Network Security Firewall Market To Hit USD 24.36

Dallas, Texas, Oct. 27, 2022 (GLOBE NEWSWIRE) — In order to prevent and protect corporate data, enterprises have been forced to adopt a robust security solution due to significant considerations, including the growing incidence cyberattacks in various industrial sectors. Many network security solutions, including network security firewall Related security solutions, are now more in demand as a result of this. Information can now be accessed more quickly thanks to the increase in the global penetration rate of connected devices, including handhelds and other smart gadgets. Therefore, malicious attackers now have access to sensitive data.

Network firewalls are one of the oldest product categories in the cybersecurity industry. Network firewalls were created to isolate a company’s private networks from the public Internet, similar to how firewalls isolate different areas of a structure to stop the spread of fire. Businesses could examine incoming and outgoing traffic through early firewalls. Firewalls have improved over time to include new features that allow businesses to perform in-depth traffic analysis and give them access to more active security controls.

The global network security firewall market was estimated at $3.50 billion. By 2030, it is expected to grow at a CAGR of 21.9% and reach USD 24.36 billion.

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The solution segment has dominated the global network security firewall market share, and it is expected to do so in the coming years. Due to concerns about network security and privacy, attacks have become more common. This has boosted the demand for network security and, combined with the fact that there are not many fire protection companies, has accelerated the expansion of the global network security firewall market. During the projected period, the increasing use of IoT and cloud computing is expected to open up lucrative opportunities for the growth of the global market.

This report focuses on the major players in the Global Network Security Firewall Market:

-Sinch
-Cellusys
– Adaptive Mobile Security Limited (Adaptive Mobile)
– Mobileum Inc (Mobileum)
– Tata Communications Ltd (Tata Communications)
– AMD Telecom SA (AMD Telecom)
– and Openmind Networks

Due to the presence of major network security vendors in the continent, North America holds a major share of the global network security firewall market. In recent years, the rise of the regional industry has also been aided by a surge in cyberattacks which has led to significant investments in fortifying security. Other factors contributing to the expansion of the market include rapid development of mobile security technologies, privacy concerns, increase in data breaches, increase in financially motivated cyberattacks, and growing awareness of firewall solutions . The use of network security firewall solutions in the region is the result of the collaboration of all these elements, which promotes the expansion of the market.

By component:

Solutions
Services

By Solution:

Signaling firewall
SMS Firewall

Per signaling firewall:

SS7 Firewall
Diameter of the firewall
Others

Via SMS firewall:

A2P messaging
P2A Messaging

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By Service:

professional service
Managed service

By professional service:

Deployment and integration
Consultant
Support and maintenance

By type of deployment:

On the site
Cloud
Network Functions Virtualization

Evolved Intelligence, a leading provider of risk management and homelessness management analytics solutions, was acquired by Mobileum in October 2018. Additionally, Mobileum’s position in Europe is enhanced by this acquisition. It would be built and maintained to further integrate the Mobileum Active Intelligence platform with the current Evolved Intelligence (EI) platform and architecture.

In May 2018, Vietnamobile, one of Hutchison Group’s networks, gained access to A2P managed services and leading SMS firewall from Anam and HGC. By combating SMS spam with a secure SMS infrastructure, the collaborative enterprise would increase A2P revenue and improve customer satisfaction.

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