Summary

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. A major contributing factor to the growth of the platform for network security solutions is the increasing reliance on digital transformation initiatives. Digitalization is becoming more common, and at the same time, cyber-attacks may be more serious than ever before. That is why businesses are required to use advanced network security solutions for digital asset protection, securing digital transactions, and providing the integrity of digital operations, which makes security a key factor in a successful digital transformation.
"By vertical, the healthcare & life sciences segment accounts for the highest CAGR during the forecast period."
The healthcare & life sciences vertical is becoming a prime target for cybercriminals. Healthcare enterprises have a large repository of patient information, such as names, phone numbers, social security numbers, insurance details, biometric data, email addresses, and medical records. Furthermore, healthcare firms also store customers' payment data, which becomes a target for hackers to exploit. Security breaches and unauthorized access to patient's personal information result in various fraudulent attacks. Healthcare firms are shifting toward digitally driven processes and rapidly adopting zero-trust security solutions for the digital security of internal and external endpoints and internal networks.
 
"By Network Environment, the branch campus network security segment accounts for a larger market share."
Branch campus network security is essential for protecting the IT infrastructure and data communications of any organization with multiple remote or satellite locations. These branch campuses—whether they belong to businesses, government agencies, healthcare facilities, or educational institutions—are connected to a central network, creating potential vulnerabilities that need robust security measures. Branch campus security requires robust measures such as secure VPNs, firewalls, intrusion detection systems, and endpoint protection to protect sensitive information and ensure operational continuity. The critical suppliers that are giving the needed network security solutions for branch campus networks are Cisco, Palo Alto Networks, Fortinet, Broadcom, Check Point, Huawei, Juniper Networks, and Cloudflare.

Breakdown of primaries
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C-level – 40% and Managers and Other Levels – 60%
• By Region: North America – 35%, Europe – 20%, Asia Pacific – 25%, Middle East & Africa – 15%, Latin America – 5%
Major vendors in the global network security market include 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).
 
The study includes an in-depth competitive analysis of the key players in the network security market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the network security market and forecasts its size by Solution (Firewall/ NGFW, VPN, NAC, DLP, IDS/IPS, SWG, DDoS Mitigation, UTM, and Others), Network Environment (Branch Campus Network Security and Data Centre Network Security), Deployment Mode (On-premises, Cloud, and Hybrid), Organization Size (Large Enterprises and SMEs), Vertical (BFSI, Healthcare & Life Sciences, Government, IT & ITeS, Telecommunication, Manufacturing, Retail & E-Commerce, Energy & Utilities, Transportation & Logistics, Media & Entertainment, and Other Vertical), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America).
The study also includes an in-depth competitive analysis of the market's key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall network security market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (increasing cyber threats boosting demand for robust network security solutions, growing BYOD trend necessitating network security measures, and increased cloud adoption and remote work trend), restraints (high implementation cost and shortage of skill), opportunities (unified security models (SASE) and adoption of zero trust approach in network security), and challenges (integration complexities)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the network security market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the network security market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the network security market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Cisco (US), Palo Alto Networks (US), Fortinet (US), Check Point (US), Trend Micro (Japan), among others, in the network security market strategies.

