Firewall Management Market to accumulate profitable returns from the BFSI and retail sector, APAC to gain momentum as prominent regional till 2025

Asia Pacific Firewall Management Market size is driven by increasing number of organization sectors such as BFSI and retail, primarily in emerging economies such as India and China. High investment in the development of this technology is a major factor contributing toward the growth of North America firewall management industry.

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 industry 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.

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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 industry segment.

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.

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.

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 industry include Cisco, McAfee, Check Point Technologies Ltd., Zscaler, Inc., Palo Networks, Inc., Juniper Networks, Inc., Kaspersky Lab, Barracuda Networks Inc., and Comodo Group.

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