According to a research report titled ‘Global Enterprise Network Security Market - Analysis By Service Types, Deployment Types, By Industry, By Region, By Country: Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global enterprise network security market was valued at USD 19123.01 million in 2019 and is projected to record a healthy growth rate during 2020-2025.
 

As per report findings, extensive internet penetration, and widespread incorporation of artificial intelligence technology are stimulating the growth of worldwide enterprise network security industry. Furthermore, rising number of cybercrimes, and worldwide proliferation of smartphones are expected to drive industry revenue during the forecast period.
 

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Based on service types, the market is categorized into network access control, firewalls, and antivirus & antimalware software among others. Firewalls segment is poised to hold modest market share in the ensuing years, owing to high demand for network security.
 

Speaking of deployment mode, global enterprise network security market is arrayed into cloud, and on-premise. The report cites that on-premise deployment is speculated to be used for network security on a large scale by organizations, while cloud deployment segment is projected to grow at a fast pace owing to increasing preference for cloud-based infrastructure.
 

Speaking of application scope, enterprise network security is primarily used in IT & telecommunication, BFSI, and healthcare sectors among a few others. BFSI application is slated to be a major contributor to market remuneration over 2020-2025, on account of strict protocols for data security in financial institutes.
 

On the regional front, Americas is expected to grab a significant portion of worldwide enterprise network security market share by the year 2025, owing to quick adoption of new technologies, and rising awareness about cyber security.
 

Key contenders in global enterprise network security industry sphere are Cisco Systems Inc., NortonLifeLock Inc., Arista Networks, Check Point Software Technologies, Juniper Networks Inc., Palo Alto Networks Inc., FireEye, Hewlett Packard Enterprise (HPE), Fortinet, and Extreme Networks.