Network Security Firewall Market Worth 4.80 Billion USD by 2022
PUNE, India, September 13, 2017 /PRNewswire/ --
According to a new market research report "Network Security Firewall Market by SMS Firewall (A2P and P2A Messaging), Signalling Firewall (SS7 and Diameter), Service (Professional and Managed), Deployment Type (On-Premises, Cloud, and NFV), and Region - Global Forecast to 2022", published by MarketsandMarkets(TM), the market size is expected to grow from USD 2.65 Billion in 2017 to USD 4.80 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 12.5%.
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The major forces that are said to be driving the growth of the Network Security Firewall Market include the growing network security and privacy concerns, the increasing vulnerabilities in Signaling System 7 and diameter protocols, and the encouraging administrative regulations. Moreover, the advancements in digital transformation in the telecommunication industry and the high adoption rate among Mobile Network Operators and Mobile Virtual Network Operators are also some of the factors that are likely to be driving the market growth.
The SMS firewall segment is expected to be the fastest growing solution in the Network Security Firewall Market during the forecast period
The growth of the mobile subscribers has fueled the growth of the SMS firewall solution. The telecom service providers use it as a means for marketing products/services, promoting their brand, and authenticating the customer's identity. Application-to-Person (A2P), Person-to-Application(P2A), and Person-to-Person (P2P) messaging are the types of text messages use by telecom operators. The SMS firewall addresses most of the concerns of the MNOs, such as grey route messaging, anti-spam, and illicit traffic. The vulnerabilities in the MNO signaling systems are threatening the user's privacy and can lead to user location tracking, fraud, Denial of Service (DoS), or even call interception
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The on-premises deployment type is expected to hold the largest market share in the Network Security Firewall Market during the forecast period
Deployment refers to the setting up of a computer system with the hardware systems, operating systems, and applications, required to run the software. The on-premises deployment type refers to the on-premises installation of software and solutions. These solutions are delivered on a one-time license fee and an annual service agreement, which includes free upgrading and installation of new functionalities. The deployment of on-premises firewall requires a huge infrastructure and individual data centers. The deployment of on-premises solutions requires dedicated IT staff for the maintenance and support of such high-end IT infrastructure.
North America is expected to have the largest market share in the Network Security Firewall Market during the forecast period.
North America is expected to hold the largest market share and dominate the Network Security Firewall Market during the forecast period. The region has the presence of major sustainable and well-established companies, who invest substantially in R&D activities, thereby contributing to the development of new security technologies. The region comprises countries such as the US and Canada, which are witnessing a phenomenal adoption of network security firewall solutions. The primary reason behind this movement is the non-stringent regulations of US telecom regulatory body, Federal Communications Commission (FCC). The regulations made by FCC are less stringent as compared to the old administration, and by rolling back several stringent regulations of the previous regime, FCC benefited most of the telecom operators to choose and implement new services and solution
The major vendors in the Network Security Firewall Market include Symsoft (Sweden), Cellusys (Ireland), Adaptive Mobile (Ireland), Evolved Intelligence (UK), Mobileum (US), Tata Communication (India), AMD Telecom (Greece), Openmind Networks (Ireland), Anam Technologies (Ireland), SAP (Germany), and HPE (US)
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