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Table of Contents

1 INTRODUCTION 40
1.1 STUDY OBJECTIVES 40
1.2 MARKET DEFINITION 40
1.3 STUDY SCOPE 41
1.3.1 MARKET SEGMENTATION 41
1.3.2 INCLUSIONS AND EXCLUSIONS 42
1.3.3 YEARS CONSIDERED 43
1.4 CURRENCY CONSIDERED 43
1.5 STAKEHOLDERS 44
1.6 SUMMARY OF CHANGES 44
2 RESEARCH METHODOLOGY 45
2.1 RESEARCH DATA 45
2.1.1 SECONDARY DATA 46
2.1.2 PRIMARY DATA 47
2.1.2.1 Breakup of primaries 47
2.1.2.2 Key industry insights 48
2.2 MARKET BREAKUP AND DATA TRIANGULATION 49
2.3 MARKET SIZE ESTIMATION 49
2.3.1 TOP-DOWN APPROACH 51
2.3.2 BOTTOM-UP APPROACH 52
2.4 MARKET FORECAST 53
2.5 ASSUMPTIONS 54
2.6 RESEARCH LIMITATIONS 55
3 EXECUTIVE SUMMARY 56
4 PREMIUM INSIGHTS 60
4.1 ATTRACTIVE OPPORTUNITIES FOR NETWORK SECURITY MARKET PLAYERS 60
4.2 NETWORK SECURITY MARKET, BY SOLUTION 61
4.3 NETWORK SECURITY MARKET, BY SERVICE 61
4.4 NETWORK SECURITY MARKET, BY NETWORK ENVIRONMENT 62
4.5 NETWORK SECURITY MARKET, BY DEPLOYMENT MODE 62
4.6 NETWORK SECURITY MARKET, BY ORGANIZATION SIZE 63
4.7 NETWORK SECURITY MARKET, BY VERTICAL, 2024–2029 64
4.8 MARKET INVESTMENT SCENARIO 65
 
5 MARKET OVERVIEW AND INDUSTRY TRENDS 66
5.1 INTRODUCTION 66
5.2 MARKET DYNAMICS 66
5.2.1 DRIVERS 66
5.2.1.1 Increasing frequency and sophistication of cyberattacks 67
5.2.1.2 Growing BYOD trend necessitating network security measures 67
5.2.1.3 Increased cloud adoption and remote work trend 68
5.2.2 RESTRAINTS 68
5.2.2.1 High implementation costs 68
5.2.2.2 Shortage of skilled cybersecurity professionals 68
5.2.3 OPPORTUNITIES 69
5.2.3.1 Simplified management and enhanced protection achieved using secure access service edge framework 69
5.2.3.2 Implementation of zero-trust approach in network security 69
5.2.4 CHALLENGES 70
5.2.4.1 Lack of awareness and training concerning network
security technologies 70
5.2.4.2 Integration complexities 70
5.3 CASE STUDY ANALYSIS 71
5.3.1 JUNIPER NETWORKS HELPED BEELINE ENHANCE EFFICIENCY
AND CYBERSECURITY 71
5.3.2 AMANA BANK BUILT ROBUST AND EASILY MANAGEABLE CYBERSECURITY INFRASTRUCTURE USING SOPHOS’ TECHNOLOGIES 72
5.3.3 FORCEPOINT HELPED BURGER KING SECURE SCALABLE
NETWORK TRANSITION 73
5.3.4 HISTORY OF NETWORK SECURITY 73
5.3.4.1 1980s: Dawn of firewalls 73
5.3.4.2 1990s: Advancements in firewall technology 74
5.3.4.3 Early 2000s: Unified threat management 74
5.3.4.4 Mid-2000s: Next-generation firewalls 74
5.3.4.5 2010s: Cloud and virtual security 74
5.3.4.6 2020s: Current trends in network security 74
5.4 VALUE CHAIN ANALYSIS 75
5.4.1 PLANNING AND DESIGNING 76
5.4.2 NETWORK SECURITY SOLUTION AND SERVICE PROVIDERS 76
5.4.3 SYSTEM INTEGRATION 76
5.4.4 DISTRIBUTION/RESELLERS/VALUE-ADDED RESELLERS 76
5.4.5 END USERS 76
5.5 NETWORK SECURITY MARKET ECOSYSTEM 77
5.6 IMPACT OF GENERATIVE AI ON NETWORK SECURITY MARKET 78
5.6.1 GENERATIVE AI 78
5.6.2 TOP USE CASES AND MARKET POTENTIAL IN NETWORK SECURITY MARKET 79
5.6.2.1 Key use cases 80
5.6.3 IMPACT OF GENERATIVE AI ON INTERCONNECTED AND
ADJACENT ECOSYSTEMS 81
