The global network security management market is expected to grow at a significant CAGR during the forecast period 2024-2031. Network security management is defined as a complex and high tech system that efficiently manages the security over a network to avoid any damage caused by threats and frauds. The system enables the transmission or communication of data and messages over a computer network between servers and clients. The network security management techniques enable various standards and tools to assure the privacy of transmitted data and make it secure over different nodes of the network to prevent unauthorized use of data.
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The increasing demand for confidential data protection over the digital network and increasing threat among internet and computer network is driving the market growth and augmented to create various growth opportunities for the global network security management market. The increasing focus among the organization to shield over network security breaches, growing implementation of optical transmission and rising need to compel several regulatory compliances are some additional market driving factors anticipated to accelerate the global network security management market growth during the forecast period.
The increasing demand for high-speed data transfer and improved transmission of data with enhanced security concerns is projected to supplement the market growth and exhibit new opportunities for the growth of the global network security management market. The increasing BYOD trends, mobile devices and rising adoption of IoT among companies and organizations raise the demand for data protection during the transmission over a network. Thus, increase the adoption of encryption solutions among the organization to secure their data and critical information from cyber threats and online frauds. The above-mentioned factor is expected to drive the market growth of the global network security management market during the forecast period.
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Market Coverage
- Segment Covered-
o By Application
o By Technology
- Competitive Landscape- Juniper Networks, Cisco Systems Inc., AT&T, Avast Software, Fire Eye.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Network Security Management Market by Segment
By Application
- Cyber Security
- Information Security
- Mobile Security
By Device
- Network Encryption Solution
- Data Management
- Risk & Disaster Management
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