Cloud Network Security Software

Cloud Network Security Software

Global Cloud Network Security Software Market to Reach $20.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Cloud Network Security Software estimated at US$8.4 Billion in the year 2020, is projected to reach a revised size of US$20.7 Billion by 2027, growing at a CAGR of 13.8% over the analysis period 2020-2027. BFSI, one of the segments analyzed in the report, is projected to record a 16.6% CAGR and reach US$7.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Government segment is readjusted to a revised 14.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.5 Billion, While China is Forecast to Grow at 13.1% CAGR

The Cloud Network Security Software market in the U.S. is estimated at US$2.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2027 trailing a CAGR of 13.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.6% and 11.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.7% CAGR.

Manufacturing Segment to Record 13.1% CAGR

In the global Manufacturing segment, USA, Canada, Japan, China and Europe will drive the 12.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.1 Billion in the year 2020 will reach a projected size of US$2.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.4 Billion by the year 2027.

Select Competitors (Total 42 Featured) -

• CA Technologies, Inc.
• Cato Networks, Inc.
• Check Point Software Technologies Ltd.
• Ciphercloud, Inc.
• Cisco Systems, Inc.
• Dell Technologies
• Digital Guardian, Inc.
• EMC Corporation
• Fortinet, Inc.
• Gigamon Inc.
• HyTrust, Inc.
• IBM Corporation
• McAfee LLC
• Microsoft Corporation
• Mimecast Ltd.
• Netskope, Inc.
• Palo Alto Networks, Inc.
• Panda Security SL
• Qualys, Inc.
• Siemens Building Technologies and Solutions
• Sophos Ltd.
• Symantec Corporation
• Twistlock Ltd.
• Unisys Corporation
• vArmour
• WebServe
• Zscaler, Inc.

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