Global Network Security firewall Market is anticipated to exceed USD 9,362 million by 2030 from USD 3,741 million in 2019 at a CAGR of 14.01%

Network Security Firewall Market to surge at 14.01% CAGR, increased need for network security and privacy expected to boost the market growth, says Industry and Research

Industry and Research has released a report labeled “Network Security Firewall Market – Analysis of Market Size, Share & Trends for 2016-2019 and Forecasts to 2030” which is anticipated to reach USD 9,362 million by 2030. According to a study by Industry and Research, the market is estimated to portray a CAGR of 14.01% during the forecast period i.e. 2020-2030. As per the report, increased need for network security and privacy is likely to drive the market for network security firewall in the coming years.


The innovative technology is rising at a fast speed due to the gush in the demand from a widespread variety of segments. The emerging cyber-attacks have substantially raised, and companies are making substantial spending in cyber security solutions. The rising susceptibilities, innovations in digital transformation, and others are making a momentous influence on the network security firewall market. Companies are making substantial spending for vibrant network structure, which is a major aspect pushing the network security firewall market.

The market report on global network security firewall market comprises of the following in-depth analysis:


• The estimated value of the market in 2019 was USD 3,741 million.
• Based on component, the solution segment emerged out as a key segment in the network security firewall market across the globe.
• On the basis of solution type, the SMS firewall segment was the leading segment of the market across the globe.
• Based on service type, the professional services segment came out to be the key segment in the market.
• Region-wise, the market in Asia Pacific emerged as the leading segment in the market for network security firewall.
• Key players are likely to focus on product innovations and expansion through merger to retain their positions in developed markets.

“Raised number of users of the internet has resulted in the progress of huge information produced from each user’s account. With the use of supplementary technologies like Artificial Intelligence (AI), big data, Machine Learning (ML), cloud computing, and IoT, the fresh information obtained from these individual users can be used for further business or research purpose”, said a lead analyst at Industry and Research.

The network security firewall is a security network that is designed for the avoidance of illegal access to personal data on a system. The firewall can be operated as a software as well as hardware and can separate a particular system and its information from an external program to maintain that particular network’s information private. There are a variety of benefits that originates with the operation of a firewall in a network, particularly the easy setting up and the elevated speediness. Adopting a firewall for a system is also much cost-efficient than to have to safeguard every computer separately.


The global network security firewall market is segmented by component into solution and services. Among these, the solution segment emerged as the key segment, holding a market share of xx% in 2019. On the basis of solution type, the market for network security firewall is divided into SMS firewall, A2P messaging, P2A messaging, signaling firewall, SS7 firewall, diameter firewall and others. Among these, the SMS firewall segment was observed to be the leading segment, holding xx% of the total market share in 2019. Based on service type, the market is divided into professional services and managed services. Among these, the professional services emerged as the key segment of the market, holding xx% of the total market share in the year 2019. Region-wise, the market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. Among these, the market in North America is witnessed to be the key segment of the global network security firewall market, acquiring XX% of the total market share in 2019.

Key Players in the Market :


Some of the key players in global network security firewall market are Telecom Italia Sparkle, AMD Telecom, Checkpoint Software, Tata Communication, Global Wavelet, Enghouse Network, Route Mobile, Openmind Networks, SAP and Juniper Networks.
 
Get Valuable Insights into Network Security Firewall Market :


In the new report, Industry and Research thrives to present an unbiased analysis of the global network security firewall market that covers the historical demand data as well as forecast figures for the period i.e. 2020-2030. The study includes compelling insights into growth that is witnessed in the market. The global network security firewall market is segmented by product type into unified threat management and next-generation firewall. The market is segregated on the basis of component into solution and services. The market for network security firewall is divided by solution type into SMS firewall, A2P messaging, P2A messaging, signaling firewall, SS7 firewall, diameter firewall and others. On the basis of service type, the market is divided into professional services and managed services. Based on industry size, the market for network security firewall is segmented into large enterprises and small & medium enterprises. On the basis of deployment mode, the global network security firewall market is segmented into on-premises, cloud and network function virtualization. Region-wise, the market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific.

About Industry and Research


Industry and Research is a leading management consulting, advisory and market research organization that serves its clients globally by its team of experts and industry veterans that have years of expertise for management consulting, advisory and market research analysis. The organization functions across business consulting, strategy consulting, market research, operations consulting, financial advisory, human resources, risk & compliance, environmental consulting, software consulting and sales consulting amongst others, and aim to aid businesses with bold decisions that help them embrace change for their sustainable growth.

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