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2019-06-18
290
Global
Market Overview
In today’s world progressively dynamic IT environments, the capability to securely access, manage and safeguard software and Software assets is more essential than ever. The amplified complexity and openness of the network has significantly augment the demand for firewall solutions and associated software which is likely to drive the growth of enterprise/business firewall Software market growth. Software based firewall solutions are the most common type of firewall, as they are not only inexpensive but also easier to install. Software based firewall solutions provide easy installation and up gradation with scanning functionality at low cost for the enterprises, which is the major factor for the growth of enterprise firewall software market growth.
Goldstein Research analyst forecast the global enterprise firewall software market to expand at a CAGR of 5.4% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 2.8 billion by 2025 owing to priority for firewall solutions by companies to overcome the security concerns and to protect their businesses from cyber threats.
The report covers the present ground scenario and the future growth prospects of enterprise firewall Software market for 2017-2025 along with the total revenue of enterprise firewall Software 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 Software vendors and current growth rate of the market.
By Deployment Type
By Organization Type
By End Users
By Geography
Based on deployment type, on-premises deployment accounted for the highest market share of 65% in 2017 and will continue to dominate the market during the forecast period. Moreover, cloud based software market is projected to witness fastest growth rate of +9% during the forecast period.
Global Enterprise Firewall Software 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 software 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 Software 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 Software Market report comprises of the following companies as the key players in the global enterprise firewall Software 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 Software market study on the basis of extensive primary and secondary research, one major trend in the market is emergence of cloud based firewall software, and monthly subscription and payment options offered by the companies.
According to the report, major driver in global enterprise firewall Software 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 software market growth.
Further, the report states that one challenge in global Enterprise firewall Software market is the use of large amount of system resources by these software technologies and sometimes, they do not run suitably and can cause compatibility complications with different types of software installed on the computer.
Geographically, North America accounted for the highest market share of more than 30% of global enterprise firewall Software market. Asia Pacific is anticipated to be the fastest growing region for enterprise firewall Software market, at a CAGR of +11% during the forecast period. Moreover, developing countries such as China, Russia and India among others showcase immense growth opportunities owing to growing concerns to enhance the network security across various organizations in these countries.
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 Software market report
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