5.6.3.1 Cloud security 81
5.6.3.2 Endpoint security 81
5.6.3.3 Identity and access management (IAM) 82
5.6.3.4 Security information and event management (SIEM) 82
5.6.3.5 Network traffic analysis 82
5.7 PORTER'S FIVE FORCES ANALYSIS 82
5.7.1 THREAT OF NEW ENTRANTS 83
5.7.2 THREAT OF SUBSTITUTES 83
5.7.3 BARGAINING POWER OF SUPPLIERS 84
5.7.4 BARGAINING POWER OF BUYERS 84
5.7.5 INTENSITY OF COMPETITIVE RIVALRY 84
5.8 PRICING ANALYSIS 85
5.8.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOLUTION 85
5.8.2 INDICATIVE PRICING ANALYSIS 86
5.9 TECHNOLOGY ANALYSIS 87
5.9.1 KEY TECHNOLOGIES 87
5.9.1.1 Firewalls/Next-generation firewalls 87
5.9.1.2 Intrusion detection systems/Intrusion prevention systems 88
5.9.1.3 Virtual private networks 88
5.9.1.4 Artificial intelligence and machine learning 88
5.9.2 COMPLEMENTARY TECHNOLOGIES 88
5.9.2.1 Security information and event management (SIEM) 88
5.9.2.2 Network segmentation 89
5.9.2.3 Threat intelligence 89
5.9.2.4 Secure access service edge 89
5.9.2.5 Zero trust network access 89
5.9.3 ADJACENT TECHNOLOGIES 89
5.9.3.1 Cloud security 89
5.9.3.2 Behavioral analytics 90
5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES 90
5.11 PATENT ANALYSIS 91
5.11.1 NETWORK SECURITY MARKET: PATENT ANALYSIS 91
5.12 HS CODE: NETWORK SECURITY (8517) 95
5.13 BEST PRACTICES IN NETWORK SECURITY MARKET 98
5.14 TARIFF AND REGULATORY LANDSCAPE 99
5.14.1 TARIFF RELATED TO NETWORK SECURITY 99
5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 100
 
5.15 KEY STAKEHOLDERS & BUYING CRITERIA 104
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 104
5.15.2 BUYING CRITERIA 105
5.16 KEY CONFERENCES & EVENTS IN 2024–2025 106
5.17 INVESTMENT LANDSCAPE 107
6 NETWORK SECURITY MARKET, BY SOLUTION 108
6.1 INTRODUCTION 109
6.1.1 SOLUTION: NETWORK SECURITY MARKET DRIVERS 111
6.2 FIREWALL/NEXT-GENERATION FIREWALL 112
6.2.1 NEED FOR SIMPLIFICATION AND AUTOMATION OF ENTERPRISE-GRADE SECURITY WITH CENTRALIZED MANAGEMENT ACROSS DISTRIBUTED NETWORKS TO DRIVE MARKET 112
6.3 VIRTUAL PRIVATE NETWORK 113
6.3.1 INCREASING DEMAND FOR MAINTAINING DATA SECURITY, PRIVACY, AND NETWORK INTEGRITY TO DRIVE MARKET 113
6.4 NETWORK ACCESS CONTROL 114
6.4.1 INCREASING NEED FOR STREAMLINING AUTHENTICATION PROCESS, REDUCING TIME AND COSTS TO FUEL MARKET GROWTH 114
6.5 DATA LOSS PREVENTION 116
6.5.1 DATA LOSS PREVENTION SOLUTIONS TO ENHANCE INTERNAL SECURITY AND MAINTAIN REGULATORY COMPLIANCE 116
6.6 INTRUSION DETECTION SYSTEM/INTRUSION PREVENTION SYSTEM 117
6.6.1 INCREASING DEMAND FOR ROBUST NETWORK SECURITY TO BOOST MARKET 117
6.7 SECURE WEB GATEWAY 118
6.7.1 SURGING DEMAND FOR SAFE INTERNET ACCESS TO DRIVE MARKET 118
6.8 DISTRIBUTED DENIAL-OF-SERVICE MITIGATION 119
6.8.1 RISING NEED TO PROTECT CONFIDENTIALITY, INTEGRITY, AND AVAILABILITY OF RESOURCES TO FUEL MARKET GROWTH 119
6.9 UNIFIED THREAT MANAGEMENT 120
6.9.1 RISING POPULARITY OF UNIFIED THREAT MANAGEMENT SOLUTIONS
TO DRIVE MARKET 120
6.10 OTHER SOLUTIONS 121
7 NETWORK SECURITY MARKET, BY SERVICE 123
7.1 INTRODUCTION 124
