Network Security Appliance Market Research Report - Global Forecast till 2027

Network Security Appliance Market Research Report, By Component (Product; Visibility, Analytics, and Management Software; and Services), Industry Vertical (BFSI, government and defense, healthcare, retail, manufacturing) - Forecast till 2027

ID: MRFR/SEM/5589-HCR | February 2021 | Region: Global | 100 pages

Market Overview:
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.

Covid 19 Analysis:

As for the current situation of coronavirus, a lot of companies have experienced negative downfalls in the first quarter of the pandemic. The key reason being the work style of employees which turned out to increase in the form of work from home settings. This is why I encourage employees to implement the use of network security services to enhance the growth of the market.

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.


Market Dynamics:

Drivers:
Some of the major factors that drive the growth of network security appliances include the need to protect the network infrastructure of an enterprise from all these threatened and advanced hackers. In Addition to this, there is a need for faster performance of network security solutions. Other factors include adoption in almost all industry verticals as businesses of all types need network layers in the most critical form. IT infrastructures where cybercriminals mostly conduct a tax need network security appliances to be installed.

Opportunities:

The opportunities that expanded the network security appliance market are the growing business worldwide which is becoming smaller with digital networks. The upcoming cyber threats have become a concern and hence need an in-depth study for user awareness. In addition to this, the pandemic proved out to enhance the market growth with work-from-home facilities. As work from home framed out as the only setting to work, network security became important. This is how opportunities expand and the market grows.

Restraints:

The factors that hamper the growth of the network security appliance market, involve budget constraints in the enterprises. These constraints are made basically to spend sufficient on cybersecurity solutions, these factors are expected to hinder the growth of the market. Other factors include white adoption of network security appliances globally, adoption of the software version of cybersecurity solutions particularly cloud-based

Value Chain Analysis:

Network security appliances do not just offer advanced security that can help protect your latest databases and software applications as well as programs. But network security appliances use the latest threat intelligence to apply analytics and send boxing technologies to identify the noble threats and prevent them from making any harm to the enterprise digital assets.

Market Segmentation:

The global market of network security appliance is segmented based on the industry verticals, components, and regions. Given below is the market segmentation.

Based On The Component:

Based on components, the market is segmented into visibility, product, services, and analytics and management software. The product segment covers the study of next-generation fireballs and unified third management, firewalls, inclusion detection systems, and intrusion prevention systems, distributed denial of service protection, send boxing, and web security.

The segment of services is bifurcated into professional and managed services. The professional segment covers and listens and data over consulting services, system integration services, support and maintenance services as well as training and educational services.


Based On The Industry Vertical:

The global network security appliance market is classified based on the IT and telecom, industry vertical into BFSI, healthcare, retail, government and defense, energy and utilities, manufacturing, and others.

Based On The Region:

The division is based on region segments into the Asia Pacific, North America, Europe, and the rest of the world.

Regional Analysis:

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.


Competitive Landscape:

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.


All these prominent key players play a major road in the dynamics and growth of the network security appliance market. These major key players opt for many strategies and policies to widen their customer base. These policies and strategies mainly include collaborations, mergers, acquisitions, extensions, joint ventures, establishments, new production processes, innovations, technology widening the existing products, partnerships, etc. All these important methods are opted to get the needs of customers and develop a strong potential growth base. These major key players contribute a major amount to the sugar frequency and are very helpful in developing innovations to improve the market.

Recent Developments



  • Development in major ICT companies in the country of the US.

  • Data-driven enterprises advancement including Amazon, Facebook, Microsoft, IBM, etc.

  • Various upgrades are made in the cybersecurity strategy by the government.

  • Advancements to safeguard networks All around The World lead to collaborations with fellow enterprises to show some potential market and customer base expansion.

  • Advancement in the work-from-home setting changed the work style of employees and hence rapidly increased the market growth. This made it clear how important network security services are in today's world.


Report Overview:
As per the research report of 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.

