Network Security Firewall Market is determined to cross $15.8 Billion by 2025- Meticulous Research
“Network Security Firewall Market by Type (Unified Threat Management, Next-Generation Firewall), Component (Solution, Services), Deployment (On-premise, Cloud) Industry Size (SME, Large Enterprises), and Geography- Global Forecast to 2025”
January 14, 2020 /MarketersMedia/ —
Network security firewall is a security tool created for preventing unauthorized access to private information existing on a network. A firewall can be implemented in either hardware or software form or a combination of both and can separate a particular network and its data from an external network in order to keep that network data private. The rapid use of web applications and the increasing demand for security services to mitigate the risk of cyber-attacks are driving the growth of the network security firewall market. The global network security firewall market is witnessing a consistent growth and is expected to maintain its growth throughout the forecast period. Meticulous Research® in its latest publication on the Network Security Firewall market has estimated a CAGR of 13.1% for this market from 2019 to 2025 to reach $15.8 billion by 2025.
The growth of network security firewall market is majorly attributed to the advancement of digital transformation in the telecommunication industry that is providing significant growth opportunities for network security firewall market. Rising sense of security and privacy owing to the increasing occurrences of cyberattacks is also urging organizations to incorporate network security firewalls.
To provide efficient analysis, Meticulous Research has segmented this market on the basis by Type (Unified Threat Management and Next-generation Firewall), Component (Solution, and Services), Deployment (On-premise, and Cloud) Industry Size (SME, and Large Enterprises) and Region – Global Forecast to 2025’’
Geographically, North America commanded the largest share of the network security firewall market followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa. The major share of North America is mainly attributed to the greater awareness of firewalls in the region amidst growing threats of cyberattacks. Presence of key vendors from network security firewall market in this region also supports the technological growth of the industry in North America. However, the Asia-Pacific region is also promising fastest growth of network security firewall market due to the growing digitization across several developing countries including India and China. Growing threat of cyberattacks for organizations in the developing economies in this region and consequently increasing need to ensure privacy and security of network is expected to contribute to the growth of the network security firewall market in the Asia-Pacific region over the forecast period.
In terms of component, the solutions segment accounted for the largest share of the global network security firewall market in 2018. The large share of this segment is mainly attributed to the growing demand for the network security & privacy solutions and advancement of digital transformation in the telecommunication industry. Increasing demand for flexible, affordable, easy to manage, and scalable network security solutions, specifically from small and mid-sized enterprises is supporting the growth in the network security firewall solutions market.
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including SAP SE (Germany), Cisco System Inc. (U.S.), Mobileum Inc (U.S.), ANAM Technologies (Ireland), Fortinet Inc (U.S.), BICS SA(Belgium), Route Mobile Limited (India), AMD Telecom SA (Greece), Cellusys (Ireland), NetNumber Inc (U.S.), Openmind Networks (Ireland), Juniper Network Inc (U.S.), WatchGuard Technology Inc (U.S.), Checkpoint Software Technology Ltd. (U.S.).
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Market Study Report Included –
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.3.1. Currency
1.3.2. Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.2.3. Market Size Estimation
2.2.3.1.Bottom-Up Approach
2.2.3.2.Top-Down Approach
2.2.3.3.Growth forecast
2.2.4. Market Share Analysis
2.3. Assumptions for the Study
3. Executive Summary
3.1. Market Overview
3.2. Market Analysis, by Type
3.3. Market Analysis, by Component
3.5. Market Analysis, by Deployment
3.6. Market Analysis, by Industry Size
3.7. Market Analysis, by Geography
3.8. Competitive Analysis
4. Market Insights
4.1. Introduction
4.2. Market Dynamics
4.2.1. Driver
4.2.1.1. Increasing Demand for Network Security and Privacy
4.2.1.2. Increasing Adoption of Cloud Computing
4.2.1.3. Adoption of Digital Transformation in the Telecommunication Industry
4.2.2. Restraints
4.2.2.1. Lack of Preventive Firewall Maintenance
4.2.3. Opportunities
4.2.3.1. Increased Adoption of Network Function Virtualization
4.2.3.2. Operator Investments for Dynamic Infrastructure
4.2.4. Challenges
4.2.4.1. Growing Grey Route Fraudulent Activities
4.2.5. Trends
4.2.5.1. Next-Generation Firewall Replace the Current Network Security Firewall
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5. Network Security Firewall Market, by Type
5.1. Introduction
5.2. Unified Threat Management
5.3. Next-Generation Firewall
6. Network Security Firewall Market,by Component
6.1. Introduction
6.2. Solution
6.2.1. Signalling Firewall
6.2.1.1. SS7 Firewall
6.2.1.2. Diameter Firewall
6.2.2. SMS Firewall
6.2.2.1. A2P Messaging
6.2.2.2. P2A Messaging
6.3. Services
6.3.1. Professional Services
6.3.2. Managed Services
7. Network Security Firewall Market, by Deployment
7.1. Introduction
7.2. On-Premises
7.3. Cloud
8. Network Security Firewall Market, by Industry Size
8.1. Introduction
8.2. Small and Medium Enterprises
8.3. Large Enterprises …….For more information , Download Sample Copy of Report
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