Enterprise Network Firewall Market to Register a Healthy CAGR Throughout 2017 to 2025
Growing importance to reduce the network security risks across various organizations is the key factor contributes the growth of global enterprise network firewall market. Network firewall is the ideal location to enforce enterprise network security policy with predetermined security rules for securing enterprise corporate networks.
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Enterprise network firewall is an integrated network choke point that prohibits potentially vulnerable services from entering or leaving the network, prevents unauthorized users out of the protected network, and provides protection from various kinds of IP spoofing and routing attacks. Based on requirements, enterprise network firewalls are available with managed, expandable and also various reporting features. Enterprise network firewalls are available for virtualized servers as well as public cloud. In terms of technology, the enterprise network firewall market is a continuous evolving market coupled with expanding level of vulnerability and changing communication technology.
Global Enterprise Network Firewall Market: Market Dynamics
Expanding business applications, increasing investment to enhance network security across enterprise environments, and growing changes in the network security characteristics are the prominent factors drives the growth of global enterprise network firewall market. Changing focus from stand-alone network IPS to modern network firewalls with multifunctional security capabilities, such as next generation firewall (NGFW), across various large enterprises, is one of the prominent trend in the global enterprise network firewall market. Additionally, increasing focus to develop efficient security strategy that focuses on identifying, controlling and safely enabling applications, growing importance for identification of transfer of sensitive information and increasing internet attacks and fraudulent acts on enterprises, are the factors further expected to fuel the growth of global enterprise network firewall market. However, budgetary constraints, slow rate of adaptation to new technologies and high preference for unified threat management (UTM) from small and medium enterprises, are the factors identified as restraints likely to deter the progression of global enterprise network firewall market.
Global Enterprise Network Firewall Market: Segmentation
The global enterprise network firewall market can be segmented on the basis of component, industry vertical, by end-user type and by region. On the basis of component, the global enterprise network firewall market can be segmented into hardware, software and services. On the basis of industry vertical, the global enterprise network firewall market can be segmented into BFSI, e-commerce & retail, information technology, government, telecommunication, manufacturing, healthcare, media & entertainment, education, travel and logistics, military & defense and others. On the basis of end-user type, the small and medium enterprise and large enterprise. Regionally, the global enterprise network firewall market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan and Middle East & Africa.
Global Enterprise Network Firewall Market: Regional Outlook
Among all regions enterprise network firewall market in North America is expected to dominate the market, due high preference for business security and continuous adoption high performing network security solutions. In terms of revenue Asia Pacific is identified as the fastest growing enterprise network firewall market, due expanding enterprise networks and increasing security challenges.
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Global Enterprise Network Firewall Market: Competition Landscape
Some of the prominent vendors in the global enterprise network firewall market, includes Palo Alto Networks, Inc., Check Point Software Technologies Ltd., AhnLab, Inc., Juniper Networks, Inc., Cisco, Huawei Technologies Co., Ltd., WatchGuard Technologies, Inc., Hillstone Networks, SonicWall Inc., and Fortinet, Inc.
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