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Network Security Market Size To Reach $79.29Bn By 2033

Network Security Market Size To Reach $79.29 Billion By 2033

June 2025 | Report Format: Electronic (PDF)

Network Security Market Growth & Trends

The global network security market size is estimated to reach USD 79.29 billion by 2033, projected to grow at a CAGR of 12.7% from 2025 to 2033, according to a new report by Grand View Research, Inc. The increasing number of cyber-attacks as a result of the expansion of e-commerce platforms, proliferation of smart devices, and cloud deployment are some of the important drivers driving market expansion. The increased use of organizational devices equipped with intelligent technologies and IoT-connected devices is likely to increase cyber risks. As a result, end-user businesses are anticipated to incorporate advanced network security solutions to reduce the risk of cyber-attacks, hence supporting market growth.

The necessity for an adaptable, multi-layered, and self-learning security system has grown critical as the cyber environment has evolved into a highly integrated system. Furthermore, factors such as the proliferation of mobile-networked devices, ubiquity of electronic communications, rise of social media, and rising reliance on Big Data have necessitated for the defense cybersecurity system to be kept up-to-date with the evolving cyber threat scenario. Governments globally have increased their spending on cybersecurity solutions to protect devices and sensitive data from cyberattacks, bolstering market growth.

The market is likely to expand further as end-user businesses increasingly implement bring-your-device and choose-your-device policies. With the growing BYOD trend, it is expected that many employees globally will continue to work from remote locations or at home. Employees can access business information via cloud platforms under the CYOD and BYOD models, which exposes them to data theft. Traditional cyber security solutions are unable to defend devices from all types of advanced persistent threats or malware attacks, resulting in a greater demand for advanced cyber security solutions, including network security software and services.

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Network Security Market Report Highlights

The solution segment dominated the network security market with a market share of 72.6% in 2024.
The cloud-based segment dominated the network security market in 2024. Cloud-based network security is primarily defined as a pay-per-use or subscription model.
The large enterprises segment dominated the network security market in 2024.
The BFSI segment dominated the network security market with a market share of over 20.0% in 2024.
North America dominated the network security market with a market share of 35.9% in 2024.

Network Security Market Segmentation

Grand View Research has segmented the global network security market on the basis of component, deployment, enterprise size, industry vertical, and region:

Network Security Component Outlook (Revenue, USD Billion, 2021 - 2033)