Network Security Firewall Market Worth $15.8 Billion by 2025

Network Security Firewall Market by Type (Unified Threat Management, Next-generation Firewall), Component (Solution, Services), Deployment (On-premise, Cloud) Industry Size (SME, Large Enterprises), and Geography – Global Forecast to 2025

The Network Security Firewall Market is expected to grow at a CAGR of 13.1% from 2019 to reach $15.8 billion by 2025, wherein, Asia Pacific network security firewall market is expected to grow at the fastest CAGR. Network security firewall is a security tool created for preventing unauthorized access to information existing on a private network. The firewall can be implemented in either hardware or software form or a combination of both and can separate a particular network and its data from an external network. These are treated as first level of network security and offer benefits as ease of installation, flexibility, and high-speed data transmission.

Incorporation of a firewall for a network is comparatively economical than securing each computer individually. Factors such as increased demand for network security & privacy, advancement of digital transformation in the telecommunication industry, real-time streaming analysis, and administrative regulations are encouraging the demand for network security firewalls. However, lack of preventive firewall maintenance infrastructure and poor or lack of hardware & system compatibility are the major factors restraining the market growth.

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