According to the market research report released by Technavio, the global network security market is expected to accelerate at a CAGR close to 5% during the forecast period. The increased usage of M2M communication in enterprises is one of the key factors triggering the growth of the market.
This research report titled ˜Global Network Security Market 2018-2022 provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global network security market into the following type:
In 2017, the hardware segment accounted for 60% of the global market and is projected to decline to 53% by 2022, exhibiting almost 7% decrease in market share.
Global network security market: Top emerging trend
The increased adoption of BYOD is an emerging trend in this market space. Enterprise mobility has gained ground in the corporate world in response to employees’ preferences to use their smartphones, tablets, and portable computers at work. BYOD demands specific network security solutions and IT service delivery frameworks to guarantee electronically secure and productive work environments.
The growth in BYOD results in more number of operating systems and mobile devices such as iOS, Android, Windows, smartphones, and tablets in the company that can access secure computer networks with more network security solution. The reason for the implementation of BYOD program is to provide a cost-effective solution, mobility to employees, and enhance productivity. BYOD program helps firms reduce their cost by minimizing capital expenditure and improving efficiency.
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Technavios sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavios report provides expert market research on the following topics:
- Market Outline
- Global Network Security Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by type (hardware and software)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Cisco Systems, Hewlett Packard Enterprise, Honeywell International, IBM, and Siemens)
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