Growth in the hardware version of network security solutions in the coming years
Globally, the network security equipment market is expected to grow from $8.45 billion in 2018 to $13.97 billion by 2023, growing at a CAGR of 10.6% over the forecast period 2019 -2013. The growing need to protect a company's network infrastructure from advanced threats and the need for faster performance of network security solutions are some of the key drivers for the widespread adoption of security appliances on the global network scale. The network security appliances market also includes visibility, analytics, management software, and various services that enable enterprises to centrally manage their security appliances and keep their security solutions up-to-date and ready for use. Future in the face of all possible cyber threats. Organizations' growing adoption of cloud-based solutions in industries such as retail, BFSI, and the government will require a cloud-based security solution as their data is available on the cloud network. For example, according to Coherent