Network Security Firewall Market Growth, Size, Trends, Demand, Revenue and Future Outlook

Network Security Firewall Market Size- By Application, By Component, By deployment type, By SMS Firewall, By Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Network Security Firewall Market Size- By Application, By Component, By deployment type, By SMS Firewall, By Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Feb 2024 Report ID: IACT2427 Pages: 1 - 156 Formats*:     
Category : Information & Communications Technology
Network Security Firewall Market Introduction and Overview 

According to SPER Market Research, the Global Network Security Firewall Market is estimated to reach USD 14.00 billion by 2033 with a CAGR of 13.51%.

A network security firewall is a security mechanism designed to prevent unauthorised access to data on a private network is called a network security firewall. This firewall is used either as hardware, software, or a combination of the two. It is possible to isolate a particular network and its data from an external network using a network security firewall. These offer benefits including flexibility, fast data transfer, and ease of installation and are regarded as the first tier of network security. It is comparatively less expensive to include a firewall for a network than to secure each machine separately.

  • August 2022; Comcast Business and Fortinet, a pioneer in automated, integrated, and comprehensive cybersecurity solutions globally, have established a strategic alliance. Through this partnership, Comcast Business will increase its managed services expertise while providing businesses with a new set of secure access service edge (SASE) and security service edge (SSE) solutions to help them protect their distributed workforces using a cloud-delivered approach to security policy enforcement.
  • August 2022; A global agreement has been signed by NEC Corporation, a pioneer in the integration of network and IT technologies, and Fortinet, a leader in comprehensive, automated, and integrated cybersecurity solutions, to collaborate on the development of secure 5G networks for communication service providers (CSPs). Fortinet will supply its all-inclusive, best-in-class security solutions through the agreement, including FortiGate, the most widely used next-generation firewall and top-performing hyper-scale firewall in the world. Simultaneously, NEC will provide expert services based on its strong history in the telecom sector to enable the carrier-grade, long-lasting networking needed for 5G.
Network Security Firewall Market
Market Opportunities and Challenges

The market for network security firewalls has expanded rapidly in the last several years. The development of the internet, stricter laws, more connectedness, the move to cloud computing, and the expansion of e-commerce are all responsible for the historical period's growth. The growing demand for network security and privacy is projected to drive the growth of network security firewall market in coming years. Network security is a technology that protects the usefulness and integrity of a company’s infrastructure by preventing a variety of potential threats from entering or sabotaging.

Network security firewalls are essential for network protection, but they are not without problems. Firewalls have the drawback of occasionally deceiving users into believing they are secure, leading them to overlook other potential security vulnerabilities. Furthermore, by delaying network traffic, firewalls might have an impact on overall performance. Given that firewalls are primarily intended to prevent outgoing traffic, an excessive dependence on them may cause inside threats to go unnoticed. Additional security measures must be put in place since sophisticated threats like targeted attacks and zero-day vulnerabilities may be too sophisticated for modern firewalls to thwart. Tight firewall policies may also affect lawful apps and services, requiring constant adjustments to satisfy business needs.

Network Security Firewall Market


Market Competitive Landscape
To have the upper hand over their competitors, the majority of companies in the niche are putting more of an emphasis on offering superior services. Therefore, raising the calibre of the services has always been the top focus. Network security firewalls deployed in the cloud are a game-changing way for the major companies to meet the needs of regions outside of their physical reach. In addition, the emphasis is on expanding into new regions in order to take full advantage of the prospects and minimise competition. The key competitors of market are Adaptive mobile security, AMD Technologies, ANAM Technologies, Cellusys, Mobileum, NETnumber Inc., Openmind networks, Orange, SAP SE, SINCH.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Application, By Component, By Deployment Type, By SMS Firewall, By Type
 Regions covered
North America, Asia-Pacific, Latin America, Middle East & Africa and Europe

 Companies CoveredAdaptive mobile security, AMD Technologies, ANAM Technologies, Cellusys, Mobileum, NETnumber Inc., Openmind networks, Orange, SAP SE, SINCH.
COVID-19 Impact on Global Network Security Firewall Market:
Due to the COVID-19 outbreak, people all over the world had to rely on internet merchants and e-commerce websites to fulfil their purchasing demands because local malls and stores were closed. As a result, there was a greater need than ever for the banking and financial industries to make significant investments in payment gateway security in order to safeguard the growing volume of online transactions. As a result, there is a greater need than ever for network security firewall solutions to protect patient privacy and data analysis tools from cybercriminals. Additionally, in an effort to slow the COVID-19 pandemic's spread, a number of businesses started allowing their employees to work remotely. Corporate data has to be more securely protected because of these remote working arrangements. However, workers may maintain high output with simplicity of use and convenience.

