Global Network Security Firewall Market Report and Forecast 2024-2032

Global Network Security Firewall Market Size

The global network security firewall market attained a value of about USD 6.97 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 22.70% to reach nearly USD 43.97 billion by 2032.

Network Security Firewall Market Outlook

• In 2024, Zscaler Inc., a cloud security company, announced the launch of Zscaler Zero Trust SASE, a single vendor service edge solution. 

• In 2023, WatchGuard® Technologies launched its new and enhanced Firebox T25/T25-W, T85-POE and T45/T45-POE/T45-W-POE tabletop firewall appliances.

• In 2021, SonicWall declared the expansion of the threat protection solutions and offerings with the NSa 3700, a multi-gigabit appliance to tackle attacks on various reputed institutions. 

• In 2023, Sophos Firewall introduced a new version of the firewall, Sophos Firewall v20, with enhanced threat reaction capability.

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Network Security Firewall Market Growth

The growth in the rate and complexity of cyberattacks, coupled with the rapid adoption of cloud computing, chiefly drives the network security firewall demand growth. Due to the increasing threat of cyber-attacks, especially ransomware and advanced persistent threats, it is becoming compulsory for any organization to invest in advanced firewalls to protect their network.

Their sophisticated nature calls for a robust, adaptive security feature that traditional firewalls may not give. Moreover, the increased adoption of cloud computing calls for cloud-native firewalls that will offer scalable and agile protection for dynamic cloud environments. As digital transformation speeds up, so does the demand for integrated security solutions protecting on-premises and cloud infrastructures, thereby propelling the growth of the network security firewall industry.

Key Trends and Recent Developments

Cloud integration, AI, Zero Trust, and UTM are paving the way towards new network security firewall market opportunities.

June 2024

Cisco added new capabilities across the Cisco Security Cloud, further extending its security architecture in an age of AI. Leveraging Cisco's unified, AI-driven, cross-domain security platform, customers will see the tip in the balance of power in the defenders' favor.

April 2024

Fortinet® announced the latest version of its FortiOS operating system and other major enhancements to the company's cybersecurity platform, the Fortinet Security Fabric.

October 2023

Juniper Networks Inc. introduced new firewall appliances and software tools designed to enhance the security infrastructure of any organization.

October 2023

Zyxel Networks has launched the USG FLEX H Series Security Firewalls for offering multi-layered cyber protection at SMBs, it claims.

Cloud Service Integration

Next-generation firewalls are increasingly being integrated with cloud environments to deliver scalable and flexible security solutions and also to boost demand of network security firewall market. As computing migrates to the cloud via cloud-native firewalls, infused security ensures that these dynamic, highly distributed infrastructures of the cloud are robustly protected.

AI and Machine Learning

AI and machine learning are now getting embedded more frequently within firewalls for boosted threat detection and instant response. Such technologies enable real-time traffic monitoring to effectively identify and block even the most sophisticated, zero-day threats, ultimately boosting the network security firewall market revenue for the key players.

Zero Trust Architecture

Firewalls are evolving to support Zero Trust by demanding rigorous verification of every request. This approach assumes no implicit trust inside the network and enhances security by continuously validating users and devices, which is key in today's environments.

Unified Threat Management (UTM)

UTM are quite responsible for accelerating the growth of the network security firewall market. These are multiple security functions in one single platform category. This trend has smoothened management in end-to-end protection, where firewall capability integrates with features like antivirus, intrusion prevention, and content filtering.

Network Security Firewall Market Trends

The upward movement in the network security firewall industry revenue is being supported by multiple factors, such as an increase in demand for network security and privacy, advancement of digital transformation in the telecommunication industry, and real-time streaming analysis, among others. Further, using advanced digital technologies such as Artificial Intelligence (AI), Big Data, Machine Learning (ML), cloud computing, and the Internet of Things (IoT) technology, there is an increase in the number of subscribers on the internet, which has accelerated the risk of cyberattacks and data breaches. As a result, the demand for network security firewall to promote security is pushing the growth of the market.

Moreover, the insurgence of the coronavirus pandemic further catalysed the growth of the market as dependency on digitisation accentuated, resulting in the greater vulnerability of online data. Apart from this, the market growth can be associated with various advantages like easy installation, high speed, and affordability, among others. However, lack of preventive firewall maintenance infrastructure, high maintenance costs, and poor hardware and system compatibility, are some factors hindering the network security firewall demand.

