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Market Research Future has come up with the latest report on the Global Network Security Appliance Market 2020. It exposes that the market expected to witness much bigger stability from the years 2018–2023. In these years, the market’s potentiality might rise at a rate of 10.6%, with a market value of USD 13.97 Billion by 2023. The historical information about the market is used to provide studied forecasts about the market’s likely growth trajectory over the forecast period. The report is an important dynamic of the market and gives an idea of the types, the process, and value chain that has been included in the report. Major drivers and restraints affecting the global Network Security Appliance market are profiled in the report.
Global Network Security Appliance Market
The market study also focuses on the fact that certain factors such as heightening cyber-crime, implementation of bring-your-own-device, and adoption of advance in technology will add new opportunities for this market in the coming years. Surged demand for cloud-based solutions and stringent government regulations, have also collectively created opportunities for network security appliance market maturity. Every aspect would have a specific impact on the security appliances market share in the future, especially post COVID-19 outbreak.
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Industry Players:
The well-known players in network security appliance market are listed as Palo Alto Networks, Inc., Cisco Systems, Inc., Check Point Software Technologies Ltd., Fortinet, Inc., Sophos Ltd., Symantec Corporation, Forcepoint LLC, Juniper Networks, Inc., and Barracuda Networks, Inc.
Market Segmentation:
In terms of component segment, the market has included visibility, product, analytics, and management software and services. The products segment is the unified threat management (UTM), next-generation firewalls (NGFWs), intrusion detection system (IDS), firewalls, and intrusion prevention system (IPS), sandboxing, distributed denial of service (DDoS) protection, and web security. The services segment is further bifurcated among professional and managed services.
In terms of industry vertical segment, the market has included government and defense, BFSI, healthcare, IT and telecom, energy and utilities, retail, manufacturing, and others.
Regional Analysis:
The geographical breakdown of the global network security appliance market is studied for the main regions of Europe, North America, Asia-Pacific, and the rest of the world.
North America region is the most advanced region in terms of infrastructure, technology, and cybersecurity solutions adoption. Asia-Pacific region is likely to expand at the fastest rate during the assessment period. IT & telecom sector motivates the network security appliance market in the Asia-Pacific region. Asia-pacific is a financially and technologically developed region with countries such as China, Japan, and India. These countries are anticipated to lead the network security appliance market in the Asia-Pacific region.
Major Highlights of TOC Covers:
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