The latest Firewall
Management Market analysis and
research report talks about major applications of Firewall Management, growth
of these segments as well as offers insights into companies active in this
industry and their information.
Firewall Management
Market size is anticipated to witness substantial growth during the forecast
time span owing to rising instances of security breaches by unauthorized
external agents. Intruders can gain access to a system for malicious purposes
such as extraction of sensitive information, remote login, session hijacking,
DDoS attack, trojan backdoor, or cookie theft.
Furthermore, hackers can
hack into an organization’s system and extract its clients’ personal and
financial information or use the organization’s connection for launching
viruses and worms from that system, leading to the loss of reputation. In June
2017, the PLATINUM hacker group designed and launched a system altering the
Intel Active Management Technology (AMT) to bypass the Windows Firewall. It
permitted attackers to exploit AMT’s Serial-over-LAN feature to run their code
on their operating systems and send files, such as new payloads, to develop and
run new versions of their malware.
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Increasing number of compliance and
regulatory mandates is further driving the firewall management market growth.
For instance, the PCI DSS, North American Electric Reliability Corporation
(NERC) and the National Institute of Standards and Technology (NIST) have
established configuration standards that include a list of requirements for a
firewall at each internet connection.
High costs and complexity are the
major factors restraining the growth of the firewall management market.
Firewall management is resource-intensive and includes administration, log
monitoring, responsive action planning, and management for security and device
health events. It requires a very high level of expertise for the prevention of
unauthorized access and expensive breaches and will further increase the
overall deployment and maintenance costs. Furthermore, the upkeep of the
systems is high as cybercrime is continuously evolving.
The complexity of an organization’s
network can lead to errors in analyzing the scalability of the security system
and hamper the firewall management market growth. Many organizations have
multiple vendor deployments as opposed to single vendor deployments, which can
further increase the complexity of an organization’s security system.
Increasing awareness about security
amongst SMBs and prevalence of customer-centric businesses that hold a large
amount of financial and personal customer data for business insight generation
are expected to streamline the growth of the firewall management market.
Multi-vendor deployment platforms are expected to grow in prominence over the
forecast time span. Several organizations, irrespective of their size, use
multiple security systems instead of just one for the entire organization.
The transition toward IPv6 is a key
reason furthering the firewall management market owing to interconnectivity
between various appliances and smart devices. Furthermore, the rise of IoT and
smart technology will lead to the rise in smart systems. For instance, CUJO is
a smart plug-and-play firewall system that acts as a bridge between the device
and the internet. It has a supporting mobile app for the monitoring and control
of its activity.
Firewall management market can be
segmented by type to include software and hardware. Software segment is
expected to dominate in terms of market share and is expected to experience a
high growth during the forecast time span. These allow thigher security, user
customization, and more control over its function and protection features.
Hardware systems in the firewall management market are pre-configured by the
vendor to prevent unauthorized access to a wireless or wired network from
intruders. These are effective with little to no configuration.
End use vertical segmentation of the
firewall management market comprises BFSI, healthcare, government and defense,
retail, transportation, consumer, and others. The penetration of these systems
in the BFSI sector is very high as they hold a large portion of critical
clientele information such as financial records. Furthermore, the increasing
number of cyber-attacks on the BFSI industry has caused many organizations
operating in this sector to undertake security solutions, thus contributing to
the firewall management market growth.
Segmentation of the firewall
management market based on organization size is bifurcated into SMEs and large
enterprises. Policy-driven regulations and the increasing awareness of
safeguarding the organization’s client data are anticipated to be major factors
prompting the high growth of the SME firewall management market segment.
Firewall management market
segmentation based on deployment model includes on-premise and cloud-based.
Businesses largely deploy on-premise systems. These systems allow businesses to
have a stronger control over all their data and have minimal risk network
security. Cloud-based systems are projected to experience a high growth as
compared to the on-premise as the total cost of ownership is reduced, allowing
important resources, such as capital and personnel, to be made available for
other important tasks.
High investment in the development
of this technology is a major factor contributing toward the growth of North
America firewall management market. Increasing number of organization sectors
such as BFSI and retail has led to a high demand of these systems in the Asia
Pacific market, primarily in emerging economies such as India and China.
Players operating in the global
firewall management market undertake various business strategies to augment
their growth and capture a larger market share. Companies operating in the
firewall management market include Cisco, McAfee, Check Point Technologies
Ltd., Zscaler, Inc., Palo Networks, Inc., Juniper Networks, Inc., Kaspersky
Lab, Barracuda Networks Inc., and Comodo Group. In March 2017, GoDaddy
announced the acquisition of Sucuri to aid in the launching of their security
service arm, GoDaddy Website Security and to gain access to the acquired
company’s customer base.
This latest Firewall
Management Market research
report offers in-depth analysis, key industry insights, market sizing &
forecast on a granular level for key products, applications across number of
regional markets. The report also analyzes the Firewall
Management from
business strategy perspective, describing in detail growth drivers, pitfalls
&challenges for participants, accompanied by a detailed competitive
benchmarking including company market share analysis and detailed business
profiles.
Reasons to Buy This Report
•
Global Firewall Management Market size & forecast by product
& application.
•
Growth drivers, pitfalls & industry challenges.
•
Key Firewall Management Market growth opportunities & emerging
business models.
•
Competitive benchmarking with market share analysis and company
profiles.
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