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Report Overview
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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.
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 2024, 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 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 43.97 billion by 2034.
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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