The increased global demand for smartphones and rising internet penetration in remote areas has boosted demand for network security software, while the implementation of bring-your-own-device policies has created the need for secure data transmission. Industries such as health care and retail are implementing advanced technologies, which will likely create challenges that boost network security adoption.
As the integration of technologies with 5G is increasing, more data will be shared via the network, creating more data security threats for service providers as well as users. And the presence of multiple hosting environments where all devices are connected to the server has increased security risk, with hackers constantly attacking networks to destroy databases and access confidential information.
The network security market is expected to expand at a compound annual growth rate of 11.6 percent, going from $22.74 billion in 2019 to $54.07 billion by 2027, according to Fortune Business Insights. The adoption of network security is highest in the U.S., with industries such as financial services, health care and retail implementing and updating the software to maximize data privacy and protection.
As part of CRN’s annual Security 100 list, here’s a look at 20 network security vendors offering everything from log filtering and encrypted traffic visibility and analysis to containerized firewalls and SD-WAN for challenging operational settings.