Network security market accelerates towards USD 80 billion as AI and 5G drive innovation

The global network security market is set to nearly double to USD 54.6 billion by 2030, propelled by AI enhancements, 5G security needs, and the rapid digital transformation across industries worldwide.

The global network security market is experiencing robust expansion, driven by escalating cyber threats and the need for enhanced digital infrastructure protection. Valued at approximately USD 27.9 billion in 2024, the market is projected to nearly double, reaching around USD 54.6 billion by 2030, reflecting a solid compound annual growth rate (CAGR) of 11.8% over the period. This growth underscores the increasing prioritisation of cybersecurity measures as organisations grapple with sophisticated cyberattacks, data breaches, ransomware, and vulnerabilities inherent in cloud, IoT, and hybrid network environments.

A significant driver behind this market surge is the widespread adoption of cloud computing and the expansion of remote workforces, which demand secure, scalable, and flexible network security solutions. Enterprises are adopting zero-trust network access (ZTNA) frameworks and Secure Access Service Edge (SASE) architectures to address the evolving threat landscape and regulatory pressures such as GDPR, HIPAA, PCI-DSS, and others. The proliferation of IoT devices necessitates advanced network segmentation and threat management, further fuelling demand for comprehensive security solutions.

North America currently dominates the market owing to its large-scale digital infrastructure and early adoption of advanced network security technologies. Meanwhile, the Asia-Pacific region is witnessing the fastest growth rate due to rapid digitisation, the expansion of small and medium-sized enterprises (SMEs), and a rising wave of cyber threats targeting critical sectors like financial services, healthcare, and government agencies.

The market structure encompasses various components, including firewalls, intrusion detection and prevention systems (IDS/IPS), secure web gateways, network access control (NAC), encryption, DDoS protection, unified threat management (UTM), zero trust security, and secure SD-WAN solutions. Service offerings such as consulting, managed security services, and integration support also constitute a considerable segment. Deployment modes are diverse, spanning on-premises, cloud-based, and hybrid environments, catering to enterprises of all sizes.

Industry leaders such as Cisco Systems, Palo Alto Networks, Fortinet, Check Point Software Technologies, IBM Security, and others are investing heavily in next-generation firewalls, AI-enhanced threat intelligence, cloud-native security tools, and unified cybersecurity platforms to maintain a competitive edge. Recent advances include the integration of AI for automated threat detection and response, quantum-resistant encryption models, and expanded secure OT/IoT solutions protecting critical infrastructure.

Market trends reveal growing adoption of AI and machine learning for real-time anomaly detection, automated network security to reduce manual intervention, deception technologies to counter advanced persistent threats, and a shift towards identity-centric security models, especially for remote and distributed workforces. Furthermore, managed security services are expanding rapidly, particularly among SMEs, enabling cost-effective access to advanced security capabilities.

Other market forecasts show slightly varied projections, with some estimates suggesting the network security market could reach as high as USD 79.7 billion by 2032, propelled by demands for cybersecurity automation amid increasing network complexities and multi-cloud environments. Additionally, specific sectors such as 5G security are growing at a notably high CAGR, above 40% between 2025 and 2030, highlighting the ever-evolving nature of network security challenges as new technologies emerge.

In summary, the network security market stands at the forefront of IT expenditure, reflecting the critical need to safeguard digital assets in an era marked by sophisticated cyber threats and rapid technological change. The evolving regulatory landscape, innovation in security architectures, and the increasing complexity of enterprise networks ensure that investment in network security will remain a top priority for businesses worldwide.

📌 Reference Map:

• ^[1] (Exactitude Consultancy) – Paragraphs 1, 2, 3, 4, 5, 6
• ^[2] (Grand View Research) – Paragraphs 1, 3, 6
• ^[3] (Global Market Statistics) – Paragraphs 2, 5
• ^[4] (Fortune Business Insights) – Paragraph 5
• ^[5] (SNS Insider) – Paragraph 6
• ^[6] (Grand View Research 5G Security) – Paragraph 6
• ^[7] (Industry Research) – Paragraphs 2, 4

Source: Noah Wire Services