The Network Security Firewall Market size was USD 7.05 Billion in 2023 and is expected to Reach USD 36 Billion by 2031 and grow at a CAGR of 22.6% over the forecast period of 2024-2031.
A network security firewall is a device that monitors and controls incoming and outgoing network traffic. It is used to protect networks from unauthorized access, malicious activity, and data breaches. The use of network security firewalls is increasing due to the growing number of cyber threats. Organizations of all sizes are adopting network security firewalls to protect their networks and data. The increasing use of mobile devices is also driving the demand for network security firewalls that can protect mobile traffic. Organizations are increasingly demanding network security firewalls with advanced security features, such as intrusion detection and prevention, sandboxing, and threat intelligence. In 2022, the web application firewall segment dominated the network security firewall market with a market share of 32.2%. The WAF segment is expected to continue to dominate the market during the forecast period due to the increasing number of web-based attacks.
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KEY DRIVERS
Increase in cybercrime
The growing adoption of cloud computing is also driving the growth of the market.
The increasing number of cybercrime attacks is driving the growth of the network security firewall market. Organizations are increasingly adopting network security firewalls to protect their networks from these attacks.
RESTRAIN
Complexity of Network Security Firewall
Network security firewalls can be expensive, especially for high-end models with advanced features. This can be a barrier for some organizations, especially those with limited budgets.
Network security firewalls are complex devices that require specialized knowledge to configure and manage. This can be a barrier for some organizations, especially small and medium-sized businesses.
OPPORTUNITY
Increased government regulations
The growing adoption of cloud computing is creating a opportunities for firewall vendors to develop cloud-based firewall solutions.
Increased government regulations on data privacy and security are creating a need for network security firewalls that can help organizations comply with these regulations. This is providing opportunities for firewall vendors to develop solutions that meet these regulations.
CHALLENGES
The proliferation of IoT devices
The proliferation of IoT devices is creating a new attack surface for cybercriminals. This is a challenge for network security firewalls, as they need to be able to protect these devices from attack.
The war has had a significant impact on the network security firewall market in Eastern Europe, as well as in other regions that are strategically important to Russia and Ukraine. For example, the war has led to increased cyber-attacks against organizations in Poland, Romania, and the Baltic states. WAFs are used to protect web applications from attack. The war has led to an increase in the number of web-based attacks, which has increased demand for WAFs. UTM systems are used to provide a comprehensive set of security features, such as firewall, IPS, and WAF. The war has led to an increase in demand for UTM systems, as organizations look for ways to protect themselves from a variety of cyber threats. According to a report by the International Data Corporation (IDC), the global network security firewall market is expected to grow from $4.77 billion in 2022 to $5.74 billion in 2023. The war in Ukraine is expected to have a negative impact on the market, but the overall growth trend is expected to continue.
IMPACT OF ONGOING RECESSION
The ongoing recession is expected to have a negative impact on the network security firewall market. This is because businesses are likely to cut back on IT spending during a recession. As a result, the demand for new firewall products and services is likely to decline. The market size is expected to decline by 2-3% in 2023. The revenue growth rate is expected to slow down to 5-6% in 2023. The number of new firewall deployments is expected to decline by 10-15% in 2023. Palo Alto Networks reported that its revenue growth slowed down to 8% in the first quarter of 2023. Cisco announced that it would be laying off 5,500 employees due to the recession. A focus on security automation and orchestration. Increased demand for security solutions that can protect against emerging threats. These changes are being driven by the need for businesses to save money and improve their security posture during the recession. As a result, the network security firewall market is likely to undergo significant changes in the coming years.
By Component
Solution
Services
By Solutions
Signalling Firewall
SMS Firewall
By Deployment Model
On-premise
Cloud
Virtualization
By Type
Packet Filtering
Stateful Packet Inspection
Next-generation Firewall
Unified Threat Management
North America
USA
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSIS
North America is expected to be the largest market for network security firewalls in 2022. This is due to the region's high adoption of network security solutions, the increasing number of cybercrime attacks, and the increasing government regulations on data privacy and security. North America is one of the most mature markets for network security solutions. This is due to the high awareness of cyber threats and the willingness of organizations to invest in security solutions. North America is also one of the most targeted regions for cybercrime attacks. In 2021, the region accounted for 20% of all global cybercrime attacks. This is driving the demand for network security firewalls to protect organizations from these attacks.
