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Network Security Firewall Market (Component - Solution, and Services; Deployment - On-premise, and Cloud; End-user Type - Small and Medium Enterprise, and Large Enterprise; Vertical - BFSI, Transportation and Logistics, Healthcare, Education, Telecommunication and IT, Government, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : August, 2020

  • Rep Id : ICT1455

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on network security firewall market provides an in-depth analysis of segments and sub-segments in the global as well as regional network security firewall market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional network security firewall market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global network security firewall market. According to the report, the global network security firewall market is projected to grow at a CAGR of 20.2% over the forecast period of 2020-2026.

 

Market Insight

Firewalls are the first line of defense in network security. They establish a barrier between secured and controlled internal networks that can be trusted and untrusted outside networks, such as the Internet. The coronavirus outbreak is currently making a big impact in every vertical across the globe. During these times cybersecurity is of even more importance, as the environment is just right for cybercriminals to strike. The growth in an attack on corporate emails, with attackers posing as legitimate agencies, or opening malicious email attachments, that eventually have a positive impact on network firewalls and email security. A network security firewall is a security system that analyzing income and outgoing network traffic and permits or blocks data packets based on a set of security rules. Further, The coronavirus pandemic forcing the government to impose a lockdown to help curb the spread of the virus. Amidst the COVID-19 pandemic crisis, companies are inclined towards various concepts such as bring your own device (BYOD) and work from home (WFH) to adapt their work cultures, which will bring positive prospects for the growth of the market.               

 

The increasing importance of network security and privacy across various organizations is one of the major factors that drives the growth of the network security firewall market during the forecast period. Additionally, due to the growth in cyber-attacks, organizations are making significant investments in cybersecurity solutions. That, in, turn, is also augmenting the market demand. Besides this, increasing fraudulent acts on enterprises, growing importance for the identification of transfer of sensitive information, Advancement of digital transformation are supporting factors boosting the network security firewall market. On the other side, budgetary constraints are expected to have a negative impact on the growth of the market. The growth in investment to improve the network security measures across the globe will create greater growth opportunities for network security firewalls.

 

Among the geographies, the global network firewall market in North America is anticipated to dominate the market, due to an increase in the importance of network security coupled with a high adoption rate of network security solutions. Additionally, the presence of top players in this region is another major factor in gaining market revenue over the forecast period. The increasing inclination towards developing the new cybersecurity culture in the European region is expected to gain traction in the market. For instance, In March 2019, a new EU “Cybersecurity Act” was approved by the European Parliament (MEPs). This act boosting the cybersecurity of digital products and services in Europe. The Asia Pacific is accounted to be the fastest-growing region in the network security firewall market in the forecast period due to the increasing internet attacks and adoption of advanced technologies developing countries. Additionally, According to the Global Cybersecurity Index (GCI) released by the International Telecommunication Union (ITU), Singapore, and Malaysia are among the top five countries globally which have shown a commitment to building cybersecurity policies to the protection of cybercrimes.

 

Segment Covered

The report on the global network security firewall market covers segments such as component, deployment, end-user type, and vertical. On the basis of component, the sub-markets include solution, and services. On the basis of deployment, the sub-markets include on-premise, and cloud. On the basis of end-user type, the sub-markets include small and medium enterprise, and large enterprise. On the basis of vertical, the sub-markets include BFSI, transportation and logistics, healthcare, education, telecommunication and IT, government, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Juniper Networks, Inc., Fortinet, Mobileum Inc, Hewlett Packard Enterprise, AdaptiveMobile Ltd, SAP SE, Cellusys, Anam Technologies, and Symsoft.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of network security firewall market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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