The Network Security Firewall Market was estimated to be worth $3.48 billion in 2020 and is anticipated to grow to $24.34 billion by 2030, representing a CAGR of 21.6%.
By encouraging maximal agility to achieve competitiveness, the increased usage of cloud computing, big data, and the Internet of Things has changed the corporate landscape. Due to this, nevertheless, worries about unauthorized access, data breaches, and account theft have significantly increased in recent years. Network security firewalls have consequently emerged as one of the most crucial solutions for companies looking to lower data security concerns.
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By solution, the SMS firewall acquired the major share in 2020, and is estimated to maintain its dominance during the forecast period. This is attributed to increase in deployment of SMS firewall for network security, anti-spam and fraud prevention, and increased adoption of A2P messaging for monetization purpose. By deploying next-generation firewalls, mobile network operators can secure their networks and generate revenues from legitimate A2P use cases.
Next-generation firewalls (NGFWs) are gaining prominence in the network security landscape. These advanced solutions combine traditional firewall capabilities with intrusion prevention, deep packet inspection, and threat intelligence. As cyber threats become more sophisticated, NGFWs offer enhanced protection by identifying and mitigating a broader range of threats in real-time. With the growing adoption of cloud services, network security is shifting towards the cloud. Cloud-based firewall solutions are providing organizations with scalability and flexibility to protect their distributed networks and remote workforces. This trend aligns with the increased reliance on cloud infrastructure for business operations.
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Zero Trust security models are gaining traction as organizations prioritize security and data protection. This approach assumes that no one, whether inside or outside the network, can be trusted by default. Network Security Firewalls are evolving to support Zero Trust principles, emphasizing identity-based access controls and continuous monitoring.
The incorporation of artificial intelligence (AI) and machine learning (ML) is enhancing firewall capabilities. These technologies enable proactive threat detection and response by analyzing network traffic patterns and identifying anomalies in real-time. AI-driven firewalls adapt to emerging threats, providing a more robust defense against cyberattacks.
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Post COVID-19, size of the network security firewall industry is estimated to grow from $4.17 billion in 2021 and is projected to reach $24.34 billion by 2030, at a CAGR of 21.6%.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.
Some of the key companies mentioned within the network security firewall market report are Adaptive Mobile, Amd Telecom, Anam, Cellusys, Mobileum, Netnumber, Orange, Openmind Networks, Sap Se, and Sinch.
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