Network Security Firewall Market Size, Share, Growth Analysis, By Component(Solution, Services), By Solution(Signaling Firewall, SMS Firewall), By Services(Professional Services, Managed Services), By Deployment(On-premise, Cloud), By Type(Packet Filtering, Stateful Packet Inspection), By REGION(North America, U.S.) - Industry Forecast 2024-2031

To achieve competitiveness, the scenario of business has changed by promoting maximum agility by increasing the adoption of cloud computing, big data, and IoT among other. Over the last past years, due to this, the concerns associated with unauthorized access, data breaches, and account hijacking among others have increased significantly. In order to minimize the problems associated with data security, a network security firewall has emerged as one of the major essential tools for organizations. The growth of the network security firewalls market has ultimately driven order to protect data and information from security branches and cyber-attacks, and the implementation of network security firewalls is increasing in various organizations. One of the key factors driving the growth of the network security firewall market is the increasing adoption of cloud computing and its vulnerability to cyberattacks. Nowadays business enterprises are in a constant need to secure their data stored in cloud-base platforms. Rather than on a virtual cloud network, such data is more secure in data centers. While adopting cloud technology data security is considered one of the major challenges by organizations. For enforcing data security, a cloud-based firewall plays a vital role. In the form of web filtering, email security, and managing network traffic, among others, these solutions offer various features.