A network security firewall involves management of the network traffic by controlling the entrance of threat across networks. The major benefits of network security firewalls is to improve the network security by protecting it against various threats such as botnets, command and control servers, advanced persistent threats (APTs), and zero-day threats. Hence, network firewall security will help in stopping unauthorized access to users, which is one of the factors for growth of the market.
Increasing adoptions of Big Data, IoT, cloud computing, and others have changed the scenario of business needs, in order to promote maximum agility to achieve competitiveness. Due to this, concerns regarding data breaches, account hijacking, unauthorised access, and others has also increased. Hence, network security is one of the major concerns for organizations, in order to minimize the issues related to data security. Furthermore, network security also helps organisations in protecting critical applications from disruption so that employees can stay on task without facing server outages, email downtime or data loss, which helps to boost productivity. Hence, all these features of network security helps organisations, which is propelling growth of the network security firewall market.
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The cloud-based segment is expected to have the largest market share during the forecasted period. Increasing adoption of cloud-based solutions by organisation in industries such as retail, BFSI, and government will require cloud-based security solution as their data is available in the cloud network. For instance, according to the Coherent Market Insights’ analysis, in 2012–2016 almost 59% of BFSI sector already shifted their work load on the cloud. This is expected to lead to increasing demand for cloud-based security solutions, in order to secure their business infrastructures and sensitive data from cyber-attacks. Another factor responsible for growth of cloud-based segment is increased usage of cloud-based web and email application by organizations that need to protect their applications from advanced threats such as ransomwares, APTs, zero-day attacks, malwares, and unauthorized access. Hence, cloud-based segment is expected to exhibit positive growth in the forecasted period.
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Key players operating in the network security firewall are Symsoft, Anam Technologies, Cellusys, SAP SE, Tata Communications Limited, Adaptive Mobile, AMD Telecom S.A., Evolved Intelligence, Hewlett Packard Enterprise, Mobileum, Omobio Pvt. Ltd., and Openmind Networks. With growing competition in the market, players are adopting mergers & acquisitions and partnership strategies, to gain competitive advantage in the market. For instance, in June 2016, Cellusys partnered with Sonus Networks, Inc., to provide mobile and fixed network operating solutions, which is a multi-layer signalling System 7 (SS7) security solution. Therefore, this strategy provides a network protection to subscribers from illegal tracking, call intercept, fraud and Denial of Service (DoS) attacks.
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