Network Security Companies

The global network security market size is projected to grow from USD 78.2 billion in 2024 to USD 111.0 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period. The growth of remote work and the expanded use of cloud services are the factors contributing to network security market growth. When companies move towards remote work and cloud-based applications, they distribute their network perimeters more widely which increases the vulnerabilities. To deal with these extensive attack surfaces and to make remote access safe, large enterprises and SMEs are buying to-and-fro advanced network security solutions to protect data and user access and improve the connectivity of diverse network environments.

Top Companies in Cloud Computing Industry Include

• Palo Alto Networks (US)
• Fortinet (US)
• Cisco (US)
• Check Point (US)
• Trend Micro (Japan)

What is network security?

According to MnM, “Network security encompasses the technologies, policies, and procedures designed to protect digital infrastructures from cyberattacks, unauthorized access, and data loss. It involves safeguarding computer networks and systems against internal and external threats, ensuring the integrity, confidentiality, and availability of data through a combination of hardware and software solutions."

To know about the assumptions considered for the study download the pdf brochure

Competitive overview:

The network security market is led by some of the globally established players, such as 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), Microsoft (US), CrowdStrike (US), Zscaler (US), Cloudflare (US), AWS (US), OpenText (Canada), Hillstone Networks (US), Barracuda Networks (US), Huawei (China), Trellix (US), SonicWALL (US), Forcepoint (US), Sophos (UK), Zyxel Networks (Taiwan), Cato Networks (Israel), NordLayer (US), Versa Networks (US), WiJungle (India), Cynet (US), SECNAP Network Security (US), Nomios (Netherlands), Easi (Belgium), GajShield (India). Partnerships, agreements, collaborations, acquisitions, and product developments are various growth strategies these players use to increase their market presence.

Palo Alto Networks (US) is a prominent global cybersecurity company, pioneering transformative technologies for a cloud-centric future. Committed to being the cybersecurity partner of choice, the company employs AI and automation to secure enterprise users, networks, clouds, and endpoints. Focused on network security, cloud security, security operations, and threat intelligence, Palo Alto Networks delivers complete zero-trust solutions and cloud-native security through Prisma Cloud. Its Cortex portfolio provides security automation, analytics, and endpoint security. The company caters to diverse industries, including education, energy, financial services, government, healthcare, Internet and media, manufacturing, public sector, and telecommunications, selling products and services directly to enterprises, service providers, and government entities globally. Palo Alto Networks operates across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region

Fortinet (US) Fortinet is a leading provider of next-generation firewalls and network security solutions, designed to protect against security threats and simplify IT infrastructure. Through its Fortinet Security Fabric platform, it offers a comprehensive solution that includes secure networking, unified Secure Access Service Edge (SASE), and AI-driven security operations. The company offers a range of products for network security, data centers, enterprise networking, network access, application security, and security management. Fortinet's product portfolio includes FortiManager, FortiConverter, FortiGate NGFW, and FortiAI. Its solutions serve various sectors, including communication service providers, enterprises, government organizations, security service providers, and small businesses. Fortinet operates across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region.

Cisco (US) -based technology giant, is a prominent player in the network security market, offering a comprehensive suite of solutions to safeguard digital infrastructure. Its portfolio includes next-generation firewalls, intrusion prevention systems, secure access solutions, and advanced threat detection tools. Cisco's products and services focus on protecting networks, endpoints, and cloud environments against evolving cyber threats. With innovative technologies like Zero Trust, SecureX (its security platform), and AI-driven threat intelligence, Cisco enables businesses to strengthen their cybersecurity posture, ensuring secure and resilient connectivity.

Check Point Software Technologies,(US) headquartered in the U.S., is a leading provider in the network security market, renowned for its comprehensive cybersecurity solutions. The company offers advanced technologies like next-generation firewalls, threat prevention, endpoint security, and cloud security to protect enterprises from sophisticated cyber threats. With its unified security architecture, Check Point Infinity, and AI-driven threat intelligence, it provides seamless protection across networks, cloud environments, and mobile devices. Check Point's focus on proactive threat prevention and robust security management helps organizations ensure their digital assets remain secure and resilient.

Trend Micro (Japan) : Trend Micro is Japan-based cybersecurity leader, is a key player in the network security market, providing cutting-edge solutions to protect against evolving cyber threats. The company's portfolio includes intrusion prevention systems, endpoint security, cloud security, and hybrid network defense. With a strong emphasis on AI and threat intelligence, Trend Micro's solutions offer comprehensive protection across on-premises, cloud, and hybrid environments. Its flagship offerings, such as Trend Micro Vision One and Deep Security, help businesses enhance visibility, detect vulnerabilities, and prevent advanced attacks, ensuring robust network security worldwide.

According to MnM's approach to evaluating the market, most businesses use inorganic growth tactics to hold onto their market share. These agreements cover alliances, acquisitions, collaborations, and partnerships together. Product launches and corporate growth activities are abruptly affected by factors such as government regulations. On the other hand, organizations are anticipated to embrace organic growth strategies to provide end consumers with network security solutions and services, which would assist businesses in boosting market revenue.

Related Reports:

Network Security Market by Solution (VPN, Data Loss Prevention, Firewall, Secure Web Gateway, DDOS Mitigation, UTM), Network Environment (Branch Campus Network Security, Data Center Network Security) - Global Forecast to 2029

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