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Network Security Firewall Industry Segmentation

“Network Security Firewall Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

The major components of network security firewall are:

• Solutions

• Services

Based on solutions, the market can be divided into:

• SMS Firewall

• A2P Messaging

• Signalling Firewall

Based on services, the market can be divided into:

• Professional Services     
  • Deployment and Integration
  • Consulting Services
  • Support and Maintenance         
• Managed Services

The various types of network security firewall are:

• Packet Filtering

• Stateful Packet Inspection

• Next-Generation Firewall

• Unified Threat Management

The market can be broadly categorised based on deployment into:

• On-Premises

• Cloud

The market can be further divided regionally into:

• North America

• Latin America

• Middle East and Africa

• Europe

• Asia Pacific

Network Security Firewall Market Share

Solutions Are Expected To Gain Traction For Integrated Security Solutions

In the network security firewall market, solutions are likely to gain more traction. This would be so due to increasing demand for advanced and integrated security solutions that come with AI-driven threat detection, automation, and seamless cloud integration. Firms want robust and scalable solutions that would adapt to the evolving threats and complex IT environments. Services are pertinent to support and management; however, growing requirements for sophisticated and proactive security measures drive the focus toward new solutions.

Next-Generation Firewalls (NGFWs) Are Expected To Gain Market Share For Their Advance Features

As per the network security firewall industry analysis, next-generation firewalls are expected to gain maximum traction by type. Advanced features such as deep packet inspection, application awareness, and integrated threat intelligence in NGFWs help overcome the reservations of traditional firewalls. Next-generation firewalls offer advanced protection from such sophisticated threats by marrying traditional firewall capabilities with IPS, malware detection, and more. Given that cyber threats are becoming increasingly complex and pervasive, organizations need security solutions that are more resilient and adaptable. NGFWs deliver full protection, scalability, and visibility across a wide range of network environments, making them one of the most sought-after solutions by modern enterprise businesses facing dynamic security threats.

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Network Security Firewall Market Regional Analysis

North America Accounts for a Significant Share in the Overall Market Growth of Network Security Firewall

North America accounts for a considerable share of the global market for network security firewalls owing to the presence of leading network security providers in the region. In addition, robust growth in cyberattacks resulting in heavy investments in security fortification has helped the growth of the regional market in recent years. According to the network security firewall market analysis, the market growth can further be attributed to rapid advancements in mobile security technologies, privacy concerns, a surge in the incidence of data breaches, an increase in financially targeted cyber-attacks, and greater awareness of firewall solutions. All these factors are collectively contributing to the adoption of network security firewall solutions in the region, thereby promoting the growth of the market.

Following North America, the network security firewall industry in Asia Pacific region is expected to grow during the forecast period owing to factors like rapid advancement in mobile security technologies.  Additionally, several government initiatives towards digitisation in developing countries, increasing awareness regarding the importance of network security firewall, an increase in disposable income, coupled with the rapid proliferation of smartphone and mobile networks are some of the factors that are anticipated to provide impetus to the market. The growth of the market can further be defined by the adoption of innovative technologies providing a lucrative market for telecom service providers in the Asia Pacific region.

Competitive Landscape

Key players within the network security firewall market focus on innovation, especially with features like AI-driven threat detection, cloud service integration, and the ability to scale. They invest in research and development, form strategic partnerships, and make acquisitions to enhance their product portfolios and capture a larger market share.

AMD Telecom Pvt Ltd., incorporated in 2007 and headquartered in Mumbai, India, provides Network Security Solution Works, including Firewalls and Threat Management Systems. Their focus is on providing tailored security solutions for telecommunications and enterprise clients in India.

SAP SE founded in 1972, and headquartered in Walldorf, Germany, mainly deals with Enterprise Resource Planning software but also offers firewall protection as part of its broader dealing in IT infrastructure management services related to integrated security solutions.

Tata Communications Limited was founded in 1986 and is based in Mumbai, India. Under its managed security services, Tata Communications offers network security solutions inclusive of firewalls, thereby concentrating on the protection of global communications networks as well as enterprise Information Technology infrastructure.

Other network security firewall market players include Omobio Pvt. Ltd. and Route Mobile, among others.

Key Highlights of the Report

Network Security Firewall Market Report Snapshots

Network Security Firewall Market Size

Network Security Firewall Market Growth

Network Security Firewall Market Trends

Network Security Firewall Market Share

Network Security Firewall Companies

Network Security Firewall Market Regional Analysis