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(USGovernment-News.Com, July 03, 2018 ) The Global Network Security Firewall Market is accounted for $3.15 billion in 2017 and is expected to reach $9.41 billion by 2026 growing at a CAGR of 12.9% during the forecast period. Factors such as privacy concerns and increasing demand for network security firewall, vulnerability growth in SS7 and rapid developments in digital transformation in telecommunication industry are favoring the market growth. However, lack of preventive firewall maintenance is a major restraining factor hampering the market. Moreover, lack of unified network security firewall vendors and growing scope for NFV are providing some significant growth opportunities for the market over the forecast period.
Some of the key players of the Network Security Firewall market include:
ANAM Technologies, SAP SE, Adaptivemobile, Evolved Intelligence, Mobileum, Openmind Networks, AMD Telecom S.A., Cellusys, Symsoft, Tata Communications Limited, Hewlett Packard Enterprise, Omobio Pvt. Ltd.
Based on the solutions, SMS firewall segment is projected to grow with a largest market share owing to the growth of the mobile subscribers that has fuelled the growth of the SMS firewall solution. Application-to-Person (A2P), Person-to-Application (P2A), and Person-to-Person (P2P) messaging are the types of text messages used commonly. The SMS firewall addresses most of the concerns of the MNOs, such as grey route messaging, anti-spam, and illicit traffic. The vulnerabilities in the MNO signaling systems are threatening the user’s privacy and can lead to user location tracking, fraud, Denial of Service (DoS), or even call interception.
North America is estimated to be the largest market during the forecast period due to the region has the presence of major sustainable and well-established companies, the region comprises countries such as the US and Canada, which are witnessing a phenomenal adoption of network security firewall solutions.
Furthermore, consumption market share for each application is offered in the research for 2017 in a tabular format. Regional analysis is discussed in terms of current market status and growth prospects for the period, 2012–2023. Geographies analyzed in the study are North America, Europe, Asia Pacific, South America and Middle East & Africa. Statistics on revenue and growth rate for each region are mentioned with the help of figures for the historic period and the forecast period.
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