According to the recent research report titled ‘Global Enterprise Network Security Market - Analysis By Service Types (Firewalls, Antivirus and antimalware software, Network Access Control, Others), Deployment Types, By Industry, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with MarketStudyReport, global enterprise network security market was valued at USD 19123.01 million in 2019 and is expected to register decent growth during 2020-2025.
 

As per the report findings, global enterprise network security market growth can be credited to increasing internet penetration, surging popularity of artificial intelligence (AI), rising cyberattacks, and growing smartphone utilization.
 

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For the unversed, enterprise network security is used by a company to defend its business network from potential threats that have the potential to stymie or shut down the system. Through a combination of IT strategy, software, and hardware, it protects business-sensitive data and applications from harmful sources.
 

Based on service types, the market is split into network access control, antivirus & antimalware software, firewalls, and others. Among these, firewalls segment is predicted to continue to develop gradually over the forecast period, owing to rising demand for the service in network security.  
 

As per deployment type, global enterprise network security industry segmentation comprises of cloud, and on-premise. On-premise deployment is a common deployment option worldwide and is predicted to continue to increase gradually over the forecast period. The market will be driven by organizations’ large-scale usage of on-premise deployment types for network security
 

Meanwhile, cloud segment is anticipated to expand over 2020-2026, due to high demand for new-age cloud-based services.
 

Moving on to industry, the vertical is divided into healthcare, IT & telecommunication, BFSI, and others. BFSI leads the market forecast and is likely to continue to develop in the coming years, creditable to significant demand for data security in the BFSI sector.
 

Elaborating on the geographical ambit, Americas is predicted to lead the global market over the next five years, attributable to growing adoption of new technologies, increasing awareness of cyber risks, and presence of prominent network security businesses in the region.
 

Coming to the competitive landscape, Arista Networks, Juniper Networks Inc., Hewlett Packard Enterprise (HPE) Company, Extreme Networks, NortonLifeLock Inc., Palo Alto Networks, Fortinet Inc., FireEye, Check Point Software Technologies, and Cisco Systems Inc. are the leading companies operating in global enterprise network security industry sphere.