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Network security is a subdivision of information security, which deals with planning and implementing network security measures to protect the integrity of networks and applications against hacking and illegal access. It protects the IT infrastructure and network-accessible resources from all kinds of cyber threats such as viruses, Trojans, malware, spam ware, spyware, phishing, password attacks, malvertising, etc. Further, it helps to secure IDs and passwords, internet access, firewalls, backup, and encryption.
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It provides technical solutions such as identity and access management (IAM), data loss protection (DLP), firewall, antivirus and antimalware, disaster recovery, risk and compliance management, and intrusion detection techniques. The expansion of the advanced cloud-based servers has set up new visions and opportunities for sharing internet facilities up to any edge worldwide. However, referring to a report published by SonicWall in 2018, cybercrime, content control and network security provider as a whole will cost the overall industry by more than the US $6 Tn by the termination of 2021.
Growth in IT investment, adoption of AI and IoT technology, implementation of cloud computing are the key drivers responsible for the growth of the global big network security market. Other factors such as lower data storage costs, expansion of blockchain technology, and the rise of e-commerce business platform are the expected drivers of the global network security market. Recent developments in the network security market include the deployment of AI (artificial intelligence) and machine-learning in servers.
Some of the leading organizations operating in the network security market across the globe are WatchGuard, Fortinet Inc., Juniper Networks Inc., Check Point Software Technologies Ltd., IBM ISS, Assured Digital, CyberGuard, Lucent, McAfee, SonicWall, Network Associates, Cisco Systems Inc.,
● Risk management
● Unified threat management (UTM)
● Security incident management
● Identity and access management (IAM)
● Others (disaster recovery, vulnerability assessment, and social media control)
By Industry Vertical
● E-commerce Retail
● IT and Telecommunication
● Media & Entertainment
● North America (the USA and Canada)
● Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
● Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
● Latin America (Brazil, Mexico and Rest of Latin America)
● Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Globally, North America accounted for the major share in terms of revenue of the network security market during 2017-18 and would continue to lead in the forecast period. The factors that drive the growth of North America market include the high adoption of network security solutions among U.S.’s large enterprises, increasing data opening and rise of financially targeted cyber-attacks has led to accepting advanced network security solutions. Further, in the Asia Pacific, China, India, and Japan are expected to hold a strong position in the field of the network security market. During 2017-18, ‘China’s ICT governance regime’ was implemented by the Chinese government which has further paved the way for accelerating growth in the APAC market.
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