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:
Strategic acquisitions carried out by major market players:
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.
Global Network Security Firewall Market - Industry Trends and Forecast to 2026