Global enterprise network firewall market: 0.7% CAGR growth forecast between 2012-16
Global Enterprise Network Firewall Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-18 14:24:02
The Global Enterprise Network Firewall market is to grow at a CAGR of 0.68 percent over the period 2012-2016. One of the key factors contributing to this market growth is the rising network security threats. The Global Enterprise Network Firewall market has also been witnessing the increasing demand for SaaS-based security solutions. However, the adverse impact on network performance could pose a challenge to the growth of this market.
One of the main trends witnessed in the Global Enterprise Network Firewall market is demand for additional security feature offerings. The increasing competition in the market has forced vendors to offer various value-added services such as wireless access control features to retain and gain customers. For example, the vendor´s security feature may offer an additional layer of security at the client side, which makes the solution more secure. Thus, vendors in the Global Enterprise Network Firewall market are using these add-on features to differentiate their offerings. In view of this, vendors such as SonicWALL, for example, are offering features such as an additional layer of protection beyond that provided by gateway-based anti-virus software, an integral wireless access controller/switch, etc.
One of the main factors driving the market is the rising regulatory requirements. Enterprises are required to comply with these regulations and standards for securing their data. Some of the standards are HIPPA, HITECH, and PCI DSS.
One of the main challenges is the rising demand for managed security service providers. With the emergence of large numbers of MSSPs in the market, the Global MSSPs market is growing at a healthy rate for the specified duration. In addition, pure-play network security vendors are facing challenges from MSSPs.
Key vendors dominating this space include Check Point Software Technologies Ltd., Cisco Systems Inc., Fortinet Inc., Juniper Networks Inc., and Palo Alto Networks Inc.
Other vendors mentioned are Barracuda Networks Inc., Hewlett-Packard Co., Huawei Technologies Co. Ltd., Dell SonicWALL, McAfee Inc., Meraki Inc., Stonesoft Corp., and WatchGuard Technologies Inc.
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