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Remote work drives the Network Security Market.

Enterprise Security Magazine | Wednesday, December 29, 2021

The increasing acceptance of remote work and adoption of cloud, the remote workplace, collaboration, and security are driving the network security (NWS) market as stated in Frost & Sullivan's recent analysis for the APAC region.

FREMONT, CA: In order to protect remote employees, investments in upgrading security control systems are increasing due to the emergency adoption of remote work. Moreover, the increase in the number of highly sophisticated cyberattacks on critical infrastructure and government organizations are driving the firms and businesses in the region to invest more in cybersecurity technologies to amplify their threat detection and response capabilities. As a result of which, the buoyant market that was valued at 5.12 billion in 2020, is estimated to reach 7.32 billion by 2025 at a CAGR of 7.4 percent.

Information and Communication Technology Industry Analyst at Frost & Sullivan, Vivien Pua said that from the technology perspective, the leading force for the overall NWS market growth over the forecast period will be the network firewall segment if the demand for the secure software-denied wide-area network (SD-WAN) and secure cloud edge services solutions soars. Similarly, owing to the work-from-home environment, the secure remote access segment is expected to sustain its robust growth momentum, which is majorly influenced by the increasing demand for high performance. Further, Pua added that on a macro level, the key market driver for highly regulated industries such as government, BFSI, healthcare, and telecommunications, and sectors with critical infrastructure is the stringent regulatory compliance around data privacy and protection.

Organizations are increasing their investments in cybersecurity technologies in several ways that offer lucrative growth opportunities for the NWS market participants. Firms are aiming to surge in the replacement of threat prevention platforms in the short term and to meet short-term demands for secure remote access and zero-trust network access. Additionally, there is an increasing demand for secure SD-WAN and for critical infrastructure (CI) protection. Therefore, the market players must concentrate on protecting CI from cyberattacks by rendering security solutions and vendors should work closely with regional channel partners to educate the market.

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