Technavio Sees 8% CAGR for Global Network Security Market in 2014-2019

cyber security imageA new Technavio report predicts the global network security market will grow 7.84 percent year over year through 2019 on increases in use of mobile devices.

The report compares products and features for market vendors and discusses what drives and inhibits the market, Technavio said Thursday.

Technavio also described the market as fragmented due to the presence of small and large vendors.

The report profiles tier-one market players such as Cisco, Fortinet, Juniper Networks, Palo Alto Networks, AT&, Avaya, Dell SonicWall, FireEye, Hewlett-Packard, IBM, McAfee, Panda Security and Symantec.

Technavio expects the market to face challenges brought about by complex network infrastructure while the report sees a growing popularity of software as a service-based network security tools.

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