Network security has become important with the advent of internet. There are large amount of personal, commercial and government information on networking infrastructure worldwide. Need for security on any network is apparent, as network security issues are increasing exponentially, network administrators are focused to integrate new technologies and components. Network security comprises services and products used to detect and monitor prevent malfunction or misuse and prevent unauthorized access. Owing to the grown number of hackers, network security has been gaining prominence over the past few years. Both small and large end use industries have begun to invest in network security to manage risks beyond their capabilities. These systems may offer reduced costs and increased workforce productivity thereby offering significant competitive advantages to the investors. With advent of wireless technologies, telecommunication, internet and technologies such as organizational network and BYOD are becoming vulnerable to attacks for data thefts. However, in order to protect the wireless network, various vendors have established several offerings including IPS/IDS, firewall, on-appliance reporting, content filtering, data leak preventing, load balancing, gateway antivirus, network intrusion prevention and anti-spam detection. Network security management solutions offer various advantages including reduced technical training requirement, regulatory compliances, integrated approach and cost effectiveness. Market segmentation on the basis of solution includes unified threat management (UTM), identity and access management, encryption, detection system/intrusion prevention (IDS/IPS) and firewall. Market can also be segmented by services into, managed security services, consulting services and security operation services. On the basis of verticals include manufacturing, retail, aerospace and defense, healthcare, telecommunication and IT, government and utilities, banking financial services and insurance. Expected drivers for network security market are efficient compliance with industrial and government regulations and new technologies enabling competitive business However, economic slowdown resulting in reduction of security budget, increase in product price, customer fear of single point failure for network traffic and increased competition from specialized vendors. Nevertheless, the market is expected to continue the growth momentum in short to medium terms, as enterprises are expected to deploy security solutions due to the security challenges arising from upcoming trends such as cloud computing and social media.
Key vendors dominating the market include Symantec Corp., McAfee, Sophos Ltd., Ruckus, Motorola Soltuions, Juniper Solutions, Fortinet, Cisco Systems Inc., Brocade Communications Systems Inc., Aruba Networks , Aerohive, Honeywell and ADT.
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