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Market Research Future has come up with the latest report on the Global Network Security Appliance Market 2020.
It exposes that the market expected to witness much bigger stability from the years 2018–2023.
The report is an important dynamic of the market and gives an idea of the types, the process, and value chain that has been included in the report.
Major drivers and restraints affecting the global Network Security Appliance market are profiled in the report.The market study also focuses on the fact that certain factors such as heightening cyber-crime, implementation of bring-your-own-device, and adoption of advance in technology will add new opportunities for this market in the coming years.
Surged demand for cloud-based solutions and stringent government regulations, have also collectively created opportunities for network security appliance market maturity.
The products segment is the unified threat management (UTM), next-generation firewalls (NGFWs), intrusion detection system (IDS), firewalls, and intrusion prevention system (IPS), sandboxing, distributed denial of service (DDoS) protection, and web security.
According to new market research report on "MEA Cybersecurity Market by Solution (IAM, Encryption, DLP, UTM, Antivirus/Antimalware, Firewall, IDS/IPS, Disaster Recovery), Service (Professional and Managed), Security Type, Deployment Mode, Organization Size, Vertical, and Country - Forecast to 2023", The MEA cybersecurity market size is expected to grow from USD 15.66 billion in 2018 to USD 31.82 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.2% during the forecast period.Cyber security solutions and services help enterprises protect their endpoints, networks, applications, and cloud environments from advanced threats, such as malwares, ransomwares, Distributed Denial of Service (DDoS) attacks, and Advanced Persistent Threats (APTs).
The increasing demand among Small and Medium-sized Enterprises (SMEs) operating across industry verticals and regions would drive the market growth during the forecast period.Browse and in-depth TOC on “MEA Cybersecurity Market”192 - Tables55 - Figures273- Pages Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=190673806 Application security segment to grow at the highest CAGR during the forecast periodThe application security segment is expected to grow at the highest CAGR during the forecast period.
The proliferation of mobile devices, Bring Your Own Device (BYOD) trend, and workstations has significantly increased the use of application security solutions across enterprises.
Increasing attacks on enterprise applications in major industry verticals, such as energy and utilities, Banking, Financial Services, and Insurance (BFSI), and IT and telecom, would drive the demand for application security solutions.The network security segment is expected to hold the highest market share and continue to dominate the market during the forecast period, due to the growing instances of advanced threats on networks.Healthcare vertical to grow at the highest CAGR during the forecast periodThe healthcare industry vertical is expected to hold the highest market share and grow at the highest CAGR during the forecast period, due to the technological proliferation of healthcare applications and increased instances of healthcare data thefts and breaches.
The adoption of cybersecurity solutions provides advanced protection from threats, without affecting operational efficiency.Speak With Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=190673806Middle East to hold a larger market size, whereas Africa to grow at the highest CAGR during the forecast periodThe Middle East is expected to hold the largest market size and dominate the MEA cybersecurity market from 2018 to 2023, due to the growing demand for cybersecurity solutions across industry verticals, such as energy and utilities, government and defense, IT and telecom, and healthcare.
Owing to the rising adoption of mobile devices and BYOD trend, the cybersecurity solutions in the Middle East would gain traction during the forecast period.
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