Global Enterprise Firewall Market Share: By Firewall Type, By Components, By Organization Type, By End Users, By Geography With COVID-19 impact | Forecast Period 2017-2030

Global Enterprise/Business Firewall Hardware 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 components which is likely to drive the growth of enterprise/business firewall market growth. Moreover, firewalls have advanced beyond simple packet filtering and stateful inspection. Most of the major companies are installing next-generation firewalls to block modern threats such as advanced malware and application-layer attacks. Advancement in firewall technologies to secure the networks from evolving new threats will boost enterprise firewall market growth.

Goldstein Market Intelligence analyst forecast the global Enterprise firewall market to expand at a CAGR of 6.5% during the forecast period 2017-2030. 

Global Enterprise Firewall Hardware Market Segmentation

By Firewall Type

• Stateful inspection firewall
• Proxy firewall
• Next-generation firewall (NGFW)

By Components

• Hardware
• Software
• Services

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 65% in 2017 and will continue to dominate the market during the forecast period. Moreover, enterprise firewall market in SME’s is projected to witness fastest growth rate of +8% during the forecast period.

Growth Drivers and Restraints

According to our global Enterprise firewall 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. Moreover, advanced next generation firewall technologies are also likely to impel the growth of enterprise firewall market.

According to the report, major driver in global enterprise firewall 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 market growth.

Further, the report states that one challenge in global Enterprise firewall 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.

Covered in This Enterprise Firewall Market Report

The report covers the present ground scenario and the future growth prospects of enterprise firewall hardware market for 2017-2030 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 Market Outlook 2017-2030, 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 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 market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

COVID-19 impact on "Global Enterprise Firewall Market "

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Enterprise Firewall Market " along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Top Companies in Competition & The Rising Stars

Our Global Enterprise Firewall 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.
• Dell SonicWall
• Huawei Technologies Co. Ltd.
• WatchGuard Technologies Inc.
• AT&T Corporation
• Check Point Software Technologies Ltd.

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 2030 and what would be the expected growth rate of sales?
• What is the total revenue per segment and region in 2017-18 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?

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.