NEW YORK, October 6, 2022 /PRNewswire/ — The Global network security firewall market Size is expected to grow by $3.04 billion during 2021-2026, at a CAGR of 12.05%. The increasing adoption of cloud and implementation of BYOD, the need for network security and data protection, and the emergence of next-generation network security technologies are one of the major factors driving the market growth. However, factors such as lack of skilled labor and threat knowledge, availability of open source and free security firewalls can hamper the market growth.
Global Network Security Firewall Market Driver
One of the main factors behind the growth of network security firewall market is the increased use of cloud computing and the use of BYOD. Organizations across a range of sectors including BFSI, manufacturing, healthcare and retail are turning to cloud computing technology to reduce costs and increase the effectiveness of their IT infrastructure. Cloud computing takes very little time to set up, allowing applications to scale to meet the needs of the business. Implementing the BYOD policy also increases employee productivity. Request a free sample report.
Global Network Security Firewall Market Trends
One of the major Network Security Firewall industry trends driving the expansion of the market is the appearance of new products. To stay ahead of their competitors, leading vendors in the global network security firewall market are constantly developing and introducing new technologies and solutions. This means that the adoption of network security firewalls, which will later support the expansion of the market during the forecast period, is likely to be driven by the increasing development and adoption of firewall solutions with sophisticated technologies. Buy sample report.
Global Network Security Firewall Market Challenge
One of the things that limit the growth of the network security firewall market is the Lack of competent manpower and ignorance of the dangers. Cyber attacks have increased over the past decade. As a result, organizations are implementing cutting-edge security solutions, such as B. Network security firewalls to solve security problems. However, firewalls have some limitations. Adoption of network security firewalls during the forecast period may be hampered by the increasing nature of cyberattacks and data theft, lack of understanding and limitations associated with firewalls.
Global Network Security Firewall Market segmentation
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mission
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geographic landscape
The report identified the growing demand for SMS firewalls as one of the main reasons behind the network security firewall market growth in the next few years. Download free sample report.
Key Highlights of the Network Security Firewall Market
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CAGR of the market during the forecast period
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Detailed information on factors that will support the growth of the Network Security Firewall market in the next five years
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Estimation of the market size of network security firewalls and their contribution to the parent market
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Analysis of the competitive landscape of the market and detailed information about vendors
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Comprehensive details of factors disrupting the growth of the Network Security Firewalls market, vendors
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Network Security Firewall Market Scope |
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report coverage |
details |
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page number |
120 |
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base year |
2021 |
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forecast period |
2022-2026 |
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Growth Dynamics & CAGR |
Accelerate with a CAGR of 12.05% |
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Market growth 2022-2026 |
$3.04 billion |
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market structure |
fragmented |
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YoY Growth (%) |
11.62 |
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Regional Analysis |
North America, Europe, APAC, Middle East & Africa and South America |
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make a market contribution |
North America at 33% |
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Important consumer countries |
USA, Canada, China, India, UK and Germany |
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competitive landscape |
Leading companies, competitive strategies, levels of consumer engagement |
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company profiled |
ANAM Technologies Ltd., Barracuda Networks Inc., Cellusys Ltd., Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Inc., Forcepoint LLC, Fortinet Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Juniper Networks Inc., Mavenir Systems Inc., Mobileum Inc., Omobio Pvt. Ltd, Palo Alto Networks Inc., SAP SE, Sinch AB, Tata Sons Pvt. Ltd., Telefónica SA and WatchGuard Technologies Inc. |
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market dynamics |
Root market analysis, market growth drivers and barriers, fast growing and slow growing segment analysis, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period. |
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customization area |
If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted. |
Table of Contents
1. Summary
2 market landscape
3 market size
4 Five Forces Analysis
5 Market Segmentation by Deployment
6 customer landscape
7 Geographical Landscape
8 drivers, challenges and trends
9 provider landscape
10 Vendor Analysis
11 Appendix
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