Research and Markets: Cyber Crime to Drive Network Security Tech Demand Through 2019

A new Research and Markets report predicts the global market for network security platforms to experience a compound annual growth rate of 7.84 percent from 2014 to  2019.

The increasing demand among companies for software as a service-based network security tools and the rising cases of fraud, data theft and other forms of cyber attacks are expected to drive the worldwide network security market, Research and Markets said Friday.

SaaS-based network security platforms work to provide instant access to companies and facilitate the adoption of the pay-per-use model.

The complexity of information technology infrastructure will pose a challenge to the growth of the global network security market, according to the report.

Companies mentioned in the report include Check Point Software Technologies, Cisco Systems, Fortinet, Juniper Networks and Palo Alto Networks.