7.1.1 SERVICE: NETWORK SECURITY MARKET DRIVERS 125
7.2 PROFESSIONAL SERVICES 125
7.2.1 SURGING NEED FOR DEPLOYMENT OF SPECIALIZED SERVICES TO IDENTIFY, PREVENT, AND MITIGATE FRAUD RISKS TO BOOST MARKET 125
7.2.2 DESIGN, CONSULTING, AND IMPLEMENTATION 127
7.2.3 RISK & THREAT ASSESSMENT 128
7.2.4 TRAINING & EDUCATION 129
7.2.5 SUPPORT & MAINTENANCE 130
7.3 MANAGED SERVICES 131
7.3.1 INCREASING DEMAND FOR SPECIALIZED SECURITY SERVICES TO
BOOST MARKET GROWTH 131
8 NETWORK SECURITY MARKET, BY NETWORK ENVIRONMENT 133
8.1 INTRODUCTION 134
8.1.1 NETWORK ENVIRONMENT: NETWORK SECURITY MARKET DRIVERS 135
8.2 BRANCH CAMPUS NETWORK SECURITY 135
8.2.1 SURGING NEED FOR PROTECTION OF SENSITIVE INFORMATION AND ENSURING OPERATIONAL CONTINUITY TO DRIVE MARKET 135
8.3 DATA CENTER NETWORK SECURITY 136
8.3.1 INCREASING NEED FOR ENSURING CRITICAL ASSETS’ AVAILABILITY, RELIABILITY, AND CONFIDENTIALITY TO ACCELERATE MARKET GROWTH 136
9 NETWORK SECURITY MARKET, BY DEPLOYMENT MODE 138
9.1 INTRODUCTION 139
9.1.1 DEPLOYMENT MODE: NETWORK SECURITY MARKET DRIVERS 140
9.2 ON-PREMISES 140
9.2.1 ON-PREMISES DEPLOYMENT TO HELP MAINTAIN COMPLIANCE, PROTECT SENSITIVE DATA, AND CUSTOMIZE SECURITY CONFIGURATIONS 140
9.3 CLOUD 141
9.3.1 COST-EFFECTIVENESS AND EASE OF MAINTENANCE TO BOOST DEMAND FOR CLOUD-BASED SOLUTIONS 141
9.4 HYBRID 142
9.4.1 HYBRID APPROACH TO OFFER DATA SECURITY, FLEXIBILITY, COST-EFFICIENCY, AND RAPID DEPLOYMENT CAPABILITIES OF CLOUD SERVICES 142
10 NETWORK SECURITY MARKET, BY ORGANIZATION SIZE 144
10.1 INTRODUCTION 145
10.1.1 ORGANIZATION SIZE: NETWORK SECURITY MARKET DRIVERS 146
10.2 SMALL & MEDIUM-SIZED ENTERPRISES 146
10.2.1 INCREASING CYBER THREATS, REGULATORY COMPLIANCE REQUIREMENTS, AND NEED FOR PROTECTION OF SENSITIVE DATA TO DRIVE MARKET 146
10.3 LARGE ENTERPRISES 147
10.3.1 INCREASING NEED FOR EFFECTIVE MANAGEMENT OF SECURITY OF SEVERAL APPLICATIONS TO BOOST MARKET 147
11 NETWORK SECURITY MARKET, BY VERTICAL 149
11.1 INTRODUCTION 150
11.1.1 VERTICAL: NETWORK SECURITY MARKET DRIVERS 152
11.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI) 153
11.2.1 INCREASING DEMAND FOR MAINTAINING COMPETITIVE EDGE, REDUCING COSTS, AND IMPROVING CUSTOMER EXPERIENCE WITH VALUE-ADDED SERVICES TO DRIVE MARKET 153
 
11.3 GOVERNMENT 154
11.3.1 NETWORK SECURITY SOLUTIONS TO HELP IMPROVE SECURITY OF CRITICAL INFORMATION AND REDUCE THREAT OF UNAUTHORIZED ACCESS 154
11.4 HEALTHCARE & LIFE SCIENCES 155
11.4.1 RISING USE OF NETWORK SECURITY SOLUTIONS AND INCREASING AWARENESS OF REGULATORY COMPLIANCES TO DRIVE MARKET 155
11.5 AEROSPACE & DEFENSE 156
11.5.1 SURGING DEMAND FOR OPERATIONAL EFFECTIVENESS AND NATIONAL SECURITY TO PROPEL MARKET 156
11.6 MANUFACTURING 157
11.6.1 INCREASING DEMAND FOR EFFICIENT REAL-TIME DATA ACCESS AND SECURE NETWORK CONNECTIVITY TO PROPEL MARKET 157
11.7 IT & ITES 158
11.7.1 INCREASING SHIFT TOWARD HYBRID AND REMOTE WORK MODELS TO HEIGHTEN DEMAND FOR SECURE REMOTE ACCESS SOLUTIONS 158
11.8 RETAIL & ECOMMERCE 159
11.8.1 RISING NETWORK-BASED CYBER-ATTACKS AND DATA THEFT ACTIVITIES TO BOOST ADOPTION OF NETWORK SECURITY SOLUTIONS 159
