Enterprise/Business Firewall Software Market by Emerging Trends, Share, Growth Rate, Opportunities And Market Forecast To 2024

The MarketWatch News Department was not involved in the creation of this content. Sep 23, 2020 (AmericaNewsHour) — The global enterprise/business firewall software market is segmented to development type such as on-premise and cloud. Among these segments,On-Premise segment is anticipated to flourish in the upcoming year. Firewall software market is […]

The MarketWatch News Department was not involved in the creation of this content.

Sep 23, 2020 (AmericaNewsHour) —
The global enterprise/business firewall software market is segmented to development type such as on-premise and cloud. Among these segments,On-Premise segment is anticipated to flourish in the upcoming year. Firewall software market is booming across the globe on the account of increasing population and prevents hackers from intercepting private data from the networked computers. Growing demand for business firewall inE-commerce industry is anticipated to impel the growth of the business firewall market. Further, increasing demand for innovative and advanced technology to protect from theft, malicious attacks and unauthorized access is envisioned to flourish the growth of enterprise/business firewall software market.

Global enterprise/business firewall software marketis expected to flourish at a significant CAGR of 6.2% during the forecast period. Rising population and adoption of advance technological products which protect the data from hacking and prevent healthy environment on business PC are some of the key factors driving the growth of the Enterprise/Business Firewall Software market. Moreover, the global enterprise/business firewall software expected to showcase significant growth during the forecast period.

In the regional platform, North America captured the largest market share in overall enterprise/business firewall software marketand is expected to continue its dominance over the forecast period. Further,presence of numerous enterprises in North America region is believed to foster the growth of enterprise/business firewall software market.Further, increasing disposable income and rising demand for business firewall software in various government organizations is expected to accelerate the growth of enterprise/business firewall software market in the upcoming years. Europe region accounted for the second largest market of enterprise/business firewall software in terms of revenue in 2016. Additionally, the growth of Europe region can be attributed to various factors such as advancement in firewall software security solutions and rapid urbanization.

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Further, Asia Pacific growth is attributed to the expanding enterprise networks and increasing security concerns among the small and medium enterprises. Likely, Japan and China are believed to be the major contributor in the growth of enterprise/business firewall software market in this region during the forecast period.

Significant Growth of Cyber Crimes

Rising prevalence of data theft and growing number of cyber-crimes across the globe are believed to be the dynamic factor behind the rapid growth of enterprise/business firewall software market by the end of 2024. Further, increasing demand for innovative and advanced technology to protect from theft, malicious attacks and unauthorized access is envisioned to flourish the growth of enterprise/business firewall software market. In addition to this, growing adoption of firewall software solution by small and medium enterprises in developed and developing nation such as U.S., Japan, China and others is predicted to fuel the growth of enterprise/business firewall software market.

Government Regulation and Enactment of Firewall Software

Government of different regions have implemented the stringent policies regarding consumer privacy and increasing demand for firewall software solution equipped with various functions such as deep packet inspection (DPI) firewall, Intrusion Prevention System, QoS/bandwidth management and others are projected to propel the growth of enterprise/business firewall software market.

In contrast high cost of the firewall software solutions and less adoption of firewall software solutions by small enterprises in underdeveloped nations are anticipated to hamper the growth of enterprise/business firewall software market.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

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This report also provides the existing competitive scenario of some of the key players of the globalenterprise/business firewall software market whichincludes company profiling ofCheck Point Software Technologies Ltd., Cisco Systems, Inc., Fortinet Inc., Juniper Networks Inc., McAfee Inc., Palo Alto Networks Inc., AhnLab, Inc., Huawei Technologies Co., Ltd., and Watch Guard Technologies Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global enterprise/business firewall softwarethat will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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The post Enterprise/Business Firewall Software Market by Emerging Trends, Share, Growth Rate, Opportunities And Market Forecast To 2024 appeared first on America News Hour.

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