Network Security Firewall Market Is Booming Worldwide | Symsoft, Anam Technologies, Cellusys, SAP SE, Tata Communications Limited, Adaptive Mobile and Others.
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The Global Network Security Firewall Market size is expected to grow from US$ 3.0 Billion in 2018 to US$ 5.3 Billion by 2023, at a CAGR of 12.2% during the forecast period. Due to the growing momentum of interconnected devices, the risk of security breach increased as the fraudsters found alternatives such as SMS SPAMs and SMS fraud through grey routes to exploit personal information over the organization’s network.
“The Signaling firewall segment to grow at the highest CAGR during the forecast period”
Based on the Network Vulnerabilities, signaling firewall is further segmented into SS7, diameter firewall, and others. SS7 firewall helps telecom service providers to detect and protect against the SS7 vulnerabilities, such as user location tracking, fraud, denial of service (DoS), or even call interception. Diameter firewall helps mobile network operators to prevent their LTE network against malicious attacks and illicit messages. This firewall monitor and filters the IP packets received over the LTE networks from other LTE or GSM networks and protect the operators against the anomalous data packets received from the unauthorized networks.
“Services segment to register the highest CAGR in the network security firewall market during the forecast period”
Deployment and Integration, consulting, and support and maintenance services play a vital role in the telecom ecosystem. Services are considered a key component of the network security firewall market, as they focus on the protection of telecom networks from fraudulent attacks and are instrumental in fulfilling the custom requirements of clients. Based on services, the network security firewall market is split into professional and managed services. Professional services offer tailored solutions to meet the telecom operators’ networking needs, such as network architecture, on-premises, and cloud migration solutions.
“North America to hold the largest market size, and MEA to grow at a significant rate during the forecast period”
North America is expected to hold the largest market size in the network security firewall market during the forecast period, owing to the new look US telecom regulatory body Federal Communications Commission (FCC). They are less stringent as compared to old administration, by rolling back several stringent regulations of the previous regime. They benefited most of the telecom operators to choose and implement new services and solution.
Breakdown of primary participants’ profile:
• By Company: Tier 1 – 35 %, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C-Level – 35%, Director Level – 25%, and Others – 40%
• By Region: North America – 45%, Europe – 20%, APAC – 30%, RoW – 5%
The Main objective of the report is to define, describe, and forecast the network security firewall market size on the basis of components (solutions and services), deployment types, and regions. The report provides detailed information on the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market. The report attempts to forecast the market size with respect to the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles the key market players and comprehensively analyzes their core competencies.
Most Popular Companies in the Network Security Firewall Market include are Symsoft, Anam Technologies, Cellusys, SAP SE, Tata Communications Limited, Adaptive Mobile, AMD Telecom S.A., Evolved Intelligence, Hewlett Packard Enterprise, Mobileum, Omobio Pvt. Ltd., Openmind Networks.
Target Audience for Network Security Firewall Market: Network solution providers, Communication service providers, Cloud service providers, System integrators, Third-party software testing service providers, Managed Security Service Providers (MSSPs), Application design and software developers, Consultancy firms and advisory firms, Regulatory agencies, Technology consultants, Government.
Competitive Landscape of Network Security Firewall Market:
1 Competitive Landscape Overview
2 Competitive Leadership Mapping (Overall Market)
2.1 Visionary Leaders
2.2 Dynamic Differentiators
2.4 Emerging Companies
3 Competitive Leadership Mapping (Startups)
3.3 Dynamic Companies
3.4 Starting Blocks
4 Ranking of Key Players
5 Competitive Scenario
5.1 New Product/Service Launches and Product Enhancements
5.2 Partnerships, Collaborations, and Agreements
5.3 Mergers and Acquisitions
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