The global network security firewall market size is expected to grow from US$ 5.25 billion in 2023 to US$ 23.81 billion by 2031; it is anticipated to expand at a CAGR of 20.8% from 2024 to 2031. The integration of artificial intelligence (AI) and machine learning (ML) technologies is likely to remain a key network security firewall market trend.
The growing need for robust network security and privacy measures is a key driver for the network security firewall market. Organizations across various industries are increasingly investing in network security solutions to protect their sensitive data and prevent unauthorized access.
A network security firewall is a vital component in safeguarding a business's digital infrastructure against cyber threats. It acts as a barrier between an internal network and external networks, such as the Internet, by monitoring and controlling incoming and outgoing network traffic. This firewall solution ensures that only authorized and secure data packets are allowed to pass through while blocking potentially harmful or malicious traffic. In practical terms, a network security firewall functions by examining each data packet that enters or leaves the network. It analyzes the packet's source, destination, and content, comparing it against predefined security rules and policies. These rules can be configured to allow or deny specific types of traffic based on factors such as IP addresses, port numbers, protocols, or application signatures.
The increasing demand for robust network security and privacy measures is driven by the need to protect sensitive data and prevent unauthorized access. Organizations across various industries are recognizing the importance of investing in network security solutions to safeguard their valuable information. Network security involves creating a strategic defensive approach to secure an organization's data and resources across its network. It protects against potential threats and unauthorized access, regardless of the organization's size, industry, or infrastructure. By implementing network security measures, organizations can ensure the confidentiality, integrity, and availability of their data.
SS7, or Signaling System No. 7, is a signaling protocol used in telecommunication networks to exchange information needed for passing calls and text messages between networks and to ensure correct billing. However, the discovery of new vulnerabilities in SS7 has raised concerns about network security and privacy. Attackers can exploit these vulnerabilities to perform malicious activities such as data theft, eavesdropping, text interception, location tracking, fraud, and denial of service. As a result, organizations are increasingly investing in robust firewall solutions to protect their networks from these risks. SS7 networks were initially designed as closed, trusted systems between telecommunications providers. However, with the proliferation of mobile devices and applications, additional communication protocols were layered on top of SS7, creating entry points for potential attacks. Hackers can exploit security vulnerabilities in the SS7 protocol to gain unauthorized access to the system, enabling them to intercept voice calls text messages, and even track the location of mobile phone users.
Key segments that contributed to the derivation of the network security firewall market analysis component, and deployment.
The geographic scope of the Network Security Firewall market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America dominated the network security firewall market in 2023. North America is poised to dominate the network security firewall market in terms of revenue in the foreseeable future, driven by the rapid advancements in mobile security technologies within the region. This dominance is primarily attributed to the substantial investments made in data security as a response to the significant increase in cyber-attacks. In recent years, numerous organizations in North America have fallen victim to cyberattacks, prompting a heightened awareness of the importance of firewall solutions. As a result, major companies across various regional sectors have embraced the adoption of firewall technologies, thereby fueling the growth of the market.
The regional trends and factors influencing the Network Security Firewall Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Network Security Firewall Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 5.25 Billion |
| Market Size by 2031 | US$ 23.81 Billion |
| Global CAGR (2024 - 2031) | 20.8% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Component
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| Regions and Countries Covered | North America
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| Market leaders and key company profiles |
The Network Security Firewall Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Network Security Firewall Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The network security firewall market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
(Source: SAP SE, Press Release, 2023)
The "Network Security Firewall Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
The global network security firewall market is expected to reach US$ 23.81 billion by 2031.
The key players holding the majority of shares in global network security firewalls are Adaptive Mobile Security, AMD Telecom SA, ANAM Technologies, Cellusys, and Cisco Systems, Inc.
The integration of artificial intelligence (AI) and machine learning (ML) technologies is likely to remain a key network security firewall market trend.
The adoption of e-learning technologies, such as mobile learning devices, student information systems, lecture capture, and learning management systems (LMS), is driving the growth of the Network Security Firewall market.
The network security firewall market size is expected to grow from US$ 5.25 billion in 2023 to US$ 23.81 billion by 2031; it is anticipated to expand at a CAGR of 20.8% from 2024 to 031.