What is Network Support & Security Market?
Network security is a broad term that covers a large number of technologies, devices and processes. In its simplest term, it's a set of rules and configurations designed to shield the integrity, confidentiality and accessibility of computer networks and information exploitation both software and hardware technologies. All organization, in spite of size, business or infrastructure, needs a degree of network security solutions in place to protect it from the ever-growing landscape of cyber threats in the wild these days. It includes each hardware and software system technologies. It targets a spread of threats and stops them from coming into or spreading on network. Effective network security manages access to the network.
The market study is being classified by Type (Hardware (Router, Firewall, Switch, Others), Software ( Access Control & Policy, Advanced Malware Protection (AMP), Cloud Security, Email Security, Firewalls, Network Security, Others) and Service (Consulting, Implementation, Training & Support)) and major geographies with country level break-up.
Cisco Systems (United States), HP development (United States), AlienVault (United States), McAfee (United States), Symantec Corporation (United States), Trend Micro Incorporated (Japan), NETGEAR (United States), CA Technologies (United States), F5 Networks (United States) and Fortinet (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.
Segment Analysis
Analyst at AMA have segmented the market study of Global Network Support & Security market by Type, Application and Region.
On the basis of geography, the market of Network Support & Security 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.
Market Drivers
- Increasing Cyber Threat
- Increasing BYOD Policies
Market Trend
- Increasing Adoption of 5G
Restraints
- Low Security Budget of The Company
- High Cost of The Solution
Opportunities
- Untapped and Emerging Nations
Challenges
- High Competition Among Player
On 14 July, 2020 - McAfee Launched ESM Cloud, Delivering Rapid Time to Value with Incident Investigations. McAfee Enterprise Security Manager (ESM) Cloud is a Cloud-Based Security and Information Event Management (SIEM) Solution for Identification.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Network Support & Security Provider, Government Regulatory and Research Organizations and End-Use Industries