Global Network Security Firewall Market: Lack of a Unified IT Provider to Solve all of the Security Needs Presenting a Valuable Growth Potential

Global Network Security Firewall Market

Network security firewall is a security technology that is responsible for monitoring of all network-related traffic, with the capability of blocking any traffic access based on their demands which it validates from a pre-defined list of rules. Firewalls are the first and foremost security solution in any networking enterprise responsible for prohibiting any unauthorized access.

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Network security firewall market is growing due to increased network security and privacy, implementation of next-generation networking techniques; the effects of these factors are mentioned below:

  • Increased network security and privacy: Demands for network security firewall is being driven by the fact that the requirement for network security solutions and privacy demands is rising due to the fact that a majority of the enterprises and organizations want to protect their data from being hacked into. These organizations are also demanding better protection from the wide-range of sophisticated attacks currently flooding the cyber-environment
  • Implementation of next-generation networking techniques: Another valuable factor behind the healthy growth rate of network security firewall is the implementation of various IT providers focusing on the implementation of next-generation security solutions. The upgradation of technology giving rise to the availability of better networking operations and working in an enterprise will result in higher growth rate for these services

Strategic acquisitions carried out by major market players:

  • In September 2019, Palo Alto Networks, Inc. announced that they had agreed to acquire Zingbox for USD 75 million, with the acquisition expected to close by first fiscal quarter of 2020. The combined technologies and capabilities of both the companies will extend the delivery of Palo Alto Networks’ security solutions to the different enterprises and organizations
  • In October 2018, Palo Alto Networks, Inc. announced that they had completed the acquisition of RedLock Inc., thereby expanding the capabilities of the company for cloud-based security. The combined technologies will be able to offer the consumers with a unified solution for effectively securing the cloud infrastructure and reducing the incidences of any sophisticated attacks. Palo Alto Networks, Inc. hopes to provide consumers with a single security offering consisting of both the company’s capabilities and offering cloud security analytics, continuous security, compliance monitoring and advanced threat detection

The market is segmented on the basis of component as solutions, services; solution is categorized into SMS firewall, A2P messaging, P2A messaging, signaling firewall, SS7 firewall, diameter firewall, others; service as professional service, deployment & integration, consulting services, support & maintenance, managed services; type as packet filtering, state full packet inspection, next generation firewall, unified threat management; deployment as on-premises, cloud, network function virtualization.

“According to Data Bridge Market Research, global network security firewall market is expected to be growing with a healthy CAGR of 13.10% during the forecast period of 2019 to 2026”

Some of the major players operating in market are Symsoft, ANAM Technologies,  Cellusys, SAP SE, AdaptiveMobile Security, Evolved Intelligence, Hewlett Packard Enterprise Development LP, Mobileum Inc., Omobio,  Open Mind Services Limited.,  Tata Communications., Fortinet, Inc, Check Point Software Technologies Ltd., WatchGuard Technologies, Inc, Sophos Ltd., Juniper Networks, Inc., SonicWall.,  Barracuda Networks, Inc., Endian SRL among others.

With the requirement of better security and firewall infrastructures at an all-time high, due to the rapid rise in the sophistication and volume of cyber-attacks; the demand for having effective security solutions and infrastructure is in great demands. This is also due to the fact the volume of devices and IoT-based products are in significant rise, and therefore the vulnerability for these devices to suffer from cyber-attacks needs to be remedied by adopting better quality of firewall. The market players dealing in network security firewall are being presented with a highly valuable opportunity as the availability of an IT vendor in various regions of the world who can provide unified security services is very limited, therefore the major players can establish better service offerings in the different geographical regions.