ADAPTIVE MOBILE SECURITY, AMD TELECOM S.A., ANAM TECHNOLOGIES, SAP SE, CISCO SYSTEMS, INC.-PROMINENT MARKET PARTICIPANTS IN NETWORK SECURITY FIREWALL MARKET
The advanced technology is growing at a rapid pace owing to the surge in demand in the wide range of sectors. The evolving cyber-attacks has significantly increased, and the organizations are making significant investments in cyber security solutions. The increasing vulnerabilities, advancements in digital transformation, and others are making a significant impact on the network security firewall market. Organizations are making significant investments for dynamic network infrastructure which is a key factor driving the network security firewall market
Cyber-attacks across the globe are getting more frequent and sophisticated, particularly in North America and Europe. By 2025 Europe’s economic growth and competitiveness are expected to spur as the penetration of smart systems in its significant financial, and social sectors including, transportation, energy, public service, along with healthcare are expected to approach stability in the market. Furthermore, the concerned development and enforcement of these smart infrastructure is likely to contribute to evolved growth and employment of security measures subsequently. Furthermore, Asia-Pacific is also likely to get targeted by cybercriminals as compared to other regions, owing to growth in digital transformation and increasing source of vulnerability from rising IoT connectivity. There is increased in several internet users along with greater interconnectivity among 4G mobile devices and higher mobile network traffic. The rising threat of cybercrime in the APAC region is also majorly because of the lack of transparency resulting in feeble cyber enforcements and regulations.
The top five market leaders in this market include Adaptive Mobile security, AMD Telecom S.A., ANAM Technologies, SAP SE, and Cisco Systems, Inc. The above listing of top players is based on multiple factors such as overall sales, investment in technology up-gradation, and industry activities. Companies have taken several market initiatives to expand their footprint, service portfolio across the world and to fulfill the growing demand of the market. In 2019, Adaptive Mobile unveiled new and previously undetected vulnerability. This vulnerability is designed to be used for targeted surveillance of mobile phone users. In 2018, Anam Technologies announced investments from Enterprise Ireland for the global expansion and innovation in analytics and anti-fraud security.
The players present in the network security firewall market mainly concentrate on the contracts, partnerships, and collaboration, and product developments. Activities for the deployment of new technological solutions across the world is permitting these companies to maintain their brand name globally. Few of the important market initiatives from the industry are mentioned below:
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Year |
News |
Region |
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2020 |
Saudi Telecom Company (STC) selected Integrated Fraud and Security Platform for addressing rising risk of new 5G security as well as fraud threats. |
Middle East and Africa |
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2019 |
Sinch operator division secured 15 new mobile operator orders as a supplier to Ericsson, a prominent provider of mobile communication infrastructure. The licensing agreement led to the delivery of software licenses, integration projects and customer support for Short Message Service Center, SMS Firewall, Application-to-person SMS Gateway and USSD Gateway solutions to service providers in the Americas, Europe and Africa. |
Global |
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2019 |
Cisco introduces patches for holes in software for Nexus 3000, 3500, 9000 switches and for Firepower 4100 Series next-generation firewall and Firepower 9300 security appliance. |
North America |
