What is Enterprise Firewall Market Scope?
The growing need for information security in the internet world will help to fuel the global enterprise firewall market. Enterprise firewall solutions are necessary to safeguard organizations from possible cyber threats. Critical information travels through communication networks of organizations and firewall solutions protect it from external and internal cyber threats. The enterprise firewalls are positioned on the border of a network to execute a security strategy, by rejecting or permitting certain network traffic. Moreover, various functionalities, as well as welfares of Next Generation Firewall (NGFW) systems including centralized data management, web & deep packet filtering, user identification, application control, and superior IPS solutions, is further anticipated to drive the global enterprise firewall market.
The Enterprise Firewall market study is being classified by Type (Conventional Firewall, Application Firewall and Next Generation Firewall (NGFW)), by Application (Appliances [Hardware and Virtual based], Software and Professional Services [Managed Services, Design, and Consulting, Integration and Deployment, Training and Education]) and major geographies with country level break-up. According to AMA, the Global Enterprise Firewall market is expected to see growth rate of 9.44%
On 12th October 2018, Palo Alto Networks, the global cybersecurity leader has acquired RedLock Inc., a cloud threat defense company. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Enterprise Firewall market throughout the predicted period.
Palo Alto (United States), Imperva (United States), Sophos (United Kingdom), Dell (United States), Cisco (United States), Microsoft (United States), Zoho Corp (India), CheckPoint technologies (Israel), McAfee (United States) and Juniper Networks (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Fortinet (United States), AlgoSec (United States) and WatchGuard (United States).
Analyst at AMA have segmented the market study of Global Enterprise Firewall market by Type, Application and Region.
On the basis of geography, the market of Enterprise Firewall has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their development strategies
On 12th February 2019, Palo Alto Networks, the global leading cybersecurity provider has upgraded to PAN-OSģ version 9.0 will get access to these new security capabilities, over 60 new features and new tools for easily implementing security best practices.
Influencing Market Trend
- High Demand for Software-as-a-service (SaaS)
- Growing Adaptation of New Technologies Including Mobilization of Work Force
- New Policies Adopted By Enterprises Such As Bring Your Own Device (BYOD)
- High Demand for Dedicated Networks Offering Additional Functions
- Increasing Demand for Cloud-Based Solutions Due To Its Real-Time As Well As Cost-Effective Solution
- Rising Number of External and Internal Threats
- Huge Demand in Small and Medium Organizations
- Cost Effective and Customized Firewall Solutions
- Single Vendor Firewall Installation
- Lack of Awareness about the Network Security
- High Inclination for Unified Threat Management (UTM) From SMBs
- Continuous Enhancement in the Number of Web Applications Impacting the Policy Configuration of Firewall Setup
Key Target AudienceSecurity Providers, Technology Developers, Industry Association Related to Enterprise Firewall, Government Regulatory Bodies, Government and Private Research Organization and Others
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