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Increased cyber attacks is driving the network security market

Press release September 4, 2014 Network security industry, network security market, network security market size

This report covers the present scenario and the growth prospects of the Global Network Security market for the period 2014-2018.

Increasing demand for workforce mobility is a major factor contributing to the growth of the global network security industry. This in turn is driving the demand for better network solutions to safeguard laptops, personal digital assistants and smartphones against malwares and cyber attacks. In addition to this, increasing complexity of IT infrastructures is calling for more robust and thorough solutions to ensure better safety of networks.

This report: Global Network Security Market 2014-2018 provides a detailed analysis of the market and focuses on the major players, recent developments and key drivers of the global network security market.

Market overview

The global network security market is growing at an alarming rate due to increase in virtualization of servers, leading to the adoption of better network security solutions. The market is expected to grow at a CAGR of 8.2%. Development of network technology is also growing to ensure better safety solutions. Small and medium businesses are also utilizing these security solutions for smooth operations.

Key drivers

The rising number of cyber attacks in the past couple of years is a major key driver for the market. Not only have the recent security threats increased, but the sophistication level too; therefore the conventional defense mechanisms often fail to provide security. Thus organizations, be it small or large have realized the importance of improved network security. Other benefits of having secure network solutions include increased workforce productivity and reduced costs which provide considerable advantages to the network as a whole.

Key trends

Small and medium-sized businesses (SMBs) are increasingly adopting SaaS-based security solutions because of reduced costs and easier installation methods. Large companies are also resorting to SaaS-based solutions which is driving the global network security market.

Key players

The key players in this industry include Check Point Software Technologies Ltd., Cisco Systems Inc., Fortinet Inc., Juniper Networks Inc., Palo Alto Networks Inc. , Clavister , Cyberoam Technologies , gateprotect , HP , IBM, Kerio Technologies, Lucent Technologies , Magnus Technologies, McAfee, NETASQ,Nortel Networks, Sonicwall, Symantec , Verizon Enterprise Solutions

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Network security industry, network security market, network security market size