Key Target Audience:
  • Enterprise Organizations
  • SMEs (Small and Medium-sized Enterprises)
  • Government Agencies
  • Financial Institutions
  • Healthcare Organizations
  • Service Providers and Managed Security Service Providers (MSSPs)
  • Cloud Service Providers
  • IT and Security Professionals
  • Manufacturing Companies
  • Retail Organizations
  • Telecommunication Companies
  • Healthcare Organizations
Our in-depth analysis of the Network Security Firewall Market includes the following segments:
By Application:
  • Financial Services
  • Medical Authorities
  • Manufacturing IT
  • By Deployment Type:
  • Network Function Virtualization
  • On- Premises
  • By Type:
  • Packet Filtering
  • Unified Threat Management
  • By SMS Firewall:
  • A2P
  • P2A Messaging
  • By Component:
  • Solution
  • Services
  • Key Topics Covered in the Report:
    • Global Network Security Firewall Market Size (FY’2023-FY’2033)
    • Overview of Global Network Security Firewall Market
    • Segmentation of Global Network Security Firewall Market By Application (Financial Services, Medical Authorities, Manufacturing IT.)
    • Segmentation of Global Network Security Firewall Market By Component (Solution and Services)
    • Segmentation of Global Network Security Firewall Market By Deployment Type(Network Function Virtualization and On-Premises)
    • Segmentation of Global Network Security Firewall Market By SMS Firewall (A2P, P2A Messaging.)
    • Segmentation of Global Network Security Firewall Market By Type (Packet filtering, unified threat management.)
    • Statistical Snap of Global Network Security Firewall Market 
    • Expansion Analysis of Global Network Security Firewall Market 
    • Problems and Obstacles in Global Network Security Firewall Market
    • Competitive Landscape in the Global Network Security Market
    • Impact of COVID-19 and Demonetization on Global Network Security Firewall Market 
    • Details on Current Investment in Global Network Security Firewall Market
    • Competitive Analysis of Global Network Security Firewall Market 
    • Prominent Players in the Global Network Security Firewall Market 
    • SWOT Analysis of Global Network Security Firewall Market 
    • Global Network Security Firewall Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Network Security Firewall Market 

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Network Security Firewall Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Network Security Firewall Market.

    7. Global Network Security Firewall Market, By Application (USD Million)
    7.1. Global Network Security Firewall Market Value Share and Forecast, By Application, 2023-2033
    7.2. Financial Services
    7.3. Medical Authorities
    7.4. Manufacturing IT

    8. Global Network Security Firewall Extract Market, By Deployment Type (USD Million)
    8.1. Global Network Security Firewall Market Value Share and Forecast, By Deployment Type, 2023-2033
    8.2.  Network Function Virtualization
    8.3.  On- Premises

    9. Global Network Security Firewall Market, By Type (USD Million)
    9.1. Global Network Security Firewall Market Value Share and Forecast, By Type, 2023-2033
    9.2. Packet Filtering
    9.3. Unified Threat Management

    10. Global Network Security Firewall Market, By SMS Firewall (USD Million)
    10.1. Global Network Security Firewall Market Value Share and Forecast, By SMS Firewall, 2023-2033
    10.2. A2P
    10.3. P2A Messaging

    11. Global Network Security Firewall Market, By Component (USD Million)
    11.1. Global Network Security Firewall Market Value Share and Forecast, By Component, 2023-2033
    11.2. Solution
    11.3. Services

    12. Global Network Security Firewall Market Forecast, 2019-2033 (USD Million)
    12.1. Global Network Security Firewall Market Size and Market Share

    13. Global Network Security Market, By Application 2019-2033 (USD Million)
    13.1. Global Network Security Firewall Market Size and Market Share By Application (2019-2026)
    13.2. Global Network Security Market Size and Market Share By Application (2027-2033)

    14. Global Network Security Market, By SMS Firewall, 2019-2033 (USD Million)
    14.1. Global Network Security Firewall Market Size and Market Share By SMS Firewall (2019-2026)
    14.2. Global Network Security Firewall Market Size and Market Share By SMS Firewall (2027-2033)

    15. Global Network Security Firewall Market, By Component, 2019-2033 (USD Million)
    15.1. Global Network Security Firewall Market Size and Market Share By Component (2019-2026)
    15.2. Global Network Security Firewall Market Size and Market Share By Component (2027-2033)

