Growth in the hardware version of network security solutions in the coming years

 Globally, the network security equipment market is expected to grow from $8.45 billion in 2018 to $13.97 billion by 2023, growing at a CAGR of 10.6% over the forecast period 2019 -2013. The growing need to protect a company's network infrastructure from advanced threats and the need for faster performance of network security solutions are some of the key drivers for the widespread adoption of security appliances on the global network scale.


The network security appliances market also includes visibility, analytics, management software, and various services that enable enterprises to centrally manage their security appliances and keep their security solutions up-to-date and ready for use. 


Future in the face of all possible cyber threats. Organizations' growing adoption of cloud-based solutions in industries such as retail, BFSI, and the government will require a cloud-based security solution as their data is available on the cloud network. For example, according to  Coherent Market Insights analysis, from 2012 to 2016, nearly 59% of the BFSI industry has already changed its cloud workload. This is expected to lead to increasing demand for cloud-based security solutions, AI to protect their corporate infrastructures and sensitive data from cyber-attacks.


Another factor responsible for the growth of the cloud-based segment is the increased use of cloud-based web and messaging applications by organizations that need to protect their applications against advanced threats such as ransomware, APT, zero-day attacks, malware, and non-access. authorized. Hence, the cloud-based segment is expected to show positive growth over the forecast period. Network Security Firewall: Regional Information Based on region, the global network security firewall market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America accounted for the largest market share in the global network security market in 2017, owing to the increase in the number of cyber threats in verticals such as healthcare, banking and finance, retail, and manufacturing. 


For example, according to the Internet Crime Complaint Center (IC3), in 2016 cybercrimes were valued at over $1.33 billion worldwide, where California suffered losses of over $255 million. Additionally, in 2016, approximately 28% of web application attacks were recorded in the United States, followed by the Netherlands and Germany. Therefore, the organization needs new superior network security solutions that help minimize cyber threats.


Network Security Firewall: Competitive Background Major players operating in Network Security Firewall are Symsoft, Anam Technologies, Cellusys, SAP SE, Tata Communications Limited, Adaptive Mobile, AMD Telecom S., Evolved Intelligence, Hewlett Packard Enterprise, Mobileum, Omobio Pvt. ltd. and Openmind networks.

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