North America Network Security Firewall Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Component (Solution and Services) and Deployment (On-Premise and Cloud)

Market Introduction

The advanced technology is growing at a rapid pace owing to the surge in demand in the wide range of sectors. The evolving cyber-attacks has significantly increased, and the organizations are making significant investments in cyber security solutions. The increasing vulnerabilities, advancements in digital transformation, and others are making a significant impact on the network security firewall market. Organizations are making significant investments for dynamic network infrastructure which is a key factor driving the network security firewall market.  Thus, the rise in adoption of cloud and BYOD technology expected to create a significant demand for network security firewall in the coming years, which is further anticipated to drive the network security firewall market. Furthermore, the threat of coronavirus resulting the disease COVID-19 is expected to have disruptive impact on the economy of US and Canada. It has disrupted the supply of goods resulting the US companies to fulfill the orders. It has resulted to reduced labor on supply side, slowdown in the demand for products, and services other side.

Market Overview and Dynamics

The network security firewall market in North America is expected to grow from US$ 1067.7 Mn in 2018 to US$ 2414.0 Mn by 2027; it is estimated to grow at a CAGR of 9.6% from 2019 to 2027. Emergence of new network security threats and attacks to reinforce the demand for network security firewall in future will create more opportunities in the network Security firewall market. The coming years are anticipated to come up with higher sophistication of spiteful hacking. Majority of network security attacks and hacking is projected to become even more high profile, reinforcing the criticality of network security. Most recently there have been significant surge in emergence of network security threats that are persistently imposing a persistent pressure on the businesses to strengthen their network security. According to the Online Trust Alliance, the rate of cyber breach had nearly doubled from 82,000 in 2016 to 159,700 in 2017. Owing to the increasing trend of cyber threat, the network managers across various industries emphasizing on security infrastructure and upgrading the plans to overcome evolving network threats, such as DDOS attacks, Network based Ransom ware, and insider threats. This will strengthen the growth off network security firewall market in North America.

Key Market Segments

In terms of component type, the solution segment accounted for the largest share of the North America network security firewall market in 2018. In terms of deployment, the cloud segment held a larger market share of North America network security firewall market in 2018.

 Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the North America network security firewall market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Adaptive Mobile Security, AMD Telecom S.A., ANAM Technologies, Cellusys, Cisco Systems, Inc.,Mobileum Inc.,  Openmind Networks, SAP SE, Symsoft AB (Sinch ).

Reasons to buy report

• To understand the North America network security firewall market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for the North America network security firewall market.
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments form the North America network security firewall market.
• Obtain market revenue forecast for market by various segments from 2019-2027 in North America.

NORTH AMERICA NETWORK SECURITY FIREWALL MARKET SEGMENTATION

By Component

• Services
• Solution

• •   SMS
    • A2PSMS
    • P2ASMS

• • Signalling
    • SS7
    • Diameter

By Deployment

• On premise
• Cloud

By Country

• US
• Canada
• Mexico

Company Profiles

• Adaptive Mobile security
• AMD Telecom S.A.
• ANAM Technologies
• Cellusys.
• Cisco Systems, Inc.
• Mobileum Inc.
• Openmind Networks
• SAP SE

• Symsoft AB (Sinch)

1. Adaptive Mobile security
2. AMD Telecom S.A.
3. ANAM Technologies
4. Cellusys
5. Cisco Systems, Inc.
6. Mobileum Inc.
7. Openmind Networks
8. SAP SE
9. Symsoft AB (Sinch)

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• Scrutinize in-depth North America market trends and outlook coupled with the factors driving the network security firewall market, as well as those hindering it
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