The global network security appliance market in the global market research report consists of the following elements which are mentioned down below-



  • Market overview

  • Covid 19 analysis

  • Market dynamics

  • Value chain analysis

  • Market segmentation

  • Regional analysis

  • Competitive landscape

  • Recent developments

  • Intended audience


In the global network security appliance market research report, there are major factors that drive the growth of the market. The report consists of opportunities that may further in the future and hands the global market of the network security appliance. Various factors restrain the growth of sugar-free confectioneries and hamper the development of such a fine-based market. Disney search report also consists of videos analysis based on Covid 19 impact market dynamics, different segmentations, regional analysis, etc. This research report also consists of various strategies and policies followed by the major key players that drive the network security appliance market. The future growth rate is also discussed and mentioned in this research report.

Intended Audience:

Given below is the intended audience for the global market of the network security appliance.


  • Cybersecurity vendors

  • Software solution providers

  • Network Solution Providers

  • IT Administrators

  • Cloud Service Providers

  • Research institutions, government, and financial and investment communities

  • Distributors and Value-added Resellers (VARs)

  • Independent Software Vendors (ISVs)

  • Analytics solution providers

  • System Integrators

  • Enterprises



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 13.97 Billion
  CAGR   10.6%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component, Industry Vertical
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Cisco Systems, Inc., Palo Alto Networks, Inc., Fortinet, Inc., Check Point Software Technologies Ltd., Symantec Corporation, Sophos Ltd., Juniper Networks, Inc., Forcepoint LLC, and Barracuda Networks, Inc
  Key Market Opportunities   Heightening cyber-crime, implementation of bring-your-own-device, and adoption of advance in technology will add new opportunities.
  Key Market Drivers

  • The rising need to protect the network infrastructure of an enterprise from advanced threats.
  • Need for faster performance of network security solutions.


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    Frequently Asked Questions (FAQ) :


    The global network security appliance market was valued at USD 8.45 billion in 2018.

    The global network security appliance market is projected to reach USD 13.96 billion by 2023.

    The global network security appliance market is likely to expand at a relatively slow CAGR of 10.6% over the prognosis period (2018-2023).

    The global market for network security appliance is expected to witness major applications from the BFSI segment.

    A few major market players operating in the global network security appliance market are Cisco Systems, Inc., Fortinet, Inc., Palo Alto Networks, Inc., Symantec Corporation,Check Point Software Technologies Ltd., and others.

