Global industry analysts forecast the global network security market to reach $6.8 billion by 2026

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Editing: 16; Published: January 2022
Executive Pool: 17672
Companies: 387 – Players covered include Cisco Systems, Inc.; Hewlett Packard Enterprise Development LP (HPE); Honeywell International, Inc.; IBM Corporation; Siemens AG and others.
Cover: All major geographies and key segments
segments: Segment (network security)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.

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Global network security market to reach $6.8 billion by 2026
Amid COVID-19 crisis, Global Network Security Market Estimated at US$5.5 billionis expected to reach a revised size of US$6.8 billion by 2026, growing at a CAGR of 3.5% over the analysis period. Hardware, one of the segments analyzed in the report, is expected to register a CAGR of 2.9% and reach US$4.5 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and induced economic crisis, Software segment growth is readjusted to a revised CAGR of 4.5% for the next 7-year period.

The US market is estimated at $1.5 billion in 2021, when China is expected to reach $1.4 billion by 2026
The network security market in the United States is estimated at US$1.5 billion in the year 2021. Chinathe second largest economy in the world, is expected to reach a projected market size of US$1.4 billion by 2026 with a CAGR of 6.2% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 1% and 2.6% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 1.7%. After

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About Global Industry Analysts, Inc. and StrategyR™
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
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