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CAGR +13.2% predicted for network security firewall market

Industrial Market Research

A firewall is a technology designed to generate enhanced security system in order to prevent unauthorized access. It also monitors outgoing as well as incoming network traffic and decides whether to allow or block specific traffic.

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Market Definition: 

Firewall can be considered as either hardware or software but ideally its configuration comprise of both. It has its wide application in IT, telecommunication market, and others.

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Increasing demand in network and privacy concerns may act as a major driver in the growth of network security firewall market. On the other hand lack of preventive firewall maintenance may hinder the market.

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Global Network Security Firewall Market accounted for USD 3.02 billion in 2016 growing at a CAGR of 13.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Segmentation: 

The global network security firewall market is segmented on the basis of component into solutions, and services.

On the basis of solution, global network security firewall market is further segmented into SMS firewall, and Signaling firewall. The SMS firewall is further sub segmented into A2P messaging, P2A messaging.

The signaling firewall segment is further sub segmented into SS7 firewall, and diameter firewall.

The global network security firewall market is also segmented on the basis of deployment model into cloud, on-premises, and network function virtualization.

On the basis of service, global network security firewall market is segmented into professional services, and managed services. The professional services segment is further sub segmented into deployment and integration, consulting services, and support and maintenance.

On the basis of geography, global network security firewall market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, North America is expected to dominate the market.

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Major Market Drivers & Restraints:

  • Increasing vulnerabilities in SS7
  • Companies regulations encouraging the demand for network security firewall
  • Increasing demand in network security and privacy concerns
  • Advancement of digital transformation in the telecommunications industry
  • Lack of preventive firewall maintenance

Network Security Firewall Market give a brief analysis of following points:

  • Market Overview
  • Market Dynamics
  • Drivers, Restraints, Opportunities and Challenges
  • Market sizing and growth analysis
  • Market forecasting to 2024
  • Market Competitive Landscape
  • Product Launches and Pipeline Analysis
  • Value Chain Analysis
  • Market Mergers, Acquisitions and Agreements
  • Company Profiles

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