Global Network Security Appliance Market - Overview Market Research Future (MRFR), in its recently published research report, asserts that the global Network Security Appliance Market 2020 is booming and expected to grow exponentially over the review period, recording a substantial market valuation from USD 8.45 billion in 2018 to USD 13.97 billion by 2023, and a healthy 10.6% CAGR in the forecast period. Multiple Factors to Augment Market Growth The necessity to secure an enterprise's network infrastructure from all of these threatened and advanced hackers is one of the key causes driving the growth of network security appliances. Furthermore, the faster performance of network security solutions is required. Other causes include acceptance in practically all industry verticals, as all organizations require network layers in their most critical form. Network security appliances must be deployed in IT systems where fraudsters typically perform a tax. Moreover, the rising business worldwide, which is becoming smaller with digital networks, is one of the prospects that has boosted the network security appliance industry. The upcoming cyber risks have become a matter of concern, necessitating an in-depth study in order to raise user awareness. Furthermore, the pandemic proved to boost market growth through work-fromhome opportunities. As work from home became the only option, network security became critical. This is how opportunities grow, and the market expands. Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/7054 Competitive Analysis The major market players operating in the global network security appliance market as identified by MRFR are Palo Alto Networks, Inc., Cisco Systems, Inc., Fortinet, Inc., Symantec Corporation, Check Point Software Technologies Ltd., Sophos Ltd., Forcepoint LLC, Juniper Networks, Inc., and Barracuda Networks, Inc. Segmental Analysis The global network security appliance market is segmented into industry verticals, components, and regions. Based on the component, the market is divided into the product, visibility, analytics, and management software; and services. The products covered in the study are firewalls, nextgeneration firewalls (NGFWs) and unified threat management (UTM), intrusion detection system (IDS) and intrusion prevention system (IPS), sandboxing, distributed denial of service (DDoS) protection, and web security. The services segment is further bifurcated into professional and managed services. The professional services covered in the study are consulting services, support and maintenance services, system integration services, and training and education services. Based on the industry vertical, the market is segmented into government and defense, BFSI, IT and telecom, retail, healthcare, energy and utilities, manufacturing, and others.
Network Security Appliance Market Size, Research Report - Global Forecast to 2030
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