Market Overview:
As businesses begin to reposition after Coronavirus lockdowns, Market Research Future has come up with the latest report on the Global Network Security Appliance Market 2020. It reveals that that market could witness much bigger stability from the years 2018–2023. In these years, the market’s potentiality might rise at a rate of 10.6%, with a market value of USD 13.97 Billion by 2023. It could be the great achievement of the market to see the future amidst COVID 19 pandemic across the world.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7054
Top Impacting Factors
MRFR identifies that rising cyber-attacks and cybercrimes, mounting vulnerabilities in SS7 are the substantial drivers that help in swelling the growth of the network security appliance market. The study also focuses on the fact that certain factors such as heightening cyber-crime, implementation of bring-your-own-device, and adoption of advance in technology will add new opportunities for this market in the coming years.
Other factors, such as surged demand for cloud-based solutions and stringent government regulations, have also collectively created opportunities for Network Security Appliance Market maturity. However, every factor would have a definite impact on the security appliances market share in the future, especially post COVID-19 outbreak.
In fact, cloud computing is also being widely implemented owing to its powerful and flexible infrastructure possibility. Several organizations are moving to the cloud to streamline the storage of data, as cloud provides remote server access on the Internet, which by advance, facilitates access to infinite computing power. Besides, the adoption of the cloud enables organizations to combine supplementary infrastructure technologies such as software-defined perimeters to create robust and highly secure platforms, thus bolstering the market to a great extent.
Despite these factors, factors such as complex structure and deficiency of preventive firewall maintenance may act as a restraining factor for the Network security appliances market during the forecast period.
Network Security Appliance Market – Segmentation
The global network security appliance market is segmented into industry verticals, components, and regions.
Based on the component, the market is divided into the product, visibility, analytics, and management software; and services. The products covered in the study are firewalls, next-generation firewalls (NGFWs) and unified threat management (UTM), intrusion detection system (IDS) and intrusion prevention system (IPS), sandboxing, distributed denial of service (DDoS) protection, and web security. The services segment is further bifurcated into professional and managed services. The professional services covered in the study are consulting services, support and maintenance services, system integration services, and training and education services.
Based on the industry vertical, the market is segmented into government and defense, BFSI, IT and telecom, retail, healthcare, energy and utilities, manufacturing, and others.
Key Players
The well-known players in network security appliance market are listed as Palo Alto Networks, Inc., Cisco Systems, Inc., Check Point Software Technologies Ltd., Fortinet, Inc., Sophos Ltd., Symantec Corporation, Forcepoint LLC, Juniper Networks, Inc., and Barracuda Networks, Inc.
Network Security Appliance Market – Regional Analysis
The geographical analysis of the global network security applicance market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East, and Africa).
North America is poised to be the leading market in the network security appliance market during the forecast period. North America region is considered the most developed region in terms of technology, infrastructure, and adoption of the cybersecurity solutions. The presence of major vendors and faster adoption of new network security solutions such as NGFW and DDoS protection fuels the network security appliance market in the North America region. The US is projected to be the leading country in the network security appliance market in the North America region over the assessment period.
Asia-Pacific is expected to grow at the fastest rate through the review period. IT & telecom sector drives the network security appliance market in the Asia-Pacific region. Asia-pacific is economically and technologically developed region and countries such as Japan, China, and India are anticipated to dominate the network security appliance market in the Asia-Pacific region. Budget restraints in the enterprises to spend sufficiently on cybersecurity solutions are projected to hinder the growth of the market in the Asia-Pacific region.
Get Complete Report @ https://www.marketresearchfuture.com/reports/network-security-appliance-market-7054
About Us:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
Media Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
