About Network Security Service Provider Services
Internal corporate infrastructures and linked equipment are protected by Network Security Service Provider from unauthorised access, misuse, and assaults. Providers of network security can conduct a thorough analysis of network architecture and assess the security of internet and intranet connections. Providers then utilise this information to design firewalls and other security measures to match the demands of their clients. Network security services may also assist with the monitoring of device inventories and wireless access points, as well as providing real-time visibility into the overall security health of individual devices and the network as a whole. The growing adoption of digital solutions such as cloud computing, hybrid cloud computing and other internet based services has increased the vulnerability of enterprises of being attacked by malicious cyber-attack or of data theft. Thus, stimulating the growth of the network security service provider services. North America is the dominant most market of the network security service provider services.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.3% |
Network security service providers implement security protocols, firewalls and monitor networks for real time threats and threat response. As companies are shifting to more digital infrastructure, they face larger threat of cyber-attacks or data breach incidents, risking the company’s prospectus. This has led to massive demand for network security service provider services. North America being the hub of large number of technology and IT related companies is the dominant most market of network security service provider services. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Switchfast Technologies (United States), IBM Corporation (United States), AT&T Inc. (United States), FireEye (United States), Thales Group (United States), OneNeck IT Solutions (United States), Advanced IP Solutions (United States), Cybriant (United States), CyberMaxx (United States) and Sentinel IPS (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are NCR Corporation (United States), Ascend Technologies, LLC (United States) and Sirius Computer Solutions, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Network Security Service Provider Services market by Type (Online and Offline), Application (Change Management System, Data Security, Network Encryption and Others) and Region.
On the basis of geography, the market of Network Security Service Provider 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). If we see Market by End Use, the sub-segment i.e. BFSI will boost the Network Security Service Provider Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size , the sub-segment i.e. SMEs will boost the Network Security Service Provider Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Online Cloud based Segmented is expected to Account for Significant Share of the Market due to Rising Adoption of Cloud Computing and Increasing Penetration of Internet
Market Growth Drivers:
Growing Incidents of Cyber Attacks and Increasing Complexities in Enterprise Networks with Growing Size of Enterprise
Challenges:
Integration of Different Systems is a Major Challenge
Restraints:
Lack of Professionals Required for Network Maintenance and Engineering in Developing Countries
Opportunities:
Hybrid Cloud Computing Networks are rising in Popularity Presenting a Potential Opportunity
Market Leaders and their expansionary development strategies
In 2021, Ascend Technologies LLC, a United States based Information Technology company has announced acquisition of Switchfast Technologies, one of the leading IT consulting and managed services provider specialised in network security services. The acquisition will broaden the Ascend Technologies IT offerings in the market as well as consolidate its standings in market.
In 2021, Periscope Equity LLC, a United States based entrepreneurial private equity firm specialised in lower-middle market tech-enabled services companies has announced investing in CyberMaxx, one of the leading providers of next generation innovating managed services.This partnership will be beneficial for CyberMaxx as it would be aided by Periscope’s expertise and experience in growing and scaling healthcare technology, software, and security businesses.
Key Target Audience
Network Security Service Provider Services Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.