Network Security Firewall Market

How is the network security firewall market responding to the rise of remote work?

Network Security FirewallMarket2023-2030 Meticulous Research has just released its latest report, Network Security Firewall Market by Component (Solutions, Services), Type (Unified Threat Management, Next-Generation Firewall), Deployment Mode, Organization Size, and Sector (BFSI, Retail, and Other Sectors) and Geography - Global Forecast to 2030. According to the report, the network security firewall market is expected to reach $16.2 billion by 2030, with an impressive CAGR of 19.7% from 2023 to 2030. Request For Free Sample Report: https://www.meticulousresearch.com/request-sample- report/cp_id=5065 Key Growth Factors: The growth of the network security firewall market is propelled by several factors. Heightened government regulations promoting the adoption of network security firewalls are a significant driver. Additionally, the increasing relevance of these solutions within the BFSI sector and a growing emphasis on network security and privacy are contributing to the market's expansion. The rapid digital transformation within the telecommunications industry also plays a crucial role in market growth. Challenges and Future Opportunities: Despite its growth potential, the network security firewall market faces challenges such as inadequate preventive maintenance and misconceptions about firewall solutions. However, the market presents substantial opportunities, particularly with the increasing demand among SMEs for network security solutions and the adoption of network function virtualization. Market Segmentation The report provides a detailed segmentation of the network security firewall market: Component Segmentation: oSolutions: Expected to dominate the market in 2023 due to increased focus on solution-centric security capabilities and heightened investment in Research and Development (R&D) to enhance network security firewall solutions. oServices: Anticipated to experience a higher CAGR during the forecast period, driven by widespread adoption across various sectors and increased demand for consulting, training, support, and integration services. Type Segmentation: oUnified Threat Management (UTM): Projected to hold the largest market share in 2023 and exhibit the highest CAGR during the forecast period, driven by rising demand to counter evolving threats and growing adoption of advanced security measures. oNext-Generation Firewall (NGFW): Expected to grow steadily, addressing advanced security needs and integrating more sophisticated features. Deployment Mode Segmentation: oOn-premises: Expected to dominate the market in 2023 due to greater control over network security infrastructure and high preference among large enterprises. Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Network Security FirewallMarket2023-2030 oCloud-based: Predicted to register the highest CAGR, driven by the flexibility offered by cloud-based deployments and increasing adoption by SMEs. Sector Segmentation: oIT & Telecommunications: Foreseen to command the largest market share in 2023, driven by the increasing demand for network security and privacy and advancements in digital transformation within the telecommunications industry. oHealthcare: Expected to witness the highest CAGR during the forecast period, attributed to rising concerns about patient data security and privacy and growing demand for secure medical connected devices. Geographical Outlook: oNorth America: Expected to lead the market in 2023, supported by the presence of prominent market players and high adoption rates of network security firewall solutions. oAsia-Pacific: Predicted to experience the highest growth rate during the forecast period, driven by rapid economic development, increasing cybercrimes, and growing awareness among SMEs regarding network security. Key Players: Leading companies in the network security firewall market include Cisco Systems, Inc. (U.S.), Check Point Software Technologies Ltd. (Israel), Mobileum Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), Fortinet, Inc. (U.S.), Openmind Networks Limited (Ireland), Anam Technologies Ltd. (Ireland), Cellusys Limited. (Irland), Sophos Ltd. (U.K.), Mavenir Systems, Inc. (U.S.), Route Mobile Limited. (India), SonicWall Inc. (U.S.), Enea AB (Sweden), and Forcepoint LLC. (U.S.). Buy Now: https://www.meticulousresearch.com/Checkout/87342000 About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

Network Security FirewallMarket2023-2030 meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 Meticulous Research| sales@meticulousresearch.com