The Global Network Security Firewall Market size is expected to reach $6 billion by 2024, rising at a market growth of 12.3% CAGR during the forecast period

NEW YORK, June 21, 2019 /PRNewswire/ -- The Global Network Security Firewall Market size is expected to reach $6 billion by 2024, rising at a market growth of 12.3% CAGR during the forecast period.



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Network security firewall is a security system created for preventing unauthorized access to private information existing on a network. The firewall can be used as software as well as hardware and can isolate a specific network and its data from an outer network in order to keep that network's data private. There are several advantages that come with the implementation of a firewall in a network, especially the easy installation and the high speed. Utilization a firewall for a network is relatively less costly than securing each computer individually.

Based on Component, the market is segmented into Solutions and Services. Solutions is further bifurcated into SMS Firewall and Signaling Firewall. SMS Firewall is further segmented into A2P Messaging and P2A Messaging. Signaling Firewall is further segmented into SS7 Firewall and Diameter Firewall. Services are further bifurcated into Consulting, Integration & Deployment, Support & Maintenance, and Managed Services.

Based on Deployment, the market is segmented into On-Premises, Cloud and Network Function Virtualization. Most medium and large companies are now active on the Internet and are linked to an organizational network. Network security firewalls are therefore used for the maintenance of network safety between the external network and the inner network to safeguard the company from fraud and data violations. Network firewalls also help companies to secure communication paths from unlawful access and information misuse, and the network security firewalls market is thus rapidly expanding. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and span >Latin America, Middle East & Africa.

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