Lewes, Delaware, May 03, 2024 (GLOBE NEWSWIRE) -- The Global Network Security Firewall Market is projected to grow at a CAGR of 13.30% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 4.52 Billion in 2024 and is expected to reach USD 12.28 Billion by the end of the forecast period.
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Browse in-depth TOC on “Global Network Security Firewall Market”
202 - Pages
126 – Tables
37 – Figures
Scope Of The Report
| REPORT ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2021-2031 |
| GROWTH RATE | CAGR of 13.30 % from 2024 to 2031 |
| BASE YEAR FOR VALUATION | 2024 |
| HISTORICAL PERIOD | 2021-2023 |
| FORECAST PERIOD | 2024-2031 |
| QUANTITATIVE UNITS | Value in USD Billion |
| REPORT COVERAGE | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| SEGMENTS COVERED |
|
| REGIONS COVERED |
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| KEY PLAYERS | Symsoft, Anam Technologies, Cellusys, SAP SE, Tata Communications Limited, Adaptive Mobile, AMD Telecom S.A. |
| CUSTOMIZATION | Report customization along with purchase available upon request |
Network Security Firewall Market Overview
Rapidly Evolving Cyber Threat Landscape: Advanced firewall solutions are necessary in the Network Security Firewall Market because of the ever-changing nature of cyber threats. Given the increasing complexity of cyberattacks, organisations require strong security measures to protect their sensitive data and operations. Ensure unmatched protection for customers by providing cutting-edge firewall solutions that dynamically adjust to emerging risks, allowing you to stay ahead of the curve.
Stringent Regulatory Compliance Requirements: The demand for comprehensive network security solutions in the Network Security Firewall Market is driven by increasing regulatory regulations regarding data protection and privacy. Organisations in different sectors are required to follow tight compliance standards, which has led to the increased use of sophisticated firewalls to reduce risks and assure compliance with regulations. Present your products as compliant and dependable solutions to meet the compliance-focused requirements of organisations, enhancing sales prospects.
Escalating Instances of Insider Threats: The increasing occurrence of insider threats presents substantial obstacles to organisational cybersecurity, leading to a growing need for strong firewall solutions in the Network Security Firewall Market. To properly manage network access, it is necessary to take proactive efforts to monitor and restrict it, due to the risks posed by both malicious insiders and unintentional breaches caused by employees. Offer state-of-the-art firewall technology with powerful threat detection capabilities to identify and counteract insider threats, enabling businesses to strengthen their defences against internal weaknesses and unauthorised entry.
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Budgetary Constraints Amid Economic Uncertainty: The expansion of the Network Security Firewall Market is hindered by economic changes and financial restrictions. Organisations may give higher importance to reducing costs, which can result in delaying investments in cybersecurity equipment. Present your products as affordable yet valuable solutions, highlighting the lasting advantages of investing in strong firewall technology to reduce security threats and minimise potential financial losses. This will address budget worries and boost sales.
Complexity in Integration with Existing IT Infrastructure: The intricate nature of incorporating firewall solutions into pre-existing IT infrastructures poses a hindrance to the acceptance of these solutions in the Network Security Firewall Market. Businesses frequently encounter difficulties when trying to integrate with various network architectures and applications, which can impede the deployment process and prevent the achievement of desired security results. We provide firewall solutions that can be customised and integrated easily into various IT systems. This allows for smooth deployment and integration, efficiently addressing complicated issues and improving market reach.
Talent Shortage in Cybersecurity Expertise: The limited availability of proficient cybersecurity experts presents a substantial obstacle to the Network Security Firewall Market. Organisations face difficulties in locating competent staff who can proficiently manage and enhance firewall systems, so restricting their capacity to fully use the capabilities of cybersecurity technologies. Deliver extensive training programmes and support services to enable businesses to optimise the performance of their firewall systems, address skill deficiencies, and enhance the value of their offerings to boost sales and market expansion.
Geographic Dominance:
The geographical dominance in the Network Security Firewall Market is determined by factors such as legislative frameworks, technological infrastructure, and cybersecurity awareness. Regions that have strict compliance rules, advanced IT ecosystems, and a strong focus on cybersecurity tend to take the lead in pushing innovation and adopting state-of-the-art firewall solutions to protect important assets and networks.
Network Security Firewall Market Key Players Shaping the Future
Major players, including Symsoft, Anam Technologies, Cellusys, SAP SE, Tata Communications Limited, Adaptive Mobile, AMD Telecom S.A. and more, play a pivotal role in shaping the future of the Network Security Firewall Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.
Network Security Firewall Market Segment Analysis
Based on the research, Verified Market Research® has segmented the global Network Security Firewall Market into Component, Solution, Services, Deployment, And Geography.
- Network Security Firewall Market, by Component:
- Solution
- Signaling Firewall
- SMS Firewall
- Services
- Professional Services
- Managed Services
- Network Security Firewall Market, by Deployment:
- On-Premises
- Cloud
- Network Function Virtualization
- Network Security Firewall Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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Top 10 Network Security Firewall Companies: Purple cows of IT industry
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