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Network Security Firewall Market Expected to Grow USD 3.04 Billion Between 2021 and 2026, Growing Cloud Adoption and BYOD Implementation to Drive Market Growth

NEW YORK, October 6, 2022 /PRNewswire/ — The global network security firewall market the size should increase by $3.04 billion from 2021 to 2026, to a CAGR of 12.05%. Rising cloud adoption and BYOD implementation, need for network security and privacy, and advent of next-generation network security technologies are some of the major factors propelling the growth of the market. However, factors such as shortage of skilled labor and lack of threat knowledge, availability of open source and free security firewalls may hamper the growth of the market.

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Technavio has announced its latest market research report titled Global Network Security Firewall Market 2022-2026

Global Network Security Firewall Market Driver

One of the major factors propelling the growth of the Network Security Firewall market is the increased use of cloud computing and the deployment of BYOD. Companies in various industries, including BFSI, manufacturing, healthcare, and retail, are adopting cloud computing technology to reduce costs and increase the efficiency of their IT infrastructure. Setting up cloud computing takes very little time, allowing applications to be tailored to business needs. Implementing the BYOD policy also increases staff productivity. Request a free sample report.

Global Network Security Firewall Market Trends

One of the major network security firewall industry trends driving the market expansion is the the appearance of new products. To stay ahead of their competition, leading vendors in the global network security firewall market are continuously creating and releasing new technologies and solutions. This means that the adoption of network security firewalls, which will subsequently support the expansion of the market over the forecast period, is expected to be fueled by the increasing development and launch of firewall solutions with sophisticated technologies. Buy sample report.

Global Network Security Firewall Market Challenge

One of the factors limiting the growth of the Network Security Firewall market is the lack of skilled labor and ignorance of the dangers. Over the past ten years, cyberattacks have increased. As a result, companies are implementing state-of-the-art security solutions, such as network security firewalls, to address security issues. Firewalls have certain restrictions, however. The adoption of network security firewalls over the forecast period may be hampered by the growing nature of cyberattacks and data thefts, a lack of understanding, and the constraints associated with firewalls.

Global network security firewall market Segmentation

  • Deployment

  • Geographic landscape

The report identifies growing demand for SMS firewall as one of the major reasons for the growth of the network security firewall market over the next few years. Download a free sample report.

Network Security Firewall Market Highlights

  • CAGR of the market over the forecast period

  • In-depth information on factors that will contribute to the growth of the Network Security Firewall market over the next five years

  • Estimation of the Network Security Firewall market size and its contribution to the parent market

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Comprehensive details of the factors that will challenge the growth of the Network Security Firewall Market, Vendors

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Network Security Firewall Market Scope

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 12.05%

Market Growth 2022-2026

$3.04 billion

Market structure

Fragmented

Annual growth (%)

11.62

Regional analysis

North America, Europe, APAC, Middle East and Africa and South America

Successful market contribution

North America at 33%

Main consumer countries

United States, Canada, China, India, United Kingdom and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

ANAM Technologies ltd, Barracuda Networks Inc., Cellusys ltd, Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Inc., Forcepoint LLC, Fortinet Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Trade Machines Corp., Juniper Networks Inc., Mavenir Systems Inc., Mobileum Inc., Omobio Pvt. Ltd, Palo Alto Networks Inc., SAP SE, Sinch AB, Tata Sons Pvt. Ltd., Telefonica SA and WatchGuard Technologies Inc.

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast and slow growing segments, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Deployment

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Global Network Security Firewall Market 2022-2026

Global Network Security Firewall Market 2022-2026

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