The report, now available on ASDReports, recognizes the following companies as the key players in the Global Network Security Market: Check Point Software Technologies, Cisco Systems, Fortinet, Juniper Networks and Palo Alto Networks
Other Prominent Vendors in the market are: AhnLab, Arbor Networks, AT&T CDN Services, Avaya, Barracuda Networks, Clavister, Cyberoam Technologies, Dell SonicWall, F5 Networks, FireEye, Hewlett-Packard (HP), IBM, McAfee, Panda Security, Qualys, Secure IQ, Sophos, Spikes Security, Symantec and WatchGuard Technologies
Commenting on the report, an analyst from Technavios team said: Advances in technology are forcing vendors to offer SaaS-based network security solutions to their customers. Companies are also increasingly adopting these solutions because of their multiple benefits, which include the availability of the pay-per-use model and the provision of instant access. SaaS-based network security solutions also automatically update products, enabling them to respond to the latest security threats. The growing requirements of companies (ranging from small to large enterprises) are fueling the demand for SaaS-based network security solutions.
According to the report, one of the major drivers contributing to the growth of the market is the increasing amount of business information theft and fraud. Cyber-attacks have increased and targeted people, networks, and devices. In rapidly changing IT infrastructure, attackers have found new ways of stealing valuable information and disrupting business. The increasing dependency on websites and web applications for critical purposes such as transactions and other related activities is leading to an increase in credential theft.
Further, the report states that one of the major challenges faced by the vendors operating in the global network security market is the increased complexity of network infrastructure.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Dec 1, 2015