Global Enterprise Firewall Hardware Market Size, Trends, Share, Demand, Industry Analysis, Growth Opportunities, Regional Outlook, & Forecast 2017-2025

Global Enterprise/Business Firewall Hardware Market 

Market Overview

In today’s world progressively dynamic IT environments, the capability to securely access, manage and safeguard software and hardware assets is more essential than ever. Small and medium enterprises (SMEs), unfortunately, have been witnessing growing frequencies of cybercrime. Rising digitization of business assets and access to delicate customer information, while driving rapid enhancements in business, are also making them more susceptible to cybercrimes. The amplified complexity and openness of the network has significantly augment the demand for firewall solutions and associated hardware which is likely to drive the growth of enterprise/business firewall hardware market growth.

Goldstein Research analyst forecast the global Enterprise firewall hardware market to expand at a CAGR of 6.1% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 3.1 billion by 2025 owing to priority for firewall solutions by companies to overcome the security concerns and to protect their businesses from cyber threats.

Covered in This Global Enterprise Firewall Hardware Market Report

The report covers the present ground scenario and the future growth prospects of enterprise firewall hardware market for 2017-2025 along with the total revenue of enterprise firewall hardware industry in every region. We calculated the market size and revenue share on the basis of revenue generated per segment, region and country level. The revenue forecast is given on the basis of number of enterprise firewall hardware vendors and current growth rate of the market.

Global Enterprise Firewall Hardware Market Segmentation

By Product Type

• On-Site Firewall Hardware  
• Cloud Based Firewall Hardware

By Organization Type

• Small and Medium-Sized Enterprises (SMEs)
• Large Enterprises

By End Users

• Public Sector
• BFSI Sector
• Manufacturing Sector
• Education Sector
• Retail and E-Commerce
• IT and ITEs

By Geography

• North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}

Based on organization type, large enterprises accounted for the highest market share of 60% in 2017 and will continue to dominate the market during the forecast period. Moreover, firewall hardware market in SME’s is projected to witness fastest growth rate of +8% during the forecast period.

Enterprise Firewall Hardware Industry Trensd, Size, & Outlook

Global Enterprise Firewall Hardware Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global enterprise firewall hardware market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global enterprise firewall hardware market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our Global Enterprise Firewall Hardware market report comprises of the following companies as the key players in the global enterprise firewall hardware market: Cisco Systems, Inc., Fortinet Inc., Juniper Networks Inc., Palo Alto Networks Inc., HP Inc., Huawei Technologies Co., Ltd., WatchGuard Technologies, Inc., AT&T Corporation and Check Point Software Technologies Ltd.

According to our global Enterprise firewall hardware market study on the basis of extensive primary and secondary research, one major trend in the market is emergence of cloud based firewall hardware, which is on-site pieces of hardware with software interfaces that can be managed distantly by skilled security professionals.

According to the report, major driver in global enterprise firewall hardware market is significant adoption of firewall solutions by the small and medium enterprises. After the recent WannaCry ransomware events, small businesses have realized the potential harm and legal consequences of an attack. Thus, such incidents pushed the small and medium businesses to adopt advanced network security technologies to prevent loss of data, breach of security and privacy, which  is likely to provide boost to the enterprise firewall hardware market growth.

Further, the report states that one challenge in global Enterprise firewall hardware market is maintenance, as they are difficult to update and configure correctly.

Geographically, North America accounted for the highest market share of more than 35% of global enterprise firewall hardware market. Asia Pacific is anticipated to be the fastest growing region for enterprise firewall hardware market, at a CAGR of +9% during the forecast period. Moreover, developing countries such as China, Russia and India among others showcase immense growth opportunities owing to significant government initiative to accelerate the growth of manufacturing, IT, retail and BSFI sector.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this global enterprise firewall hardware market report

• What is the total market size by 2025 and what would be the expected growth rate of sales?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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