“Enterprise/Business Firewall Hardware Market: Global Historical
Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis
& Opportunity Evaluation”
The global market of enterprise/business firewall hardware is segmented into
industry such as e-commerce & retail, information technology, government,
telecommunication, manufacturing, healthcare and others. Further, information
technology is believed to be the fastest growing segment in overall
enterprise/business firewall hardware market by the end of 2024. This growth
of enterprise/business firewall hardware is riding on the back of rising number of
cyber-crimes. Moreover, e-commerce & retail segment is projected to showcase a
significant growth in near future.
Global enterprise/business firewall hardware market is expected to register a
CAGR of 7.2% over the forecast period. Moreover , enterprise/business firewall
hardware market is anticipated to reach at noteworthy revenue by 2024. The
market is expected to expand on the back of growing number of network security
threats such as data theft and others.
The large enterprise segment by end-user is anticipated to post a substantial
CAGR by 2024. Moreover, large enterprise segment is anticipated to account for
the largest share of revenue across the globe. Furthermore, high risk of network
security threats and heavy adoption of firewall hardware are believed to be the
major factor propelling the growth of large enterprise segment. Additionally,
rising demand for advanced security devices from large and medium enterprise is
expected to propel the of enterprise/business firewall hardware market.
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Growing prevalence of data theft
High preference for business security devices and continuous adoption of high
performing network security solutions is envisioned to boost the demand for
enterprise/business firewall hardware. Moreover, introduction of new policies
such as bring your own device (BYOD) along with growing adoption of network
security devices is also impelling the demand for enterprise/business firewall