- The key vendors in the global network security market 2015-2019 are Cisco, Check Point Software, Fortinet, Juniper Networks and Palo Alto Networks.
London, 16 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global network security market 2015-2019. Companies are adopting SaaS-based network security solutions because of their multiple benefits, which include the availability of the pay-per-use model and the provision of instant access. These solutions automatically update products, enabling them to respond to the latest security threats. The global network security market is expected to grow at a CAGR of 7.84% during the forecast period of 2014-2019.
The major factor leading to the adoption of network security solutions among corporate bodies is the increase in regulatory compliance requirements such as PCI DSS, HITECH, and HIPAA. companies are proactively securing their network perimeters and applications to prevent any compliance breaches. In addition, with the increase in cases of data and insider theft, regulatory authorities are expected to tighten their compliance regulations, which will drive more end-users to adopt network security solutions.
“Of late, the companies are opting for converged security solutions, which is a combination of multiple security solutions,” says Faisal Ghaus, Vice President of Technavio Research.
“The market for converged security solutions such as UTM and next-generation firewalls (NGFs) is growing rapidly.”
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.
If you are interested in more information on this topic and our upcoming research on the Global Network Security Market 2015-2019, please send an e-mail to media@TechNavio.com
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