Global Network Security Firewall Market 2024-2028
The network security firewall market is forecasted to grow by USD 4.73 bn during 2023-2028, accelerating at a CAGR of 13.27% during the forecast period. The report on the network security firewall market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising adoption of cloud and implementation of BYOD, the increasing need for network security and privacy, and the advent of next-generation network security technologies involving the integration of AI, ML, and big data analytics.
Technavio's network security firewall market is segmented as below:
By Deployment
By Type
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the emergence of network security firewall product launches as one of the prime reasons driving the network security firewall market growth during the next few years. Also, strategic partnerships and acquisitions among vendors and growing demand for SMS firewalls will lead to sizable demand in the market.
The report on the network security firewall market covers the following areas:
- Network security firewall market sizing
- Network security firewall market forecast
- Network security firewall market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading network security firewall market vendors that include Barracuda Networks Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc., Forcepoint LLC, Fortinet Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Juniper Networks Inc., Mavenir Systems Inc., Palo Alto Networks Inc., SAP SE, Sinch AB, Tata Sons Pvt. Ltd., Telefonica SA, WatchGuard Technologies Inc., Cellusys ltd, Huawei Technologies Co. Ltd., Infobip Ltd., and Omobio Pvt. Ltd. Also, the network security firewall market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.