Network Security Firewall Market Projected to Hit $16.2 Billion by 2030

1. Network Security Firewall Market Projected to Hit $16.2 Billion by 2030

2. Network Security Firewall Market – 2023-2030 Meticulous Research®, a premier global market intelligence provider, has released a new report titled, "Network Security Firewall Market by Component (Solutions, Services), Type (Unified Threat Management, Next-generation Firewall), Deployment Mode, Organization Size, and Sector (BFSI, Retail, and Other Sectors) and Geography - Global Forecast to 2030." Download Free Sample Report: https://www.meticulousresearch.com/download-sample- report/cp_id=5065?utm_source=pdf&utm_medium=social&utm_campaign=product& utm_content=14-05-2024 Market Insights and Growth Projections According to Meticulous Research®, the global network security firewall market is projected to grow at a CAGR of 19.7%, reaching $16.2 billion by 2030. This growth is fueled by stringent government regulations, the increasing importance of network security in the BFSI sector, escalating demands for cybersecurity and privacy, and the digital transformation within the telecommunications industry. However, market expansion faces challenges such as insufficient preventive firewall maintenance and a general lack of awareness regarding network security solutions. Key Market Segments Component: The market is divided into solutions and services. Solutions are expected to hold the largest market share in 2023 due to rising cybercrime, increased R&D investments, and the comprehensive security benefits they offer. The services segment, encompassing consulting, training, support, and integration, is anticipated to grow at a higher CAGR, driven by their widespread adoption across various sectors including IT, BFSI, retail, and healthcare. Type: The segments include packet filtering, stateful inspection firewalls, next-generation firewalls, and unified threat management (UTM). UTM is projected to lead the market share in 2023 and is also expected to grow at the highest CAGR, owing to its efficacy in countering unauthorized access and data breaches. Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Network Security Firewall Market – 2023-2030 Browse in Depth: https://www.meticulousresearch.com/product/network-security- firewall-market- 5065?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_content= 14-05-2024 Deployment Mode: Segmentation into on-premises and cloud-based deployments shows that on-premise solutions will dominate in 2023 due to their control and preference among large enterprises. Conversely, cloud-based deployments are forecasted to witness the highest growth rate, propelled by their flexibility and growing adoption by SMEs. Organization Size: The market is categorized into large enterprises and small & medium- sized enterprises (SMEs). Large enterprises are set to dominate the market in 2023, supported by robust infrastructure and skilled IT personnel. However, SMEs are predicted to experience higher growth, driven by an increasing need for advanced security solutions. Sector: The IT & telecommunications sector is anticipated to hold the largest share in 2023, with significant demand for network traffic filtering and security. The healthcare sector is expected to register the highest CAGR, driven by rising data security and privacy concerns. Geographical Insights North America: Expected to dominate the market in 2023, driven by the presence of key players like Juniper Networks, Cisco Systems, and Mobileum Inc., and a high adoption rate of advanced security solutions. Request Sample: https://www.meticulousresearch.com/request-sample- report/cp_id=5065?utm_source=pdf&utm_medium=social&utm_campaign=product& utm_content=14-05-2024 Asia-Pacific: Predicted to grow at the highest CAGR, fueled by rapid economic development, increasing cybercrime rates, and heightened awareness of network security. Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Network Security Firewall Market – 2023-2030 Leading Market Players Prominent companies in the network security firewall market include Cisco Systems, Inc. (U.S.), Check Point Software Technologies Ltd. (Israel), Mobileum Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), Fortinet, Inc. (U.S.), Openmind Networks Limited (Ireland), Anam Technologies Ltd. (Ireland), Cellusys Limited (Ireland), Sophos Ltd. (U.K.), Mavenir Systems, Inc. (U.S.), Route Mobile Limited (India), SonicWall Inc. (U.S.), Enea AB (Sweden), and Forcepoint LLC. (U.S.). Buy Now: https://www.meticulousresearch.com/Checkout/87342000?utm_source=pdf&utm_med ium=social&utm_campaign=product&utm_content=14-05-2024 About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com