The network security market size is forecast to grow from USD 78.2 billion in 2024 to USD 111.0 billion by 2029, with a CAGR of 7.2% over the forecast period.

Sophisticated cyber threats have been a major driver of the traction of network security solution adoption and the emergence of the new wave of threats such as ransomware and APTs. Prior to committing complex new attacks, the attackers target critical infrastructure, financial systems, and private data. So, organizations are heavily investing in network security solutions that track and block any incoming threats to preserve their assets and the company's operations in a combat environment.

Key Companies profiled

• Cisco (US)
• Palo Alto Networks (US)
• Fortinet (US)
• Check Point (US)
• Trend Micro (Japan)
• Verizon (US)
• IBM (US)
• Broadcom (US)
• Juniper Networks (US)
• Akamai (US)
• Netskope (US)

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Segment Analysis