Network Security Firewall Market Global Forecast To 2023 By Component, Solutions, SMS Firewall, Services, Deployment, Regions, Major Vendors

 (MENAFN - Comserve) Shibuya-ku, Tokyo, Japan, Japan, Feb 24, 2021, 10:55 /Comserve / -- The network security firewall market includes major vendors, such as Symsoft, Cellusys, Adaptive Mobile, Evolved Intelligence, Mobileum, Tata Communications, AMD Telecom S.A., Openmind Networks, ANAM Technologies, and Omobio.

The global network security firewall market size is expected to grow from USD 3.0 billion in 2018 to USD 5.3 billion by 2023, at a CAGR of 12.2% during the forecast period. Due to the growing momentum of interconnected devices, the risk of security breach increased as the fraudsters found alternatives such as SMS SPAMs and SMS fraud through grey routes to exploit personal information over the organization's network. Real-time streaming analysis and filtering of SS7 vulnerabilities have been major components of network security firewall and firewall developers are using fraud detection techniques to monitor the traffic behavior of the network. Telecom organizations use network security firewall tools to dynamically extract traffic patterns from the packets transmitted as well as received at the network and continuously check network behavior against malicious contents, and to report all detected anomalies.

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The network security firewall market includes major vendors, such as Symsoft, Cellusys, Adaptive Mobile, Evolved Intelligence, Mobileum, Tata Communications, AMD Telecom S.A., Openmind Networks, ANAM Technologies, and Omobio.

'The signaling firewall segment to grow at the highest CAGR during the forecast periodBased on the network vulnerabilities, signaling firewall is further segmented into SS7, diameter firewall, and others. SS7 firewall helps telecom service providers to detect and protect against the SS7 vulnerabilities, such as user location tracking, fraud, denial of service (DoS), or even call interception. Diameter firewall helps mobile network operators to prevent their LTE network against malicious attacks and illicit messages. This firewall monitor and filters the IP packets received over the LTE networks from other LTE or GSM networks and protect the operators against the anomalous data packets received from the unauthorized networks. The growth in the signaling firewall solutions is attributed to a significant increase in the number of diameter attacks in the telecom industry.

'Services segment to register the highest CAGR in the network security firewall market during the forecast periodDeployment and integration, consulting, and support and maintenance services play a vital role in the telecom ecosystem. Services are considered a key component of the network security firewall market, as they focus on the protection of telecom networks from fraudulent attacks and are instrumental in fulfilling the custom requirements of clients. Based on services, the network security firewall market is split into professional and managed services. Professional services offer tailored solutions to meet the telecom operators' networking needs, such as network architecture, on-premises, and cloud migration solutions. These services include deployment and integration, support and training, and business consulting. The managed services help CSPs to improve their network availability by protecting their network against unauthorized access to business resources.

'North America to hold the largest market size, and MEA to grow at a significant rate during the forecast periodNorth America is expected to hold the largest market size in the network security firewall market during the forecast period, owing to the new look US telecom regulatory body Federal Communications Commission (FCC). They are less stringent as compared to old administration, by rolling back several stringent regulations of the previous regime. They benefited most of the telecom operators to choose and implement new services and solution. According to NASDAQ, the 4G LTE wireless penetration is currently 83% in North America, this can primarily be attributed to most carrier's intention to upgrade to 5G wireless network standard which requires massive investment.

The MEA market is expected to witness significant growth in the network security firewall, as telecom operators are implementing firewall solution across their network. The adoption of mobile phones and smartphones is on the rise in the region and has provided mobile network operators a broad subscriber base in MEA. The region is one of the leading markets for messaging solutions and the telecommunications sector due to network upgradations, which are driving investments in the region. According to FireEye Dynamic Threat Intelligence (DTI) report, organizations in the UAE, Saudi Arabia, and Qatar were attacked by various kinds of network threat, frauds, and SMS spoofs.

In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The breakup of the profiles of the primary participants is as follows:

By Company: Tier 1 35 %, Tier 2 45%, and Tier 3 20%

By Designation: C-Level 35%, Director Level 25%, and Others 40%

By Region: North America 45%, Europe 20%, APAC 30%, RoW 5%

Research Coverage:

The report includes an in-depth competitive analysis of the key players in the network security firewall market along with their company profiles, recent developments, and key market strategies. The report segments the network security firewall market by component (solution and service), deployment, and region.

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Key Benefits of Buying the Report:

The network security firewall market has been segmented on the basis of component (solution and service), deployment, type, and region.

The report will help market leaders/new entrants in the network security firewall market in the following ways:

The overall network security firewall market revenue stream has been estimated based on the revenues generated by vendors, offering firewall solutions and services inclusive of deployment and integration, support and maintenance, and consulting services, offered by professional service providers, including Managed Service Providers (MSPs). The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split into regions.

The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.

The report will help the stakeholders to understand competitors and gain more insights to better their market position. The competitive landscape section includes the competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 181.1 OBJECTIVES OF THE STUDY 181.2 MARKET DEFINITION 181.3 MARKET SCOPE 191.3.1 MARKET SEGMENTATION 191.3.2 REGIONS COVERED 191.4 YEARS CONSIDERED FOR THE STUDY 201.5 CURRENCY CONSIDERED 201.6 STAKEHOLDERS 212 RESEARCH METHODOLOGY 222.1 RESEARCH DATA 222.1.1 SECONDARY DATA 232.1.2 PRIMARY DATA 232.1.2.1 Breakup of primaries 242.1.2.2 Key industry insights 242.2 MARKET BREAKUP AND DATA TRIANGULATION 252.3 MARKET SIZE ESTIMATION 262.3.1 BOTTOM-UP APPROACH 262.3.2 TOP-DOWN APPROACH 272.4 MARKET FORECAST 272.5 COMPETITIVE LEADERSHIP MAPPING METHODOLOGY 282.6 ASSUMPTIONS FOR THE STUDY 292.7 LIMITATIONS OF THE STUDY 293 EXECUTIVE SUMMARY 304 PREMIUM INSIGHTS 334.1 ATTRACTIVE OPPORTUNITIES IN THE NETWORK SECURITY FIREWALL MARKET 334.2 NETWORK SECURITY FIREWALL MARKET IN NORTH AMERICA, BY SOLUTION AND COUNTRY 344.3 NETWORK SECURITY MARKET, BY REGION 344.4 NETWORK SECURITY FIREWALL MARKET: INVESTMENT SCENARIO 355 MARKET OVERVIEW AND INDUSTRY TRENDS 36

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