    TABLE OF CONTENTS

    1. Executive Summary

    2. Scope of the Report

    2.1. Market Definition

    2.2. Scope of the Study

    2.2.1. Research Objectives

    2.2.2. Assumptions & Limitations

    2.3. Market Structure

    3. Market Research Methodology

    3.1. Research Process

    3.2. Secondary Research

    3.3. Primary Research

    3.4. Forecast Model

    4. Market Overview

    4.1. Porter’s Five Forces Analysis

    4.1.1. Threat of New Entrants

    4.1.2. Bargaining power of buyers

    4.1.3. Threat of substitutes

    4.1.4. Rivalry

    4.1.5. Bargaining Power of Suppliers

    4.2. Value Chain Analysis

    4.3. Market Dynamics

    4.3.1. Drivers

    4.3.2. Restraints

    4.3.3. Opportunities

    4.3.4. Challenges

    4.3.5. Impact Analysis of Drivers and Restraints

    5. Network Security Appliance Market, By Component

    5.1. Introduction

    5.2. Product

    5.2.1. Market Estimates & Forecast, 2020–2027

    5.2.2. Market Estimates & Forecast, By Region, 2020–2027

    5.2.3. Next Generation Firewalls and Unified Threat Management

    5.2.3.1. Market Estimates & Forecast, 2020–2027

    5.2.3.2. Market Estimates & Forecast, By Region, 2020–2027

    5.2.4. Firewalls

    5.2.4.1. Market Estimates & Forecast, 2020–2027

    5.2.4.2. Market Estimates & Forecast, By Region, 2020–2027

    5.2.5. Intrusion Detection Systems and Intrusion Prevention Systems

    5.2.5.1. Market Estimates & Forecast, 2020–2027

    5.2.5.2. Market Estimates & Forecast, By Region, 2020–2027

    5.2.6. DDoS Protection

    5.2.6.1. Market Estimates & Forecast, 2020–2027

    5.2.6.2. Market Estimates & Forecast, By Region, 2020–2027

    5.2.7. Sandboxing

    5.2.7.1. Market Estimates & Forecast, 2020–2027

    5.2.7.2. Market Estimates & Forecast, By Region, 2020–2027

    5.2.8. Web Security

    5.2.8.1. Market Estimates & Forecast, 2020–2027

    5.2.8.2. Market Estimates & Forecast, By Region, 2020–2027

    5.3. Visibility, Analytics, and Management Software

    5.3.1. Market Estimates & Forecast, 2020–2027

    5.3.2. Market Estimates & Forecast, By Region, 2020–2027

    5.3.3. Cloud

    5.3.3.1. Market Estimates & Forecast, 2020–2027

    5.3.3.2. Market Estimates & Forecast, By Region, 2020–2027

    5.3.4. On-premises

    5.3.4.1. Market Estimates & Forecast, 2020–2027

    5.3.4.2. Market Estimates & Forecast, By Region, 2020–2027

    5.4. Services

    5.4.1. Market Estimates & Forecast, 2020–2027

    5.4.2. Market Estimates & Forecast, By Region, 2020–2027

    5.4.3. Professional Services

    5.4.3.1. Market Estimates & Forecast, 2020–2027

    5.4.3.2. Market Estimates & Forecast, By Region, 2020–2027

    5.4.3.3. Consulting Services

    5.4.3.3.1. Market Estimates & Forecast, 2020–2027

    5.4.3.3.2. Market Estimates & Forecast, By Region, 2020–2027

    5.4.3.4. System Integration Services

    5.4.3.4.1. Market Estimates & Forecast, 2020–2027

    5.4.3.4.2. Market Estimates & Forecast, By Region, 2020–2027

    5.4.3.5. Support and Maintenance Services

    5.4.3.5.1. Market Estimates & Forecast, 2020–2027

    5.4.3.5.2. Market Estimates & Forecast, By Region, 2020–2027

    5.4.3.6. Training and Education Services

    5.4.3.6.1. Market Estimates & Forecast, 2020–2027

    5.4.3.6.2. Market Estimates & Forecast, By Region, 2020–2027

    5.4.4. Managed Services

    5.4.4.1. Market Estimates & Forecast, 2020–2027

    5.4.4.2. Market Estimates & Forecast, By Region, 2020–2027

    6. Network Security Appliance Market, By Industry Vertical

    6.1. Introduction

    6.2. BFSI

    6.2.1. Market Estimates & Forecast, 2020–2027

    6.2.2. Market Estimates & Forecast, By Region, 2020–2027

    6.3. Government and Defense

    6.3.1. Market Estimates & Forecast, 2020–2027

    6.3.2. Market Estimates & Forecast, By Region, 2020–2027

    6.4. IT and Telecom

    6.4.1. Market Estimates & Forecast, 2020–2027

    6.4.2. Market Estimates & Forecast, By Region, 2020–2027

    6.5. Healthcare

    6.5.1. Market Estimates & Forecast, 2020–2027

    6.5.2. Market Estimates & Forecast, By Region, 2020–2027

    6.6. Retail

    6.6.1. Market Estimates & Forecast, 2020–2027

    6.6.2. Market Estimates & Forecast, By Region, 2020–2027

    6.7. Energy and Utilities

    6.7.1. Market Estimates & Forecast, 2020–2027

    6.7.2. Market Estimates & Forecast, By Region, 2020–2027

    6.8. Manufacturing

    6.8.1. Market Estimates & Forecast, 2020–2027

    6.8.2. Market Estimates & Forecast, By Region, 2020–2027

    6.9. Others

    6.9.1. Market Estimates & Forecast, 2020–2027

    6.9.2. Market Estimates & Forecast, By Region, 2020–2027

    7. Network Security Appliance Market, By Region

    7.1. Introduction

    7.2. North America

    7.2.1. Market Estimates & Forecast, By Country, 2020–2027

    7.2.2. Market Estimates & Forecast, By Component, 2020–2027

    7.2.3. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.2.4. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    7.2.5. US

