The Network Security Firewall Global Market Report 2023 by The Business Research Company, provides network security firewall market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Network Security Firewall Global Market Report 2023, the market size is expected to grow from$4.77 billion in 2022 to $5.74 billion in 2023 at a compound annual growth rate (CAGR) of 20.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global network security firewall market is expected to grow to $12.18 billion in 2027 at a CAGR of 20.7%.
The rise in the need for network security and privacy is expected to propel the growth of the network security firewall market going forward. Network security refers to technology that safeguards the usefulness and integrity of a company’s infrastructure by preventing a wide range of potential threats from entering or spreading within a network. A network security system reduces the likelihood of data loss, theft, and sabotage.
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The network security firewall market is segmented:
1) By Type: Packet Filtering, Stateful Packet Inspection, Next Generation Firewall, Unified Threat Management
2) By Component: Solutions, Services
3) By SMS Firewall: A2P, P2A Messaging
4) By Deployment Type: On-Premises, Cloud, Network Function Virtualization
5) By Applications: Financial Services, Medical Authorities, Education Authorities, Retail, Manufacturing, IT, Energy, Other Applications
Product innovations are the key trends gaining popularity in the network security firewall market. Major market players are focusing their efforts on developing new security and privacy protection solutions to provide individuals with digital safety. For instance, in January 2022, Avast Software, a Czech-based company engaged in the research and development of computer security software, machine learning, and artificial intelligence, launched New Firewall to give people digital freedom, safety, and confidence online. The update features a brand-new firewall in Avast’s free antivirus that protects users from network assaults and reinforces Avast’s commitment to providing sophisticated and effective security and privacy products for free to everyone. Avast has added new sophisticated firewall features to Avast Premium Security for even better protection against data leaks, spoofing attacks, and malicious devices scanning for open ports on the user’s personal computer.
The network security firewall market report table of contents includes:
1. Executive Summary
2. Network Security Firewall Market Characteristics
3. Network Security Firewall Market Trends And Strategies
4. Network Security Firewall Market – Macro Economic Scenario
5. Network Security Firewall Market Size And Growth
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26. Africa Network Security Firewall Market
27. Network Security Firewall Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Network Security Firewall Market
29. Network Security Firewall Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Symsoft
- ANAM Technologies
- Cellusys
- SAP
- AdaptiveMobile Security
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