Network Security Firewall Market is expected to reach US$ 10,531.1 million in 2027

by Sameer Joshi or 10-May-2019

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The Network Security Firewall market is experiencing high growth in the forecast period. The growth of the market for Network Security Firewall solutions is highly influenced by the substantial growth in SMS Firewall across the globe. the SMS prevails to be a critical factor for revenue generation, the operators across the globe are expected to concentrate their focus on technological modifications in order to deal with threats like spams/spoofs and fraudulent activities. Therefore, the rising security and privacy concerns among the industry players is expected to drive the demand for SMS firewall, subsequently contributing to the network security firewall market. Geographically, North America contributed the maximum market share in 2018 in the Network Security Firewall market, owing to the Majority of the large enterprises and other industries in North America are already working towards implementing security solutions to protect critical data and infrastructures from unauthorized access. Moreover, the the Government of Canada launched the Canadian Centre for Cyber Security. This Centre will be the central trusted government source of information, guidance and advice for country’s enterprises, critical infrastructure operators and owners, and citizens. The experts of the Centre will cooperate with industry and academic partners to handle the threatening cyber security challenges the country is facing.

The Network Security Firewall market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. The APAC region is expected to be the fastest growing region in the coming years,cybercrime in Asia Pacific in past few years has grown to be a greater risk as compared to other leading regions. This is majorly because of rapidly increasing connectivity and rushing pace of digital transformation in the region, resulting into sharpening concern for technological threats among the businesses. Cyber-attack accounts among the top 5 technological threats for business operations risk in APAC. The rising threat of cybercrime in APAC region is also majorly because of the lack of transparency resulting into feeble cyber enforcements and regulations by the government authorities. Relatively lower awareness and investments in the cyber industry also contributes to the factors hindering the network security firewall market in APAC.  Whereas, Europe followed by MEA and APAC holds the highest market share in the Network Security Firewall market. The Network Security Firewall market is expected to experience significant growth in the coming years due to the increase in the instances of spamming and fraudulent activities globally.

In APAC, the India is expected to be the fastest growing country. India is ranked among one of the least cyber-secure countries across the globe. In 2018, the country witnessed a series of cyber-attacks. However, despite of several cyber-attacks, a majority of companies in the country seem unprepared to handle such challenges. Owing to this the country’s cyber security landscape is observing an interesting phase as companies are intensely exploring innovative tools to safeguard themselves from cyber-attacks and threats. In the Middle East, Data as well as cyber security continue to be a persistent concern in the Middle East, with several companies struggling to recognize the threats and the way to protect them. With ample energy reserves, determined national government initiatives, and key organizations based in the region, it has always attracted abundant attention and therefore, the network security firewall market in the country is anticipated to boom in the frecast period.

The major players operating in the market for asset integrity management service market include Adaptive Mobile Security, AMD Telecom SA, ANAM Technologies, Cellusys, Cisco Systems, Inc., Mobelium Inc., Omobio Pvt. Ltd., Openmind Networks, SAP SE, and Symsoft among others.

The report segments the global Network Security Firewall market as follows:

Global Network Security Firewall Market — By Component

  • Solution
    • SMS Firewall
    • Signalling Firewall
  • Services

Global Network Security Firewall Market — By Deployment

  • On-Premises
  • Cloud

Global Network Security Firewall Market – By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South America
    • Argentina
    • Brazil
    • Rest of South America

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