Network Security Appliance Market – Highlights
Network security appliances has been one of the most demanding cybersecurity solutions among enterprises from almost all industry verticals. Increased cyberattacks on network infrastructure of have triggered a great demand for network security appliances, which can efficiently provide protection to the enterprises’ network and do not degrade the systems’ performance. The demand for network security appliances have been further increased with advancements in IoT, global adoption of cloud services, and inceasing BYOD trends across the globe. Furthermore, need to meet compliance requirements and ensure security and privacy of data have further contributed in the overall growth of the market. Increasing complexity of enterprises’ network will support the continous growth of network security appliances market in the upcoming years. The network security appliances market is expected to grow with the CAGR of 10.6% from 2018 to 2023 and reach USD 13.97 billion by 2023.
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Network Security Appliance Market – Key Players:
The prominent players in global network security appliance market are Cisco Systems, Inc., Palo Alto Networks, Inc., Fortinet, Inc., Check Point Software Technologies Ltd., Symantec Corporation, Sophos Ltd., Juniper Networks, Inc., Forcepoint LLC, and Barracuda Networks, Inc.
Network Security Appliance Market – Segmentation.
The global network security appliance market is segmented into components, industry verticals, and regions.
By component, the market is segmented into product; visibility, analytics, and management software; and services. The products covered in the study are next generation firewalls (NGFWs) and unified threat management (UTM), firewalls, intrusion detection system (IDS) and intrusion prevention system (IPS), distributed denial of service (DDoS) protection, sandboxing, and web security. The services segment is furhter bifurcated into professional and managed services. The professional services covered in the study are consulting services, system integraton services, support and maintenance services, and training and education services.
By industry vertical, the market is segmented into BFSI, government and defense, IT and telecom, healthcare, retail, energy and utilities, manufacturing, and others.
By region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world.
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Network Security Appliance Market – Regional Analysis
The global market for network security appliance is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate network security appliance market during the forecast period. Presence of major players and early adoption of new solutions such as NGFWs and DDoS protection drives the network security appliance market in North America region. BFSI and government and defense are expected to support the dominance of the region as compared to other regions of the world. Healthcare industry vertical is expected to witness the highest CAGR during the forecast period.
Asia-Pacific is expected grow at the fastest rate during the forecast period. Increasing digitalization in the region and adoption of cloud and IoT technologies in the region are expected to drive the market in this region. However, budget constraints is the major restraining factor for the market in the Asia-Pacific region.
Europe is expected to grow at a stable growth rate during forecast period. Healthcare vertical is expected to drive the network security appliance market in Europe.
TABLE OF CONTENTS
Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Market Structure
Market Research Methodology
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
LIST OF TABLES
Table1 Global Network Security Appliance Market, By Country, 2018–2023
Table2 North America: Network Security Appliance Market, By Country, 2018–2023
Table3 Europe: Network Security Appliance Market, By Country, 2018–2023
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LIST OF FIGURES
Figure 1 Global Network Security Appliance Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis Of Global Network Security Appliance Market
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