The Asia Pacific region is expected to be the fastest-growing market for network security firewalls in 2022. This is due to the increasing adoption of cloud computing, the growing number of cybercrime attacks, and the increasing government regulations on data privacy and security. Asia Pacific is one of the most vulnerable regions to cybercrime. In 2021, the region accounted for 23% of all global cybercrime attacks. This is driving the demand for network security firewalls to protect organizations from these attacks. Governments in Asia Pacific are increasingly introducing regulations on data privacy and security. This is driving the demand for network security firewalls to help organizations comply with these regulations.
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The major key players in the Network Security Firewall Market are Cisco Systems Inc., Barracuda Networks, Inc., Check Point Solution Technologies Ltd., Juniper Networks, Inc., Cato Networks Ltd., Palo Alto Networks., Fortinet, Inc., Force Point LLC, Sophos Ltd., Zscaler, Inc., Watch Guard Technologies, Inc., Sonic Wall, and other players.
Palo Alto Networks: In June 29, 2023, Palo Alto Networks announced, the release of its new Prisma Access cloud-delivered security platform. Prisma Access provides a unified security solution for all users, regardless of their location or device. The platform includes a number of new features and capabilities, such as support for Zero Trust Network Access, cloud-native security posture management, and more.
Fortinet: In April 20, 2023, Fortinet announced, the release of its new Fort iGATE 7.0 firewall software. The new software includes a number of new features and enhancements, such as support for 5G networks, improved performance, and more powerful threat detection and prevention capabilities.
| Report Attributes | Details |
| Market Size in 2023 | US$ 7.05 Billion |
| Market Size by 2031 | US$ 36 Billion |
| CAGR | CAGR of 22.6% From 2024 to 2031 |
| Base Year | 2022 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Solution, Services) • By Solution (Signalling Firewall, SMS Firewall) • By Deployment Model (On-premise, Cloud, Virtualization) • By Type (Packet Filtering, Stateful Packet Inspection, Next-generation Firewall, Unified Threat Management) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Cisco Systems Inc., Barracuda Networks, Inc., Check Point Solution Technologies Ltd., Juniper Networks, Inc., Cato Networks Ltd., Palo Alto Networks., Fortinet, Inc., Force Point LLC, Sophos Ltd., Zscaler, Inc., Watch Guard Technologies, Inc., Sonic Wall |
| Key Drivers | • Increase in cybercrime • The growing adoption of cloud computing is also driving the growth of the market. |
| Market Opportunity | • Increased government regulations • The growing adoption of cloud computing is creating a opportunities for firewall vendors to develop cloud-based firewall solutions. |
Ans. The Compound Annual Growth rate for Network Security Firewall Market over the forecast period is 23.1 %.
Ans. USD 29.5 Billion is the Company's projected Network Security Firewall Market size by 2030.
Ans. firewall is a security device that monitors and manages both inbound and outbound traffic between a private network and the public internet.
Ans. A packet-filtering firewall is a type of firewall that filters network traffic based on the source and destination addresses and ports of the packets.
