A new study title “Network Security Appliance market size, status and forecast 2027” has been featured on market research future.
The network security appliance market incorporates within it the components of visibility analytics and management software and various other services which enables the enterprises to centrally manage their security appliances. In addition to this network security appliance keeps your security solutions updated and future-ready for any possible cyber threats.
Globally, the network security appliance is expected to grow from USD 8.45 billion in 2018 to USD 13.97 billion by 2023, at a CAGR of 10.6% during the forecast period, 2018–2013.
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The prominent key players of the network security appliance market in the global market are mentioned down below-
- Cisco Systems, Inc.
- Palo Alto Networks, Inc.Fortinet Inc.
- Check Point Software Technologies Ltd.Symantec Corporation
- Sophos Ltd., Juniper Networks Inc.
- Forcepoint LLC
- Barracuda Networks, Inc.
The global network security appliance market has been further segmented among components, industry, and verticals.
In terms of component segment, the market has included visibility, product, analytics, and management software and services. The products segment is the unified threat management (UTM), next-generation firewalls (NGFWs), intrusion detection system (IDS), firewalls, and intrusion prevention system (IPS), sandboxing, distributed denial of service (DDoS) protection, and web security. The services segment is further bifurcated among professional and managed services.
In terms of industry vertical segment, the market has included government and defense, BFSI, healthcare, IT and telecom, energy and utilities, retail, manufacturing, and others.
The global network security market is divided based on region into Asia Pacific, North America, Europe, and the rest of the world. An estimated data reveals North America to show the largest contribution in the network security appliance market. North America holds the largest market size due to advancement in infrastructure, technology, and cybersecurity solutions adoption. These contributions enhance the presence of major vendors and faster adoption of new network security solutions. North America, specifically the US shows domination in the network security appliance market during the forecasted period.
The region of Asia Pacific is estimated to show the fastest rate of growth during the forecasted period. Due to IT and telecom sector advancement, economic and technological development of countries such as China, Japan, and India. All these factors are thought to enhance the night book security appliance market in the Asia Pacific.
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