Network Security Firewall Market to Surpass USD 29.5 billion by 2030 | Increased Demand for Network Security and Privacy, Advent of NextGen Technologies for Network Security

Enhancing Network Security in a Rapidly Evolving Digital Landscape, Incorporating AI, big data, ML, cloud computing, and IoT has necessitated robust network infrastructures
The global Network Security Firewall Market has witnessed exponential growth and is expected to escalate substantially, marking a valuation surge from USD 5.6 billion in 2022 to an estimated USD 29.5 billion by 2030. This remarkable trajectory, detailed in the latest SNS Insider report, underscores a projected compound annual growth rate (CAGR) of 23.1% from 2023 to 2030.

Market Scope and Functionality:

Network firewalls serve as critical gatekeepers, scrutinizing all inbound and outbound data within a network, permitting entry only after meeting predefined security standards. Whether hardware or software-based, these firewalls offer robust protection against unauthorized access, viruses, and other malicious entities. They efficiently manage network traffic, maintaining stringent security while enabling seamless resource accessibility for authorized users.

Network security firewalls act as formidable shields against unauthorized access to sensitive data within private networks. Configured in software, hardware, or a hybrid form, these firewalls effectively segregate specific networks from external entities, ensuring the safety of crucial information.

Get a Sample of Network Security Firewall Market Report @ https://www.snsinsider.com/sample-request/3776

Key Players:

The major key players in the Network Security Firewall Market are Cisco Systems Inc., Barracuda Networks, Inc., Check Point Solution Technologies Ltd., Juniper Networks, Inc., Cato Networks Ltd., Palo Alto Networks., Fortinet, Inc., Force Point LLC, Sophos Ltd., Zscaler, Inc., Watch Guard Technologies, Inc., Sonic Wall, and other players.

Market Analysis:

The Network Security Firewall Market is propelled by the rising demand for security services to counter cyber threats amidst the rapid adoption of web applications and cloud technologies. This surge is further fueled by the need to safeguard data and information against security breaches, escalating the implementation of network security firewalls across various enterprises. The integration of innovative technologies like AI, big data, ML, cloud computing, and IoT amplifies the volume of data generated, necessitating robust network infrastructures. With heightened interconnectedness globally, the risks associated with security breaches increase, compelling organizations to invest substantially in fortified network security measures to fortify against evolving cyber threats.

Segment Analysis:

Within the solution landscape, the SMS firewall segment reigns supreme, driven by its deployment for network security, anti-spam & fraud prevention, and the widespread adoption of A2P messaging for monetization. Cloud-based deployment mode showcases exceptional growth prospects due to its flexibility and increasing traction among SMEs.

Market Segmentation and Sub-Segmentation Included Are:

By Component:
• Solution
• Services

By Solutions:
• Signalling Firewall
• SMS Firewall

By Deployment Model:
• On-premise
• Cloud
• Virtualization

By Type:
• Packet Filtering
• Stateful Packet Inspection
• Next-generation Firewall
• Unified Threat Management

Regional Developments:

North America currently holds the largest market share owing to its concentration of leading network security providers and substantial investments in data security infrastructure. The region's proactive stance against cyber-attacks drives its dominance. Meanwhile, APAC's telecom market growth and evolving network operators position it as a burgeoning market, especially with the inadequacy of traditional network firewalls against fraudulent mechanisms.

Enquire about the report @ https://www.snsinsider.com/enquiry/3776

Key Takeaways:

• Rising Demand: Escalating internet subscribers and data generation fuel the need for robust network security.
• Cloud-Based Deployment: Witnessing significant growth due to its flexibility and SME adoption.

Recent Developments:

• August 2022: Fortinet unveiled the FortiGate 4800F series, setting new benchmarks in security, scale, and performance for hyperscale customers and 5G MNOs.
• February 2022: Juniper Networks introduced Juniper Secure Edge, bolstering its SASE architecture to offer Firewall-as-a-Service (FWaaS) for enhanced workforce security.

Get complete report details @ https://www.snsinsider.com/reports/network-security-firewall-market-3776

Table of Contents:

1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1. COVID-19 Impact Analysis
4.2. Impact of Ukraine- Russia war
4.3. Impact of Ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Network Security Firewall Market Segmentation, by Component
9. Network Security Firewall Market Segmentation, by Solutions
10. Network Security Firewall Market Segmentation, by Deployment Model
11. Network Security Firewall Market Segmentation, by Type
12. Regional Analysis
13. Company Profile
14. Competitive Landscape
15. USE Cases and Best Practices
16. Conclusion

Buy Complete PDF of Network Security Firewall Market Report @ https://www.snsinsider.com/checkout/3776

Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com
Office No. 305-B, Arissa Avenue, Fountain Road, Kharadi, Pune, Maharashtra 411014

About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we're proud to be recognized as one of the world's top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.

This release was published on openPR.