The Global Network Security Firewall Market size is expected to reach $6 billion by 2024, rising at a market growth of 12.3% CAGR during the forecast period. Network security firewall is a security system created for preventing unauthorized access to private information existing on a network. The firewall can be used as software as well as hardware and can isolate a specific network and its data from an outer network in order to keep that network’s data private. There are several advantages that come with the implementation of a firewall in a network, especially the easy installation and the high speed. Utilization a firewall for a network is relatively less costly than securing each computer individually.
Global Network Security Firewall Market Size
Based on Component, the market is segmented into Solutions and Services. Solutions is further bifurcated into SMS Firewall and Signaling Firewall. SMS Firewall is further segmented into A2P Messaging and P2A Messaging. Signaling Firewall is further segmented into SS7 Firewall and Diameter Firewall. Services are further bifurcated into Consulting, Integration & Deployment, Support and Maintenance, and Managed Services.
Global Network Security Firewall Market Share
Based on Deployment, the market is segmented into On-Premises, Cloud and Network Function Virtualization. Most medium and large companies are now active on the Internet and are linked to an organizational network. Network security firewalls are therefore used for the maintenance of network safety between the external network and the inner network to safeguard the company from fraud and data violations. Network firewalls also help companies to secure communication paths from unlawful access and information misuse, and the network security firewalls market is thus rapidly expanding. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East and Africa.
KBV Cardinal Matrix
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hewlett-Packard Enterprise, IBM Corporation, Dell technologies Inc., Cisco Systems Inc., Fortinet, SAP SE, Tata communications limited, Twilio Inc., Orange S.A., and Adaptive Mobile Security Ltd. The major strategies followed by the market participants are Product launches and Partnerships and Collaborations. Based on the Analysis presented in the Cardinal matrix, IBM Corporation and Cisco Systems Inc. are some of the forerunners in the Network Security Firewall market.
Market Segmentation:
By Component
By Deployment
By Geography
Companies Profiled
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