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Network Security Market Grows 5.1% Year-Over-Year in Q4 2024, Omdia Reports

1. The network security market grew 5.1% YoY in Q4 2024. 2. Palo Alto Networks leads with a 28.4% share, indicating strong demand.

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FAQ

Why Neutral?

While the market growth is solid, TTGT's position in this niche remains unclear. Historical trends show that significant competitor growth can pressure smaller firms.

How important is it?

The growth of the network security market hints at potential opportunities for TTGT, but it lacks specificity regarding TTGT's performance.

Why Short Term?

Market growth affects short-term demand dynamics; TTGT must adapt quickly to capture new opportunities.

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LONDON--(BUSINESS WIRE)-- #SASE--The network security market grew 5.1% year-over-year (YoY) in Q4 2024 and 3.1% for the full year according to Omdia's market estimates and forecast through to 2029. Palo Alto Networks retained its position as the market leader with a 28.4% share in 2024, driven by steady demand for security appliances and higher adoption of software and SASE components. Omdia's report covers key segments of the network security market including integrated security appliances, secure rou.

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