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Network Security Firewall Market Likely to be $5.3 Bn by 2023 – Report

Telecom

The global network security firewall market size is expected to grow from USD 3.0 billion in 2018 to USD 5.3 billion by 2023, at a CAGR of 12.2% during the forecast period.

According to the market research report by ResearchAndMarkets.com, due to the growing momentum of interconnected devices, the risk of security breach increased as the fraudsters found alternatives such as SMS SPAMs and SMS fraud through grey routes to exploit personal information over the organization’s network. Real-time streaming analysis and filtering of SS7 vulnerabilities have been major components of network security firewall and firewall developers are using fraud detection techniques to monitor the traffic behavior of the network.

Telecom organizations use network security firewall tools to dynamically extract traffic patterns from the packets transmitted as well as received at the network and continuously check network behavior against malicious contents, and to report all detected anomalies.

The telecom sector has revolutionized the world in terms of communication and technology in the last 3 decades. According to a report by the Global System for Mobile Communications Association (GSMA), the proliferation of mobile devices and smartphones has resulted in 5.1 billion subscriptions of mobile services around the world, accounting for 67% of the global population in 2018.

A total of 1 bn new subscribers have been added in the last 4 years since 2013. With an increased subscriber base, new threats have arisen that affect the global network and disrupt the services that CSPs offer.

The telecom service providers deploy various network security measures to counter threats such as Denial of Service (DoS), Distributed Denial of Service (DDoS), phishing, and data theft. The security measures include Unified Threat Management (UTM), identity and access management, encryption, intrusion detection systems, antivirus, and firewalls.

The Key Topics Covered in the Report includes:

  1. Introduction
  2. Research Methodology
  3. Executive Summary
  4. Premium Insights
  5. Market Overview and Industry Trends
  6. Market, By Component
  7. Network Security Firewall Market, By Solution
  8. Network Security Firewall, By Service
  9. Network Security Firewall, By Type
  10. Network Security Firewall, By Deployment
  11. Network Security Firewall Market, By Region
  12. Competitive Landscape
  13. Company Profiles

For more information about this report: Click here

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Jyoti Gazmer

A Mass Comm. graduate believes strongly in the power of words. A book lover who dreams to own a library some day. An introvert but will become your closest friend if you share mutual feelings about COFFEE. I prefer having more puppies over humans.

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