11.9 ENERGY & UTILITIES 160
11.9.1 INCREASING NEED FOR STRENGTHENING NETWORK SECURITY
AND REDUCTION OF COMPLEXITIES TO FUEL ADOPTION OF NETWORK SECURITY SOLUTIONS 160
11.10 TELECOMMUNICATIONS 161
11.10.1 NEED TO PROTECT VAST AND COMPLEX COMMUNICATION NETWORKS FROM CYBER THREATS TO PROPEL MARKET 161
11.11 TRANSPORTATION & LOGISTICS 162
11.11.1 STRENGTHENING TRANSPORTATION AND LOGISTICS OPERATIONS THROUGH ENHANCED NETWORK SECURITY TO PROPEL MARKET 162
11.12 MEDIA & ENTERTAINMENT 163
11.12.1 NETWORK SECURITY MEASURES TO SAFEGUARD AGAINST
UNAUTHORIZED ACCESS, ENSURE INTEGRITY OF CONTENT,
AND PROTECT CONSUMER PRIVACY 163
11.13 OTHER VERTICALS 164
12 NETWORK SECURITY MARKET, BY REGION 166
12.1 INTRODUCTION 167
12.2 NORTH AMERICA 168
12.2.1 NORTH AMERICA: MACROECONOMIC OUTLOOK 169
12.2.2 NORTH AMERICA: NETWORK SECURITY MARKET DRIVERS 169
12.2.3 US 176
12.2.3.1 Increasing network attacks, cyber threats, and evolving regulatory norms to boost market 176
12.2.4 CANADA 181
12.2.4.1 Rapid digitalization and government initiatives to boost market 181
 
12.3 EUROPE 186
12.3.1 EUROPE: MACROECONOMIC OUTLOOK 187
12.3.2 EUROPE: NETWORK SECURITY MARKET DRIVERS 187
12.3.3 UK 193
12.3.3.1 Surging demand for bolstering cybersecurity to drive market 193
12.3.4 GERMANY 198
12.3.4.1 Increasing cybercrimes and sophisticated cyberattacks to
boost market 198
12.3.5 FRANCE 203
12.3.5.1 Compliance with stringent EU regulations to drive adoption of comprehensive security frameworks 203
12.3.6 ITALY 208
12.3.6.1 Adoption of modern network security solutions to protect digital infrastructure to drive market 208
12.3.7 REST OF EUROPE 213
12.4 ASIA PACIFIC 218
12.4.1 ASIA PACIFIC: MACROECONOMIC OUTLOOK 218
12.4.2 ASIA PACIFIC: NETWORK SECURITY MARKET DRIVERS 218
12.4.3 CHINA 225
12.4.3.1 Rapid digitalization and growing importance of safeguarding country’s expansive digital economy to boost market 225
12.4.4 JAPAN 230
12.4.4.1 Intricate cyberattacks to drive adoption of network security solutions 230
12.4.5 INDIA 235
12.4.5.1 Increased internet penetration, improved telecom services, and government initiatives to drive market 235
12.4.6 SINGAPORE 240
12.4.6.1 Growing emphasis on cybersecurity measures and increasing investments in advanced network security measures to
foster market growth 240
12.4.7 REST OF ASIA PACIFIC 245
12.5 MIDDLE EAST & AFRICA 250
12.5.1 MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK 250
12.5.2 MIDDLE EAST & AFRICA: NETWORK SECURITY MARKET DRIVERS 250
12.5.3 GCC 256
12.5.3.1 UAE 261
12.5.3.1.1 Digital transformation and increasing cyber threats to drive adoption of modern network security solutions 261
12.5.3.2 KSA 266
12.5.3.2.1 Digital transformation and evolving threat landscape to boost market 266
12.5.3.3 Rest of GCC countries 271
12.5.4 SOUTH AFRICA 276
12.5.4.1 Dearth of skilled security professionals and inadequate budgets to impact market growth 276
12.5.5 REST OF MIDDLE EAST & AFRICA 281
