PUBLISHER: The Business Research Company | PRODUCT CODE: 1693355
PUBLISHER: The Business Research Company | PRODUCT CODE: 1693355
Network security software is a specialized program designed to safeguard a network from unauthorized access, use, disclosure, disruption, modification, or destruction. It plays a crucial role in protecting sensitive data, devices, and applications within a network.
The primary types of network security include firewalls, antivirus and anti-malware software, virtual private networks (VPNs), wireless security, and other specialized solutions. Firewalls act as network security devices that monitor and filter incoming and outgoing network traffic based on predefined security rules. These security solutions can be deployed either on-premises or in the cloud, catering to organizations of various sizes such as small enterprises, medium-sized enterprises (SMEs), and large enterprises. They are also utilized across diverse industry verticals including aerospace and defense, government, banking, financial services, and insurance (BFSI), information technology (IT) and telecommunications, healthcare, retail, manufacturing, energy and utilities, among others.
The network security software market research report is one of a series of new reports from The Business Research Company that provides network security software market statistics, including network security software industry global market size, regional shares, competitors with a network security software market share, detailed network security software market segments, market trends and opportunities, and any further data you may need to thrive in the network security software industry. This network security software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The network security software market size has grown rapidly in recent years. It will grow from $27.33 billion in 2024 to $30.84 billion in 2025 at a compound annual growth rate (CAGR) of 12.8%. 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 $49.5 billion in 2029 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.
The rising incidence of cyber attacks is projected to drive the growth of the network security software market in the near future. Cyber attacks encompass various threats and risks to information systems, networks, and computer infrastructure. Network security software plays a crucial role in cybersecurity by serving as a protective barrier between the internal network and external sources, permitting only authorized traffic to pass. For example, in November 2023, the Australian Signals Directorate released its 2023 Cyber Threat Report, revealing that nearly 94,000 cybercrime reports were submitted to ReportCyber during the 2022-23 financial year, marking a 23% increase compared to the previous year. Consequently, the growing number of cyber attacks is fueling the demand for network security software.
Major players in the network security software market are advancing their offerings by developing innovative solutions, such as AI network security software, to maintain a competitive edge. AI Network Security software utilizes 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, introduced NDR 1.4.1, a cutting-edge network security software. This AI-powered solution integrates Network Detection & Response (NDR) with Network Forensics capabilities, leveraging AI and machine learning to analyze network traffic and user behavior. By doing so, it enables advanced threat detection, including malware, data breaches, and insider threats, thereby bolstering network security measures.
In November 2023, SonicWall, a cybersecurity company based in the US, acquired Solutions Granted, Inc. (SGI) for an undisclosed sum. This strategic move is geared towards enhancing SonicWall's dedication to its partners and delivering comprehensive security solutions to its channel community. The acquisition is anticipated to furnish market-leading flexibility and options for Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs), thereby solidifying SonicWall's position in the cybersecurity sector. Solutions Granted Inc. (SGI) specializes in providing cyber security solutions tailored for the MSP channel.
Major companies operating in the network security software market report are AT&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
North America was the largest region in the network security software market in 2024. The regions covered in the network security software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the network security software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The network security software market consists of revenues earned by intrusion detection services, antivirus detection, and access control services. The market value includes the value of related goods sold by the service provider or included within the service offering. The network security software market also includes sales of intrusion detection systems and encryption tools. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Network Security Software Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on network security software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for network security software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The network security software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.