What is Network Security Services Market?
Network security means to protect networking infrastructure from unauthorized access, misuse, malfunction, modification, destruction, or improper disclosure. It requires a complex combination of hardware devices, firewalls, and anti-malware software, which increases the IT cost of the business or enterprise. Due to this many organizations especially SMEs are moving towards outsourcing network security to reduce the cost. The increasing use of the internet and the growth of wired or wireless networks in home and business has created a huge demand for network security to reduce the risk of data loss, theft, and sabotage.
The market study is being classified, by Application (Residential and Commercial) and major geographies with country level break-up.
IBM (United States), AT&T (United States), Lumen Technologies (United States), DXC Technology (United States), AlgoSec (United States), Oracle Corporation (United States), Sophos (United Kingdom), Ensign InfoSecurity (Singapore), Allot (Israel) and Palo Alto Networks (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Network Security Services market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Network Security Services market by Type, Application and Region.
On the basis of geography, the market of Network Security Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Emerging Digitalization Across the Globe and Increasing Number of Online Transactions
- Increasing Preference towards the Network Security Services to Eliminate IT Cost
- Integration of Artificial Intelligence and Machine Learning for Building Automated Security System
- Lack of Visibility and Misconfiguration Proliferation
- Increasing Number of Cyber-attacks in BFSI and Healthcare Sector
Market Leaders and some development strategies
In February 2021, Atos announced the acquisition of Motiv ICT Security, the Netherlands-based largest independent Managed Security Services provider. The acquisition expands Atosís extensive network of global SOCs and reinforces Atosís position as the 3rd worldwide Managed Security Services provider. Further, the acquisition brings recent investment in the Managed Detection and Response (MDR) platform, AIsaac, to Dutch customers.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Network Security Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Network Security Services Market?
"Emerging Digitalization Across the Globe and Increasing Number of Online Transactions
" is seen as one of major growth factors of Network Security Services Market in years to come.
2. Can we have customized study for Network Security Services Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Network Security Services Market?
United States will lead Network Security Services Market in coming years.