Network Security Firewall Market Analysis| Historical and Future Data, Trends, Growth Opportunities: Forecast, 2023-2030

Global network security firewall market is expected to reach US$ 12.8 billion by 2030, with an annual growth rate of more than 13% , market report by RationalStat

Wilmington, Delaware, Sept. 22, 2023 (GLOBE NEWSWIRE) —

Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global network security firewall market include,

• In September 2022, Netskope launched enhancements to the cloud firewall solution.
  • The company states that the firewall-as-a-service (FWaaS) component of its converged SASE platform is designed to help customers simplify operations, prevent threats, and provide consistent firewall coverage worldwide anywhere their users are located.
• In August 2022, Comcast Business established a strategic alliance with Fortinet, a pioneer in all-encompassing, integrated, and automated cybersecurity solutions.
  • With the help of a cloud-delivered approach to security policy enforcement, this partnership will give businesses a fresh set of secure access service edge (SASE) and security service edge (SSE) solutions to assist them in protecting their distributed workforces and increase Comcast Business’s managed services expertise.

Some of the prominent players and suppliers operating and contributing significantly to the global network security firewall market growth include Palo Alto Networks, Inc., Fortinet Inc., Check Point Software Technologies Ltd., Juniper Networks, Inc., Dell Inc., Sophos Ltd., Cisco Systems Inc., Broadcom Inc., Barracuda Networks, Inc., Huawei Technologies Co. Ltd., Cellusys Limited, Openmind Networks, Route Mobile Ltd., Protectstar Inc., Akamai Technologies, Forcepoint, IBM Corp., CrowdSec, Perimeter 81, Zscaler Inc., Mobileum, Sinch, Nomios USA Inc., BroadForward BV, F5 Inc., Mavenir, Oracle Corp., Syniverse Technologies LLC, Ribbon Communications Operating Company, Inc., and teleSys Software, Inc. among others.

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RationalStat has segmented the global network security firewall market based on component, type, deployment mode, organization size, business function, industry vertical and region

• Global Network Security Firewall Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Component
  • Solutions
    • SMS Firewall
      • A2P Messaging
      • P2A Messaging
    • Signaling Firewall
      • SS7 Firewall
      • Diameter Firewall
      • GTP Firewall
      • Others (SIP Firewall, etc.)
  • Services
    • Professional Services
    • Managed Services
• Global Network Security Firewall Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
  • Conventional Firewall
  • Intelligent/Smart Firewall
• Global Network Security Firewall Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Deployment Mode
  • On-premises
  • Cloud
    • Public
    • Private
  • Hybrid
  • Network Function Virtualization (NFV)
• Global Network Security Firewall Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Organization Size
  • Large Enterprises
  • Small and Medium Enterprises (SMEs)
• Global Network Security Firewall Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Business Function
  • Packet Filtering
  • Stateful Packet Inspection
  • Next-Generation Firewall
  • Unified Threat Management
• Global Network Security Firewall Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Industry Vertical
  • IT & Telecom
  • Banking, Financial Services & Insurance (BFSI)
  • Oil & Gas
  • Healthcare
  • Government & Defense
  • Retail
  • Manufacturing
  • Energy & Power
  • Logistics
  • Others (Education, etc.)
• Global Network Security Firewall Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
  • North America Network Security FirewallMarket
    • US
    • Canada
  • Latin America Network Security FirewallMarket
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe Network Security FirewallMarket
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe Network Security FirewallMarket
    • Russia
    • Poland
    • Hungary
    • Other CIS Countries
    • Rest of Eastern Europe
  • Asia Pacific Network Security FirewallMarket
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN
      • Indonesia
      • Thailand
      • Philippines
      • Vietnam
      • Malaysia
      • Rest of ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa Network Security FirewallMarket
    • GCC
      • Saudi Arabia (KSA)
      • United Arab Emirates (UAE)
      • Rest of the GCC
    • South Africa
    • Nigeria
    • Turkey
    • Rest of the Middle East & Africa

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Key Questions Answered in the Network Security Firewall Report:

• What will be the market value of the global network security firewall market by 2030?
• What is the market size of the global network security firewall market?
• What are the market drivers of the global network security firewall market?
• What are the key trends in the global network security firewall market?
• Which is the leading region in the global network security firewall market?
• What are the major companies operating in the global network security firewall market?
• What are the market shares by key segments in the global network security firewall market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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