    16. Global Network Security Firewall Market, By Type, 2019-2033 (USD Million)
    16.1. Global Network Security Firewall Market Size and Market Share By Type (2019-2026)
    16.2. Global Network Security Firewall Market Size and Market Share By Type (2027-2033)

    17. Global Network Security Firewall Market, By Deployment Type, 2019-2033 (USD Million)
    17.1. Global Network Security Firewall Market Size and Market Share By Deployment Type (2019-2026)
    17.2. Global Network Security Firewall Market Size and Market Share By Deployment Type (2027-2033)

    18. Global Network Security Firewall Market, By Region, 2019-2033 (USD Million)
    18.1. Global Network Security Firewall Market Size and Market Share By Region (2019-2026)
    18.2. Global Network Security Firewall Market Size and Market Share By Region (2027-2033) 
    18.3. Asia-Pacific
    18.3.1. Australia
    18.3.2. China
    18.3.3. India
    18.3.4. Japan
    18.3.5. South Korea
    18.3.6. Rest of Asia-Pacific
    18.4. Europe
    18.4.1. France
    18.4.2. Germany
    18.4.3. Italy
    18.4.4. Spain
    18.4.5. United Kingdom
    18.4.6. Rest of Europe
    18.5. Middle East and Africa
    18.5.1. Kingdom of Saudi Arabia 
    18.5.2. United Arab Emirates
    18.5.3. Rest of Middle East & Africa
    18.6. North America
    18.6.1. Canada
    18.6.2. Mexico
    18.6.3. United States
    18.7. Latin America
    18.7.1. Argentina
    18.7.2. Brazil
    18.7.3. Rest of Latin America 

    19. Company Profile
    19.1. ADAPTIVEMOBILE SECURITY
    19.1.1. Company details
    19.1.2. Financial outlook
    19.1.3. Product summary 
    19.1.4. Recent developments
    19.2. AMD TECHNOLOGIES
    19.2.1. Company details
    19.2.2. Financial outlook
    19.2.3. Product summary 
    19.2.4. Recent developments
    19.3. ANAM TECHNOLOGIES
    19.3.1. Company details
    19.3.2. Financial outlook
    19.3.3. Product summary 
    19.3.4. Recent developments
    19.4. CELLUSYS
    19.4.1. Company details
    19.4.2. Financial outlook
    19.4.3. Product summary 
    19.4.4. Recent developments
    19.5. MOBILEUM
    19.5.1. Company details
    19.5.2. Financial outlook
    19.5.3. Product summary 
    19.5.4. Recent developments
    19.6. NET NUMBER INC.
    19.6.1. Company details
    19.6.2. Financial outlook
    19.6.3. Product summary 
    19.6.4. Recent developments
    19.7. OPEN MIND NETWORKS
    19.7.1. Company details
    19.7.2. Financial outlook
    19.7.3. Product summary 
    19.7.4. Recent developments
    19.8. ORANGE
    19.8.1. Company details
    19.8.2. Financial outlook
    19.8.3. Product summary 
    19.8.4. Recent developments
    19.9. SAP SE
    19.9.1. Company details
    19.9.2. Financial outlook
    19.9.3. Product summary 
    19.9.4. Recent developments
    19.10.   SINCH
    19.10.1. Company details
    19.10.2. Financial outlook
    19.10.3. Product summary 
    19.10.4. Recent developments
    19.11. Others 
     
    20. List of Abbreviations

    21. Reference Links

    22. Conclusion

    23. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Network Security Firewall Market is projected to reach USD 14.00 billion by 2033, growing at a CAGR of 13.51% during the forecast period.
    Network Security Firewall Market size from 2022. The Market is expected to reach USD 14.00 billion by 2033, at a CAGR of 13.51% during the forecast period.
    Network Security Firewall Market CAGR of 13.51% during the forecast period.
    Network Security Firewall Market size is 14.00 billion from 2023 to 2033.
    Network Security Firewall Market Segment is covered By Application, By Component, By Deployment Type, By SMS Firewall, By Type.
    The North America is anticipated to have the highest market share in the Network Security Firewall Market.
    "The key players in the market include Companies Covered Adaptive mobile security, AMD Technologies, ANAM Technologies, Cellusys, Mobileum, NETnumber Inc., Openmind networks, Orange, SAP SE, SINCH."
    A global agreement has been signed by NEC Corporation, a pioneer in the integration of network and IT technologies, and Fortinet, a leader in comprehensive, automated, and integrated cybersecurity solutions.
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