Network Security Appliance Market Research Report - Global Forecast till 2023

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) - Global Forecast till 2023

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

Market Synopsis


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. The rising need to protect the network infrastructure of an enterprise from advanced threats and need for faster performance of network security solutions are some of the major driving factors for the wide adoption of network security appliances globally. However, greater adoption of software version of cybersecurity solutions, particularly cloud-based, acts as a major restraining factor for the growth of the hardware version of the network security solutions in the upcoming years.


Network security appliances market also includes visibility, analytics, and management software and various services that enable enterprises to centrally manage their security appliances and keep their security solutions updated and future ready for all possible cyber threats.


Network security appliances has adoption in almost all industry verticals as businesses of all types understands the fact that network layer is the most critical layer in their IT infrastructure where cybercriminals mostly conduct attacks. The network security appliances offered nowadays are so advanced that they not only make use of latest threat intelligence databases but also apply analytics and sandboxing technologies to identity novel threats and prevent them from harming the enterprise digital assets.


Global Network Security Appliance Market



Network Security Appliance Market


Source: MRFR Analysis


Segmentation.


The global network security appliance market is segmented into components, industry verticals, and regions.


By component, the market is segmented into product; visibility, analytics, and management software; and services. The products covered in the study are next generation firewalls (NGFWs) and unified threat management (UTM), firewalls, intrusion detection system (IDS) and intrusion prevention system (IPS), distributed denial of service (DDoS) protection, sandboxing, and web security. The services segment is furhter bifurcated into professional and managed services. The professional services covered in the study are consulting services, system integraton services, support and maintenance services, and training and education services.


By industry vertical, the market is segmented into BFSI, government and defense, IT and telecom, healthcare, retail, energy and utilities, manufacturing, and others.


By region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world.


Regional Analysis


The global market for network security appliance market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of global network security appliance market is studied for North America, Europe, Asia-Pacific, and rest of the world.


North America is expected to be the largest contributor in the network security appliance market during the forecast period. North America region is considered most advanced region in terms of infrastructure, technology, and cybersecurity solutions adoption. The presence of major vendors and faster adoption of new network security solutions such as NGFW and DDoS protection drives the network security appliance market in North America region. US is expected to be the dominating country in the network security appliance market in North America region during the forecast period.


Asia-Pacific is expected to grow at the fastest rate during the forecast period. IT & telecom sector drives the network security appliance market in Asia-Pacific region. Asia-pacific is economically and technologically developed region and countries such as China, Japan, and India are expected to dominate the network security appliance market in Asia-Pacific region. Budget constraints in the enterprises to spend sufficiently on cybersecurity solutions is expected to hinder the growth of the market in the Asia-Pacific region.


Competitive Analysis


The vendors in the market are focusing on enhancing their product and service portfolio with improved technologies to deliver advanced security to their global clients. Moreover, the companies are competing in the global market to increase their geographic presence and enhance the customer and partner engagement. The major vendors are following organic as well as inorganic growth approaches, under which, they engage in strategic partnerships and collaborations to offer innovative platforms. The competition in the global market is likely to further intensify due to technological advancements, mergers, and acquisitions.


Key players


The prominent players in network security appliance market are 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.


Intended Audience



  • Cybersecurity vendors

  • Software solution providers

  • Network Solution Providers

  • IT Administrators

  • Cloud Service Providers

  • Government, financial, and research institutions as well as investment communities

  • Distributors and Value-added Resellers (VARs)

  • Independent Software Vendors (ISVs)

