Pune, India -- (SBWIRE) -- 06/14/2019 -- The growing popularity of artificial intelligence (AI) and internet of things (IoT) technologies is responsible for propelling the growth in the global network security market. Fortune Business Insights shared this information in a report, titled "Network Security Market Size, Share and Global Trend By Solutions (Risk management, Unified threat management (UTM) and others), By Deployment (Cloud, On-premises and Others), By Industry Vertical (BFSI, E-commerce Retail and others) and Geography Forecast till 2025. In information security, network security plans and implements networking security measures to restrict illegal access of networks and applications.
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Network security solutions protect all kinds of cyber threats such as viruses, malware, trojans, password attacks, phishing, and others. Network security or cyber security offers technical solutions, which include data loss protection (DLP), identity and access management (IAM), disaster recovery, and antimalware. With the advent of cloud-based servers, the network security market is expected to register ample opportunities regarding sharing internet services across the world.
Adoption of Disruptive Technologies by the U.S. Companies Helps the Market to Lead in North America
In 2017-18, North America covered a major share as per revenue in the global network security market. The region is expected to maintain is dominance throughout the forecast years. Large enterprises in the U.S. are increasingly planning to adopt disruptive and innovative networking security solutions owing to rise in cyber-attacks. This is expected to drive the market in the region by 2025. Increasing awareness about cyber security crimes in small-scale and medium-scale organizations is anticipated to augment demand for network security models in North America.
The market in Asia Pacific is projected to expand in the coming years. Countries such as India, Japan, and China are likely to grow in the field of network security. Moreover, rising popularity of digitization in these countries is resulting in different types of cybercrimes activities. Hence the governments in this region are planning to deploy robust network security solutions to minimize the negative impact of cyber-attacks.
Emergence of BYOD Trend Moves the Market in Upward Direction The rising adoption of cloud computing technologies acts as a potential growth trigger in the global network security market. This, coupled with growing IT investments by private and government organizations, is responsible for positively impacting the market.
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In addition to this, blockchain technology is gaining traction in several organizations, thus encouraging companies to adopt cyber security solutions. Another factor driving the market is the high adoption of e-commerce platforms as these platforms ensure faster and efficient business processes. Deployment of machine learning in servers acts as potential growth enablers in the market. Network security solutions help to reduce the cost of data storage, which in turn, is expected to fuel demand for these solutions in the coming years.
"Organizations are increasingly accepting the bring your own device (BYOD) trend, thus making the devices more vulnerable to threats," said a lead analyst at Fortune Business Insights. "Rising number of mobile devices in such organizations is further making it difficult for IT experts to manage the data flow effectively. Hence, organizations are expected to adopt network security systems in order to protect the confidential information and avoid any cyber threats," he added. On the flip side, technical defects and threats from open-source network solutions are projected to inhibit the growth of the market in the next few years. Furthermore, complex network infrastructure may hamper the market's growth to an extent.
Sonic Wall's New AI-based Network Security Solution Offers Real-time Information
Some of the leading companies operating in the global network security market are WatchGuard, Fortinet Inc., Juniper Networks Inc., Check Point Software Technologies Ltd., IBM ISS, Assured Digital, CyberGuard, Lucent, McAfee, SonicWall, Network Associates, and Cisco Systems Inc. Among these, Cisco merged with Luxtera Inc. in the year 2018 and developed a cloud-based operating system (OS). This OS is enabled with a technology called silicon photonics which offers hybrid security for data centers. The system was developed to strengthen security and networking business.
With the help of cloud-based technology, companies are designing networking security solutions to help other organizations from any possible cyber-attacks. For instance, Sonic Wall designed a new cloud platform called Zero-touch Deployment in June 2018. It is an AI-based platform and helps organizations to receive real-time information on risk scoring and threat intelligence.
Symtantec Corporation designed a ubiquitous security analytics platform which works on big data analytics and offers real-time information on cyber threats.
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