Network Security Market Overview, Cost Structure Analysis, Growth Opportunities and Forecast to 2029

 The global “Network Security Market” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled " Network Security Market Size, Share and Trends Forecast". The report discusses research objectives, scope, methodology, timeline, and challenges during the forecast period.

According to the market research report by Fortune Business Insights, network security market size was valued at USD 20.30 billion in 2021 and is projected to grow from USD 22.60 billion in 2022 to USD 53.11 billion by 2029, exhibiting a CAGR of 13.0% during the forecast period.

Read More: 

https://www.fortunebusinessinsights.com/industry-reports/network-security-market-100339

List of the Key Companies Profiled:

  • Check Point Software Technologies Ltd. (Israel)
  • Cisco Systems, Inc. (U.S.)
  • FireEye, Inc. (U.S.)
  • Fortinet, Inc. (U.S.)
  • Juniper Networks, Inc. (U.S.)
  • Kaspersky Lab. (Russia)
  • McAfee, LLC (U.S.)
  • Palo Alto Networks, Inc. (U.S.)
  • com (U.S.)
  • WatchGuard Technologies, Inc. (U.S.)

Driver: Increasing Rate of Recovery of Financial Losses to Stimulate Network Security Market Growth

The increase in the rate of recovery of financial losses is anticipated to augment the growth of the Network Security Market within the estimated period. Network Security Market helps all organizations and enterprises mitigate losses from a variety of incidents that take place every day, from a data breach involving sensitive customer information to network damage and disruption. Though does not protect any organization against the hack itself, it does offer help before, during, and after an attack. Further, it also helps with the costs associated with remediation, including payment for legal assistance, crisis communicators, investigators, and customer credits or refunds. However, the lack of awareness related to Network Security Market Moreover, the increasing adoption of artificial intelligence and blockchain technology for risk analytics is further anticipated to support the growth in the years to come.

 

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