Network Security Firewall Market 2024 Emerging Industry Trends and Dynamics with Prominent Players Profiled | Sinch, Cellusys , Adaptive Mobile

The solution segment led the global network security firewall market share and is anticipated to continue its leadership in the coming years. Concerns regarding network security and privacy have resulted in a growing number of threats. This, along with a limited number of fire protection providers available, has increased the need for network security, thus enhancing the expansion of the worldwide network security firewall market. Additionally, the rising adoption of IoT and cloud computing is anticipated to create lucrative opportunities for the growth of the global network security firewall market throughout the forecast period.

A network firewall can be set up to ensure that all data coming into or going out of the network must go through it. It achieves this by analyzing every incoming message and discarding those that do not satisfy the established security standards. When set up correctly, a firewall enables users to utilize any necessary resources while actively blocking unwanted users, hackers, viruses, worms, and other harmful programs attempting to enter the secured network. Firewalls can exist as either hardware or software. Besides restricting access to a secure computer and network, a firewall can record all traffic entering or exiting a network and control remote access to a private network via secure authentication certificates and logins.

The Network Security Firewall Market is Valued USD 7 billion in 2024 and projected to reach USD 44.7 billion by 2032, growing at a CAGR of 22.8% During the Forecast period of 2024-2032.

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Major Players in Network Security Firewall Markets are:
Sinch, Cellusys , Adaptive Mobile, Mobileum, Tata Communication, AMD Telecom, Openmind Networks, Anam, Cisco, SAP, Orange, Telecom Italia Sparkle, Twilio, BICS, Route Mobile, PROTEI, Omobio, Sophos, HPE, Nokia, Enghouse Network, Fortinet, Checkpoint Software, Mavenir, Sonicwall, Infobip, Global Wavelet and among others

Industry News:

In October 2024, Cisco released an urgent fix for a vulnerability in its ASA and FTD software, actively exploited in cyberattacks, potentially causing denial-of-service (DoS) conditions on VPN services. The flaw impacts Cisco's Remote Access VPN service, exposing networks to risk.

In November 2024, Palo Alto Networks disputed findings by Shadowserver, which reported that 2,000 of its firewalls were compromised due to a zero-day vulnerability. While Palo Alto acknowledged the issue and issued a patch, they downplayed the scope, stating that fewer firewalls were affected.

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Global Network Security Firewall Market Segmentation:

By component:
Solutions
Services

By Solution:
Signaling firewall
SMS firewall

By Signaling firewall:
SS7 firewall
Diameter firewall
Others

By SMS firewall:
A2P messaging
P2A messaging

By Service:
Professional service
Managed service

By Professional Service:
Deployment and integration
Consulting
Support and maintenance

By Deployment Type:
On-Premises
Cloud
Network Function Virtualization

The following areas and countries are covered in the worldwide Network Security Firewall Market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

In 2023, North America led the Network Security Firewall Market with a revenue share of approximately 40%, driven by the region's advanced technological infrastructure and early adoption of cutting-edge cybersecurity solutions. The presence of major industry players, coupled with increasing investments in network security to counter growing cyber threats, solidified its market dominance. Additionally, stringent regulatory frameworks and high awareness of data protection among businesses further boosted demand for network security firewalls in the region.

Detailed industry forecast-Brief Introduction to the research report:

Additional information on company participants
Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
Personalized regional/country reports upon request
New data sources are being integrated.
Increased focus on data privacy and security
Increased collaboration and co-creation

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Key Features of the Network Security Firewall Market Report: -

Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.

Examine the market opportunities for stakeholders by identifying higher growth sections.

To study and analyze the global Network Security Firewall Market industry status and forecast including key regions.

An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

It helps you make strategic business decisions and investment plans.
Finally, Network Security Firewall Market is a valuable source of guidance for individuals and companies.

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