Network Security Firewall Market by Type (Unified Threat Management, Next-generation Firewall), Component (Solution, Services), Deployment (On-premise, Cloud) Industry Size (SME, Large Enterprises), and Geography- Global Forecast to 2025
The global Network security firewall market is expected to grow at a CAGR of 13.1% from 2019 to 2025 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. The firewall can be implemented in either hardware or software form or a combination of both. Succeeding wide-ranging primary and secondary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, opportunities, and challenges. The growth of the network security firewall market is driven by several factors, such as increased demand for network security & privacy, advancement of digital transformation in the telecommunication industry, real-time streaming analysis, and administrative regulations encouraging demand for network security firewalls. However, lack of preventive firewall maintenance infrastructure, and poor hardware and system compatibility are few of the major factors hindering the market growth.
The global network security firewall market is expected to register a steady growth during the forecast period. Advancements of digital transformation in the telecommunication industry provides significant growth opportunities for network security firewall market. With the growing implementation of digital transformation strategy, all products, services, and systems are needed to be developed, without compromising on security. It is essential that the system is constantly tracked for vulnerabilities and should have protection that restricts access.
The rapid use of web applications, rapid adoption of cloud technologies, and the increasing demand for security services to mitigate the risk of cyberattacks are also driving the growth of the network security firewall market. In order to protect the data & information from security breaches and cyber-attacks, the implementation of network security firewalls is growing across various end-use enterprises; consequently, driving the growth of the overall network security firewalls market.
The network security firewall solutions segment commanded the largest share of the market in 2019. This is mainly due to the continuous development in security practices by telecom service providers to detect and protect themselves and customers against the SS7 vulnerabilities, such as fraud, user location tracking, and Denial of Service (DoS). The demand for messaging firewall solutions has been witnessing strong growth across the telecom industry as different end-user sectors including government, healthcare, e-commerce, and BFSI are adopting A2P and P2A messaging firewall for secure communication channel on a considerable scale.
An in-depth analysis of the geographical scenario of the market provides detailed qualitative and quantitative insights about the five regions which include North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. North America commanded the largest share of the global network security firewall market in 2019, followed by Europe and Asia-Pacific regions. The large share of this region is mainly attributed to its huge investments in data security owing to the significant rise in cyber-attacks. North America is anticipated to capture the largest share of the network security firewalls market in terms of revenue over the coming years as well, owing to rapid advancements in mobile security technologies in this region.
Key players operating in the global network security firewall market are 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.), and Checkpoint Software Technology Ltd. (U.S.) among others.
Scope of the Report:
Network Security Firewall Market, by Type
- Unified Threat Management
- Next-Generation Firewall
Network Security Firewall Market, by Component
- Signaling Firewall
- SS7 Firewall
- Diameter Firewall
- SMS Firewal
- A2P Messaging
- P2A Messaging
- Professional Services
- Managed Services
Network Security Firewall Market, by deployment
Network Security Firewall Market, by Industry Size
- Small and Medium Enterprises
- Large Enterprises
Network Security Firewall Market, by Geography
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
- Latin America
- The Middle East and Africa