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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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