Value of Network Security Firewall Market 12.5% CAGR to 2022 Led by North America

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Sep 15, 2017, 10:00 ET

PUNE, India, September 15, 2017 /PRNewswire/ --

The network security firewall market is forecast to reach $4.80 billion by 2022 from $2.65 billion in 2017 at a CAGR of 12.5% during (2017-2022) driven by the growing network security and privacy concerns, the increase in Signaling System 7 (SS7) vulnerabilities, and the advancements in digital transformation in the telecommunication industry says a newest report at ReportsnReports.com.

Browse 61 Market Data Tables and 42 Figures spread through 121 Pages and in-depth TOC on "Network Security Firewall Market by SMS Firewall (A2P and P2A Messaging), Signalling Firewall (SS7 and Diameter), Service (Professional and Managed), Deployment Type (On-Premises, Cloud, and NFV), and Region - Global Forecast to 2022" http://www.reportsnreports.com/reports/1185813-network-security-firewall-market-by-sms-firewall-a2p-and-p2a-messaging-signalling-firewall-ss7-and-diameter-service-professional-and-managed-deployment-type-on-premises-cloud-and-nfv-and-region-globa-st-to-2022.html .

North America is expected to hold the largest market share in the network security firewall market during the forecast period. North America is expected to have the largest market size and Middle East and Africa (MEA) is projected to grow at the highest rate during the forecast period. The primary reason behind this movement is the new non-stringent regulations of US telecom regulatory body, Federal Communications Commission (FCC). The regulation made by this regulatory body are less stringent as compared to old administration, by rolling back several stringent regulations of the previous regime, FCC benefited most of the telecom operators to choose and implement new services and solution. According to NASDAQ, the 4G LTE wireless penetrations is currently 83% in North America; this can primarily be attributed to most of the carriers' intention to upgrade to the 5G wireless network standard, which requires massive investment.

The MEA region is expected to witness a significant growth in the network security firewall market, as telecom operators are implementing firewall solutions across their networks. The adoption of mobile phones and smart phones is on the rise in the region and has provided mobile network operators an extensive subscriber base in MEA. This region is one of the leading markets for messaging solutions and the telecommunications sector due to network upgradations, which are driving investments in the region. According to the Fire Eye Dynamic Threat Intelligence (DTI) report, organizations in the regions of UAE, Saudi Arabia, and Qatar were attacked by various kinds of network threats, frauds, and SMS spoofs.

Inquire for Discount on Network Security Firewall Market by SMS Firewall (A2P and P2A Messaging), Signalling Firewall (SS7 and Diameter), Service (Professional and Managed), Deployment Type (On-Premises, Cloud, and NFV), and Region - Global Forecast to 2022 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=1185813 .

The A2P messaging segment is expected to have largest network security firewall market size during the forecast period. The demand for A2P messaging has been witnessing a strong growth across the telecom domain. The verticals, such as Banking, Financial Services, and Insurance (BFSI), government, healthcare, and e Commerce are adopting A2P messaging for communication purposes. Telecom operators provide A2P messaging for marketing and promotional messages, authenticate the customer, and send One Time Passwords (OTPs) and notifications. With the proliferation of smart phones and tablets across communication industry and their increased usage by individual customers, it has become very easy for mobile network operators to interact directly with their customers through SMS. In addition, IoT has the potential to create new business models for the Application-to-Person (A2P) messaging type.

The network security firewall market includes various major vendors, such as Sym soft, Cell usys, Adaptive Mobile, Evolved Intelligence, Mobileum, Tata Communications, AMD Telecom S.A., Open mind Networks, ANAM Technologies, SAP, Omobio, and HPE.

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The signalling firewall segment is expected to grow at the highest CAGR during the forecast period. Based on the network vulnerabilities, the signalling firewall is further segmented into SS7 and diameter firewall. The SS7 firewall helps telecom service providers detect and protect against the SS7 vulnerabilities, such as user location tracking, fraud, Denial of Service (DoS), or even call interception. The diameter firewall helps mobile network operators to prevent their Long-Term Evolution (LTE) network against malicious attacks and illicit messages. This firewall monitors and filters the Internet Protocol (IP) packets received over the LTE networks from other LTE or Global System for Mobile communication (GSM) networks, and protects the operators against the anomalous data packets received from unauthorized networks. The growth in the signalling firewall solutions is attributed to the fact that there has been a significant increase in the number of diameter attacks in the telecom industry.

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (30%), Tier 2 (40%) and Tier 3 (30%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (72%), Director Level (14%), and Others (14%) from various key organizations operating in the network security firewall market. The primary interviews were conducted worldwide covering regions such as North America (57%), Europe (14%), and Asia-Pacific (29%).

Another research titled SMS Firewall Market Global Forecast to 2022 says, the SMS firewall market size is expected to grow from $1.73 billion in 2017 to $2.82 billion by 2021, at a CAGR of 10.4%. A2P messaging segment is expected to grow at a higher rate during the forecast period. Cloud messaging platform is expected to witness a higher growth rate during the forecast period. Asia Pacific (APAC) is expected to dominate the SMS firewall market during the forecast period. Companies such as AMD Telecom S.A. (Greece), Anam Technologies (Ireland), Cellusys (Ireland), Mahindra ComViva (India), SAP (Germany), Tata Communications (India), BICS (Belgium), Infobip (UK), Omobio (Sri Lanka), Route Mobile Limited (India), Symsoft (Sweden), Syniverse Technologies (US), AdaptiveMobile (Ireland), Twilio (US), tyntec (UK), Cloudmark (US), Global Wavenet (Australia), Mobileum (US), NetNumber (US), Openmind Networks (Ireland), Tango Telecom (Ireland), TeleOSSco Software Private Limited (India), Defne (Turkey), HAUD (Malta), Monty Mobile (Lebanon), NewNet Communication Technologies (US) have been profiled in this 145 pages research report available at http://www.reportsnreports.com/reports/1062919-sms-firewall-market-by-sms-type-a2p-messaging-and-p2a-messaging-sms-traffic-sms-exchange-and-international-exchange-messaging-platform-cloud-and-traditional-service-type-professional-and-managed-organiza-st-to-2022.html .

Explore more reports on IT & Telecommunication Market at http://www.reportsnreports.com/market-research/information-technology/ .

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