Ans. increased demand for network security and privacy, advancement of digital transformation in the telecommunication industry, real-time streaming analysis, and administrative regulations encouraging demand for network security firewalls.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Recession
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Network Security Firewall Market Segmentation, by Component
8.1 Solution
8.2 Services
9. Network Security Firewall Market Segmentation, by Solutions
9.1 Signalling Firewall
9.2 SMS Firewall
10. Network Security Firewall Market Segmentation, by Deployment Model
10.1 On-premise
10.2 Cloud
10.3 Virtualization
11. Network Security Firewall Market Segmentation, by Type
11.1 Packet Filtering
11.2 Stateful Packet Inspection
11.3 Next-generation Firewall
11.4 Unified Threat Management
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Network Security Firewall Market by Country
12.2.2 North America Network Security Firewall Market by Component
12.2.3 North America Network Security Firewall Market by Solutions
12.2.4 North America Network Security Firewall Market by Deployment Model
12.2.5 North America Network Security Firewall Market by Type
12.2.6 USA
12.2.6.1 USA Network Security Firewall Market by Component
12.2.6.2 USA Network Security Firewall Market by Solutions
12.2.6.3 USA Network Security Firewall Market by Deployment Model
12.2.6.4 USA Network Security Firewall Market by Type
12.2.7 Canada
12.2.7.1 Canada Network Security Firewall Market by Component
12.2.7.2 Canada Network Security Firewall Market by Solutions
12.2.7.3 Canada Network Security Firewall Market by Deployment Model
12.2.7.4 Canada Network Security Firewall Market by Type
12.2.8 Mexico
12.2.8.1 Mexico Network Security Firewall Market by Component
12.2.8.2 Mexico Network Security Firewall Market by Solutions
12.2.8.3 Mexico Network Security Firewall Market by Deployment Model
12.2.8.4 Mexico Network Security Firewall Market by Type
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Network Security Firewall Market by Country
12.3.1.2 Eastern Europe Network Security Firewall Market by Component
12.3.1.3 Eastern Europe Network Security Firewall Market by Solutions
12.3.1.4 Eastern Europe Network Security Firewall Market by Deployment Model
12.3.1.5 Eastern Europe Network Security Firewall Market by Type
12.3.1.6 Poland
12.3.1.6.1 Poland Network Security Firewall Market by Component
12.3.1.6.2 Poland Network Security Firewall Market by Solutions
12.3.1.6.3 Poland Network Security Firewall Market by Deployment Model
12.3.1.6.4 Poland Network Security Firewall Market by Type
12.3.1.7 Romania
12.3.1.7.1 Romania Network Security Firewall Market by Component
12.3.1.7.2 Romania Network Security Firewall Market by Solutions
12.3.1.7.3 Romania Network Security Firewall Market by Deployment Model
12.3.1.7.4 Romania Network Security Firewall Market by Type
12.3.1.8 Hungary
12.3.1.8.1 Hungary Network Security Firewall Market by Component
12.3.1.8.2 Hungary Network Security Firewall Market by Solutions
12.3.1.8.3 Hungary Network Security Firewall Market by Deployment Model
12.3.1.8.4 Hungary Network Security Firewall Market by Type
12.3.1.9 Turkey
12.3.1.9.1 Turkey Network Security Firewall Market by Component
12.3.1.9.2 Turkey Network Security Firewall Market by Solutions
12.3.1.9.3 Turkey Network Security Firewall Market by Deployment Model
12.3.1.9.4 Turkey Network Security Firewall Market by Type
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Network Security Firewall Market by Component
12.3.1.10.2 Rest of Eastern Europe Network Security Firewall Market by Solutions
12.3.1.10.3 Rest of Eastern Europe Network Security Firewall Market by Deployment Model
12.3.1.10.4 Rest of Eastern Europe Network Security Firewall Market by Type
12.3.2 Western Europe
12.3.2.1 Western Europe Network Security Firewall Market by Country
12.3.2.2 Western Europe Network Security Firewall Market by Component
12.3.2.3 Western Europe Network Security Firewall Market by Solutions
12.3.2.4 Western Europe Network Security Firewall Market by Deployment Model
