Enterprise/Business Firewall Hardware Market By Industry (E-commerce
& Retail, Information Technology, Government, Telecommunication,
Manufacturing, Healthcare) By End Use (Small enterprise, Medium enterprise,
Large enterprise) and Region - Global Forecast to 2024
Market Size and Forecast
The global
enterprise/business firewall hardware market is expected to grow at a robust
growth over the forecast period i.e. 2017-2024. Additionally, the factors
propelling the growth of enterprise/business firewall
hardware market
includes growing incidence of data theft and rising demand for real-time threat
intelligence firewall network security devices. Likely, introduction of new
policies such as bring your own device (BYOD) along with growing adoption of
network security devices is believed to boost demand for enterprise/business
firewall hardware.
In terms
of regional platform, North America accounted for the largest market of
enterprise/business firewall hardware in terms of revenue in 2016. Further,
North America is expected to continue its dominance over the forecast period
owing to growing demand for network security device from numerous
organizations. Additionally, U.S. is the dominating country of
enterprise/business firewall hardware market due to high preference for business
security devices and continuous adoption high performing network security
solutions.
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Europe
region captured for the second largest market of enterprise/business firewall
hardware in terms of revenue in 2016. Further, Western Europe countries such as
Germany, U.K and others are witnessing the augmented demand for enterprise/business
firewall hardware due to increasing investment to enhance network security
across enterprise environments and increasing strict government regulations
regarding consumer privacy.
Asia-Pacific
region is believed to show a tremendous growth by the end of 2024.
Additionally, the growth of enterprise/business firewall hardware is riding on
the back of growing enterprise networks and increasing network security
threats. Japan and China lead the Asia-Pacific enterprise/business firewall
hardware market in 2016.
Market
Segmentation
Our
in-depth analysis segmented the global enterprise/business firewall hardware
market in the following segments:
By
Industry
·
E-commerce
& Retail,
·
Information
Technology,
·
Government,
·
Telecommunication,
·
Manufacturing,
·
Healthcare
·
Others
By
End-User
·
Small
enterprise
·
Medium
enterprise
·
Large
enterprise
By Region
Global
enterprise/business firewall hardware market is further classified on the basis
of region as follows:
·
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
·
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
·
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity
Analysis
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis.
·
Middle
East and Africa (GCC, North Africa, South Africa, Rest of Middle East and
Africa) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers and Challenges
Factors
such as growing advancement in network security devices and increasing number
of cyber-crimes are believed to be the major factor behind the rapid growth of
enterprise/business firewall hardware market across the globe. Further,
development of next generation firewalls to protect the enterprises network
from numerous threats such as data theft, malicious attacks and others is
envisioned to bolster the growth of enterprise/business firewall hardware
market by the end of 2024. Additionally, evolution of firewall technology
coupled with rising network security investment by several enterprises is
projected to flourish the growth of enterprise/business firewall hardware
market.
Furthermore,
growing strict policy & regulations regarding consumer privacy and
emergence of new policies such as bring your own device are predicted to propel
the growth of enterprise/business firewall hardware market. In addition to
this, rising demand for advanced security devices from large and medium
enterprise is expected to propel the of enterprise/business firewall hardware
market.
However,
high cost associated with the network security devices is anticipated to hamper
the growth of enterprise/business firewall hardware market. Moreover, slow rate
adoption of new technologies in developing and underdeveloped nations is also
projected to hinder the growth of enterprise/business firewall hardware market
during the forecast period.
Key
players
The major
key players for enterprise/business firewall hardware market are as follows
·
Check
Point Software Technologies Ltd.
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
Cisco
Systems, Inc.
·
Fortinet
Inc.
·
Juniper
Networks Inc.
·
McAfee
Inc.
·
Palo
Alto Networks Inc.
·
AhnLab,
Inc.
·
Huawei
Technologies Co., Ltd.
·
WatchGuard
Technologies, Inc.
Scope and
Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
enterprise/business firewall hardware market is segmented as follows:
·
By
Industry Market Size & Y-O-Y Growth Analysis
·
By
End-User Market Size & Y-O-Y Growth Analysis
·
By
Region Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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