Global Enterprise Firewall Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz, in its upcoming report titled, “Global Enterprise Firewall Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global enterprise firewall market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global enterprise firewall market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global market report has been segmented on the basis of firewall type, services, deployment method, organization size, industry verticals, and region. The global enterprise firewall market was valued at US$ X billion in 2016, and is expected to reach US$ X.X billion at a high double-digit CAGR of XX.X% over the forecast period.
Firewall is the network security system which controls the network traffic incoming and outgoing according to the set of defined rules. Enterprise firewall solutions are essential to protect organizations from potential cyber threats. Firewall acts as a middle layer between trusted and untrusted networks and filters the network traffic based on the predefined firewall policy. Enterprise firewalls are used for a group of devices within an enterprise. In terms of technology, the enterprise network firewall market is a continuous evolving market coupled with expanding level of vulnerability and changing communication technology.
Increasing external and internal threats is a key driving factor for enterprise firewall market growth. Other major growth driving factors include cloud computing, low market penetration in small and medium organizations and increase in workforce mobility. Additionally, multiple functionalities and benefits of Next Generation Firewall (NGFW) systems such as centralized data management, user identification, web & deep packet filtering, enhanced IPS solutions and application control is further expected to drive the enterprise firewall market. Rising inclination towards the use of Software-as-a- services (SaaS) which is cost effective is another factor supporting growth of the global enterprise firewall market.
However, budgetary constraints, slow rate of adaptation to new technologies and high preference for unified threat management (UTM) from small and medium enterprises are the factors identified as restraints likely to hinder growth of the global enterprise firewall market.
North America is expected to dominate the enterprise firewall market, due to high preference for business security and continuous adoption for high performing network security solution. In terms of revenue, Asia Pacific is identified as the fastest growing enterprise network firewall market, due to expanding enterprise networks and increasing security challenges in the region.
Global enterprise firewall segmentation by type of firewall:
- Conventional firewall
- Application firewall
- Next Generation Firewall (NGFW)
Global enterprise firewall segmentation by service:
- Appliances (Hardware and Virtual based)
- Professional services (Managed services, design and consulting, Integration and deployment, training deployment and education)
Global enterprise firewall segmentation by deployment method:
Global enterprise firewall segmentation by organization size:
Global enterprise firewall segmentation by industry verticals:
- Government & Public Utilities
- Retail & Manufacturing
- Media & entertainment
- Others (agriculture, transport and logistics, and oil and gas)
Global enterprise firewall segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Check Point Software Technologies
- Cisco Systems
- Juniper Networks
- Palo Alto Networks
- Barracuda Networks
- Dell SonicWALL
- Extreme Networks
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