Market Definition
The network security firewall is configured so that any data entering or exiting the network must pass through it. Network security firewall accomplishes this by examining individual incoming messages and rejecting those that fail to meet the defined security criteria. When properly configured, a firewall allows users to access any needed resources while keeping out hackers, unwanted users, worms, viruses, or other malicious programs trying to access the protected network. Additionally, to limit access to a protected computer & network, a firewall can log all traffic coming into or leaving a network & manage remote access to a private network through secure authentication certificates and logins.
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Market outlook
The global network security firewall market was valued at US$ 38.9 billion in 2021 and it is anticipated to grow up to US$ 101.3 billion by 2031, at a CAGR of 9.8% during the forecast period.
The increasing deployment of IoT in industries results in network security threats like the IoT Botnets. The botnets enable hackers to get access to devices that plug into IoT. For instance, in 2016, the leaked Mirai code had created a highly effective horde of bots resulting in an array of DDoS attacks. The development of such bots puts immense pressure on technology companies to implement network security measures. Such implementations are positively influencing the network security firewall market across the world.
Secondly, the SMS landscape is transforming quickly, where SMS firewall has captured a prominent position in establishing good A2P SMS monetization strategies and equipping them with network analysis and protection competencies. Over time, the demand for SMS security firewalls has spawned various providers, offering mobile operators a variety of value propositions and vendors to choose solutions. As SMS prevails to be a critical factor for revenue generation, operators worldwide focus on technological modifications to deal with threats like spam/spoofs and fraudulent activities. Therefore, the rising security and privacy concerns among the industry players are expected to drive the demand for SMS firewalls and contribute to the network security firewall market.
The increasing count of IoT Deployment Types and cloud computing has increased the organization’s vulnerability to cyber-attack, leading to difficulties in identifying malicious activities. Thus, industries worldwide have raised the demand for a skilled workforce to mitigate and protect organizations against cyber threats.
Advanced network security demands advanced skills at work, and it becomes difficult or almost impossible for companies to hire additional staff. The shortage of skilled workforce is also affecting the organization’s budgets, which are growing impeccably but unable to maintain the cyber security ecosystem. This factor has created an alarming situation among the organizations, owing to which various leading enterprises are training their employees with advanced skills.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Global Network Security Firewall Market Segmental Overview
The report analyses the global network security firewall market based on component, deployment type, and region.
Global Network Security Firewall Market by Component
Based on component, it is bifurcated into solution and services. The solution segment is likely to dominate the market during the forecast period. This is attributed to increased deployment of SMS (short message service) firewalls for network security, anti-spam & fraud prevention, and increased adoption of A2P (Deployment Type-to-person messaging) messaging for monetization purposes. Mobile network operators can secure their networks and generate revenues from legitimate A2P use cases by deploying next-generation firewalls. Thus, numerous benefits of the solution segment boost the market’s growth.
Global Network Security Firewall Market by Deployment Type
Based on deployment type, it is bifurcated into on-premise and cloud-based. The cloud-based segment is likely to hold the major share of the market. Over the years, the demand for cloud-based systems is expected to grow substantially due to the cloud-based network security firewall software offering enhanced flexibility, scalability, and security to its users. Further, it allows the end users to receive automatic software updates without additional capital expenditures, improving technology competitiveness. Due to these factors mentioned above, the cloud-based network security firewall software is expected to receive the main market attraction resulting in a principle growth rate.
Geographical Analysis of Global Network Security Firewall Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share during the forecast period. The surging numbers of cyber threats have given rise to essential requirements for implementing network security firewall solutions for enterprises, multiple industries, and governments. Due to the threat of losing data and the impact of potential cyber threats, the network security firewall market is expected to foresee considerable growth in the coming year. Most large enterprises and other industries in North America are already working towards implementing security solutions to protect critical data and infrastructures from unauthorized access. This, in turn, boosts the demand for network security firewall in the North America region.
Major Players in the Global Network Security Firewall Market
The key players studied in the global network security firewall market are Adaptive Mobile Security Limited (Ireland), AMD Telecom S.A. (Greece), ANAM Technologies (Ireland), Cellusys Limited (Ireland), Cisco Systems, Inc. (US), Mobileum (US), Omobio (Sri Lanka), Openmind Networks Ltd (Ireland), SAP SE (Germany), and Sinch (Sweden).
Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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