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  • 10 September 2019 23:11

Enterprise Network Firewall Market Analysis

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis

Enterprise network firewall is the network security helps in the improving the network security. Network firewall is the ideal place to employ the enterprise network security policy with predetermined security rules. It is an integrated network choke point which prevents potentially vulnerable services either from leaving or entering the network. It also helps in preventing the unauthorized users and provides the protection from various IP spoofing and routing attacks. These are designed as per the requirement of the people. In near future, the demand for the enterprise network firewall will increase due to increasing number of cyber crime.

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Market Dynamics

The global enterprise network firewall market is majorly driven by increasing importance to minimize the network security risks across the organization. Rapidly expanding business activities, increasing investment to enhance network security, and increasing incident of the cyber crime has driven the growth of the market. Additionally, adoption of the IoT devices, use of the technology and continuous development in the software’s and security platforms has fuelled the growth of the market.

However, this type of security applications are too costly and requires the well trained person. Owing to the high cost of the products they are not affordable to the small business which is the major factor restraining the growth of the market. The major challenge for the market is to minimize the cost of the software’s and services as the majority of the business is small scale ones.

Market Classification and Overview

The global enterprise network firewall market is segment into type, components, deployment model, and region.

On the basis of type, the market is segmented into conventional firewall, next generation firewall (NGFW), application firewall, and other.

Based on components the market is categorized into hardware, software, and services. Services are further segmented into managed services, design & consulting, integration & deployment, and others.

Based on the deployment model, the market is segmented into On Premise, and Cloud Based.

Regional Overview

On regional basis, the global enterprise network firewall market is segmented into 4 major regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA).

North America dominates the global enterprise network firewall market owing to developed IT sector, well develop infrastructure, and huge spending power of the people. Additionally, huge government support and availability of the funds for the research and development has fuelled the growth of the market. Europe accounts for the second major share holder for the market followed by Asia Pacific. Asia Pacific enterprise network firewall market is expecting a steady growth. In near future the market for the Asia Pacific and LAMEA is expecting a huge potential due to the presence of huge untapped market.

Market Participants

The global enterprise network firewall market comprises of some of the major players such as AlgoSec, Cisco Systems, McAfee, AhnLab, Imperva, Dell SonicWall, Barracuda Networks, Stormshield, PaloAlto Networks, Huawei, Fortinet, Juniper Networks, New H3C, GreyHeller, and WatchGuard.

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