PUBLISHER: TechNavio | PRODUCT CODE: 1603695
PUBLISHER: TechNavio | PRODUCT CODE: 1603695
Network Security Appliance Market 2024-2028
The network security appliance market is forecasted to grow by USD 7951.2 mn during 2023-2028, accelerating at a CAGR of 8.2% during the forecast period. The report on the network security appliance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for enhanced security in network infrastructure, increase in adoption of cloud-based services, and increasing adoption of hpc systems by businesses and enterprises.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 7.4% |
CAGR | 8.2% |
Incremental Value | $7951.2 mn |
Technavio's network security appliance market is segmented as below:
By End-user
By Geographical Landscape
This study identifies the rising incidence of cyberattacks as one of the prime reasons driving the network security appliance market growth during the next few years. Also, increasing use of iot and growing adoption of network security appliances among smes and government bodies will lead to sizable demand in the market.
The report on the network security appliance market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading network security appliance market vendors that include Barracuda Networks Inc., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Elliott Investment Management LP, F5 Inc., Fortinet Inc., GFI USA Inc., Hanwha Corp., Hewlett Packard Enterprise Co., Honeywell International Inc., Intel Corp., International Business Machines Corp., Juniper Networks Inc., McAfee LLC, NetScout Systems Inc., Palo Alto Networks Inc., Qualys Inc., Siemens AG, and Sophos Ltd.. Also, the network security appliance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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