A network security firewall involves management of the network traffic by controlling the entrance of threat across networks. The major benefits of network security firewalls is to improve the network security by protecting it against various threats such as botnets, command and control servers, advanced persistent threats (APTs), and zero-day threats. Hence, network firewall security will help in stopping unauthorized access to users, which is one of the factors for growth of the market.
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Increasing demand for network security and privacy is one of the major factors driving growth of the market
Increasing adoptions of Big Data, IoT, cloud computing, and others have changed the scenario of business needs, in order to promote maximum agility to achieve competitiveness. Due to this, concerns regarding data breaches, account hijacking, unauthorised access, and others has also increased. Hence, network security is one of the major concerns for organizations, in order to minimize the issues related to data security. Furthermore, network security also helps organisations in protecting critical applications from disruption so that employees can stay on task without facing server outages, email downtime or data loss, which helps to boost productivity. Hence, all these features of network security helps organisations, which is propelling growth of the network security firewall market.
Increasing demand for administrative regulation for network security firewall is one of the major factors propelling growth of the market
Increasing adoption of cloud technology is one of the key factors for growth of market. According to Coherent Market Insights’ analysis, in 2016, 58% of the workloads were already shifted to cloud data centers, globally. Organizations have to secure their data as it available virtually. The data is more secure in in-house data centres rather than on a virtual cloud networks. Therefore, data security is the one of the major restraining factor, while adopting cloud computing by organizations. Hence, cloud-based firewalls play an important role in securing the data, which is present on the cloud. The features delivered by cloud-based network security firewall are email security, web filtering, manage network traffic, and others. Hence, cloud-based segment is expected to exhibit positive growth over the forecasted period.
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Network Security Firewall: Regional Insights
On the basis of region, the global network security firewall market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America accounted for the largest market share in global network security market in 2017, owing of increase number of cyber-threats across the various verticals such as healthcare, banking and financial, and retail and manufacturing. For instance, according to the Internet Crime Complaint Center (IC3), in 2016, cybercrimes were valued at over US$ 1.33 billion worldwide, where California witnessed loss of over US$ 255 million. Moreover, in 2016, about 28% of web application attacks were recorded in the U.S., followed by the Netherlands and Germany. Therefore, the organisation demand for newer and superior network security solution that help in minimizing the cyber threats.
Network Security Firewall Market: Taxonomy
SMS FirewallSignalling FirewallOtherBy Services
Professional ServicesManaged ServicesBy Deployment
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