The global network security firewalls market is expected to be valued at US$ 19677 million by 2032, up from US$ 4882 million in 2022, expanding at a CAGR of 15% during the forecast period.
The market for network security firewalls is expanding due to the rising use of web applications and the rising demand for improved security services to reduce the risk of cyber-attacks.
The number of connected devices is increasing, which raises the security risk. As a result, more businesses are adopting network security firewalls to protect data and information from security breaches and cyberattacks, which is ultimately fuelling the growth of network security firewalls. Additionally, the market for network security firewalls is expanding due to the use of these devices for cloud computing.
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Now a days, most of the medium and large-scale organization has a presence on the Internet and has an organizational network connected to it. Therefore, network security firewalls are used to maintain network security between the outside internet and the internal network to protect the business against fraud and data breaches.
Also, network security firewalls help enterprises in securing communication pathway from unauthorized access and data misuse and due to this the network security firewalls market is growing at a rapid pace.
Network Security Firewalls Market: Drivers and Restraints
Drivers
The advancement in security management services is the primary growth factor which is driving the growth of the Network Security Firewalls market. Also, the increasing number of mobile threat issues in enterprises are supporting the rapid adoption of the network security firewalls market. Moreover, to handle the serious and highly variable risks associated with an exposed security posture, the need for Network Security Firewalls is increasing rapidly.
Apart from this, the increasing adoption of network security firewalls by various enterprises to protect their data and information from cyber-attacks is also driving the growth of the network security firewalls market.
Restraints
The key challenge in the network security firewall market is the vulnerability to cyber-attacks. Also, device and system compatibility is a major challenge which may hamper the growth of the Network Security Firewalls market. Moreover, the lack of preventive firewall maintenance among telecom organizations is also one of the factors which may hamper the growth of the network security firewalls market.
Key Players
The prominent players in the Network Security Firewalls market include SAP SE, Hewlett Packard Enterprise, Cellusys, Symsoft, Openmind Networks, Tata Communications, ANAM Technologies, AMD Telecom, Adaptive Mobile, Infobip, and others
Network Security Firewalls Market: Regional Overview
On a geographic basis, North America is anticipated to capture the largest and fastest growing network security firewalls market in terms of revenue, owing to rapid advancement in mobile security technologies and the presence of various key players in the region.
APAC and MEA are also anticipated to witness high growth rates in the Network Security Firewalls Market over the next coming years due to the increasing number of smartphones and rapid adoption of Network Security Firewalls in various enterprises in the region.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industries.
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Network Security Firewalls Market: Segmentation
Segmentation of the Network Security Firewalls market based on solution type:
- SMS Firewall
- Signalling firewall
Segmentation of the Network Security Firewalls market based on deployment type:
- Cloud
- On-premise
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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