Network Security Firewall Market - Latest Market Trends And Industry Forecasts to 2025
According to a new report published by Reports Monitor titled, “ Global Network Security Firewall Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global network security firewall market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Network security has come to be of great concern with increasing cyber threats and attacks. Network security firewall keeps attackers from getting access to file systems and safeguards system from threats such as denial of service (DOS) attacks, radio jamming, data interception and others.
The demand for firewalls has increased due to the need to track network traffic, minimize cyber threats and risks to the system and ensure privacy of data. To avoid illegal access and minimize risks network security firewall has been adopted in a variety of fields such as banking and insurance, education and administrative sectors. Moreover, the rising adoption of network security firewall by mobile network operators (MNO) and mobile virtual network operators (MVNO) and increasing enhancements in telecommunications are fuelling market growth. On the other hand, maintaining and configuring a firewall can be a challenging and tough task, affecting growth of the market. Also, packet filtering by firewall can reduce system performance, hampering growth.
The Global Network Security Firewall market research report provides key insights on the growth opportunities of this market based on regions, applications and upcoming technologies. It includes detailed analysis of the current market situations such as market size, upcoming developments and investments. Major advancements and key strategies of major companies such as mergers and acquisitions, value chain analysis and swot analysis have also been included in this report. The report has been composed by carrying out in-depth analysis of both primary and secondary data sources.
The global network security firewall market is bifurcated on the basis of solution and deployment type. In terms of solution, the market is segregated into signaling firewall and SMS firewall. The signaling firewall is further classified into diameter firewall and signaling system 7 (SS7). The SMS firewall is also further segmented into application-to-person (A2P), person-to-application (P2A) and person-to-person (P2P). On the basis of deployment type, the market is divided into cloud based, on-premise and others.
Factors such as the rising implementation of network security firewall in North America are influencing market growth. In April 2018, Pinnacle confirmed partnership with Bitrate to distribute the Hillstone Network E-series of firewall solutions to their clients. The regions analyzed for the network security firewall market are North America, Europe, Asia Pacific (APAC) and Latin America, Middle East and Africa (LAMEA).
The key players operating in this market are: Symsoft, Cellusys, Adaptive Mobile, Evolved Intelligence, Mobileum, Tata Communication, AMD Telecom, ANAM Technologies, Openmind Networks, SAP, and Hewlett-Packard Enterprises.
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