A network security firewall
involves management of the network traffic by controlling the entrance of
threat across networks. The major benefits of network security firewalls is
to improve the network security by protecting it
against various threats such as botnets, command and control
servers, advanced persistent threats (APTs), and zero-day threats. Hence,
network firewall security will help in stopping unauthorized access to users,
which is one of the factors for growth of the market.
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Increasing demand for network
security and privacy is one of the major factors driving growth of the market
Increasing adoptions of Big Data,
IoT, cloud computing, and others have changed the scenario of business needs,
in order to promote maximum agility to achieve competitiveness. Due to this,
concerns regarding data breaches, account hijacking, unauthorised access, and
others has also increased. Hence, network security is one of the major concerns
for organizations, in order to minimize the issues related to data security.
Furthermore, network security also helps organisations in protecting critical
applications from disruption so that employees can stay on task without facing
server outages, email downtime or data loss, which helps to boost productivity.
Hence, all these features of network security helps organisations, which is
propelling growth of the network security firewall market.
Increasing demand for
administrative regulation for network security firewall is one of the major
factors propelling growth of the market
Increasing adoption of cloud
technology is one of the key factors for growth of market. According to
Coherent Market Insights’ analysis, in 2016, 58% of the workloads were already
shifted to cloud data centers, globally. Organizations have to secure their
data as it available virtually. The data is more secure in in-house data
centres rather than on a virtual cloud networks. Therefore, data security is
the one of the major restraining factor, while adopting cloud computing by
organizations. Hence, cloud-based firewalls play an important role in securing
the data, which is present on the cloud. The features delivered by cloud-based
network security firewall are email security, web filtering, manage network
traffic, and others. Hence, cloud-based segment is expected to exhibit positive
growth over the forecasted period.
The cloud-based segment is
expected to hold the largest market share in the network security firewall
market during the forecast period (2017–2025)
The cloud-based segment is
expected to have the largest market share during the forecasted period.
Increasing adoption of cloud-based solutions by organisation in industries such
as retail, BFSI, and government will require cloud-based security solution as their
data is available in the cloud network. For instance, according to the Coherent
Market Insights’ analysis, in 2012–2016 almost 59% of BFSI sector already
shifted their work load on the cloud. This is expected to lead to increasing
demand for cloud-based security solutions, in order to secure their business
infrastructures and sensitive data from cyber-attacks. Another factor
responsible for growth of cloud-based segment is increased usage of cloud-based
web and email application by organizations that need to protect their
applications from advanced threats such as ransomwares, APTs, zero-day attacks,
malwares, and unauthorized access. Hence, cloud-based segment is expected to
exhibit positive growth in the forecasted period.
Network Security Firewall: Regional
Insights
On the basis of region, the
global network security firewall market is segmented into North America,
Europe, Asia Pacific, Latin America, Middle East, and Africa. North America
accounted for the largest market share in global network security market in
2017, owing of increase number of cyber-threats across the various verticals
such as healthcare, banking and financial, and retail and manufacturing. For
instance, according to the Internet Crime Complaint Center (IC3), in 2016,
cybercrimes were valued at over US$ 1.33 billion worldwide, where California
witnessed loss of over US$ 255 million. Moreover, in 2016, about 28% of web
application attacks were recorded in the U.S., followed by the Netherlands and
Germany. Therefore, the organisation demand for newer and superior network
security solution that help in minimizing the cyber threats.
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Network Security Firewall:
Competitive Background
Key players operating in the
network security firewall are Symsoft, Anam Technologies, Cellusys, SAP SE,
Tata Communications Limited, Adaptive Mobile, AMD Telecom S.A., Evolved
Intelligence, Hewlett Packard Enterprise, Mobileum, Omobio Pvt. Ltd., and
Openmind Networks. With growing competition in the market, players are adopting
mergers & acquisitions and partnership strategies, to gain competitive
advantage in the market. For instance, in June 2016, Cellusys partnered with
Sonus Networks, Inc., to provide mobile and fixed network operating solutions,
which is a multi-layer signalling System 7 (SS7) security solution.
Therefore, this strategy provides a network protection to subscribers
from illegal tracking, call intercept, fraud and Denial of Service (DoS)
attacks.
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