Market Insights report
Besides software-only solutions, hardware-based security products also play an important role, especially for network security. With increased digitization, hardware devices are constantly adapted to meet the latest standards. Therefore, the Hardware segment recovers relatively quickly after economic downturns, such as after the financial crisis of 2008. Whilst cybersecurity is mainly a B2B market, the Hardware segment also includes a certain B2C share. Just like with the other segments, the largest market for the Hardware segment is North America, but Asia is also a particularly important region, and Hardware is the largest segment of the Chinese market. The COVID-19 pandemic led to many companies delaying investments, resulting in an increase in growth after the drop in 2020. In the future, the Hardware segment is expected to see solid growth, albeit at a lower level than in previous years, reflecting the strategic shift towards investing less but in a more target-oriented way.
What's included?
The segment Hardware comprises equipment for protecting endpoints and networks, such as hardware firewalls and unified threat mangement devices. Revenues include both company and consumer investments in Hardware.
Overview
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