The Network Security Firewall Market was valued at US$ 2,819.3 million in 2017 and is projected to reach US$ 8,813.7 million by 2027; it is expected to grow at a CAGR of 12.3% from 2020 to 2027.
The SMS landscape is transforming at a quick pace, where SMS firewall has captured a prominent position in terms of establishment of sufficient A2P SMS monetization strategy, and equipping them with network analysis and protection competences. The demand for SMS security firewall over the cast of time has spawned various providers, offering mobile operators a variety of value propositions and vendors to choose solutions.
As the SMS prevails to be a critical factor for revenue generation, the operators across the world are focusing on technological modifications in order to deal with threats like spams/spoofs and fraudulent activities. Therefore, the rising security and privacy concerns among the industry players is expected to drive the demand for SMS firewall, subsequently contributing to the network security firewall market.
Impact of COVID-19 Pandemic on Network Security Firewall Market
The threat of coronavirus resulting the disease COVID-19 is expected to have disruptive impact on the economy of US and Canada. It has disrupted the global supply of goods resulting the US companies to fulfill the orders. It has resulted to reduced labor on supply side, slowdown in the demand for products, and services other side.
According to the Center for Strategic and International Studies, owing to COVID-19 impact, the US would experience contraction in GDP in the second quarter. Further, as per the US Conference on Trade and Development (UNCTAS), foreign direct investment (FDI) flows could fall between 5% and 15% to their lowest levels since the 2008–2009 financial crisis.
Due to the shutdown of businesses and the fall in the demand of network security firewall in the first quarter of 2020, the market is significantly impacted. Moreover, due to the falling GDP, the market will have negative impact on the growth rate of network security firewall market. However, the increasing number of work from home population, the market will witness potential demand of firewall services since; the risk of cyber threats is high. It is expected that the economy will regain its momentum soon; the market for network security firewall will witness a significant demand.
Lucrative Regions for Energy Market
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Market Insights
Emergence of New Network Security Threats and Attacks to Reinforce the Demand for Network Security Firewall in Future
The coming years are anticipated to come up with higher sophistication of spiteful hacking. Majority of network security attacks and hacking is projected to become even more high profile, reinforcing the criticality of network security. Most recently there have been significant surge in emergence of network security threats that are persistently imposing a persistent pressure on the businesses to strengthen their network security. According to the Online Trust Alliance, the rate of cyber breach had nearly doubled from 82,000 in 2016 to 159,700 in 2017. Owing to the increasing trend of cyber threat, the network managers across various industries emphasizing on security infrastructure and upgrading the plans to overcome evolving network threats, such as DDoS attacks, Network based Ransomeware, and insider threats.
Component Market Insights
The network security firewall market is categorized on basis of component such as solutions and services. The solution segment is segmented into SMS firewall, Signaling Firewall, and Services. The SMS Firewall segment is further sub-segmented into A2PSMS and P2ASMS. Similarly, the Signaling Firewall segment is sub-segmented into SS7 Firewall, diameter firewall, SIP firewall, GTP Firewall, and others (MAP, CAMEL, and HTTP/2). All these solution provides required protection to an organization against any malicious and fraudulent activities as well as spamming to make the network traffic busy. Market players also provide various professional and managed services across the world to deal with such kind of activities.
Network Security Firewall Market, by Component– 2019 and 2027
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Deployment Market Insight
The global network security firewall market based on deployment is categorized into on-premise and on-cloud. A cloud-based network security firewall is a web-based software model utilizing enterprise cloud technology. Whereas on-premises Components system is the one deployed on the native hardware and network of the business. Over the years the demand for cloud-based system is expected to achieve substantial growth rate. This is majorly due to the cloud-based network security firewall software offers enhanced flexibility, scalability, and security to its users. Further, it also provides the end-users with the ability to receive automatic software updates without additional capital expenditures, providing better technology competitiveness. Owing to these factors, the cloud-based network security firewall software is expected to receive main market attraction resulting in principle growth rate.
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Network Security Firewall Market: Strategic Insights
Market Size Value in US$ 2,819.3 Million in 2017 Market Size Value by US$ 8,813.7 Million by 2027 Growth rate CAGR of 12.3% from 2018-2027 Forecast Period 2018-2027 Base Year 2018
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Network Security Firewall Market: Strategic Insights
| Market Size Value in | US$ 2,819.3 Million in 2017 |
| Market Size Value by | US$ 8,813.7 Million by 2027 |
| Growth rate | CAGR of 12.3% from 2018-2027 |
| Forecast Period | 2018-2027 |
| Base Year | 2018 |
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The players operating in the enterprise content management market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In January 2020, Anam Technologies announced Managed Services business which deals with detection as well as filtration of grey-route traffic necessary for subscriber protection and full A2P monetization against SPAM & fraud.
- In March 2019, Cisco introduces patches for holes in software for Nexus 3000, 3500, 9000 switches and for Firepower 4100 Series next-generation firewall and Firepower 9300 security appliance.
Global Network Security Firewall Market Segments:
Network security firewall Market – By Component
- Solution
- SMS
- A2PSMS
- P2ASMS
- Signalling
- SS7
- Diameter
- SIP
- GTP
- Others
- SMS
- Services
Network security firewall Market – By Deployment
- On-Premise
- Cloud
Network Security Firewall Market – By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- Rest of APAC
Middle East & Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
- Rest of SAM
Companies
- Adaptive Mobile security
- AMD Telecom S.A
- ANAM Technologies
- Cellusys
- Cisco Systems, Inc.
- Mobileum Inc.
- Omobio (Pvt) Ltd
- Openmind Networks
- SAP SE
- Symsoft AB (Sinch)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component ; Deployment
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
With proliferation in remote and mobile work, and BYOD (Bring Your Own Device) trend, the hackers have expanded their target from a few employees to the entire network with the help of private emails. As the enterprises continue to make strategic shift to cloud, they have raised the demand for new and innovative methods such as encryption, email archiving solutions, URL Defense, and mobile defense to enhance the security of their networks. Additionally, as the diversity in whereabouts of the employees continues to expand, the companies are investing on robust security measures, which in turn are driving the growth of network security firewall.
Furthermore, the increasing deployment of IoT in industries is resulting in network security threats such as the IoT Botnets. The botnetsenablehackers to get access into devices that plug into IoT.The development of such bots is creating immense pressure on the technology companies to implement network security measures in the system. Such implementations are positively influencing the network security firewall market across the world.
North America dominated the network security firewall market. The growing numbers of cyber security threats have given rise to essential requirements for implementing security solutions for enterprises, different industries, as well as government. Due to the threat of losing data and the impact of potential cyber threats, the market is expected to foresee a noteworthy growth in the coming year.
The solution segment led the network security firewall market during the forecast period. The major advantage of solution segment is rising penetration of advanced technologies across the world. The security, of all the critical and important information of the organization especially the financial institutions and telecom industry are the major factors towards the acceptance of network security firewall.
Another factor is to increase the overall operational efficiency by improving the availability and reliability depending on the hardware used.These solutions are deployed in the system across the organization to safeguard all the critical information from hackers.
The List of Compoanies - 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
- Symsoft
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