Latest Network Security Firewall Market Design Patterns

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Network Security Firewall Market

Global Network Security Firewall Market was valued at USD 38.9 Billion in 2021 and is projected to reach USD 101.3 Billion by 2031, growing at a CAGR of 9.8% during the forecast period.

New York, according to a new market research report published by Global Insight Services Network Security Firewall, the market is expected to reach US$XX Billion by 2031. The report includes in-depth segmentation and market size data by categories, product types, applications and geographies. . The report also includes a comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, and recent events such as merger and acquisition activities in the market.

The network security firewall is configured so that all data entering or leaving the network must pass through it. The network security firewall achieves this by examining individual incoming messages and rejecting those that do not meet defined security criteria. When properly configured, a firewall allows users access to all necessary resources while preventing hackers, unwanted users, worms, viruses or other malicious programs trying to gain access to the protected network . Additionally, to limit access to a protected computer and network, a firewall can log all traffic entering or leaving a network and manage remote access to a private network through authentication certificates and secure connections.

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Market drivers and trends

The increasing deployment of IoT in industries leads to network security threats such as IoT botnets. Botnets give hackers access to devices that connect to the IoT. For example, in 2016, leaked Mirai code created a horde of highly efficient bots, leading to a series of DDoS attacks. The development of such bots puts immense pressure on technology companies to implement network security measures. Such implementations are positively influencing the Network Security Firewall market across the globe.

Secondly, the SMS landscape is rapidly changing, where SMS Firewall has captured a prominent position in establishing good A2P SMS monetization strategies and equipping them with network scanning and protection skills. Over time, demand for SMS security firewalls has spawned diverse vendors, providing mobile operators with a variety of value propositions and vendors to choose solutions from. As SMS prevails as a critical driver for revenue generation, operators around the world are focusing on technological changes to address threats such as spam/spoofing and fraudulent activity. Hence, rising security and privacy concerns among industry players are expected to drive the demand for SMS firewall and contribute to the network security firewall market.

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Market constraints and challenges

The growing number of IoT and cloud computing deployment types have increased the organization’s vulnerability to cyberattacks, leading to difficulties in identifying malicious activities. Thus, industries across the globe have increased the demand for skilled labor to mitigate and protect organizations from cyber threats.

Advanced network security requires advanced skills on the job, and it becomes difficult, if not impossible, for companies to hire additional staff. The shortage of qualified manpower also affects the budgets of the organization, which grow impeccably but do not allow to maintain the ecosystem of cybersecurity. This factor has created an alarming situation among the organizations, due to which various leading companies are training their employees with advanced skills.

Global Network Security Firewall Market by Deployment Type

Based on the type of deployment, it is divided into on-premises and cloud-based. The cloud-based segment is expected to hold the major share of the market. Over the years, the demand for cloud based systems is expected to increase significantly due to the cloud based network security firewall software offering improved flexibility, scalability and security to its users. Additionally, it allows end users to receive automatic software updates without additional capital expenditure, thus improving the competitiveness of the technology. Due to these factors mentioned above, cloud-based network security firewall software is expected to receive major market attraction, which will result in major growth rate.

Key Players of the Global Network Security Firewall Market

Key players studied in the global network security firewall market are Adaptive Mobile Security Limited (Ireland), AMD Telecom SA (Greece), ANAM Technologies (Ireland), Cellusys Limited (Ireland), Cisco Systems, Inc. (States United States), Mobileum (United States), Omobio (Sri Lanka), Openmind Networks Ltd (Ireland), SAP SE (Germany) and Sinch (Sweden).

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Reasons to Buy Network Security Firewall Market Report:

• Develop a comprehensive understanding of the market landscape – industry structure, value chain, key players, trends, drivers and challenges
• Drive revenue and market entry strategy by gaining insights into the most important and fastest growing segments and geographies
• Formulate sales and marketing strategies by gaining an understanding of competitors, their positioning and their strengths and weaknesses
• Develop business and M&A strategies by understanding the latest trends and emerging market players
• Refine your business plans by understanding the impact of disruptions such as Covid-19 and the Russian-Ukrainian conflict on the market

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research company headquartered in Delaware, USA. We are committed to providing our clients with the highest quality data, analysis and tools to meet all of their market research needs. With GIS, you can be assured of quality deliverables, a robust and transparent research methodology, and superior service.

This press release was published on openPR.

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