Network Security Firewalls

Global Network Security Firewalls Market to Reach US$29.4 Billion by 2030

The global market for Network Security Firewalls estimated at US$11.7 Billion in the year 2024, is expected to reach US$29.4 Billion by 2030, growing at a CAGR of 16.6% over the analysis period 2024-2030. Solutions, one of the segments analyzed in the report, is expected to record a 18.3% CAGR and reach US$20.0 Billion by the end of the analysis period. Growth in the Services segment is estimated at 13.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.0 Billion While China is Forecast to Grow at 22.1% CAGR

The Network Security Firewalls market in the U.S. is estimated at US$3.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.8 Billion by the year 2030 trailing a CAGR of 22.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 11.7% and 14.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.4% CAGR.

Global Network Security Firewalls Market - Key Trends and Drivers Summarized

How Are Network Security Firewalls Safeguarding Digital Infrastructures?

Network Security Firewalls have become a cornerstone of cybersecurity, protecting digital infrastructures from unauthorized access, cyberattacks, and data breaches. These firewalls act as barriers between internal networks and external threats, monitoring and controlling incoming and outgoing traffic based on predefined security rules. Firewalls are essential for preventing malware intrusions, ransomware attacks, and data exfiltration, making them crucial for businesses across various sectors, including banking, healthcare, government, and telecommunications. As the adoption of digital services grows, firewalls are playing an increasingly important role in securing network perimeters and ensuring safe data exchange.

What Are the Key Segments in the Network Security Firewalls Market?

Major types of firewalls include hardware-based, software-based, and cloud-based firewalls. Hardware-based firewalls offer robust protection and are often used in high-security environments, while software-based firewalls provide flexibility and easy deployment. Cloud-based firewalls, often referred to as Firewall-as-a-Service (FWaaS), are gaining rapid adoption due to their scalability and integration capabilities with cloud infrastructure. In terms of deployment, firewalls can be deployed on-premise or in the cloud, with cloud deployment becoming more prevalent. Key end-use industries include BFSI, healthcare, IT and telecommunications, government, and retail, all of which require stringent security measures to protect sensitive data and ensure regulatory compliance.

How Are Network Security Firewalls Being Adopted Across Sectors?

The BFSI sector remains one of the largest users of network security firewalls, driven by the need to protect financial transactions and comply with regulatory requirements like PCI DSS and GDPR. In the healthcare sector, firewalls safeguard electronic health records (EHRs) and ensure compliance with HIPAA regulations, protecting patient data from cyber threats. Government agencies utilize firewalls to secure sensitive information and ensure national security, while the telecommunications sector relies on them to protect networks from distributed denial-of-service (DDoS) attacks and other threats. With the rise of remote work, businesses across all industries are deploying firewalls to secure remote access points, virtual private networks (VPNs), and cloud environments, ensuring safe connectivity for employees.

What Factors Are Driving the Growth in the Network Security Firewalls Market?

The growth in the network security firewalls market is driven by several factors, including the rising incidence of cyberattacks and the need for comprehensive network protection. The rapid adoption of cloud computing and hybrid IT infrastructure has led to increased demand for cloud-based firewalls, which offer scalable and flexible security solutions. Regulatory compliance requirements in sectors like BFSI, healthcare, and government mandate the implementation of robust security measures, further boosting the adoption of firewalls. Additionally, advancements in firewall technologies, such as the integration of AI and machine learning for threat detection and prevention, have enhanced firewall effectiveness, driving market growth. The growing need to secure remote access, IoT devices, and 5G networks is also contributing to the expansion of the network security firewalls market.

SCOPE OF STUDY:

The report analyzes the Network Security Firewalls market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Component (Solutions, Services); Deployment (On-Premise, Cloud)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 36 Featured) -

• Adaptive Mobile security
• AMD Telecom S.A.
• ANAM Technologies
• BICS
• Cellusys
• Checkpoint Software
• Cisco Systems, Inc.
• Enghouse Network
• Fortinet
• Global Wavelet
• HPE
• Infobip
• Juniper Networks
• Mavenir
• Mobileum Inc.
• NetNumbe
• Nokia
• Omobio (Pvt) Ltd
• Openmind Networks
• Orange
• Palo Alto Networks
• PROTEI
• Route Mobile
• SAP SE
• Sinch
• Sonicwall
• Sophos
• Symsoft AB (Sinch)
• Tata Communication
• Telecom Italia Sparkle
• Twilio

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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