Market Research Future has come up with the latest report on
the Global Network Security Appliance Market 2020.
It
exposes that the market expected to witness much bigger stability from the
years 2018–2023. In these years, the market’s potentiality might rise at a rate
of 10.6%, with a market value of USD 13.97 Billion by 2023. The historical
information about the market is used to provide studied forecasts about the
market’s likely growth trajectory over the forecast period. The report is an important dynamic
of the market and gives an idea of the types, the process, and value chain that
has been included in the report. Major drivers and restraints affecting the global Network
Security Appliance market are profiled in the report.
The market study also focuses on the fact that certain
factors such as heightening cyber-crime, implementation of
bring-your-own-device, and adoption of advance in technology will add new
opportunities for this market in the coming years. Surged
demand for cloud-based solutions and stringent government regulations, have
also collectively created opportunities for network security appliance market
maturity. Every aspect would have a specific impact on the security
appliances market share in the future, especially post COVID-19 outbreak.
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Industry
Players:
Palo Alto Networks, Inc., Cisco Systems, Inc., Check Point
Software Technologies Ltd., Fortinet, Inc., Sophos Ltd., Symantec Corporation,
Forcepoint LLC, Juniper Networks, Inc., and Barracuda Networks, Inc.
Market
Segmentation:
In terms of component segment, the market has included
visibility, product, analytics, and management software and services. The
products segment is the unified threat management (UTM), next-generation
firewalls (NGFWs), intrusion detection system (IDS), firewalls, and intrusion prevention
system (IPS), sandboxing, distributed denial of service (DDoS) protection, and
web security. The services segment is further bifurcated among professional and
managed services.
In terms of industry vertical segment, the market has
included government and defense, BFSI, healthcare, IT and telecom, energy and
utilities, retail, manufacturing, and others.
Regional
Analysis:
The geographical breakdown of the global network security
appliance market is studied for the main regions of Europe, North America,
Asia-Pacific, and the rest of the world.
North America region is the most advanced region in terms of
infrastructure, technology, and cybersecurity solutions adoption. Asia-Pacific region is likely to
expand at the fastest rate during the assessment period. IT & telecom
sector motivates the network security appliance market in the Asia-Pacific
region. Asia-pacific is a financially and technologically developed region with
countries such as China, Japan, and India. These countries are anticipated to
lead the network security appliance market in the Asia-Pacific region.
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Network Security Appliance Market Segmentation
8. Network Security Appliance Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
12. Financial Data
Continued....
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