12.3.2.5 Western Europe Network Security Firewall Market by Type
12.3.2.6 Germany
12.3.2.6.1 Germany Network Security Firewall Market by Component
12.3.2.6.2 Germany Network Security Firewall Market by Solutions
12.3.2.6.3 Germany Network Security Firewall Market by Deployment Model
12.3.2.6.4 Germany Network Security Firewall Market by Type
12.3.2.7 France
12.3.2.7.1 France Network Security Firewall Market by Component
12.3.2.7.2 France Network Security Firewall Market by Solutions
12.3.2.7.3 France Network Security Firewall Market by Deployment Model
12.3.2.7.4 France Network Security Firewall Market by Type
12.3.2.8 UK
12.3.2.8.1 UK Network Security Firewall Market by Component
12.3.2.8.2 UK Network Security Firewall Market by Solutions
12.3.2.8.3 UK Network Security Firewall Market by Deployment Model
12.3.2.8.4 UK Network Security Firewall Market by Type
12.3.2.9 Italy
12.3.2.9.1 Italy Network Security Firewall Market by Component
12.3.2.9.2 Italy Network Security Firewall Market by Solutions
12.3.2.9.3 Italy Network Security Firewall Market by Deployment Model
12.3.2.9.4 Italy Network Security Firewall Market by Type
12.3.2.10 Spain
12.3.2.10.1 Spain Network Security Firewall Market by Component
12.3.2.10.2 Spain Network Security Firewall Market by Solutions
12.3.2.10.3 Spain Network Security Firewall Market by Deployment Model
12.3.2.10.4 Spain Network Security Firewall Market by Type
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Network Security Firewall Market by Component
12.3.2.11.2 Netherlands Network Security Firewall Market by Solutions
12.3.2.11.3 Netherlands Network Security Firewall Market by Deployment Model
12.3.2.11.4 Netherlands Network Security Firewall Market by Industry Vertical
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Network Security Firewall Market by Component
12.3.2.12.2 Switzerland Network Security Firewall Market by Solutions
12.3.2.12.3 Switzerland Network Security Firewall Market by Deployment Model
12.3.2.12.4 Switzerland Network Security Firewall Market by Type
12.3.2.13 Austria
12.3.2.13.1 Austria Network Security Firewall Market by Component
12.3.2.13.2 Austria Network Security Firewall Market by Solutions
12.3.2.13.3 Austria Network Security Firewall Market by Deployment Model
12.3.2.13.4 Austria Network Security Firewall Market by Type
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Network Security Firewall Market by Component
12.3.2.14.2 Rest of Western Europe Network Security Firewall Market by Solutions
12.3.2.14.3 Rest of Western Europe Network Security Firewall Market by Deployment Model
12.3.2.14.4 Rest of Western Europe Network Security Firewall Market by Type
12.4 Asia-Pacific
12.4.1 Asia Pacific Network Security Firewall Market by Country
12.4.2 Asia Pacific Network Security Firewall Market by Component
12.4.3 Asia Pacific Network Security Firewall Market by Solutions
12.4.4 Asia Pacific Network Security Firewall Market by Deployment Model
12.4.5 Asia Pacific Network Security Firewall Market by Type
12.4.6 China
12.4.6.1 China Network Security Firewall Market by Component
12.4.6.2 China Network Security Firewall Market by Solutions
12.4.6.3 China Network Security Firewall Market by Deployment Model
12.4.6.4 China Network Security Firewall Market by Type
12.4.7 India
12.4.7.1 India Network Security Firewall Market by Component
12.4.7.2 India Network Security Firewall Market by Solutions
12.4.7.3 India Network Security Firewall Market by Deployment Model
12.4.7.4 India Network Security Firewall Market by Type
12.4.8 Japan
12.4.8.1 Japan Network Security Firewall Market by Component
12.4.8.2 Japan Network Security Firewall Market by Solutions
12.4.8.3 Japan Network Security Firewall Market by Deployment Model
12.4.8.4 Japan Network Security Firewall Market by Type
12.4.9 South Korea
12.4.9.1 South Korea Network Security Firewall Market by Component
12.4.9.2 South Korea Network Security Firewall Market by Solutions
12.4.9.3 South Korea Network Security Firewall Market by Deployment Model
12.4.9.4 South Korea Network Security Firewall Market by Type
12.4.10 Vietnam
12.4.10.1 Vietnam Network Security Firewall Market by Component
12.4.10.2 Vietnam Network Security Firewall Market by Solutions
12.4.10.3 Vietnam Network Security Firewall Market by Deployment Model
12.4.10.4 Vietnam Network Security Firewall Market by Type
12.4.11 Singapore
12.4.11.1 Singapore Network Security Firewall Market by Component
12.4.11.2 Singapore Network Security Firewall Market by Solutions
12.4.11.3 Singapore Network Security Firewall Market by Deployment Model
12.4.11.4 Singapore Network Security Firewall Market by Type
12.4.12 Australia
12.4.12.1 Australia Network Security Firewall Market by Component
12.4.12.2 Australia Network Security Firewall Market by Solutions
12.4.12.3 Australia Network Security Firewall Market by Deployment Model
12.4.12.4 Australia Network Security Firewall Market by Type
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Network Security Firewall Market by Component
12.4.13.2 Rest of Asia-Pacific APAC Network Security Firewall Market by Solutions
12.4.13.3 Rest of Asia-Pacific Network Security Firewall Market by Deployment Model
12.4.13.4 Rest of Asia-Pacific Network Security Firewall Market by Type
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Network Security Firewall Market by Country
12.5.1.2 Middle East Network Security Firewall Market by Component
12.5.1.3 Middle East Network Security Firewall Market by Solutions
12.5.1.4 Middle East Network Security Firewall Market by Deployment Model
12.5.1.5 Middle East Network Security Firewall Market by Type
12.5.1.6 UAE
12.5.1.6.1 UAE Network Security Firewall Market by Component
12.5.1.6.2 UAE Network Security Firewall Market by Solutions
12.5.1.6.3 UAE Network Security Firewall Market by Deployment Model
12.5.1.6.4 UAE Network Security Firewall Market by Type
12.5.1.7 Egypt
12.5.1.7.1 Egypt Network Security Firewall Market by Component
12.5.1.7.2 Egypt Network Security Firewall Market by Solutions
12.5.1.7.3 Egypt Network Security Firewall Market by Deployment Model
12.5.1.7.4 Egypt Network Security Firewall Market by Type
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Network Security Firewall Market by Component
12.5.1.8.2 Saudi Arabia Network Security Firewall Market by Solutions
12.5.1.8.3 Saudi Arabia Network Security Firewall Market by Deployment Model
12.5.1.8.4 Saudi Arabia Network Security Firewall Market by Type
12.5.1.9 Qatar
12.5.1.9.1 Qatar Network Security Firewall Market by Component
12.5.1.9.2 Qatar Network Security Firewall Market by Solutions
12.5.1.9.3 Qatar Network Security Firewall Market by Deployment Model
12.5.1.9.4 Qatar Network Security Firewall Market by Type
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Network Security Firewall Market by Component
12.5.1.10.2 Rest of Middle East Network Security Firewall Market by Solutions
12.5.1.10.3 Rest of Middle East Network Security Firewall Market by Deployment Model
12.5.1.10.4 Rest of Middle East Network Security Firewall Market by Type
12.5.2. Africa
12.5.2.1 Africa Network Security Firewall Market by Country
12.5.2.2 Africa Network Security Firewall Market by Component
12.5.2.3 Africa Network Security Firewall Market by Solutions
12.5.2.4 Africa Network Security Firewall Market by Deployment Model
12.5.2.5 Africa Network Security Firewall Market by Industry Vertical
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Network Security Firewall Market by Component
12.5.2.6.2 Nigeria Network Security Firewall Market by Solutions
12.5.2.6.3 Nigeria Network Security Firewall Market by Deployment Model
12.5.2.6.4 Nigeria Network Security Firewall Market by Type
12.5.2.7 South Africa
12.5.2.7.1 South Africa Network Security Firewall Market by Component
12.5.2.7.2 South Africa Network Security Firewall Market by Solutions
12.5.2.7.3 South Africa Network Security Firewall Market by Deployment Model
12.5.2.7.4 South Africa Network Security Firewall Market by Type
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Network Security Firewall Market by Component
12.5.2.8.2 Rest of Africa Network Security Firewall Market by Solutions
12.5.2.8.3 Rest of Africa Network Security Firewall Market by Deployment Model
12.5.2.8.4 Rest of Africa Network Security Firewall Market by Type
12.6. Latin America
12.6.1 Latin America Network Security Firewall Market by Country
12.6.2 Latin America Network Security Firewall Market by Component
12.6.3 Latin America Network Security Firewall Market by Solutions
12.6.4 Latin America Network Security Firewall Market by Deployment Model
12.6.5 Latin America Network Security Firewall Market by Type
12.6.6 Brazil
12.6.6.1 Brazil Network Security Firewall Market by Component
12.6.6.2 Brazil Network Security Firewall Market by Solutions
12.6.6.3 Brazil Network Security Firewall Market by Deployment Model
12.6.6.4 Brazil Network Security Firewall Market by Type
12.6.7 Argentina
12.6.7.1 Argentina Network Security Firewall Market by Component
12.6.7.2 Argentina Network Security Firewall Market by Solutions
12.6.7.3 Argentina Network Security Firewall Market by Deployment Model
12.6.7.4 Argentina Network Security Firewall Market by Type
12.6.8 Colombia
12.6.8.1 Colombia Network Security Firewall Market by Component
12.6.8.2 Colombia Network Security Firewall Market by Solutions
12.6.8.3 Colombia Network Security Firewall Market by Deployment Model
12.6.8.4 Colombia Network Security Firewall Market by Type
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Network Security Firewall Market by Component
12.6.9.2 Rest of Latin America Network Security Firewall Market by Solutions
12.6.9.3 Rest of Latin America Network Security Firewall Market by Deployment Model
12.6.9.4 Rest of Latin America Network Security Firewall Market by Type
13 Company profile
13.1 Cisco Systems Inc.
13.1.1 Company Overview
13.1.2 Financials
13.1.3Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Barracuda Networks, Inc.
13.2.1 Company Overview
13.2.2 Financials
13.2.3Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Check Point Solution Technologies Ltd.
13.3.1 Company Overview
13.3.2 Financials
13.3.3Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Juniper Networks, Inc.
13.4.1 Company Overview
13.4.2 Financials
13.4.3Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Cato Networks Ltd.
13.5.1 Company Overview
13.5.2 Financials
13.5.3Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Palo Alto Networks
13.6.1 Company Overview
13.6.2 Financials
13.6.3Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Fortinet, Inc.
13.7.1 Company Overview
13.7.2 Financials
13.7.3Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Force Point LLC
13.8.1 Company Overview
13.8.2 Financial
13.8.3Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Sophos Ltd.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Service/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Zscaler, Inc.
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Service/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Company Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
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Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Tax Management Software Market was estimated to be worth USD 20.12 billion in 2022 and is projected to reach USD 48.51 billion by 2030, with growing at a CAGR of 11.63% from 2023 to 2030.
The Sports Betting market size was valued at USD 81.98 Bn in 2022 and is expected to reach USD 173.23 Bn by 2030 and grow at a CAGR of 9.8 % over the forecast period 2023-2030.
The Alternative Data Market size was USD 7.18 Billion in 2023 and is expected to Reach USD 192.01 Billion by 2031 and grow at a CAGR of 50.8% over the forecast period of 2024-2031.
The Healthcare Cyber Security Market size was valued at USD 14.91 Bn in 2022 and is expected to reach USD 55.63 Bn by 2030, and grow at a CAGR of 17.89% over the forecast period 2023-2030.
The ESG Reporting Software Market size was USD 0.8 billion in 2022 and is expected to Reach USD 2.6 billion by 2030 and grow at a CAGR of 16 % over the forecast period of 2023-2030.
The Retail Analytics Market size was valued at USD 6.98 billion in 2022 and is expected to grow to USD 26.45 billion by 2030 and grow at a CAGR of 18.12 % over the forecast period of 2023-2030.
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