By deploying next-generation firewalls, mobile network operators can secure their networks and generate revenues from legitimate A2P use cases.Ĭurrently, North America holds the largest market share of network security firewall and its development. This is attributed to increase in deployment of SMS firewall for network security, anti-spam & fraud prevention, and increased adoption of A2P messaging for monetization purpose. Moreover, increase in adoption of IoT and cloud computing is expected to provide remunerative opportunities for the expansion of the global market during the forecast period.īy solution, the SMS firewall acquired the major share in 2020, and is estimated to maintain its dominance during the forecast period.
This combined with only a handful of fire protection vendors in existence has boosted the demand for network security, thereby augmenting the growth of the global network security firewall market. Network security concerns and privacy concerns have led to increasing number of threats. In 2020, the global network security firewall market share was dominated by the solution segment, and is expected to maintain its dominance in the upcoming years. However, with convenience and ease of use, workers can sustain high productivity. These remote working conditions necessitated increased data protection for corporate data. Furthermore, during the COVID-19 pandemic, several companies instituted remote working for their workers to help reduce the spread of coronavirus. This, in turn, augmented the demand for network security firewall solutions across the globe for the sake of safety of these personal patient data and data analysis tools from cyber criminals. This created heavy responsibilities for the banking and financial sectors to invest heavily in security of payment gateways to help protect these increased numbers of online transactions. With the COVID cases on rise across the globe, the world relied on online retailers and e-commerce websites for their shopping needs, as local malls and shops remained closed amid the pandemic. In addition to limiting access to a protected computer and network, a firewall can log all traffic coming into or leaving a network, and manage remote access to a private network through secure authentication certificates and logins. Firewalls can be either hardware or software. When properly configured, a firewall allows users to access any of the resources they need while simultaneously keeping out unwanted users, hackers, viruses, worms, or other malicious programs trying to access the protected network. It accomplishes this by examining each incoming message and rejecting those that fail to meet the defined security criteria. A network firewall can be configured so that any data entering or exiting the network has to pass through it. The global network security firewall market size was valued at $3.48 billion in 2020, and is projected to reach $24.34 billion by 2030, registering a CAGR of 21.6% from 2020 to 2030. Network Security Firewall Market Statistics: 2030
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