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Enterprise/Business Firewall Hardware Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

Published On : 09:40 AM, 14th September, 2017 REP-ID-477 Category: ICT & Electronics

Global Enterprise/Business Firewall Hardware Market Overview

Enterprise/business firewall hardware is referred to a network security device that controls the flow of unauthorized traffic. A hardware firewall uses packet filtering to examine the header of a packet to determine its source and destination. Business firewall hardware is an innovative technology equipped with numerous functions to protect the enterprise system from various threats such as data theft.

Market Size and Forecast

The global enterprise/business firewall hardware market is expected to grow at a robust growth over the forecast period i.e. 2017-2024. Additionally, the factors propelling the growth of enterprise/business firewall hardware market includes growing incidence of data theft and rising demand for real-time threat intelligence firewall network security devices. Likely, introduction of new policies such as bring your own device (BYOD) along with growing adoption of network security devices is believed to boost demand for enterprise/business firewall hardware.

Enterprise/Business Firewall Hardware

In terms of regional platform, North America accounted for the largest market of enterprise/business firewall hardware in terms of revenue in 2016. Further, North America is expected to continue its dominance over the forecast period owing to growing demand for network security device from numerous organizations. Additionally, U.S. is the dominating country of enterprise/business firewall hardware market due to high preference for business security devices and continuous adoption high performing network security solutions.

Europe region captured for the second largest market of enterprise/business firewall hardware in terms of revenue in 2016. Further, Western Europe countries such as Germany, U.K and others are witnessing the augmented demand for enterprise/business firewall hardware due to increasing investment to enhance network security across enterprise environments and increasing strict government regulations regarding consumer privacy.

Asia-Pacific region is believed to show a tremendous growth by the end of 2024. Additionally, the growth of enterprise/business firewall hardware is riding on the back of growing enterprise networks and increasing network security threats. Japan and China lead the Asia-Pacific enterprise/business firewall hardware market in 2016.

Market Segmentation

Our in-depth analysis segmented the global enterprise/business firewall hardware market in the following segments:

By Industry

  • E-commerce & Retail,
  • Information Technology,
  • Government,
  • Telecommunication,
  • Manufacturing,
  • Healthcare
  • Others

By End-User

  • Small enterprise
  • Medium enterprise
  • Large enterprise

By Region

Global enterprise/business firewall hardware market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Enterprise/Business Firewall Hardware Market

Growth Drivers and Challenges

Factors such as growing advancement in network security devices and increasing number of cyber-crimes are believed to be the major factor behind the rapid growth of enterprise/business firewall hardware market across the globe. Further, development of next generation firewalls to protect the enterprises network from numerous threats such as data theft, malicious attacks and others is envisioned to bolster the growth of enterprise/business firewall hardware market by the end of 2024. Additionally, evolution of firewall technology coupled with rising network security investment by several enterprises is projected to flourish the growth of enterprise/business firewall hardware market.

Furthermore, growing strict policy & regulations regarding consumer privacy and emergence of new policies such as bring your own device are predicted to propel the growth of enterprise/business firewall hardware market. In addition to this, rising demand for advanced security devices from large and medium enterprise is expected to propel the of enterprise/business firewall hardware market.

However, high cost associated with the network security devices is anticipated to hamper the growth of enterprise/business firewall hardware market. Moreover, slow rate adoption of new technologies in developing and underdeveloped nations is also projected to hinder the growth of enterprise/business firewall hardware market during the forecast period.

Key players

The major key players for enterprise/business firewall hardware market are as follows

  • Check Point Software Technologies Ltd.
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Cisco Systems, Inc.
  • Fortinet Inc.
  • Juniper Networks Inc.
  • McAfee Inc.
  • Palo Alto Networks Inc.
  • AhnLab, Inc.
  • Huawei Technologies Co., Ltd.
  • WatchGuard Technologies, Inc.

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global enterprise/business firewall hardware market is segmented as follows:

  • By Industry Market Size & Y-O-Y Growth Analysis
  • By End-User Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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