Network Security Firewall market

Network Security Firewall market to account to US$ 10,531.1 Million by 2027

The global Network Security Firewall market is accounted to US$ 3,525.0 Mn in 2018 and is expected to grow at a CAGR of 13.1% during the forecast period 2019 – 2027

The Network Security Firewall market is highly competitive in nature with considerable number of players, having a high level of dominance over the overall revenue share. Most of the companies operating in the Network Security Firewall market are present globally and sales network through partnerships or authorized dealers.

The most prominent market players in Network Security Firewall market Adaptive Mobile Security, AMD Telecom SA, ANAM Technologies, Cellusys, Cisco Systems, Inc., Mobelium Inc., Omobio Pvt. Ltd., Openmind Networks, SAP SE, and Symsoft among others for a considerable share of the market owing to their product offerings to the market. several initiatives including Smart Anything Everywhere (SAE) and ICT Innovations for Manufacturing SMEs (I4MS) for the SMEs in the region to test and implement digital innovations in their business processes. This was introduced in collaboration with the Digital Innovation Hubs, Research & Technology Organizations, and Academic Institutions. Cyber-attacks are constantly affecting companies, public institutions, and private individuals. In recent years, research funding by the Federal Ministry of Education and Research to safeguard IT infrastructures and systems has facilitated to make Germany one of the foremost countries in the field of IT security.

Market leaders are involved in extensive research for the development of new products with advanced technology. For instance, in 2017 Adaptive Mobile announced advanced messaging classification capabilities, to be served to mobile operators and aggregators for providing advanced variation between the different types of commercial A2P  generated messaging as well as consumer messaging, as well as introducing new billing and revenue opportunities for its customers globally. Subsequently, introduction of such advanced innovation are expected to provide this market with lucrative growth opportunities.

 

Many well-known as well as small local companies are present in the market to provide diversified product to its customers. The larger firms are adopting the strategy of partnership, contractual alliances for the deployment of new technological solutions to enhance its product portfolio and expand its footprint in different geographies. Few on the important market initiative from the industry are mentioned below:

Year News Country
2019 Sinch operator division secured 15 new mobile operator orders as a supplier to Ericsson, a prominent provider of mobile communication infrastructure. The licensing agreement led to the delivery of software licenses, integration projects and customer support for Short Message Service Center, SMS Firewall, Application-to-person SMS Gateway and USSD Gateway solutions to service providers in the Americas, Europe and Africa. Europe
2018 Adaptive Mobile entered into an agreement with African operator group for enhancing its revenue opportunities  by securing 10 more properties in their network. Middle East & Africa
2018 Openmind Networks secured contracts to with twenty Mobile Operators to deploy its completely NFV-compliant mobile messaging platform across Europe, Africa and Asia.. Europe, APAC, and MEA
2017 Anam Technologies announced renewal of A2P business partnership with Telenor for further 2 years. Europe

 

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