Jul 27, 2021 (AmericaNewsHour) -- The report titled "Enterprise/Business Firewall Hardware Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation" delivers detailed overview of the enterprise/business firewall hardware market in terms of market segmentation by industry, end-user and by region.
The enterprise/business firewall hardware market revolves around protecting the enterprise system from data theft among various other security thefts and finds its applications in numerous sectors such as e-commerce & retail, information technology, government, telecommunication, manufacturing and healthcare among others.
In terms of geography, North America dominated the overall enterprise/business firewall hardware market in terms of revenue during 2016 and is expected to continue its dominant stance over the forecast period owing to the increase in demand for network security devices from various organizations. Factors such as increase in investment to enhance network security across enterprise environments combined with stringent government regulations regarding consumer privacy are estimated to make Europe as the second largest region with highest market share in terms of revenue in Enterprise/Business Firewall Hardware Market. Further, the rise in security thefts is estimated to drive Asia Pacific enterprise/business firewall hardware market with tremendous growth over the forecast period.
The global market of enterprise/business firewall hardware is anticipated to reach notable revenue by the end of 2024 by expanding at a robust compound annual growth rate over the period 2017-2024. The rising demand for real-time threat intelligence firewall network security devices due to rising incidences of data theft across the globe are some of the major factors that are supplementing the growth of enterprise/business firewall hardware market. Further, introduction of new policies such as BYOD (bring your own device) combined with increase in adoption of network security devices is believed to benefit the expansion of enterprise/business firewall hardware market over the forecast period.
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Growing Demand for Real-Time Cyber Threat Intelligence System
The growth of the enterprise/business firewall hardware market is riding on the back of growing cases of cyber-crimes leading to adoption of network security devices in various organizations. Further, stringent government policies for consumer privacy and development of next generation firewalls to provide protection from data theft and other malicious cyber-attacks is estimated to supplement the growth of the enterprise/business firewall hardware market over the forecast period.
However,slow adoption rate of latest technologies in developing & under developed nations combined with high cost of network security devices are expected to dampen the growth of the enterprise/business firewall hardware market in the near future.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.
This report also provides the existing competitive scenario of some of the key players of the enterprise/business firewall hardware market which includes company profiling ofCheck Point Software Technologies Ltd., Cisco Systems Inc., Fortinet Inc., Juniper Networks Inc., McAfee Inc., Palo Alto Networks Inc., AhnLab Inc., Huawei Technologies Co. Ltd. and WatchGuard Technologies Inc.
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the enterprise/business firewall hardware market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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