(MENAFN- America News Hour) The enterprise/business
firewall hardware market revolves around protecting the enterprise system from
data theft among various other security thefts and finds its applications in
numerous sectors such as e-commerce & retail, information technology,
government, telecommunication, manufacturing and healthcare among others.
In terms
of geography, North America dominated the overall enterprise/business firewall
hardware market in terms of revenue during 2016 and is expected to continue its
dominant stance over the forecast period owing to the increase in demand for
network security devices from various organizations. Factors such as increase
in investment to enhance network security across enterprise environments
combined with stringent government regulations regarding consumer privacy are
estimated to make Europe as the second largest region with highest market share
in terms of revenue in Enterprise/Business
Firewall Hardware Market . Further, the rise in security thefts is
estimated to drive Asia Pacific enterprise/business firewall hardware market
with tremendous growth over the forecast period.
The
global market of enterprise/business firewall hardware is anticipated to reach
notable revenue by the end of 2024 by expanding at a robust compound annual
growth rate over the period 2017-2024. The rising demand for real-time threat
intelligence firewall network security devices due to rising incidences of data
theft across the globe are some of the
major factors that are supplementing the growth of enterprise/business
firewall hardware market. Further, introduction of new policies such as BYOD
(bring your own device) combined with increase in adoption of network security
devices is believed to benefit the expansion of enterprise/business firewall
hardware market over the forecast period.
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Growing Demand for Real-Time Cyber Threat Intelligence
System
The growth of the enterprise/business
firewall hardware market is riding on the back of growing cases of cyber-crimes
leading to adoption of network security devices in various organizations.
Further, stringent government policies for consumer privacy and development of
next generation firewalls to provide protection from data theft and other
malicious cyber-attacks is estimated to supplement the growth of the
enterprise/business firewall hardware market over the forecast period.
However, slow
adoption rate of latest technologies in developing & under developed
nations combined with high cost of network security devices are expected to
dampen the growth of the enterprise/business firewall hardware market in the
near future.
The
report titled 'Enterprise/Business
Firewall Hardware Market: Global Historical Growth (2012-2016) & Future
Outlook (2017-2024) Demand Analysis & Opportunity Evaluation' delivers
detailed overview of the enterprise/business firewall hardware market in terms
of market segmentation by industry, end-user and by region.
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.
This
report also provides the existing competitive scenario of some of the key
players of the enterprise/business firewall hardware market which includes
company profiling of Check 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 WatchGuard Technologies Inc.
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report? Obtain Report Details @ https://www.researchnester.com/reports/enterprise-business-firewall-hardware-market/477
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 enterprise/business firewall
hardware market that 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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