Network Security Firewall Market to 2027 - Global Analysis and Forecasts By Component (Solution (SMS Firewall (A2P SMS, P2A SMS), Signaling Firewall (SS7 Firewall, Diameter Firewall)), and Services); Deployment Mode (On-Premises, On-Cloud)
The global Network Security Firewall market is accounted to US$ 3,525.0 Mn in 2018 and is expected to grow at a CAGR of 13.1% during the forecast period 2019 - 2027, to account to US$ 10,531.1 Mn by 2027. The global Network Security Firewall market is experiencing steady growth in the forecast period. Cybersecurity industry in the country is highly advanced in terms of the know-how and volume of local industry professionals. Moreover, recent incidences, including enterprise-level cyber-attacks and international cyberwarfare, have augmented awareness of cybersecurity threats and have boosted demand for cybersecurity products. The need for better security solutions remains significant for an extensive range of IT sectors, such as business analytics; cloud computing; mobile computing; and social media. Also, automotive systems' vulnerability to hacking remains a concern is responsible for boosting the entire Network Security Firewall market.
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A key trend which will predominantly affect the Network Security Firewall market in the coming years is the Emergence of network security threats and attacks, and Network threat caused by the widespread