Network security software market size is set to grow by USD 17.51 billion from 2022 to 2027 | North America to contribute 33% of the market growth - Technavio
Summary
NEW YORK, Sept. 3, 2023 /PRNewswire/ -- The global network security software market size is estimated to grow by USD 17.51 billion from 2022 to 2027, according to Technavio. The regional market growth can be attributed to factors such as the frequency and level of sophistication of cyber threats and the increasing shift towards digital transformation across numerous businesses and industries prioritizing the security of their sensitive data and vital infrastructure. Technologies like IoT play an important role in protecting digital assets and guaranteeing network integrity. • Hence, factors such as balancing security and user experience is a challenge that can hinder market growth focus during the forecast period. This procurement software market report extensively covers market segmentation by deployment (cloud and on-premises), end-user (retail and e-commerce, healthcare and pharmaceuticals, manufacturing and automotive, IT and telecom, BFSI, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa).