Network Security Market Size
| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 24.95 Billion |
| Market Size (2030) | USD 42.93 Billion |
| CAGR (2025 - 2030) | 11.47% |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Network Security Market Analysis
The Network Security Market size is estimated at USD 24.95 billion in 2025, and is expected to reach USD 42.93 billion by 2030, at a CAGR of 11.47% during the forecast period (2025-2030).
- Emerging technologies, escalating cyber threats, and evolving organizational needs are rapidly reshaping the network security landscape. Social engineering attacks, especially phishing and smishing (SMS phishing), are growing in sophistication. Remote workers, often less vigilant when accessing corporate networks from home, are prime targets for these attackers.
- Kaspersky reports a dramatic surge in ransomware attacks, with average payouts leaping from USD 812,380 in 2022 to USD 1,542,333 in 2023. Critical infrastructure and high-profile organizations are increasingly in the crosshairs of these attackers.
- Phishing continues to dominate as the primary attack vector, responsible for over 80% of reported security incidents. The adoption of the Zero Trust Security Model is on the rise. This model mandates stringent identity verification for every user or device accessing network resources, irrespective of their location relative to the organization's perimeter. Organizations are gravitating towards this approach to bolster their defenses against evolving threats.
- The surge in IoT devices is introducing fresh vulnerabilities, primarily due to often inadequate security measures. Kaspersky estimates that by 2026, there will be 64 billion IoT devices globally, amplifying the potential for cyber attacks.
- To counter ransomware threats, organizations are implementing comprehensive strategies, including robust backup solutions, employee training, and proactive threat hunting. While the shift to cloud services has been expedited by remote work trends, it brings vulnerabilities like misconfigured settings and insecure interfaces. Addressing these risks is paramount for safeguarding sensitive cloud-stored data, especially given the average data breach cost of USD 3.86 million.
- The initial setup costs for robust network security solutions, such as firewalls, intrusion detection systems, and encryption protocols, can be substantial. These high costs may deter smaller enterprises from adopting necessary security measures, limiting their ability to protect against cyber threats effectively.
- Post-COVID, the network security landscape has undergone a seismic shift, influenced by changing work patterns, heightened cyber threats, and swift digital technology adoption. Organizations are increasingly turning to artificial intelligence (AI) and machine learning (ML) to bolster their network security efforts.
Network Security Market Trends
DDoS Attack to Drive Market Growth
- Distributed Denial of Service (DDoS) attacks, a more complex variant of traditional Denial of Service (DoS) attacks, involve multiple trojan-infected systems targeting a single system, leading to a DoS scenario. Cloudflare reports that the financial repercussions of falling victim to a DDoS attack are steep, with organizations potentially incurring costs of around USD 100,000 for every hour the attack persists. This hefty price tag underscores the escalating demand for robust network security solutions.
- Cloudflare further highlights a concerning trend: DDoS attacks are not only becoming more frequent but also more sophisticated. After witnessing a doubling in network layer attacks from Q1-2024 to Q2-2024, Q3-2024 saw another doubling, culminating in a fourfold increase compared to pre-COVID levels in the first quarter.
- The company has also noted a surge in the variety of attack vectors being deployed. While traditional methods like SYN, RST, and UDP floods remain prevalent, there's been a notable uptick in protocol-specific attacks, including DNS, Memcached, and Jenkins DoS attacks.
- According to Cloudflare's 2023 report, its automated defenses successfully mitigated over 5.2 million HTTP DDoS attacks, amounting to a staggering 26 trillion requests. This translates to an average of 594 HTTP DDoS attacks and 3 billion requests mitigated every hour.
- Moreover, the United States observed the most significant L3/4 DDoS attacks under country-based distribution, followed by Germany and Australia. The top countries affected by region include North America (United States, Canada), Europe (Germany, Russia among others), Middle East (UAE, Kuwait), Asia Pacific, and Oceania (Australia, Thailand, Japan).
- The rising tide of network attacks is propelling the adoption of DDoS protection solutions. The allure of these attacks is heightened by the easy availability of user-friendly tools and a growing criminal acumen recognizing the profit potential through extortion. Targeting both business systems and individuals, these attacks pose risks of substantial financial and personal losses, amplifying the need for robust DDoS protection tools.
- While TCP-based attacks like SYN and RST floods continue to be favored, there's a notable surge in UDP-protocol-specific attacks, such as those based on NetBIOS and ISAKMP. Cloudflare observes an increasing trend of both protocol-based and multi-vector attacks aimed at crippling networks. Given the escalating complexity of these attacks, there's an urgent need for comprehensive DDoS protection to ensure organizations remain secure and operational.
North America is Expected to Hold a Major Share of the Market
- In North America, the demand for network security is surging, fueled by the rising frequency and sophistication of cyber threats, the need for regulatory compliance, and the swift digital transformation across diverse sectors.
