Network Security Solutions (Global)

2024: Global Network Monitoring Market Growth by 8% to $5.62 Billion

In 2024, costs in the global network monitoring systems market reached $5.62 billion. For comparison, a year earlier, expenses were estimated at $5.19 billion. Thus, an increase of 8% was recorded. Industry trends are addressed in the Market Research Future survey, unveiled in mid-January 2024.

One of the main drivers of the analytics industry is the growing frequency and complexity of cyber threats. Organizations are increasingly aware of the importance of robust network monitoring solutions for real-time detection, analysis, and response to potential security breaches. Cyber attacks and vulnerabilities can lead to significant financial losses and reputational damage due to data breaches or downtime. Against this background, companies are investing heavily in network monitoring tools that can constantly monitor threats, intrusions, and more. Such systems are able to warn in advance of abnormal activity that may indicate an invasion. This allows organizations to quickly take the necessary protective measures, minimizing the consequences of the attack.

In addition, the development of the industry is stimulated by the rapid implementation of cloud computing. Organizations are moving their operations to cloud platforms to improve flexibility, scalability, and cost-effectiveness. However, this transition requires vigilant monitoring of the network to ensure cloud security and compliance. In the case of SaaS (software as a service) and IaaS (infrastructure as a service) models, continuous monitoring is required to detect any anomalies or performance issues. Therefore, cloud service providers and enterprises are increasingly deploying advanced network monitoring solutions to maintain the security and integrity of their infrastructures.

Real-time performance monitoring has been cited as another growth factor: it has become critical for businesses in the digital age, as downtime and delays can negatively impact customer satisfaction, and therefore revenue. Enterprises also require network analytics tools to optimize operations.

The authors of the report divide the market into cloud, local and hybrid solutions. In 2023, the first of these areas accounted for $1.55 billion. At the same time, local systems dominate with an estimate of $2.1 billion: such tools prefer organizations that require increased security and maximum control over their network infrastructures. The hybrid segment accounted for $1.54 billion: these solutions provide a balanced approach that combines both cloud and local resources. Significant market players are named:

• New Relic;
• NetScout Systems;
• Cisco Systems;
• Nagios;
• AppDynamics;
• Auvik Networks;
• Dynatrace;
• SolarWinds;
• IBM;
• PRTG Network Monitor;
• ManageEngine;
• Micro Focus;
• Broadcom;
• Zabbix;
• Splunk.

Geographically, North America was leading in 2023 with costs of $2.08 billion. In second place is the Asia-Pacific region, where expenses amounted to approximately $1.4 billion. Europe closes the top three with an estimate of $1.3 billion. South America brought in $0.25 billion, the Middle East and Africa - about $0.16 billion.

Market Research Future analysts believe that in the future, the CAGR in the market under consideration will be 8.13%. As a result, by 2032, costs on a global scale could increase to $10.5 billion.^[1]

2023: International standard for the exchange of information on cyber threats in communication networks developed

On August 25, 2023, it became known that the International Telecommunication Union (ITU) will discuss the possibility of using the STIX language to exchange information about cyber threats in communication networks as a new industry standard. Read more here.

2020: 5G Protection Equipment & Services Market Valued at $580 Million - MarketsandMarkets

The market for equipment and services for protection of networks 5G at the end of the year 2020 is estimated by analysts MarketsandMarkets at $580 million. Experts say demand for such solutions is growing rapidly as fifth-generation communications are actively built and launched. The main catalysts for this rise are named:

• growing concern among operators and subscribers about the security of 5G networks;
• an increase in the number of ransomware attacks on Internet of Things equipment;
• a flurry of hacker attacks on critical information infrastructure (CII, this includes IT systems of banks, government agencies, fuel and energy complex, etc.) around the world;
• a growing number of wireless connections to IoT devices, which paved the way for the mMTC (Massive machine type communications) standard with increased security requirements.

In the market for solutions for protecting 5G networks, sales of the corresponding services grew the fastest in 2020, since, as stated in the study, such services are focused on improving business processes and optimizing corporate networks. Services are considered the backbone of 5G security because they are used in tasks such as testing, network planning and optimization, support and maintenance, and consulting.

The market for equipment and services for the protection of 5G networks at the end of 2020 is estimated at $580 million

At the same time, experts believe that cloud information security tools used to ensure cybersecurity of 5G networks can become the fastest growing segment, since the cloud model allows businesses to save money - the company does not need to spend money on equipment, software, data storage and technical personnel. The benefits of the cloud model in MarketsandMarkets also include scalability, availability, flexibility, and cost-effectiveness.

As for the technology segments, tools for protecting 5G networks from DDoS attacks were in greatest demand in 2020.

The largest sales of tools and services for protecting 5G networks in 2020 fell on the Asia-Pacific region. He is expected to retain the lead through 2026. Infrastructure growth in the region, particularly in Japan, South Korea, Australia, Singapore, China and India, and the growing deployment of 4G and 5G networks offer huge opportunities to implement 5G communications security solutions, the study said.

In their report, MarketsandMarkets analysts considered both public 5G telecommunications networks, to which all subscribers can connect, and dedicated networks deployed within the enterprise. A dedicated wireless technology network designed for digitalization and automation of technological processes combines various sensors, elements of the production ecosystem and the enterprise IT infrastructure into a single secure circuit. This generally ensures stability, increased reliability and safety of all elements of production. However, as emphasized in the analytical report, the high cost of 5G protection systems will limit their implementation by small and medium-sized enterprises, so the latter risk encountering cyber incidents when using dedicated cellular networks.

MarketsandMarkets: Global 5G Security Tools and Services Market Size to Grow by Approximately 44.3% Annually

Companies using 5G networks with autonomous architecture (5G Standalone, 5G SA), for example, for robotization, big data analysis, industrial Internet of Things and augmented reality, will need mechanisms to secure the "entire" 5G network.

According to the researchers, the global market for tools and services for protecting 5G networks will grow by about 44.3% annually and will amount to approximately $5.23 billion by 2026.^[2]

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