  • Analytics solution providers

  • System Integrators

  • Enterprises



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, 2018–2023

5.2.2. Market Estimates & Forecast, By Region, 2018–2023

5.2.3. Next Generation Firewalls and Unified Threat Management

5.2.3.1. Market Estimates & Forecast, 2018–2023

5.2.3.2. Market Estimates & Forecast, By Region, 2018–2023

5.2.4. Firewalls

5.2.4.1. Market Estimates & Forecast, 2018–2023

5.2.4.2. Market Estimates & Forecast, By Region, 2018–2023

5.2.5. Intrusion Detection Systems and Intrusion Prevention Systems

5.2.5.1. Market Estimates & Forecast, 2018–2023

5.2.5.2. Market Estimates & Forecast, By Region, 2018–2023

5.2.6. DDoS Protection

5.2.6.1. Market Estimates & Forecast, 2018–2023

5.2.6.2. Market Estimates & Forecast, By Region, 2018–2023

5.2.7. Sandboxing

5.2.7.1. Market Estimates & Forecast, 2018–2023

5.2.7.2. Market Estimates & Forecast, By Region, 2018–2023

5.2.8. Web Security

5.2.8.1. Market Estimates & Forecast, 2018–2023

5.2.8.2. Market Estimates & Forecast, By Region, 2018–2023

5.3. Visibility, Analytics, and Management Software

5.3.1. Market Estimates & Forecast, 2018–2023

5.3.2. Market Estimates & Forecast, By Region, 2018–2023

5.3.3. Cloud

5.3.3.1. Market Estimates & Forecast, 2018–2023

5.3.3.2. Market Estimates & Forecast, By Region, 2018–2023

5.3.4. On-premises

5.3.4.1. Market Estimates & Forecast, 2018–2023

5.3.4.2. Market Estimates & Forecast, By Region, 2018–2023

5.4. Services

5.4.1. Market Estimates & Forecast, 2018–2023

5.4.2. Market Estimates & Forecast, By Region, 2018–2023

5.4.3. Professional Services

5.4.3.1. Market Estimates & Forecast, 2018–2023

5.4.3.2. Market Estimates & Forecast, By Region, 2018–2023

5.4.3.3. Consulting Services

5.4.3.3.1. Market Estimates & Forecast, 2018–2023

5.4.3.3.2. Market Estimates & Forecast, By Region, 2018–2023

5.4.3.4. System Integration Services

5.4.3.4.1. Market Estimates & Forecast, 2018–2023

5.4.3.4.2. Market Estimates & Forecast, By Region, 2018–2023

5.4.3.5. Support and Maintenance Services

5.4.3.5.1. Market Estimates & Forecast, 2018–2023

5.4.3.5.2. Market Estimates & Forecast, By Region, 2018–2023

5.4.3.6. Training and Education Services

5.4.3.6.1. Market Estimates & Forecast, 2018–2023

5.4.3.6.2. Market Estimates & Forecast, By Region, 2018–2023

5.4.4. Managed Services

5.4.4.1. Market Estimates & Forecast, 2018–2023

5.4.4.2. Market Estimates & Forecast, By Region, 2018–2023

6. Network Security Appliance Market, By Industry Vertical

6.1. Introduction

6.2. BFSI

6.2.1. Market Estimates & Forecast, 2018–2023

6.2.2. Market Estimates & Forecast, By Region, 2018–2023

6.3. Government and Defense

6.3.1. Market Estimates & Forecast, 2018–2023

6.3.2. Market Estimates & Forecast, By Region, 2018–2023

6.4. IT and Telecom

6.4.1. Market Estimates & Forecast, 2018–2023

6.4.2. Market Estimates & Forecast, By Region, 2018–2023

6.5. Healthcare

6.5.1. Market Estimates & Forecast, 2018–2023

6.5.2. Market Estimates & Forecast, By Region, 2018–2023

6.6. Retail

6.6.1. Market Estimates & Forecast, 2018–2023

6.6.2. Market Estimates & Forecast, By Region, 2018–2023

6.7. Energy and Utilities

6.7.1. Market Estimates & Forecast, 2018–2023

6.7.2. Market Estimates & Forecast, By Region, 2018–2023

6.8. Manufacturing

6.8.1. Market Estimates & Forecast, 2018–2023

6.8.2. Market Estimates & Forecast, By Region, 2018–2023

6.9. Others

6.9.1. Market Estimates & Forecast, 2018–2023

6.9.2. Market Estimates & Forecast, By Region, 2018–2023

7. Network Security Appliance Market, By Region

7.1. Introduction

7.2. North America

7.2.1. Market Estimates & Forecast, By Country, 2018–2023

7.2.2. Market Estimates & Forecast, By Component, 2018–2023

7.2.3. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.2.4. Market Estimates & Forecast, By Industry Vertical, 2018–2023

7.2.5. US

7.2.5.1. Market Estimates & Forecast, By Country, 2018–2023

7.2.5.2. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.2.5.3. Market Estimates & Forecast, By Industry Vertical, 2018–2023

