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

  • Report ID: 483

Global /Enterprise/Business Firewall Router Market Overview

Enterprise/business firewall router is defined as a physical device which helps to protect the enterprise system from numerous threats such as data theft, ransomware and controls the flow of unauthorized traffic. Enterprise/business firewall router is widely used by large and medium enterprise to protect their systems from threats.  

Market Size and Forecast

The global enterprise/business firewall router market is expected to grow at a robust growth over the forecast period i.e. 2017-2024. Further, rising network security threats such as hackers, ransomware and others and increasing government regulations regarding consumer privacy are envisioned to bolster the growth of enterprise/business firewall router market across the globe. Additionally, riding on the back of expanding enterprise networks and increasing security challenges are believed to boost the demand for enterprise/business firewall router market.

Enterprise/Business Firewall Router

On the basis of end-user, global enterprise/business firewall router market is segmented into small enterprises, medium enterprise and large enterprises. Further, the large enterprises segment is expected to dominate the overall segment by the end of 2024. Likely, this growth of large enterprises segment is attributed to the increasing adoption of firewall router to protect their systems from threats.

In terms of geography, North America accounted for the largest market of enterprise/business firewall router in terms of revenue in 2016. Further, North America region is expected to continue its dominance during the forecast period aided by U.S. Likely, development of modern network firewalls with multifunctional security capabilities such as intrusion prevention service (IPS) and increasing number of cyber-crimes are believed to bolster the growth of enterprise/business firewall router market in this region.

Europe region captured 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 rising investment to enhance network security across enterprise environments and increasing strict government regulations regarding consumer privacy.

Asia-Pacific region is believed to be the fastest growing enterprise/business firewall hardware market during the forecast period owing to rapid urbanization and growing enterprise networks. Japan and China are the major countries driving the growth of enterprise/business firewall hardware market in this region due to high adoption of firewall network to minimize network threats.

Market Segmentation

Our in-depth analysis segmented the global enterprise/business firewall router 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

Enterprise/Business Firewall Router Market

By Region

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

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

Increasing demand for innovative and advanced technology to protect enterprise systems from theft, malicious attacks and unauthorized access is envisioned to flourish the growth of enterprise/business firewall router market. Further, stringent government policies regarding consumer privacy is believed to be the dynamic factor behind the rapid growth of enterprise/business firewall router market across the globe. Moreover, growing concerns to limit the network security risks across various organizations is projected to bolster the growth of enterprise/business firewall router market by the end of 2024.

Furthermore, growing advancement in network security devices and increasing number of cyber-crimes are predicted to bolster the growth of enterprise/business firewall router market. Likely, emergence of new policies such as bring your own device coupled with rising security concerns is predicted to propel the growth of enterprise/business firewall router market.  

However, high cost of network security routers is anticipated to hamper the growth of enterprise/business firewall router market. Moreover, less adoption of firewall router by small enterprises is also projected to hinder the growth of enterprise/business firewall router market during the forecast period.

Key players

The major key players for enterprise/business firewall router 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.
  • Palo Alto Networks Inc.
  • HP Inc.
  • Huawei Technologies Co., Ltd.
  • WatchGuard Technologies, Inc.
  • AT&T Corporation

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global enterprise/business firewall router 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

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