Global network security industry set to reach $ 7 billion in 2027 – ResearchAndMarkets.com
DUBLIN – (COMMERCIAL THREAD)–The “Network Security – Trajectory and Analysis of the Global Market” the report was added to ResearchAndMarkets.com offer.
Amid the COVID-19 crisis, the global network security market, estimated at US $ 5.5 billion in 2020, is expected to reach a revised size of US $ 7 billion by 2027, with growth at a CAGR of 3.5% over the period 2020-2027. .
Hardware, one of the segments analyzed in the report, is expected to register a CAGR of 2.9% and reach US $ 4.5 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the software segment is readjusted to a revised CAGR of 4.5% for the next 7-year period.
The US market is estimated at $ 1.5 billion, while China is expected to grow at 6.2% CAGR
The network security market in the United States is estimated at US $ 1.5 billion in 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 1.5 billion by 2027 , with a CAGR of 6.2% during the analysis period 2020 to 2027. Other notable geographies include Japan and Canada, each forecasting growth of 1% and 2.6% respectively over the course of the year. the period 2020-2027. In Europe, Germany is expected to grow by around 1.7% CAGR.
Selected Competitors (Total 203 featured):
Cisco Systems, Inc.
Hewlett Packard Enterprise Development LP (HPE)
Honeywell International, Inc.
Main topics covered:
1. MARKET OVERVIEW
Overview of the influencer market
Global market trajectories
Impact of Covid-19 and an impending global recession
2. FOCUS ON CERTAIN PLAYERS
3. MARKET TRENDS AND FACTORS
4. WORLD MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information on this report, visit https://www.researchandmarkets.com/r/n23z69