World Network Security Firewall Market to Post 12.5% CAGR to 2022, Expects M&M in Its New Report Published at MarketPublishers.com02 Oct 2017 • by Natalie Aster
LONDON – Valued USD 2.66 billion as of 2017, the world network security firewall market is poised to amount to USD 4.80 billion by 2022, posting a 12.5% CAGR over the projected period.
The surging growth of interconnected devices increases the risk of security breaches, as the defrauders have found alternatives, like SMS spams and frauds, utilising grey routes to take advantage of personal details over the organisation’s network. Real-time streaming data analysis and filtering of the vulnerabilities to SS7 networks have been the main parts of the network security firewall, and firewall developers are using fraud detection methods to keep track of the traffic behaviour of the network.
The rising concerns over network security and privacy, the growing SS7 vulnerabilities, and the administrative regulations are among the factors stimulating growth of the network security firewall marketplace.
Telecom companies utilise network security firewall tools to dynamically extract traffic patterns from the packets transferred and received across the network and constantly check the network behaviour against malicious contents to report all the discovered anomalies. Meantime, the dearth of preventive firewall maintenance amid telecom companies is deemed to be key hindrance to the sector’s growth.
The North America region is poised to grab the biggest share of the network security firewall market in the foreseeable future. The main reason behind this is the novel non-stringent regulations of the US agency Federal Communications Commission (FCC).
Adaptive Mobile, Cellusys, Evolved Intelligence, Symsoft, Mobileum, Tata Communications, NAM Technologies, SAP, and Omobio, amid others, are the dominant players in the market.
New comprehensive research report “Network Security Firewall Market - Global Forecast to 2022” drawn up by M&M examines the market on a global level.
The study provides market size estimates and forecasts based on components (solutions and services), deployments, and regions. The report limelights the major factors, such as hindrances, drivers, opportunities, and challenges, affecting the growth of the market. An analysis of the regulations in the leading countries is included, too. The report offers detailed forecasts of the market size for the 5 key regions. The research study presents granular profiles of the 12 prominent market players and comprehensively canvasses their core competencies. It also keeps an eye on and analyses such competitive developments as JVs, M&As, and new product developments, in the network security firewall marketplace.
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