North America Network Security Firewall Market to Grow at a CAGR of 9.6% to reach US$ 2414.0 Million from 2020 to 2027

The Network Security Firewall Market in North America is expected to grow from US$ 1067.7 Mn in 2018 to US$ 2414.0 Mn by 2027; it is estimated to grow at a CAGR of 9.6% from 2019 to 2027.

The US, Mexico, Canada are main countries in North America. Substantial growth in SMS firewall demand would drive the market. The SMS landscape is transforming at a quick pace, where SMS firewall has captured a prominent position in terms of establishment of sufficient A2P SMS monetization strategy, and equipping them with network analysis and protection competences. The demand for SMS security firewall over the cast of time has spawned various providers, offering mobile operators a variety of value propositions and vendors to choose solutions.  As the SMS prevails to be a critical factor for revenue generation, the operators across the world are focusing on technological modifications in order to deal with threats like spams/spoofs and fraudulent activities. Therefore, the rising security and privacy concerns among the industry players is expected to drive the demand for SMS firewall, subsequently contributing to the network security firewall market. Therefore, the rising security and privacy concerns among the industry players is expected to drive the demand for SMS firewall, subsequently contributing to the North America network security firewall market. Furthermore, the threat of coronavirus resulting the disease COVID-19 is expected to have disruptive impact on the economy of US and Canada. It has disrupted the global supply of goods resulting the US companies to fulfill the orders. It has resulted to reduced labor on supply side, slowdown in the demand for products, and services other side. According to the Center for Strategic and International Studies, owing to COVID-19 impact, the US would experience contraction in GDP in the second quarter. Further, as per the US Conference on Trade and Development (UNCTAS), foreign direct investment (FDI) flows could fall between 5% and 15% to their lowest levels since the 2008–2009 financial crisis. Due to the shutdown of businesses and the fall in the demand of network security firewall in the first quarter of 2020, the market is significantly impacted. Moreover, due to the falling GDP, the market will have negative impact on the growth rate of network security firewall market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the network security firewall market. The North America network security firewall market is expected to grow at a noticeable CAGR during the forecast period.

North America Network Security Firewall Market Segmentation

North America Network Security Firewall Market – By Component

• Solution

• •  SMS
    • A2PSMS
    • P2ASMS
  • Signalling
    • SS7
    • Diameter

• Services

North America Network Security Firewall Market – By Deployment

• On premise
• Cloud

North America Network Security firewall Market- by Country

• US
• Canada
• Mexico

North America Network Security Firewall Market-Companies Mentioned

• Adaptive Mobile security
• AMD Telecom S.A.
• ANAM Technologies
• Cellusys
• Cisco Systems, Inc.
• Mobileum Inc.
• Openmind Networks
• SAP SE

• Symsoft AB (Sinch)

North America Network Security Firewall Report Scope