Global Network Security Firewall Market to be Driven by Growing Digitalization Trend During Forecast Period 2022-2027
Expert Market Research’s new report titled “Global Network Security Firewall Market SizeShare, Growth, Analysis, Report and Forecast 2022-2027′, gives an in-depth analysis of the global network security firewall market, assessing the market based on its segments such as component, solution, service, type, deployment and major regions .
The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators and analyzing the market based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
• Historical market size (2021): $4.63 billion
• Forecast CAGR (2022-2027): 22.7%
• Forecast Market Size (2027): $15.81 billion
In today’s business world, information plays a major role in all areas of an organization. As cybercrime increases, businesses are spending more and more to protect their important and confidential data. One of the most commonly used mechanisms for network security is firewall network security.
The growing amount of data contributes significantly to the use of firewall network security. By 2025, globally, the amount of data to be generated per day is expected to reach 463 exabytes. Additionally, the use of a firewall in an organization provides several benefits, such as reduced CapEx and OpEx expenses, improved customer experience, as well as the identification and blocking of gray routes, ultimately propelling its use by organizations.
Network Security Firewall industry definition and major segments
A firewall is a network security device that regulates and monitors incoming and outgoing network traffic and makes the decision to allow or block specific traffic based on certain predetermined criteria and rules. A firewall can be both a software or a hardware device.
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On the basis of component, the global network security firewall market is segmented into:
Based on Solution, the market is split into:
• SMS firewall
• A2P messaging
• Signaling firewall
By service, the market has been segmented as follows:
- Professional services
- Deployment and integration
- Consulting services
- Support and maintenance
- Managed Services
By Type, the market has been split into:
• Packet filtering
• Stateful packet inspection
• Next Generation Firewall
• Unified threat management
By Deployment Type, the market has been segmented as follows:
• On the site
For in-depth analysis, the global network security firewall market has also been segmented into regions like North America, Latin America, Middle East & Africa, Europe, and Asia- Peaceful.
Network Security Firewall Market Trends
Network security firewall is a technology driven market. Market players are involved in the development and launch of new products. In February 2022, Juniper Networks added Secure Edge, a firewall as a service, to its Secure Access Service Edge portfolio. In January 2022, Avast, a leading player in digital security and privacy, updated its free Avast antivirus with a new firewall that protects people against network attacks.
Growing trend of digitalization in several industry verticals and rising awareness about the use of network security firewall systems are also supporting the growth of the global network security firewall market.
Main market players
Leading companies reviewed in the Global Network Security Firewall Market Report are:
- AMD Telecom Private Limited
- SAP SE
- Tata Communications Limited
- Omobio Pvt. ltd.
- Moving route
The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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