    7.2.5.1. Market Estimates & Forecast, By Country, 2020–2027

    7.2.5.2. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.2.5.3. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    7.2.6. Canada

    7.2.6.1. Market Estimates & Forecast, By Component, 2020–2027

    7.2.6.2. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.2.6.3. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    7.2.7. Mexico

    7.2.7.1. Market Estimates & Forecast, By Component, 2020–2027

    7.2.7.2. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.2.7.3. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    7.3. Europe

    7.3.1. Market Estimates & Forecast, By Country 2020–2027

    7.3.2. Market Estimates & Forecast, By Component, 2020–2027

    7.3.3. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.3.4. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    7.3.5. UK

    7.3.5.1. Market Estimates & Forecast, By Component, 2020–2027

    7.3.5.2. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.3.5.3. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    7.3.6. Germany

    7.3.6.1. Market Estimates & Forecast, By Component, 2020–2027

    7.3.6.2. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.3.6.3. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    7.3.7. France

    7.3.7.1. Market Estimates & Forecast, By Component, 2020–2027

    7.3.7.2. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.3.7.3. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    7.4. Asia-Pacific

    7.4.1. Market Estimates & Forecast, By Country 2020–2027

    7.4.2. Market Estimates & Forecast, By Component, 2020–2027

    7.4.3. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.4.4. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    7.4.5. China

    7.4.5.1. Market Estimates & Forecast, By Component, 2020–2027

    7.4.5.2. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.4.5.3. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    7.4.6. India

    7.4.6.1. Market Estimates & Forecast, By Component, 2020–2027

    7.4.6.2. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.4.6.3. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    7.4.7. Japan

    7.4.7.1. Market Estimates & Forecast, By Component, 2020–2027

    7.4.7.2. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.4.7.3. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    7.4.7.4.

    7.4.8. Rest of Asia-Pacific

    7.4.8.1. Market Estimates & Forecast, By Component, 2020–2027

    7.4.8.2. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.4.8.3. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    7.5. Rest of the World

    7.5.1. Market Estimates & Forecast, By Country 2020–2027

    7.5.2. Market Estimates & Forecast, By Component, 2020–2027

    7.5.3. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.5.4. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    7.5.5. Middle East & Africa

    7.5.5.1. Market Estimates & Forecast, By Component, 2020–2027

    7.5.5.2. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.5.5.3. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    7.5.6. Latin America

