Network Security Firewall Market: Size,
Opportunities, Share and Forecast to
2026
According to a new market report published by Credence Research, Inc., “Global Network Security
Firewall Market - Growth, Future Prospects and Competitive Landscape, 2018 – 2026”, the global
network security firewall market is expected to witness a growth of 10.7% CAGR during the forecast
period from 2018 to 2026.
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Product Insights:
The global network security firewall market was valued at US$ 2.73 Bn in 2017 and is expected to
witness considerable growth, expanding at a CAGR of 10.7% during the forecast period from 2018 to
2026. Increasing demand for privacy and network security is driving the overall network security
firewall market across the globe. Growing risks of data breaches is enhancing the need to add more
security and control over the network traffic. Data breaches occur almost every day and organizations
are found increasingly under attack. According to the Verizon Data Breach Investigation Report,
2016, there were nearly 100,000 security incidents reported with 3,141 confirmed data breaches
reported. Over 700 million records were lost, representing about $400Mn of financial loss to
organizations. Owing to the growing thrust of interconnected devices, risk of security has increased
and to protect the information and data from several cyber-attacks and security breaches the adoption
of network security firewalls is increasing in various organizations and is ultimately driving the growth
of network security firewalls worldwide.
Key segments covered in the report are as follows:
By Solution
SMS Firewall and Signaling Firewall
By Service
Professional Services and Managed Services
By Type
Packet Filtering Firewall,
Stateful Packet Inspection,
Circuit-level Gateways,
Proxy Firewalls,
Next Generation Firewall
By Deployment Model