Asia-Pacific Enterprise Firewall Market - Segmented by Solution (Hardware, Software, and Services), Type of Deployment (On-premise and Cloud), Size of Organization (Small and Medium Organization, and Large Organization), End User (Healthcare, Manufacturing, Government, and Retail), and Country - Growth, Trends and Forecast (2018 - 2023)
The Asia-pacific enterprise firewall market was valued at USD 3.1 billion in 2017, and is expected to reach a value of USD 6.02 billion by 2023, recording a CAGR of 11.4% over the forecast period (2018 - 2023). The scope of the report is limited to solutions offered by major players, including providers of hardware, software, and professional services. The study also emphasizes on various end users, such as healthcare, manufacturing, government, and firewall market in retail. Asia-Pacific enterprise is also segmented by the type of organization to which the software is provided.
Increasing Security Threats is the Major Driver for the Market
Secure file sharing is vital for any company and the easy spread of viruses and malware can occur when the files are shared. The enterprise firewall solutions help to ensure a sophisticated network, reduce the viral encroachments, andtrack and authenticate files after sending them to the user through proper firewalls.
The importance for compliance, data security, and prevention from other security threats, has been increasing to provide high performance to the users, ensuring secure data. The growth of the internet and the shift of organizationsfrommainframecomputersdemandedabettersolutionthanthe traditionalmethods of filtering to avoid malicious traffic. There are various factors, such as internet-virus, sophisticated phishing raids,application-specificattacks,andmanyothers that destroydata andleadtoloss inrevenuefor companies and their reputation. Thus, the adoption of enterprise firewall solutions are increasing to provide increase productivity of company employees and provide better service to customers.
Huge Investments from the Government Side are expected as National Security, and are on the Line
The major benefit for governments is that it improves the overall efficiency, with enterprise firewalls helping to reduce malicious threats and threats from other invaders, while enhancing tracking and authentication of shared data.To guard the data, governments establish many internal information security standards.In orderto maintainprivacyofcitizens, such as socialsecuritynumbersoranycitizeninformation,fewagencies focus on protecting the information. The major issues hampering the growth of the market are the costs needed for hardware firewall and managing the vulnerabilities.
Cloud-baseddeploymentmodelaidsincollectinglargevolumesofserver-storageresourcesintoan integrated solution, while also providing backup of the user’s database on different servers to guarantee reliability of the data. Cloud-based software are less costly, as compared to other deployment models and they allow the businesses to circumvent IT costs, such as hardware and support staff. In the cloud storage era, users have access to the stored data in systems without geographical limitation. The users only pay for the resources that are needed, while the providers bear the cost of building and maintaining storage architectures. In the recent years, the low cost and ease of implementation have made cloud deployment a highly desirable delivery model among enterprises.
Key Developments in the Market
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