Rise in Adoption of NGFWs Accelerating Growth in the Global Enterprise Firewall Market: Technavio Report

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  • The key vendors in the Global Enterprise Firewall Market 2015-2019 are Check Point Software Technologies Ltd., Cisco Systems Inc., Fortinet Inc., Juniper Networks Inc., McAfee Inc. and Palo Alto Networks Inc

London, 17 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Enterprise Firewall Market 2015-2019.   The rise in the demand for SaaS-based security solutions is one of the major trends witnessed in the market. The solutions offer advantages such as easy installation, easy upgrades, cost advantages, and signature-independent scanning. The Global Enterprise Firewall market is expected to grow at a CAGR of 7.74 percent during the forecast period of 2014-2019.

The growth in the market is driven by the increase in the security needs of corporations, SMEs, and governments. The businesses store and maintain enormous amounts of data related to their financial information, customer behavior, services provided by suppliers, and other important information.

“Next-generation Firewalls are being increasingly adopted by organizations because of the benefits offered by this technology,” says Faisal Ghaus, Vice President of TechNavio Research.

“They are capable of analyzing a complex inflow of information, identifying hidden threats to the enterprise, and allowing only the secure data to get through.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.