DUBLIN--(BUSINESS WIRE)--The "Global Network Security Firewall Market (2021-2027) by Component, Solution Type, Signalling Firewall, SMS Firewall, Service, Deployment, Organization Size, Type, Industry Vertical, and Geography, Competitive Analysis, Impact of Covid-19, Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Network Security Firewall Market is estimated to be USD 4.37 Bn in 2021 and is expected to reach USD 10.06 Bn by 2027, growing at a CAGR of 14.9%.
Key factors such as the rising number of cyber-attacks among different industry sectors have compelled the organizations to adopt a robust security solution to prevent and safeguard the organizational data. This has led to a rise in the demand for several network security solutions, such as network security firewall solutions and related security solutions. The increase in the global penetration rate of connected devices such as handheld devices and other smart devices has made faster access to information. It has made sensitive data vulnerable to malicious attackers. Therefore, organizations are willing to invest in network firewall solutions that have benefitted in augmenting the market growth. Other factors such as increasing demand for Next-gen networking solutions and the advancements in digital transformation are further promoting the development of the market.
The Global Network Security Firewall Market is segmented based on Component, Solution Type, Signalling Firewall, SMS Firewall, Service, Deployment, Organization Size, Type, Industry Vertical, and Geography.
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Network Security Firewall Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
- The report also contains the competitive analysis using Positioning Quadrants, Infogence's Proprietary competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Market Dynamics
Drivers
- Increasing Importance of Network Security and Privacy across Organizations
- High Penetration of Connected Devices
- Implementation of Next-Generation Networking Technologies
- Advancement of Digital Transformation in the Telecommunications Industry
Restraints
- Lack of Preventive Firewall Maintenance
- Budget Constraints
- Absence of Basic Network Firewall Restoration
Opportunities
- Growth in Investment to Improve the Network Security Measures
- Growing Demand for SMS firewalls
- Increasing Adoption of Network Function Virtualization
- Increasing Government Regulations
Challenges
- Growing Grey Route Fraudulent Mechanism
Companies Mentioned
- SAP SE
- Cisco System Inc
- Mobelium Inc.
- Adaptive Mobile Security
- AMD Telecom SA
- ANAM Technologies
- Fortinet, Inc
- Check Point Software Technologies Ltd
- Sophos Ltd
- Juniper Networks, Inc
- Cellusys
- Openmind Networks
- BICS SA
For more information about this report visit https://www.researchandmarkets.com/r/uaxg7b