12.6 LATIN AMERICA 286
12.6.1 LATIN AMERICA: MACROECONOMIC OUTLOOK 287
12.6.2 LATIN AMERICA: NETWORK SECURITY MARKET DRIVERS 287
12.6.3 BRAZIL 292
12.6.3.1 Rising DDoS attacks in Brazil to propel market growth 292
12.6.4 MEXICO 297
12.6.4.1 Increasing demand for protection of sensitive information to bolster market growth 297
12.6.5 REST OF LATIN AMERICA 302
13 COMPETITIVE LANDSCAPE 308
13.1 KEY PLAYER STRATEGIES/RIGHT TO WIN 308
13.2 REVENUE ANALYSIS 310
13.3 MARKET SHARE ANALYSIS 311
13.4 BRAND COMPARISON 314
13.5 COMPANY VALUATION AND FINANCIAL METRICS 315
13.5.1 COMPANY VALUATION 315
13.5.2 FINANCIAL METRICS USING EV/EBITDA 316
13.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 317
13.6.1 STARS 317
13.6.2 EMERGING LEADERS 317
13.6.3 PERVASIVE PLAYERS 318
13.6.4 PARTICIPANTS 318
13.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 319
13.6.5.1 Company footprint 319
13.6.5.2 Service footprint 320
13.6.5.3 Network environment footprint 321
13.6.5.4 Regional footprint 322
13.6.5.5 Vertical footprint 323
13.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 324
13.7.1 PROGRESSIVE COMPANIES 324
13.7.2 RESPONSIVE COMPANIES 324
13.7.3 DYNAMIC COMPANIES 325
13.7.4 STARTING BLOCKS 325
13.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 326
13.7.5.1 Detailed list of key startups/SMEs 326
13.7.5.2 Competitive benchmarking of key startups/SMEs 327
13.8 COMPETITIVE SCENARIO 329
13.8.1 PRODUCT LAUNCHES 329
13.8.2 DEALS 332
 
14 COMPANY PROFILES 335
14.1 MAJOR PLAYERS 335
14.1.1 PALO ALTO NETWORKS 335
14.1.1.1 Business overview 335
14.1.1.2 Products/Solutions/Services offered 336
14.1.1.3 Recent developments 338
14.1.1.3.1 Product launches 338
14.1.1.3.2 Deals 340
14.1.1.4 MnM view 340
14.1.1.4.1 Key strengths 340
14.1.1.4.2 Strategic choices made 341
14.1.1.4.3 Weaknesses and competitive threats 341
14.1.2 CISCO 342
14.1.2.1 Business overview 342
14.1.2.2 Products/Solutions/Services offered 343
14.1.2.3 Recent developments 348
14.1.2.3.1 Product launches 348
14.1.2.3.2 Deals 349
14.1.2.4 MnM view 349
14.1.2.4.1 Key strengths 349
14.1.2.4.2 Strategic choices made 349
14.1.2.4.3 Weaknesses and competitive threats 350
14.1.3 FORTINET 351
14.1.3.1 Business overview 351
14.1.3.2 Products/Solutions/Services offered 352
14.1.3.3 Recent developments 355
14.1.3.3.1 Product launches 355
14.1.3.3.2 Deals 356
14.1.3.4 MnM view 357
14.1.3.4.1 Key strengths 357
14.1.3.4.2 Strategic choices made 357
14.1.3.4.3 Weaknesses and competitive threats 357
14.1.4 CHECK POINT 358
14.1.4.1 Business overview 358
14.1.4.2 Products/Solutions/Services offered 359
14.1.4.3 Recent developments 362
14.1.4.3.1 Product launches 362
14.1.4.3.2 Deals 363
14.1.4.4 MnM view 363
14.1.4.4.1 Key strengths 363
14.1.4.4.2 Strategic choices made 364
14.1.4.4.3 Weaknesses and competitive threats 364
14.1.5 TREND MICRO 365
14.1.5.1 Business overview 365
14.1.5.2 Products/Solutions/Services offered 366
14.1.5.3 Recent developments 367
14.1.5.3.1 Product launches 367
14.1.5.4 MnM view 367
14.1.5.4.1 Key strengths 367
