatives, high-profile data breaches, need for continuous monitoring.The network security software market size is expected to see rapid growth in the next few years. It will grow to $43.94 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to increased focus on cloud security, regulatory changes and cybersecurity standards, expanded remote work scenarios, growing sophistication of cyber threats, focus on user and entity behavior analytics (UEBA). Major trends in the forecast period include zero trust architecture, AI-powered threat detection, cloud-based security solutions, identity and access management (IAM) integration, IoT security measures, behavioral analytics.

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Market Segmentation:
The network security software market covered in this report is segmented -

1) By Type: Firewalls, Antivirus And Anti-Malware Software, Virtual Private Network(VPN), Wireless Security, Other Types
2) By Deployment: On-Premises, Cloud
3) By Organization Size: Small Enterprises, Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Vertical: Aerospace And Defense, Government, Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecommunication, Healthcare, Retail, Manufacturing, Energy And Utilities, Other Verticals

Major Driver - Rising Cyber Attacks Drive Growth In Network Security Software Market
The increasing number of cyber attacks is expected to propel the growth of the network security software market going forward. Cyber attacks refer to potential dangers and risks to information systems, networks, and computer infrastructure. Network security software is used in cybersecurity by acting as a barrier between the internal network and the external world, only allowing authorized traffic to pass through. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australia-based government agency, the number of cybercrime reports received in 2021-2022 was 76,000, an increase of nearly 13% from the 2020-2021 financial year. Therefore, the increasing number of cyber attacks is driving the network security software market.

Competitive Landscape:
Major companies operating in the network security software market report are AT and T Inc., International Business Machines Corporation, Cisco Systems Inc., Broadcom Inc., Palo Alto Networks Inc., Juniper Networks Inc., Open Text Corp., Fortinet Inc., Check Point Software Technologies Ltd., Trend Micro Inc., Kaspersky Lab, SolarWinds Corporation, FireEye Inc., Qualys Inc., SonicWall, Avast PLC, McAfee LLC, AO Kaspersky Lab, FireMon LLC., GFI USA Inc., SOFTWIN SRL, Enterprise Security, Symantec Corporation, WatchGuard Technologies Inc., Musarubra US LLC

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Top Trend - Tech Advancements Propel Growth for Network Security Software Companies
Major companies operating in the network security software market are developing software, such as AI network security software, to gain a competitive edge in the market. AI Network Security software refers to solutions that leverage Artificial Intelligence (AI) and Machine Learning (ML) techniques to automate and enhance various aspects of network security. For instance, in January 2024, Vehere, a US-based cybersecurity software company, launched NDR 1.4.1, a network security software. It's an AI-powered solution that combines Network Detection & Response (NDR) and Network Forensics capabilities. It utilizes AI and machine learning to analyze network traffic and user behavior for advanced threat detection, including malware, data breaches, and insider threats.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Network Security Software Market Characteristics
3. Network Security Software Market Trends And Strategies
4. Network Security Software Market - Macro Economic Scenario
5. Network Security Software Market Size And Growth
…..
27. Network Security Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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