The global network security appliance market is estimated to grow at a significant CAGR during the forecast period. The major factors propelling the growth of the global network security appliance market include the need to protect the network infrastructure of an enterprise from organized hacker groups and advanced persistent threats. The network security appliances are mostly installed in the IT infrastructures where cybercriminals mostly occur.
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The network security appliances are the physical devices that access the digital network to the internet and secures the connection by filtering out malicious content and do not provide access to unauthorized entrants. The COVID-19 pandemic has positively affected the global network security appliance markets as the industries have been shifted towards the work from home settings, which encouraged employees to implement the use of network security services to protect from intrusions and cybercrimes. Additionally, development in major ICT companies and data-driven enterprises advancement including Amazon, Facebook, Microsoft, IBM, others have been driving the growth of the market.
The key players contributing to the growth of the global network security appliance market by adopting various strategies such as product launches and developments, mergers and acquisitions, partnerships, and agreements, include Cisco Systems, Inc., Palo Alto Networks, Inc., Fortinet, Inc., Check Point Software Technologies Ltd., Symantec Corporation, Sophos Ltd., Juniper Networks, Inc., Forcepoint LLC, and Barracuda Networks, Inc. among others. For instance, in February 2017, Kerio Technologies launched new network security hardware appliances which are Wi-Fi-enabled. These are NG100W and NG300W which include next-generation firewall and router, gateway virus, VPN, content filtering, intrusion detection and prevention, and are integrated with Wi-Fi.
Market Segmentation
By Component
- Product
- Software & Services
By End-User
- BFSI
- Government & Defense
- IT & Telecom
- Healthcare
- Retail
- Energy & Utilities
- Others
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Network Security Appliance Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Cisco Systems, Inc.
- Palo Alto Networks, Inc.
- Fortinet, Inc.
- Check Point Software Technologies Ltd.
- Symantec Corp.
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