Network Security Firewall Market to have Substantial Growth with 13.1% of CAGR by 2027 - AMD Telecom SA, ANAM Technologies, Cellusys, Cisco Systems, Inc., Mobelium Inc., Omobio Pvt. Ltd., Openmind Networks, SAP SE

According to the new research report published by The Insight Partners, titled "Network Security Firewall - Global Analysis and Forecast to 2027", the global Network Security Firewall market is expected to reach US$ 10,531.1 million in 2027, registering a CAGR of 13.1% during the forecast period 2019-2027.

Network Security Firewall Market to 2027 - Global Analysis and Forecasts By Component (Solution (SMS Firewall (A2P SMS, P2A SMS), Signalling Firewall (SS7 Firewall, Diameter Firewall)), and Services); Deployment Mode (On-Premises, On-Cloud)

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In 2018, North America accounted for the largest share in the Network Security Firewall market. APAC region is expected to be the fastest growing region in the Network Security Firewall market. The demand for Network Security Firewall is anticipated to be robust, and will highly impact the communication between mobile operators and applications. This trend is particularly to be witnessed in China, which comprises of largest e-commerce market across the globe, accounting for over 40% of the value of global e-commerce transactions. The BFSI sector is highly developed, and the population prefers to use online payment modes. Such factors create a significant need to implement cyber security tools including, network security firewall.

GLOBAL NETWORK SECURITY FIREWALL MARKET SEGMENTATION

Global Network Security Firewall Market - By Component
• Solution
• SMS Firewall
• Signalling Firewall
• Services

Global Network Security Firewall Market - By Deployment
• On-Premises
• Cloud

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.

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