Network Security Firewall Market to grow by USD 3.04 Bn between 2021-2026, Rising adoption of cloud and implementation of BYOD to boost market growth - Technavio

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Oct 06, 2022, 23:00 ET

NEW YORK, Oct. 6, 2022 /PRNewswire/ -- The global network security firewall market size is expected to grow by USD 3.04 billion during 2021-2026, at a CAGR of 12.05%. The rising adoption of cloud and implementation of BYOD, the need for network security and privacy, and the advent of next-generation network security technologies are one of the major factors propelling the market growth. However, factors such as shortage of skilled workforce and lack of knowledge about threats, availability of open source and free-of-cost security firewalls may impede the market growth.

Technavio has announced its latest market research report titled Global Network Security Firewall Market 2022-2026

Global Network Security Firewall Market Driver

One of the major factors propelling the growth of the network security firewall market is the increased usage of cloud computing and the deployment of BYOD. Businesses across a range of sectors, including BFSI, manufacturing, healthcare, and retail, are embracing cloud computing technology to cut costs and boost the effectiveness of their IT infrastructure. Cloud computing setup takes very little time, allowing applications to be scaled up to meet corporate needs. The BYOD policy's implementation also boosts staff productivity. Request Free Sample Report.

Global Network Security Firewall Market Trends

One of the main network security firewall industry trends driving the market's expansion is the appearance of new products. To keep ahead of their rivals, leading suppliers in the worldwide network security firewall market are always creating and launching new technologies and solutions. This means that the adoption of network security firewalls, which will subsequently support the expansion of the market during the forecast period, is anticipated to be fueled by the rising development and launch of firewall solutions with sophisticated technologies. Buy Sample Report.

Global Network Security Firewall Market Challenge

One of the things restricting the network security firewall market's growth is the lack of competent labor and ignorance of dangers. In the last ten years, there has been a rise in cyberattacks. As a result, businesses are implementing cutting-edge security solutions, such as network security firewalls, to solve security issues. Firewalls do have some restrictions, though. The adoption of network security firewalls during the forecast period may be hampered by the increasing nature of cyberattacks and data thefts, a lack of understanding, and the constraints associated with firewalls.

Global Network Security Firewall Market Segmentation

Deployment

On-premises
Cloud-based

Geographic Landscape

APAC
Europe
MEA
North America
South America

The report identifies the growing demand for SMS Firewalls as one of the prime reasons driving the network security firewall market growth during the next few years. Download Free Sample Report.

Network Security Firewall Market Key Highlights

CAGR of the market during the forecast period
Detailed information on factors that will assist in network security firewall market growth during the next five years
Estimation of the network security firewall market size and its contribution to the parent market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of the network security firewall market, vendors

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Network Security Firewall Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 12.05%
Market growth 2022-2026	$3.04 billion
Market structure	Fragmented
YoY growth (%)	11.62
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 33%
Key consumer countries	US, Canada, China, India, UK, and Germany
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	ANAM Technologies ltd, Barracuda Networks Inc., Cellusys ltd, Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Inc., Forcepoint LLC, Fortinet Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Juniper Networks Inc., Mavenir Systems Inc., Mobileum Inc., Omobio Pvt. Ltd, Palo Alto Networks Inc., SAP SE, Sinch AB, Tata Sons Pvt. Ltd., Telefonica SA, and WatchGuard Technologies Inc.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market Overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Deployment

5.1 Market segments

Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)

5.2 Comparison by Deployment

Exhibit 26: Chart on Comparison by Deployment
Exhibit 27: Data Table on Comparison by Deployment

5.3 On-premises - Market size and forecast 2021-2026

Exhibit 28: Chart on On-premises - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on On-premises - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on On-premises - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on On-premises - Year-over-year growth 2021-2026 (%)

5.4 Cloud-based - Market size and forecast 2021-2026

Exhibit 32: Chart on Cloud-based - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Cloud-based - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Cloud-based - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Cloud-based - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Deployment

Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026

Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026

Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026

Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 UK - Market size and forecast 2021-2026

Exhibit 66: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026

Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 China - Market size and forecast 2021-2026

Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

7.12 Canada - Market size and forecast 2021-2026

Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.13 India - Market size and forecast 2021-2026

Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)

7.14 Market opportunity by geography

Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 89: Overview on factors of disruption

9.4 Industry risks

Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 91: Vendors covered

10.2 Market positioning of vendors

Exhibit 92: Matrix on vendor position and classification

10.3 Check Point Software Technologies Ltd.

Exhibit 93: Check Point Software Technologies Ltd. - Overview
Exhibit 94: Check Point Software Technologies Ltd. - Product / Service
Exhibit 95: Check Point Software Technologies Ltd. - Key offerings

10.4 Cisco Systems Inc.

Exhibit 96: Cisco Systems Inc. - Overview
Exhibit 97: Cisco Systems Inc. - Business segments
Exhibit 98: Cisco Systems Inc. - Key news
Exhibit 99: Cisco Systems Inc. - Key offerings
Exhibit 100: Cisco Systems Inc. - Segment focus

10.5 Dell Inc.

Exhibit 101: Dell Inc. - Overview
Exhibit 102: Dell Inc. - Business segments
Exhibit 103: Dell Inc. - Key news
Exhibit 104: Dell Inc. - Key offerings
Exhibit 105: Dell Inc. - Segment focus

10.6 Forcepoint LLC

Exhibit 106: Forcepoint LLC - Overview
Exhibit 107: Forcepoint LLC - Product / Service
Exhibit 108: Forcepoint LLC - Key offerings

10.7 Hewlett Packard Enterprise Co.

Exhibit 109: Hewlett Packard Enterprise Co. - Overview
Exhibit 110: Hewlett Packard Enterprise Co. - Business segments
Exhibit 111: Hewlett Packard Enterprise Co. - Key news
Exhibit 112: Hewlett Packard Enterprise Co. - Key offerings
Exhibit 113: Hewlett Packard Enterprise Co. - Segment focus

10.8 Huawei Technologies Co. Ltd.

Exhibit 114: Huawei Technologies Co. Ltd. - Overview
Exhibit 115: Huawei Technologies Co. Ltd. - Business segments
Exhibit 116: Huawei Technologies Co. Ltd. - Key news
Exhibit 117: Huawei Technologies Co. Ltd. - Key offerings
Exhibit 118: Huawei Technologies Co. Ltd. - Segment focus

10.9 International Business Machines Corp.

Exhibit 119: International Business Machines Corp. - Overview
Exhibit 120: International Business Machines Corp. - Business segments
Exhibit 121: International Business Machines Corp. - Key offerings
Exhibit 122: International Business Machines Corp. - Segment focus

10.10 Juniper Networks Inc.

Exhibit 123: Juniper Networks Inc. - Overview
Exhibit 124: Juniper Networks Inc. - Product / Service
Exhibit 125: Juniper Networks Inc. - Key offerings

10.11 Palo Alto Networks Inc.

Exhibit 126: Palo Alto Networks Inc. - Overview
Exhibit 127: Palo Alto Networks Inc. - Product / Service
Exhibit 128: Palo Alto Networks Inc. - Key news
Exhibit 129: Palo Alto Networks Inc. - Key offerings

10.12 SAP SE

Exhibit 130: SAP SE - Overview
Exhibit 131: SAP SE - Business segments
Exhibit 132: SAP SE - Key news
Exhibit 133: SAP SE - Key offerings
Exhibit 134: SAP SE - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 135: Inclusions checklist
Exhibit 136: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 137: Currency conversion rates for US$

11.4 Research methodology

Exhibit 138: Research methodology
Exhibit 139: Validation techniques employed for market sizing
Exhibit 140: Information sources

11.5 List of abbreviations

Exhibit 141: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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