Latest News- Network Security Firewall Market: On-premises is expected to lead the Deployment segment during 2025-2029

The Network Security Firewall Market is being driven by Rising adoption of cloud and implementation of BYOD

The Network Security Firewall Market is expected to grow at a CAGR of 14.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 6042.5 million. In today's business landscape, the escalating risks of cyber threats and data breaches have compelled organizations across sectors such as banking, financial services and insurance (BFSI), healthcare, telecommunications, government, and IT to invest in comprehensive security solutions. Network security firewalls, a crucial component of these solutions, help mitigate risks by identifying and blocking unauthorized network traffic, as well as isolating infected devices to prevent cyberattacks. Leading market players, including Cisco Systems Inc., are continually innovating and launching advanced network security firewall technologies and products, such as the Secure Firewall 4200 Series appliances with Threat Defence 7, to stay competitive in this dynamic market. 

Get more information on Network Security Firewall Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • On-premises
  • Cloud-based
• Type
  • Solutions
  • Services
• Application
  • Financial services
  • Retail
  • Medical authorities
  • Education authorities
  • Others
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • APAC
    • China
    • India
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising adoption of cloud and implementation of BYOD
• Increasing need for network security and privacy
• Advent of next-generation network security technologies involving integration of AI, ML, and big data analytics

However, the market also witnesses some limitations, which are as follows:

• Shortage of skilled workforce and lack of knowledge about threats
• Availability of open-source and free-of-cost security firewalls
• High cost of maintenance of network security firewalls

Benefits of Buying Global Network Security Firewall Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Network Security Firewall Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Network Security Firewall market is witnessing significant growth due to the increasing threats such as zero trust security breaches, advanced persistent threats, and endpoint security vulnerabilities. To mitigate these risks, organizations are adopting network segmentation, security analytics, threat hunting, incident response, and security automation. Additionally, security as code, security monitoring, log management, and security operations centers are becoming essential components of cybersecurity strategies. Cybersecurity insurance, disaster recovery, business continuity planning, compliance frameworks like PCI DSS and NIST Cybersecurity Framework, security awareness training, phishing simulations, social engineering, and network security testing are also key areas of focus.

Market Research Overview

The Network Security Firewall market is a significant segment of the larger Global Technology Hardware, Storage, and Peripherals Market, as identified by Technavio. This market encompasses manufacturers of firewalls, intrusion detection systems, and related network security solutions. Key components of this market include firewall rules, intrusion detection systems, packet filtering, stateful inspection, and network segmentation. The Global Technology Hardware, Storage, and Peripherals Market, in turn, is a substantial sector within the broader Information Technology Market, which includes manufacturers of cellular phones, personal computers, servers, electronic components, data storage components, and peripherals. Market growth is fueled by the increasing volume, velocity, veracity, and variety (4Vs) of data, necessitating advanced data storage solutions. The expanding number of data centers is a primary driver of demand for these solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/