Menu

Integrated security offerings present strong opportunities for growth in the market, finds Frost & Sullivan’s Digital Transformation team

SANTA CLARA, Calif. – Apr. 5, 2017 – Next generation firewalls (NGFW) offering advanced visibility within the layers of application traffic, user identification and threat detection are proving game changers for the global network firewall market. Unified threat management (UTM) firewalls further barricade networks through integrated anti-spam, URL filtering, and gateway antivirus. Firewall vendors are integrating advanced security technologies such as advanced malware sandbox (AMS) inspections and endpoint detection and response (EDR) with network firewalls, to deliver a high degree of value to customers and drive product uptake.

New Frost & Sullivan analysis, The Global Network Firewall Market, finds the market will grow at a compound annual growth rate (CAGR) of 12.7 percent between 2016 and 2021, growing to revenue of $10.1 billion. The study also reveals the overall market size, top competitors and parameters that customers use to select the right firewall solution.

To know more about Frost & Sullivan’s research and to sign up for our Growth Strategy Dialogue, a complimentary one-hour interactive session, with Frost & Sullivan thought leaders please go to https://goo.gl/LVZkvn

“Firewalls currently perform a range of threat detection and policy enforcement functions; their roles continue to expand to integrate within all parts of the modern enterprise network,” said Frost & Sullivan’s Network Security Senior Industry Analyst Chris Rodriguez. “As a result, this will not only raise revenues but also increase the level of competition in the market place.”

Despite the market potential, firewall vendors face significant challenges such as end-user preference for point products in enterprise networks, confusion within an organization regarding firewall management, and technology shyness among traditional firewall loyalists. Established participants such as Check PointPalo Alto NetworksCisco and Fortinet, are overcoming these issues by focusing on powerful firewall solutions that function as a key control point in initiating network security processes.

“NGFW and UTM firewalls are in demand in every Internet-connected organization, spanning most vertical industries,” observed Rodriguez. “However, widely varying customer needs creates room for innovation and differentiation among vendors. Holistic, integrated security offerings will provide more value to customers than point products, and present strong opportunities for growth.”

The Global Network Firewall Market is part of Frost & Sullivan’s Network Security Growth Partnership Service program.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

The Global Network Firewall Market
K140-74

Contact:
Clarissa Castaneda
Corporate Communications – North America
P: 210.477.8481
F: 210.348.1003
E: clarissa.castaneda@frost.com

About Frost & Sullivan

Frost & SullivanFor over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

About Frost & Sullivan

Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Have Questions?

We have Answers.

Schedule a Complimentary Growth Strategy
Dialogue with an Industry Expert

877.GoFrost

(877.463.7678)

myfrost@frost.com

COVID-19 Growth Pipeline Diagnostic™

In less than 15 minutes, you will be provided insight to more accurately assess your company.

This Covid-19 Growth Pipeline Diagnostic™ will provide you with a benchmark on how well your company is prepared to grow in the future. The ten questions are based on best practices of the top 10% of companies that consistently achieve their growth potential.

Powering Clients to a Future Shaped by Growth

   

Subscribe to the Growth Opportunity Newsletter!

Share This
X