- In the U.S., large enterprises dominate the network security landscape, commanding a significant share of the market. Their intricate networks and heightened vulnerability to cyber threats drive these organizations to invest heavily in comprehensive security solutions. Furthermore, as data breaches escalate, these enterprises are prioritizing the development of cloud systems with encrypted communications to bolster security.
- In a proactive move against cyber threats, the U.S. government enacted a law to establish the Cybersecurity and Infrastructure Security Agency (CISA). Collaborating with federal entities, CISA offers cybersecurity tools, incident response services, and assessment capabilities, ensuring the protection of governmental networks vital to partner departments and agencies. This initiative paves the way for both new and established companies to invest in tailored protection suites for their respective industries.
- North America has witnessed a surge in connected devices over recent years. As per Ericsson, the average U.S. household now boasts 17 internet-connected devices. With advancements in data transfer rates, cloud services have become ubiquitous. However, these technological strides also expedite the spread of phishing emails, bots, and ransomware, highlighting emerging vulnerabilities.
- North America's stringent data privacy regulations, including GDPR and CCPA, are amplifying the demand for robust network security measures. These measures not only ensure compliance but also safeguard sensitive information. Collectively, these factors underscore the burgeoning demand for network security solutions in the region.
Network Security Industry Overview
The Network Security market is highly competitive and fragmented, primarily driven by the presence of major players. These key players employ strategies such as mergers, acquisitions, and product innovations to maintain a competitive edge and broaden their global footprint. Key player include IBM Corporation, Check Point Software Technologies Ltd., Cisco Systems, Inc. and others.
The network security landscape is characterized by increasing sophistication in cyber threats and a growing reliance on advanced technologies such as AI and cloud services. Organizations must adapt their security strategies to address these challenges effectively while leveraging innovative solutions to safeguard their digital assets in an increasingly complex environment.
Network Security Market Leaders
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IBM Corporation
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Check Point Software Technologies Ltd.
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Cisco Systems, Inc.
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FireEye, Inc.
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Fortinet, Inc.
- *Disclaimer: Major Players sorted in no particular order
Network Security Market News
- October 2024: Sophos and Secureworks, the two global leaders of innovative security solutions for defeating cyberattacks, announced a definitive agreement for Sophos to acquire Secureworks. The all-cash transaction is valued at approximately USD 859 million. Sophos expects to integrate solutions from both companies into a broader and stronger security portfolio benefiting small, mid- and enterprise customers.
- May 2024: Palo Alto Networks, the global cybersecurity leader, and IBM Corporation, a leading provider of hybrid cloud and AI, announced a broad-reaching partnership to deliver AI-powered security outcomes for customers. The announcement is a testament to Palo Alto Networks' and IBM's commitment to each other's platforms and innovative capabilities.
Network Security Industry Segmentation
Network security consists of the policies, processes and practices adopted to prevent, detect and monitor unauthorized access, misuse, modification, or denial of a computer network and network-accessible resources.
The network security market is segmented by type (solution, services), by deployment (cloud, on-premises), by enterprises (SMEs, large enterprises), by end-user (IT and telecom, BFSI, government and defense, healthcare, manufacturing, other end-users), by geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | Solution |
| Services | |
| By Deployment | Cloud |
| On-Premises | |
| By Enterprises | SMEs |
| Large Enterprises | |
| By End-user | IT and Telecom |
| BFSI | |
| Government and Defense | |
| Healthcare | |
| Manufacturing | |
| Other End-users | |
| By Geography*** | North America |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
| Solution |
| Services |
| Cloud |
| On-Premises |
| SMEs |
| Large Enterprises |
| IT and Telecom |
| BFSI |
| Government and Defense |
| Healthcare |
| Manufacturing |
| Other End-users |
| North America |
| Europe |
| Asia |
| Australia and New Zealand |
| Latin America |
| Middle East and Africa |
Network Security Market Research FAQs
How big is the Network Security Market?
The Network Security Market size is expected to reach USD 24.95 billion in 2025 and grow at a CAGR of 11.47% to reach USD 42.93 billion by 2030.
What is the current Network Security Market size?
In 2025, the Network Security Market size is expected to reach USD 24.95 billion.
Who are the key players in Network Security Market?
IBM Corporation, Check Point Software Technologies Ltd., Cisco Systems, Inc., FireEye, Inc. and Fortinet, Inc. are the major companies operating in the Network Security Market.
Which is the fastest growing region in Network Security Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Network Security Market?
In 2025, the North America accounts for the largest market share in Network Security Market.
What years does this Network Security Market cover, and what was the market size in 2024?
In 2024, the Network Security Market size was estimated at USD 22.09 billion. The report covers the Network Security Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Network Security Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Network Security Industry Report
Statistics for the 2025 Network Security market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Network Security analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
