DUBLIN, March 23, 2022–(BUSINESS WIRE)–The “Global Network Security Software Market (2021-2026) by Component, Deployment Mode, Organization, Vertical, Geography, Competitive Analysis, and Covid-19 Impact with Ansoff Analysis” report has been added to from ResearchAndMarkets.com offer.
The Global Network Security Software Market is estimated to be valued at USD 14.78 Billion in 2021 and is projected to reach USD 28.45 Billion by 2026, growing at a CAGR of 13.99%.
The key factors are increase in network security and privacy issues will drive this market growth. The growing demand for network security packages in the government sector is acting as a market driver. The growing range of SMBs will also increase the adoption of network security software.
Rapid adoption of recent technologies in the country and growing specialization in security is driving the market forward – an increase in the adoption of cloud-based security technologies is creating opportunities in the network security software market. The growth of the network security software market is driven by the integration of advanced deep learning and machine learning capabilities. Strict laws and standards also promote the expansion of this market. The complexity related to the budget acts as a limiting issue for this market growth. The high investment value also hampers the development of this market.
Market segmentation
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The global network security software market is further segmented on the basis of components, mode of deployment, organization, vertical, and geography.
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By component type, the market is categorized into solutions and services.
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By type of deployment mode, the market is categorized as on-premises and cloud-based.
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By type of organization, the market is classified as small and medium enterprises and large enterprises.
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By vertical, the market is categorized as Aerospace & Defense, Government, Banking, Financial Services & Insurance, Healthcare, Retail, Manufacturing, Energy & Utilities, and Others.
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Based on geography, America is expected to dominate the market over the forecast period.
Competitive quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc
Why buy this report?
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The report offers a comprehensive assessment of the global network security software market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.
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The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.
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The report includes an in-depth analysis of the market using Porter’s 5 forces model and Ansoff’s matrix. The impact of Covid-19 on the market is also presented in the report.
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The report also contains competitive analysis using a Competitive Quadrant, the analyst’s proprietary competitive positioning tool.
Market dynamics
Drivers
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Increased network security and privacy concerns
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Growing demand in the government sector
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Increase in technology adoption
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Growing concern among businesses
Constraints
Opportunities
Challenges
Companies cited
For more information on this report, visit https://www.researchandmarkets.com/r/fq00g6
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220323005547/en/
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