14.1.5.4.2 Strategic choices made 367
14.1.5.4.3 Weaknesses and competitive threats 367
14.1.6 VERIZON 368
14.1.6.1 Business overview 368
14.1.6.2 Products/Solutions/Services offered 369
14.1.6.3 Recent developments 371
14.1.6.3.1 Deals 371
14.1.7 IBM 372
14.1.7.1 Business overview 372
14.1.7.2 Products/Solutions/Services offered 373
14.1.7.3 Recent developments 375
14.1.7.3.1 Deals 375
14.1.8 BROADCOM 376
14.1.8.1 Business overview 376
14.1.8.2 Products/Solutions/Services offered 377
14.1.8.3 Recent developments 379
14.1.8.3.1 Deals 379
14.1.9 JUNIPER NETWORKS 380
14.1.9.1 Business overview 380
14.1.9.2 Products/Solutions/Services offered 381
14.1.9.3 Recent developments 385
14.1.9.3.1 Product launches 385
14.1.9.3.2 Deals 385
14.1.10 AKAMAI 386
14.1.10.1 Business overview 386
14.1.10.2 Products/Solutions/Services offered 388
14.1.10.3 Recent developments 390
14.1.10.3.1 Product launches 390
14.1.10.3.2 Deals 390
14.1.11 NETSKOPE 391
14.1.11.1 Business overview 391
14.1.11.2 Products/Solutions/Services offered 391
14.1.11.3 Recent developments 392
14.1.11.3.1 Deals 392
 
14.1.12 MICROSOFT 394
14.1.12.1 Business overview 394
14.1.12.2 Products/Solutions/Services offered 395
14.1.13 CROWDSTRIKE 398
14.1.13.1 Business overview 398
14.1.13.2 Products/Solutions/Services offered 400
14.1.13.3 Recent developments 400
14.1.13.3.1 Deals 400
14.1.14 HUAWEI 401
14.1.14.1 Business overview 401
14.1.14.2 Products/Solutions/Services offered 403
14.1.14.3 Recent developments 406
14.1.14.3.1 Product launches 406
14.1.15 BARRACUDA NETWORKS 407
14.1.15.1 Business overview 407
14.1.15.2 Products/Solutions/Services offered 407
14.1.15.3 Recent developments 409
14.1.15.3.1 Product launches 409
14.1.15.3.2 Deals 410
14.1.16 ZSCALER 411
14.1.16.1 Business overview 411
14.1.16.2 Products/Solutions/Services offered 412
14.1.16.3 Recent developments 414
14.1.16.3.1 Product launches 414
14.1.16.3.2 Deals 414
14.1.17 TRELLIX 415
14.1.17.1 Business overview 415
14.1.17.2 Products/Solutions/Services offered 415
14.1.17.3 Recent developments 416
14.1.17.3.1 Product launches 416
14.1.17.3.2 Deals 417
14.1.18 CLOUDFLARE 418
14.1.18.1 Business overview 418
14.1.18.2 Products/Solutions/Services offered 419
14.1.18.3 Recent developments 420
14.1.18.3.1 Product launches 420
14.2 OTHER PLAYERS 422
14.2.1 AMAZON WEB SERVICES 422
14.2.2 OPENTEXT 423
14.2.3 SONICWALL 424
14.2.4 FORCEPOINT 425
14.2.5 SOPHOS 426
14.2.6 ZYXEL NETWORKS 427
14.2.7 NORDLAYER 428
14.2.8 CATO NETWORKS 429
14.2.9 HILLSTONE NETWORKS 430
14.2.10 VERSA NETWORKS 431
14.2.11 WIJUNGLE 432
14.2.12 CYNET 433
14.2.13 SECNAP NETWORK SECURITY 434
14.2.14 NOMIOS 435
14.2.15 EASI 436
14.2.16 GAJSHIELD 437
15 ADJACENT MARKETS 438
15.1 INTRODUCTION TO ADJACENT MARKETS 438
15.1.1 LIMITATIONS 438
15.2 CYBERSECURITY MARKET 439
15.3 NEXT-GENERATION FIREWALL MARKET 443
16 APPENDIX 447
16.1 DISCUSSION GUIDE 447
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 452
16.3 CUSTOMIZATION OPTIONS 454
16.4 RELATED REPORTS 454
16.5 AUTHOR DETAILS 455