Technology & Telecommunications · Indirect
Monitoring · monthlyProcurement Category Intelligence
Network Security Equipment
Overview
Market size
$28.5B
global, USD
CAGR
11.2%
base to forecast
Buyer power
-1.8
supplier-favoured
Suppliers
6
tracked players
Signals
12
2 high severity
Market outlook
2031$48.5B
What changed
Demand by region
North America demand40%
Europe demand25%
Asia Pacific demand20%
Rest of world demand15%
share of global demandtotal 100%
Cost drivers
Semiconductors and specialized processing chips35%
Proprietary software development and firmware R and D25%
Electronic component assembly and contract manufacturing15%
Technical customer support and security subscription services15%
Global logistics and distribution10%
share of delivered cost (analyst estimate)