Network Security Firewall Market Scope, Analysis, and Trends by 2031
Network Security Firewall Market Report Scope
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
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Network Security Firewall Market News and Recent Developments
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:
- In March 2023, XM Cyber, a prominent player in the field of hybrid cloud security, unveiled its strategic collaboration with SAP. By harnessing the advanced features of XM Cyber's Exposure Management Platform and its cutting-edge attack-path technology, this partnership aims to assist businesses that rely on SAP solutions such as RISE with SAP and SAP eCommerce Cloud in smoothly transitioning their data and workflows to the cloud while minimizing risks and ensuring uncompromised security. This collaboration empowers SAP customers to leverage XM Cyber's exposure management technology, enabling them to gain comprehensive visibility across their entire attack surface, encompassing both on-premise and cloud environments. Consequently, businesses can proactively detect and neutralize potential threats before they materialize, safeguarding their critical assets and operations.
(Source: SAP SE, Press Release, 2023)
Network Security Firewall Market Report Coverage and Deliverables
The "Network Security Firewall Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles