The Global Network Security market is expected a CAGR growth of 8.2 percent during the forecast period of 2013-2018.
London, 31 July 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on Global Network Security Market 2014-2018. The report analyzes the trends that will affect the market in the forecast period, such as the demand for Software as a software (SaaS)-based network security solutions.
Network security comprises products and services used to monitor, detect, and prevent unauthorized access, misuse, or malfunction, or to disable/destroy a computer network. It aims to provide and maintain a secure platform, which will help users in the network perform critical tasks. Network security has been gaining prominence over the years, growing in tandem with an increasing number of threats.
SaaS-based security solutions are increasingly being sought by small and medium-sized businesses (SMBs) because of their cost reduction and easy installation benefits. Large companies are also looking to SaaS-based solutions, which will drive the Global Network Security Market from 2014-2018.
“SMBs and start-ups alike are turning to SaaS-based security solutions over on-premises solutions because of advantages such as easy installation, easy up-gradation, cost advantages, and signature independent scanning,” says Faisal Ghaus, Vice President of TechNavio Research.
“Large enterprises are also opting for SaaS-based (or hybrid) solutions for the same reasons. This high demand for SaaS-based solutions will help promote strong growth in the overall market during the forecast period.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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