Global Network Security Appliance Market 2015-2019
About Network Security Appliance
Network security appliances comprise hardware used to monitor, detect, and prevent unauthorized access, misuse, or malfunction, or to disable/destroy a computer network. It aims to provide and maintain a secure platform that will help users perform critical tasks. Network security has been gaining prominence over the years, especially with the growing number of hacking activities as these sophisticated and complex threats cannot be addressed by traditional defense mechanisms. Organizations, both large and small, have started to invest in network security to proactively manage risks beyond their capability. These appliances can also increase workforce productivity and reduce costs, thereby offering organizations a significant competitive advantage. Network security appliances have capabilities that include UTM, VPN/firewall, IDP, web security, and routing.
Technavio's analysts forecast the global network security appliance market to grow at a CAGR of 11.08% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global network security appliance market for the period 2015-2019. The major end-users listed in the market are described below:
Technavio Announces the Publication of its Research Report – Global Network Security Appliance Market 2015-2019
Technavio recognizes the following companies as the key players in the global network security appliance market: Checkpoint Systems, Cisco Systems, Fortinet, Juniper Networks and Palo Alto Networks
Other Prominent Vendors in the market are: Arbor Networks, Barracuda Networks, Dell SonicWall, F5 Networks, IBM, Kerio Technologies, Qualys, Sophos and WatchGuard Technologies
Commenting on the report, an analyst from Technavio’s team said: “The demand for SaaS-based security solutions is increasing because of their significant advantages such as easy installation, easy upgrade, cost advantages, and signature independent scanning. SMEs, large enterprises, and startup companies are choosing SaaS-based (or hybrid) solutions over on-premises solutions because of these advantages. It is expected that the high demand for SaaS-based security solutions will help the market grow at a significant rate during the forecast period.”
According to the report, cyber-attacks have increased in the past few years because of organizations' increasing online presence, the rise in use of social media, and the adoption of mobile devices. Though the number of attacks has slightly decreased globally because of the growing awareness and use of network security solutions, the cost and scale of breaches remain high and are an immense concern for organizations. Efficient management of cyber-attacks will not only provide security to organizations but also give them competitive advantages over companies that do not have sufficient protection.
Further, the report states that the growing complexity of network infrastructures is a challenge for the market.
Checkpoint Systems, Cisco Systems, Fortinet, Juniper Networks, Palo Alto Networks, Arbor Networks, Barracuda Networks, Dell SonicWall, F5 Networks, IBM, Kerio Technologies, Qualys, Sophos, WatchGuard Technologies