Network Security Firewall Market: Meticulous Research Reveals Why This Market is Growing at a CAGR of 13.1% to Reach $15.8 Billion by 2025

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 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’’

Scope of the Report:

Network Security Firewall Market, by Type

• Unified Threat Management
• Next-Generation Firewall

Network Security Firewall Market, by Component

• Solution
• Signaling Firewall
• SS7 Firewall
• Diameter Firewall
• SMS Firewall
• A2P Messaging
• P2A Messaging
• Services
• Professional Services
• Managed Services

Network Security Firewall Market, by Deployment

• On-Premise
• Cloud

Network Security Firewall Market, by Industry Size

• Small and Medium Enterprises
• Large Enterprises

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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.).

TOP 10 COMPANIES IN NETWORK SECURITY FIREWALL MARKET

Key questions answered in the report:

Growing penetration of cloud technology in developing countries will drive the network security firewall market

What role does the established cloud network play in developing network security firewall market?

How are next generation firewalls transforming the growth scenario of the network security firewalls market?

What are the geographical trends and high growth regions/ countries with respect to cloud network security?

Recent partnerships, acquisitions, and expansions have taken place in the global network security firewall market

What companies have recently merged/acquired and how will these unions affect the competitive landscape of the global network security firewall market?

What companies have created partnerships and how will these partnerships promote a competitive advantage?

Who are the major players in the global network security firewall market and what share of the market do they hold?

What are the local emerging players in the global network security firewall market and how do they compete with the global players?

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