According to the Market Statsville Group (MSG), the global Network Security Management Market size is expected to grow from USD 25,038.5 million in 2021 to USD 98,216.6 million by 2030, at a CAGR of 16.4% from 2022 to 2030. A network's security involves many technologies, devices, and processes. Software and hardware policies and configurations protect the confidentiality, integrity, and accessibility of computer networks and data. To protect itself from cyber threats, every organization requires network security solutions regardless of size, industry, or infrastructure.

Furthermore, the growing need for cloud technology security solutions drives the network security market.

Global Network Security Management Market Definition

Network security manages and protects the underlying networking infrastructure from unauthorized access, theft, or misuse. It entails establishing a secure infrastructure that allows devices, applications, users, and applications to operate safely. Network security typically consists of three different types of controls: technical, physical, and administrative.

The technical security controls protect data on the network, in transit, and out of the network.

Physical security measures are intended to keep unauthorized employees from physically accessing network equipment like routers and cable cabinets.

Administrative security controls include security policies and processes that manage and assist user behavior, including how users are authenticated.

COVID-19 Impact on the Global Network Security Management Market

During the COVID-19 pandemic, people are doing their work from home to contain the spread of COVID-19. It made the working environment more vulnerable to cyber-attacks. Remote work raises the risk of intrusions, Man-in-the-Middle (MITM) attacks, and spear phishing. In addition, the need for an advanced network solution is expected to grow in the forecast period.

Scope of the Global Network Security Management Market

The study categorizes the network security management market based on component, solution, services, deployment, organization size, and industry vertical at the regional and global levels.

By Component (Revenue, USD Million, 2017-2030)

• Solution
• Services

By Solution (Revenue, USD Million, 2017-2030)

• Retail Firewall
• Antivirus/Antimalware
• Network Access Control (NAC)
• Data Loss Prevention
• IDS/IPS
• Secure Web Gateways
• DDoS Mitigation
• Unified Threat Management
• Others

By Services (Revenue, USD Million, 2017-2030)

• Professional Services
• Managed Services

By Deployment (Revenue, USD Million, 2017-2030)

• On-premise
• Cloud

By Organization Size (Revenue, USD Million, 2017-2030)

• Large Enterprise
• Small and Medium Enterprise

By Industry vertical (Revenue, USD Million, 2017-2030)

• Aerospace and Defense
• Government
• Banking, Financial Services, And Insurance (BFSI)
• Information Technology (IT) and Telecommunication
• Healthcare
• Retail
• Manufacturing
• Energy and Utilities
• Others

By Region Outlook (Revenue, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • Slovenia
  • Slovakia
  • the Netherlands
  • Belgium
  • Norway
  • Denmark
  • Czech Republic
  • Sweden
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • The Philippines
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Cloud segment is witnessed to account for the highest market share by deployment

Based on the deployment, the global network security management market is divided into on-premises and cloud. In 2021, the cloud-based solution segment accounted for the highest market share. Many businesses of all sizes are migrating to cloud networks, which means more sensitive data is stored in the cloud because it reduces the chances that an unauthorized user can access, change, or destroy information on a public or private cloud. Nonetheless, managing applications in the cloud also introduces new potential cybersecurity exposures.

North America accounts for the highest CAGR during the forecast period

Globally, North America is estimated to hold the highest CAGR in the global network security management market during the forecast period. The region includes the countries such as the US, Canada, and Mexico. North America is expected to hold the highest share because of the fastest-growing software adoption rates and the high prevalence of network solutions among businesses. Furthermore, the market for network security is growing rapidly due to the growing demand for data loss prevention and data backup solutions among users in the European region.

Key Market Players in the Global Network Security Management Market

The network security management market is mildly concentrated in nature, with few numbers of global players operating in the market, such as:

• InstaSafe
• Lucideus
• XenArmor
• Nevis Networks
• Apliiq
• IBM
• Symantec
• FireEye
• GFI Software
• Avast Software
• Juniper Networks

Recent Developments

• In March 2022, IBM Security launched a new and improved service to assist organizations in managing cloud security strategies, policies, and controls across hybrid cloud environments. The service combines cloud-native, IBM, and third-party technologies as well as IBM expertise to ensure that organizations have a unified approach to security across their cloud ecosystems.
• In September 2021, Ingram Micro partnered with InstaSafe for Cloud Security Solutions. InstaSafe helps organizations provide distributed teams with secure access to critical applications by replacing obsolete hardware-based solutions with a highly scalable, cloud-based security solution. By simplifying network security and enabling users to access enterprise applications securely, InstaSafe empowers organizations on their digital transformation journey.

Key Issues Addressed

• What is the market size by various segmentation of the network security management by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the network security management market?
• What are the key opportunities and trends for manufacturers involved in the network security management supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of network security management in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market