Network Security Market is expected to reach US$ 205.9 Billion by 2031

Rising Cyber Threats Fuel Network Security Market Growth

According to our latest study, "Network Security Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Component, Organization Size, Industry Vertical, and Geography," the market was valued at US$ 76.7 billion in 2024 and is expected to reach US$ 205.9 billion by 2031; it is estimated to record a CAGR of 15.4% during 2025–2031. The report includes prospects owing to the current network security market trends and their foreseeable impact during the forecast period.    

Organizations across all industries face threats such as ransomware, phishing, malware, and advanced persistent attacks, which can result in financial losses, data breaches, and reputational damage.

Network Security Market Analysis — by Geography

Source: The Insight Partners Analysis

As businesses adopt cloud computing, IoT, and remote work solutions, the attack surface expands, making networks more vulnerable. To counter these evolving threats, companies are investing in advanced network security solutions, including firewalls, intrusion detection systems, endpoint security, and AI-driven threat detection. This heightened awareness and proactive approach to cyber defense are driving demand for integrated, real-time security platforms and managed security services, contributing to the global network security market growth.

Oracle Corp, International Business Machines Corp, Open Text Corp, SAP SE, Cisco Systems Inc., Microsoft Corp, Broadcom Inc., Palo Alto Networks Inc., CrowdStrike Holdings Inc., and Fortinet Inc. are among the key players profiled in the network security market report. Other players were also analyzed during the study to get a holistic view of the market and its ecosystem.

The report includes the network security market forecast by component, organization size, and industry vertical. Based on component, the global network security market is bifurcated into solutions and services. The increasing demand for comprehensive, multi-layered security platforms is driving the segment growth. It includes endpoint security, firewalls, intrusion detection and prevention systems, secure access solutions, and cloud security. Organizations adopt these integrated solutions to protect against sophisticated cyber threats, ensure regulatory compliance, and safeguard critical digital assets across networks. This segment held the largest network security market share in 2024.

The scope of the network security market report focuses on North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). Asia Pacific dominated the market in 2024, followed by Europe and North America.

The network security market in Asia Pacific is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. In terms of revenue, China held the largest network security market share in APAC. China's network security market is rapidly expanding due to the country's accelerated digital transformation, widespread adoption of cloud computing, IoT, and mobile technologies, and the rise of e-commerce and smart city initiatives. Increasing cyberattacks and stringent government regulations on data protection, such as the Cybersecurity Law, are driving demand for advanced security solutions. Large enterprises and SMEs are investing in firewalls, endpoint security, cloud security, and managed services, making China one of the fastest-growing markets in the region.

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