    7.5.6.1. Market Estimates & Forecast, By Component, 2020–2027

    7.5.6.2. Market Estimates & Forecast, By Deployment Mode, 2020–2027

    7.5.6.3. Market Estimates & Forecast, By Industry Vertical, 2020–2027

    8. Company Profiles

    8.1. Cisco Systems, Inc.

    8.1.1. Company Overview

    8.1.2. Application/Business Segment Overview

    8.1.3. Financial Overview

    8.1.4. Key Developments

    8.1.5. SWOT Analysis

    8.1.6. Key Strategy

    8.2. Palo Alto Networks, Inc.

    8.2.1. Company Overview

    8.2.2. Application/Business Segment Overview

    8.2.3. Financial Overview

    8.2.4. Key Developments

    8.2.5. SWOT Analysis

    8.2.6. Key Strategy

    8.3. Fortinet, Inc.

    8.3.1. Company Overview

    8.3.2. Application/Business Segment Overview

    8.3.3. Financial Overview

    8.3.4. Key Developments

    8.3.5. SWOT Analysis

    8.3.6. Key Strategy

    8.4. Check Point Software Technologies Ltd.

    8.4.1. Company Overview

    8.4.2. Application/Business Segment Overview

    8.4.3. Financial Overview

    8.4.4. Key Developments

    8.4.5. SWOT Analysis

    8.4.6. Key Strategy

    8.5. Symantec Corporation

    8.5.1. Company Overview

    8.5.2. Application/Business Segment Overview

    8.5.3. Financial Overview

    8.5.4. Key Developments

    8.5.5. SWOT Analysis

    8.5.6. Key Strategy

    8.6. Huawei Technologies Co., Ltd.

    8.6.1. Company Overview

    8.6.2. Application/Business Segment Overview

    8.6.3. Financial Overview

    8.6.4. Key Developments

    8.6.5. SWOT Analysis

    8.6.6. Key Strategy

    8.7. Sophos Ltd.

    8.7.1. Company Overview

    8.7.2. Application/Business Segment Overview

    8.7.3. Financial Overview

    8.7.4. Key Developments

    8.7.5. SWOT Analysis

    8.7.6. Key Strategy

    8.8. Juniper Networks, Inc.

    8.8.1. Company Overview

    8.8.2. Application/Business Segment Overview

    8.8.3. Financial Overview

    8.8.4. Key Developments

    8.8.5. SWOT Analysis

    8.8.6. Key Strategy

    8.9. Forcepoint LLC

    8.9.1. Company Overview

    8.9.2. Application/Business Segment Overview

    8.9.3. Financial Overview

    8.9.4. Key Developments

    8.9.5. SWOT Analysis

    8.9.6. Key Strategy

    8.10. Barracuda Networks, Inc.

    8.10.1. Company Overview

    8.10.2. Application/Business Segment Overview

    8.10.3. Financial Overview

    8.10.4. Key Developments

    8.10.5. SWOT Analysis

    8.10.6. Key Strategy

    9. Conclusion 

    LIST OF TABLES

    Table1 Global Network Security Appliance Market, By Country, 2020–2027

    Table2 North America: Network Security Appliance Market, By Country, 2020–2027

    Table3 Europe: Network Security Appliance Market, By Country, 2020–2027

    Table4 Asia-Pacific: Network Security Appliance Market, By Country, 2020–2027

    Table5 Rest of the World: Network Security Appliance Market, By Country, 2020–2027

    Table6 North America: Network Security Appliance Market, By Country

    Table7 North America: Network Security Appliance Market, By Component

    Table8 North America: Network Security Appliance Market, By Deployment Mode

    Table9 North America: Network Security Appliance Market, By Industry Vertical

    Table10 Europe: Network Security Appliance Market, By Country

    Table11 Europe: Network Security Appliance Market, By Component

    Table12 Europe: Network Security Appliance Market, By Deployment Mode

    Table13 Europe: Network Security Appliance Market, By Industry Vertical

    Table14 Asia-Pacific: Network Security Appliance Market, By Country

    Table15 Asia-Pacific Network Security Appliance Market, By Component

    Table16 Asia-Pacific Network Security Appliance Market, By Deployment Mode

    Table17 Asia-Pacific Network Security Appliance Market, By Industry Vertical

    Table18 Middle East & Africa: Network Security Appliance Market, By Country

    Table19 Middle East & Africa: Network Security Appliance Market, By Component

    Table20 Middle East & Africa: Network Security Appliance Market, By Deployment Mode

    Table21 Middle East & Africa: Network Security Appliance Market, By Industry Vertical

    Table22 Latin America: Network Security Appliance Market, By Country

    Table23 Latin America: Network Security Appliance Market, By Component

    Table24 Latin America: Network Security Appliance Market, By Deployment Mode

    Table25 Latin America: Network Security Appliance Market, By Industry Vertical

    LIST OF FIGURES

    Figure 1 Global Network Security Appliance Market segmentation

    Figure 2 Forecast Methodology

    Figure 3 Porter’s Five Forces Analysis of Global Network Security Appliance Market

    Figure 4 Value Chain of Global Network Security Appliance Market

    Figure 5 Share of Network Security Appliance Market in 2020, By country (in %)

    Figure 6 Global Network Security Appliance Market, 2020–2027

    Figure 7 Share of Global Network Security Appliance Market By Industry, 2020–2027

    Figure 8 Global Network Security Appliance Market Size, By Component, 2020

    Figure 9 Share of Global Network Security Appliance Market, By Component, 2020–2027

    Figure 10 Global Network Security Appliance Market Size, By Deployment Mode, 2020

    Figure 11 Share of Global Network Security Appliance Market, By Deployment Mode, 2020–2027

    Figure 12 Global Network Security Appliance Market Size, By Industry Vertical, 2020

    Figure 13 Share of Global Network Security Appliance Market, By Industry Vertical, 2020–2027