7.2.6. Canada

7.2.6.1. Market Estimates & Forecast, By Component, 2018–2023

7.2.6.2. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.2.6.3. Market Estimates & Forecast, By Industry Vertical, 2018–2023

7.2.7. Mexico

7.2.7.1. Market Estimates & Forecast, By Component, 2018–2023

7.2.7.2. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.2.7.3. Market Estimates & Forecast, By Industry Vertical, 2018–2023

7.3. Europe

7.3.1. Market Estimates & Forecast, By Country 2018–2023

7.3.2. Market Estimates & Forecast, By Component, 2018–2023

7.3.3. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.3.4. Market Estimates & Forecast, By Industry Vertical, 2018–2023

7.3.5. UK

7.3.5.1. Market Estimates & Forecast, By Component, 2018–2023

7.3.5.2. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.3.5.3. Market Estimates & Forecast, By Industry Vertical, 2018–2023

7.3.6. Germany

7.3.6.1. Market Estimates & Forecast, By Component, 2018–2023

7.3.6.2. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.3.6.3. Market Estimates & Forecast, By Industry Vertical, 2018–2023

7.3.7. France

7.3.7.1. Market Estimates & Forecast, By Component, 2018–2023

7.3.7.2. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.3.7.3. Market Estimates & Forecast, By Industry Vertical, 2018–2023

7.4. Asia-Pacific

7.4.1. Market Estimates & Forecast, By Country 2018–2023

7.4.2. Market Estimates & Forecast, By Component, 2018–2023

7.4.3. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.4.4. Market Estimates & Forecast, By Industry Vertical, 2018–2023

7.4.5. China

7.4.5.1. Market Estimates & Forecast, By Component, 2018–2023

7.4.5.2. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.4.5.3. Market Estimates & Forecast, By Industry Vertical, 2018–2023

7.4.6. India

7.4.6.1. Market Estimates & Forecast, By Component, 2018–2023

7.4.6.2. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.4.6.3. Market Estimates & Forecast, By Industry Vertical, 2018–2023

7.4.7. Japan

7.4.7.1. Market Estimates & Forecast, By Component, 2018–2023

7.4.7.2. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.4.7.3. Market Estimates & Forecast, By Industry Vertical, 2018–2023

7.4.7.4.

7.4.8. Rest of Asia-Pacific

7.4.8.1. Market Estimates & Forecast, By Component, 2018–2023

7.4.8.2. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.4.8.3. Market Estimates & Forecast, By Industry Vertical, 2018–2023

7.5. Rest of the World

7.5.1. Market Estimates & Forecast, By Country 2018–2023

7.5.2. Market Estimates & Forecast, By Component, 2018–2023

7.5.3. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.5.4. Market Estimates & Forecast, By Industry Vertical, 2018–2023

7.5.5. Middle East & Africa

7.5.5.1. Market Estimates & Forecast, By Component, 2018–2023

7.5.5.2. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.5.5.3. Market Estimates & Forecast, By Industry Vertical, 2018–2023

7.5.6. Latin America

7.5.6.1. Market Estimates & Forecast, By Component, 2018–2023

7.5.6.2. Market Estimates & Forecast, By Deployment Mode, 2018–2023

7.5.6.3. Market Estimates & Forecast, By Industry Vertical, 2018–2023

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, 2018–2023

Table2 North America: Network Security Appliance Market, By Country, 2018–2023

Table3 Europe: Network Security Appliance Market, By Country, 2018–2023

Table4 Asia-Pacific: Network Security Appliance Market, By Country, 2018–2023

Table5 Rest of the World: Network Security Appliance Market, By Country, 2018–2023

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 2018, By country (in %)

Figure 6 Global Network Security Appliance Market, 2018–2023

Figure 7 Share of Global Network Security Appliance Market By Industry, 2018–2023

Figure 8 Global Network Security Appliance Market Size, By Component, 2018

Figure 9 Share of Global Network Security Appliance Market, By Component, 2018–2023

Figure 10 Global Network Security Appliance Market Size, By Deployment Mode, 2018

Figure 11 Share of Global Network Security Appliance Market, By Deployment Mode, 2018–2023

Figure 12 Global Network Security Appliance Market Size, By Industry Vertical, 2018

Figure 13 Share of Global Network Security Appliance Market, By Industry Vertical, 2018–2023