Network Security Firewall Market Size and Growth Rate (2019 - 2023)
Network security firewall market is promised to have a steady pace in the forecast period. It is estimated that the market will reach USD 3.0 billion by 2023 and to register compound annual growth rate (CAGR) of 12.2%. Network security firewall manages incoming and outgoing network traffic. These are located on the gateway computers of LANs, WANs, and intranets and handles the protocols. It acts as a barrier with the trusted internal networks and untrusted networks.
Market Dynamics:
- An increasing number of cyber-attacks at the enterprise level is a key driving factor for the market to grow eventually. Rise in the scale of the IT sector is also fueling the growth of the market additionally. The market is also lavished by rising in the applications which are accepted to have deployment through a cloud-based platform.
- However, lack of sufficient knowledge in utilizing the sources in the industry is restraining the demand of the market. Rapid changes in the economic strategies may have a negative impact on the growth of the market.
- Growing prevalence for the usage of the internet of things all over the world is lucratively setting up growth opportunities for the market. Rise in the disposable income in urban areas is also to accelerate the demand of the market.
SMS firewall segment is witnessed to lead the dominant shares of the market.
Based on the solution, the market is segmented into SMS firewall and signaling firewall. SMS firewall is witnessed to have tremendous growth opportunities as they are growing demand to have security over spam messages.
Professional services are to continue holding of highest shares of the market during the forecast period
On the basis of services, the market is segmented into professional and managed services. Professional services are ruling the highest shares of the market. A rise in the demand to support and maintenance of the applications are leveraging the demand of the market.
Europe is expected to rule the prominent shares of the market throughout the foremost time span
Geographically, the market is segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Europe is ruling the highest shares of the market by owing to increased capital income in most of the countries and also rise in the demand to maintain effective network functionalities. North America is positioned second in leading the highest shares of the market with the growing applications in industrial technology and also quick acceptance of the latest technology. The growing trend of A2P (application to person) messaging solutions is straightly to magnify growth opportunities in the Asia Pacific and Middle East & Africa.
Major players in the network security firewall market are Sinch, Cellusys, Adaptive Mobile Security Limited (AdaptiveMobile), Mobileum Inc (Mobileum), Tata Communication Ltd (Tata Communications), AMD Telecom S.A. (AMD Telecom), and Openmind Networks among others.
This research report includes the following segmentation for the Global Network Security Firewall Market size and forecast until 2023:
Global Network Security Firewall Market Analysis - By Solution (Revenue, USD Million, 2018 - 2023):
- SMS Firewall
- A2P Messaging
- P2A Messaging
- Signaling Firewall
- SS7 Firewall
- Diameter Firewall
Global Network Security Firewall Market Analysis - By Service (Revenue, USD Million, 2018 - 2023):
- Professional Services
- Deployment and Integration
- Consulting Services
- Support and Maintenance
- Managed Services
Global Network Security Firewall Market Analysis - By Deployment (Revenue, USD Million, 2018 - 2023):
Global Network Security Firewall Market Analysis - By Region (Revenue, USD Million, 2018 - 2023)
- North America
- Europe
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- Israel
- South Africa
- Rest of Middle East & Africa
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Microquadrant Research Methodology
2.3.1 Microquadrant: Weightage Criteria
2.3.2 Quadrant Description
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in Global Network Security Firewall Market
4.2 Global Network Security Firewall Market: Market Shares of Services and Regions, 2017
4.3 Lifecycle Analysis, By Region, 2017
4.4 Network Security Firewall Market, By Component, 2017 vs 2022
4.5 Market Investment Scenario
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Network Security and Privacy Concerns
5.2.1.2 Increasing Vulnerabilities in SS7
5.2.1.3 Administrative Regulations Encouraging the Demand for Network Security Firewall
5.2.1.4 Advancement of Digital Transformation in the Telecommunications Industry
5.2.2 Restraints
5.2.2.1 Lack of Preventive Firewall Maintenance
5.2.3 Opportunities
5.2.3.1 Increasing Adoption of Network Function Virtualization (NFV)
5.2.3.2 Lack of Unified Network Security Firewall Vendors
5.2.4 Challenges
5.2.4.1 Growing Grey Route Fraudulent Mechanism
5.3 Regulations
5.3.1 US Standard Regulatory Organizations
5.3.2 Australian Regulatory Body
5.3.3 UK CPI and Code Compliance Guide
5.3.4 Canadian Wireless Telecommunications Association (CWTA) and Mobile Marketing Association (MMA) Code of Conduct
5.3.5 Singapore Personal Data Protection Commission
5.3.6 New Zealand’s Telecommunications Interception Capability and Security Act (TICSA)
5.3.7 DEPArtment of Telecommunications and Trai
6 Global Network Security Firewall Market, By Component
6.1 Introduction
6.2 Solutions
6.3 Services
7 Global Network Security Firewall Market, By Solution
7.1 Introduction
7.2 SMS Firewall
7.2.1 A2P Messaging
7.2.2 P2A Messaging
7.3 Signaling Firewall
7.3.1 SS7 Firewall
7.3.2 Diameter Firewall
8 Global Network Security Firewall Analysis, By Service
8.1 Introduction
8.2 Professional Services
8.2.1 Deployment and Integration
8.2.2 Consulting Services
8.2.3 Support and Maintenance
8.3 Managed Services
9 Global Network Security Firewall Analysis, By Deployment
9.1 Introduction
9.2 On-Premises
9.3 Cloud
9.4 NFV
10 Geographic Analysis
10.1 Introduction
10.2 North America
10.3 Europe
10.4 APAC
10.5 MEA
10.6 Latin America
11 Company Profiles
Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments
11.1 Symsoft
11.2 ANAM Technologies
11.3 Cellusys
11.4 SAP SE
11.5 Tata Communications Limited
11.6 Adaptivemobile
11.7 AMD Telecom S.A.
11.8 Evolved Intelligence
11.9 Hewlett Packard Enterprise
11.10 Mobileum
11.11 Omobio Pvt. Ltd.
11.12 Openmind Networks
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