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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global network security firewall market attained a value of nearly USD 6.97 billion.
The network security firewall market is projected to grow at a CAGR of 22.70% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 43.97 billion by 2032.
The market is being driven by the rising demand for network security owing to digitisation and the subsequent growing risk of cyberattacks and online data breaches.
The market is expected to be driven by the various research and technological activities going on in the industry, which is anticipated to boost product innovation.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major components of a network security firewall are solutions and services.
The major solutions of network security firewalls are SMS firewall, A2P messaging, and signalling firewall.
The different services of network security firewalls are professional services and managed services.
The major types of network security firewalls are packet filtering, stateful packet inspection, next-generation firewall, and unified threat management.
The significant modes of deployment of network security firewall are on-premises and cloud.
The major players in the industry are Amd Telecom Private Limited, SAP SE, Tata Communications Limited, Omobio Pvt. Ltd., and Route Mobile, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124