|05-13-2019 12:27 PM CET - Media & Telecommunications||
Network Security Firewall Market to Grow at 13.1% CAGR to 2027 to Attain 10,531.1 Million Dollars Blistering Growth
Press release from: The Insight Partners
PR Agency: The Insight Partners
The global Network Security Firewall market is accounted to US$ 3,525.0 Mn in 2018 and is expected to grow at a CAGR of 13.1% during the forecast period 2019 – 2027, to account to US$ 10,531.1 Mn by 2027.
Network Security Firewall Market Strategic Insights:
New market initiatives was observed as the most adopted strategy in global Network Security Firewall market. Few of the recent market initiatives are listed below:
2018: Anam Technologies announced investments from Enterprise Ireland for the global expansion and innovation in analytics and anti-fraud security.
2018: Adaptive Mobile entered into an agreement with African operator group for enhancing its revenue opportunities by securing 10 more properties in their network.
2017: Openmind Networks secured contracts to with twenty Mobile Operators to deploy its completely NFV-compliant mobile messaging platform across Europe, Africa and Asia.
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Asia-Pacific is anticipated to be the fastest growing region and North America is to be the highest revenue contributor throughout the forecast period in the Network Security Firewall market. The internet plays a critical business function in North America, US in particular. The growing numbers of cyber security threats have given rise to essential requirements for implementing security solutions for enterprises, different industries, as well as government. Due to the threat of losing data and the impact of potential cyber threats, the market is expected to foresee a noteworthy growth in the coming year. The increasing demand for security of critical data of the organization against hacking, spamming is boosting the businesses of the market players operating in the Network Security Firewall market.
Network Security Firewall Market Company Profiles:
• Adaptive Mobile Security
• AMD Telecom SA
• ANAM Technologies
• Cisco Systems
• Mobelium Inc.
• Omobio Pvt. Ltd.
• Openmind Networks
• SAP SE
Key Insights Covered:
• To provide detailed information regarding the major factors influencing the growth of the Network Security Firewall Market (drivers, restraints, opportunities, and challenges)
• To forecast the market size, in terms of value, with regard to 4 main regions - Asia Pacific (APAC), Europe, North America, and Rest of the World (ROW) - along with their respective countries
Network Security Firewall Market Insights:
Substantial growth in SMS Firewall demand would drive the market. The SMS landscape is transforming at a quick pace, where SMS firewall has captured a prominent position in terms of establishment of sufficient A2P SMS monetization strategy, and equipping them with network analysis and protection competences. The demand for SMS security firewall over the cast of time has spawned various providers, offering mobile operators a variety of value propositions and vendors to choose from. Continuous increasing demand of security among telecom operators and aggregators to avoid SMS spamming would ultimately help the Network Security Firewall market to prosper in the forecast period..
Emergence of network security threats and attacks. The coming years are anticipated to come up with higher sophistication of spiteful hacking. Majority of network security attacks and hacking is projected to become even more high profile, reinforcing the criticality of network security. Most recently there have been significant surge in emergence of network security threats that are persistently imposing a persistent pressure on the businesses to strengthen their network security game. Owing to this trend of burgeoning cyber threat the network managers across various industries are emphasizing on their security infrastructure and upgrading the plans in order to prepare themselves against evolving network threats including DDoS attacks, Network based Ransomeware, and insider threats among others.
This Research Report Examines:
• Company share by region and sector; Global and regional market positions; Category and country opportunities for growth
• New product developments; Strengths and weaknesses; Brand portfolio
• Marketing and distribution strategies; Challenges and threats from current competition and future prospects
Network Security Firewall Market Component Segment Insights:
The global Network Security Firewall Market by component is led by SMS Firewall Solution segment. This SMS Firewall solution is further sub-segment into A2P Firewall and P2A Firewall. These solutions are used to protect the mobile network from spamming and fraudulent activities.
Network Security Firewall Market Product Type Insights:
The Network Security Firewall market by deployment is segmented into on-premises and cloud. The on-premise software are highly secured, reliable, and enable the enterprises to maintain and continue with a high level of control which the cloud often cannot. Also, the on-premise software is installed in the server and firewall of enterprises which is offered for a long term period and continue to effectively serve the business requirements, which is further enhancing the network security firewall market in the forecast period.
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GLOBAL NETWORK SECURITY FIREWALL MARKET SEGMENTATION
Global Network Security Firewall Market - By Component
• SMS Firewall
• Signalling Firewall
Global Network Security Firewall Market - By Deployment
Global Network Security Firewall Market – By Geography
• North America
o Rest of Europe
• Asia Pacific (APAC)
o South Korea
o Rest of Asia Pacific
• Middle East and Africa
o South Africa
o Saudi Arabia
o Rest of Middle East and Africa
• South America
o Rest of South America
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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