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Explore global network security firewall market forecast 2017-2024

Explore global network security firewall market forecast 2017-2024

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.

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Network Security Firewall Market - Market Definition: 

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.

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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Network Security Firewall Market - Market Analysis: 

The 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.

Global Network Security Firewall Market, By Geography; Component (Solutions, Services); Deployment (Cloud, On-premises); Solution (SMS Firewall{A2P Messaging, P2A Messaging Signaling}, Signaling Firewall{SS7, Diameter}); Service (Professional Services{Deployment & Integration, Consulting Services, Support & Maintenance}, Managed Services) – Industry Trends and Forecast to 2024

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Network Security Firewall Market - Major Market Competitors: 

Some of the major players of the global network security firewall market are Adaptive Mobile, Amd Telecom S.A., Anam Technologies, Cellusys, Evolved Intelligence, Hewlett Packard Enterprise Development LP, Mobileum, Omobio, Openmind Networks, Sap SE, Symsoft, Tata Communications Ltd., and others.

Network Security Firewall Market - 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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Network Security Firewall Market - 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 - Company Share Analysis: 

The report for network security firewall market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.

The report also measures technology life line curve and market time line to analyze and do more affective investments.

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