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Network Security Firewall Market to Reach $24.34 Bn, Globally, by 2030 at 21.6% CAGR: Allied Market ResearchSurge in demand for network security and privacy and rise in number of cyber-based attacks and frauds drive the growth of the global network security firewall market. PORTLAND, Ore., Aug. 5, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Network Security Firewall Market by Component (Solution and Services), Solution (Signaling Firewall, and SMS Firewall), Service (Professional Services and Managed Services), Deployment Model (On-premise, Cloud, and Virtualization), and Type (Packet Filtering, Stateful Packet Inspection, Next-generation Firewall, and Unified Threat Management): Global Opportunity Analysis and Industry Forecast, 2020–2030." According to the report, the global network security firewall industry generated $3.48 billion in 2020, and is estimated to generate $24.34 billion by 2030, witnessing a CAGR of 21.6% from 2020 to 2030.  Prime determinants of growth Surge in demand for network security and privacy and rise in number of cyber-based attacks and frauds drive the growth of the global network security firewall market. However, high installation and maintenance costs and complex demands regarding infrastructure and hardware hinder the market growth. On the other hand, increase in awareness about data security and privacy presents new opportunities in the coming years. Download Report Sample (150 Pages PDF with Insights) at https://www.alliedmarketresearch.com/request-sample/12857 Covid-19 Scenario
Get detailed COVID-19 impact analysis on the network security firewall: https://www.alliedmarketresearch.com/request-for-customization/12857 The solution segment to maintain its leadership status throughout the forecast period Based on component, the solution segment held the highest market share in 2020, accounting for nearly three-fourths of the gobal network security firewall market, and is estimated to maintain its leadership status throughout the forecast period. This is due to widespread use of detection and threats such as malware or malicious processes that lower the performance of the hypervisor. However, the services segment is projected to manifest the highest CAGR of 22.6% from 2021 to 2030, owing to increased demand for network security and privacy, advances in digital transformation in the telecommunications industry, real-time analysis, and management regulations. The on premise segment to maintain its lead position during the forecast period Based on deployment type, the on premise segment accounted for the largest share in 2020, contributing to more than half of the global network security firewall market, and is projected to maintain its lead position during the forecast period. This is due to advancements in on premise technologies and adoption of new IoT-based techniques and competition among SMEs. However, the cloud segment is expected to portray the largest CAGR of 23.6% from 2021 to 2030, owing to cost efficiency, importance of cybersecurity, and highly automated nature of cloud security. For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/12857 North America to maintain its dominance by 2030 Based on region, North America held the highest market share in terms of revenue in 2020, accounting for nearly two-fifths of the global network security firewall market, and is expected to maintain its dominance by 2030. This is due to rapid advancements in mobile security technologies and huge investments in data security with rise in cyber-attacks. However, Asia-Pacific is projected to witness the fastest CAGR of 23.3% during the forecast period, owing to the rapid advancements in mobile security technologies and several government initiations toward digitalization in developing countries. Leading Market Players
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: hthttps://www.alliedmarketresearch.com/library-access Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements. Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter Similar Reports: Visitor Management System Market - Global Opportunity Analysis and Industry Forecast, 2020–2027 Service Analytics Market - Global Opportunity Analysis And Industry Forecast, 2020–2027 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 
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