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TMCNet:  The Global Network Firewall Market, Forecast to 2022

[November 06, 2018]

The Global Network Firewall Market, Forecast to 2022

NEW YORK, Nov. 6, 2018 /PRNewswire/ -- Emerging Business Practices Demands New Technologies
The enterprise network is evolving rapidly with new technologies and business practices such as cloud computing, Software Defined Wide Area Network (SD-WAN), Internet of Things (IoT), and remote and mobile employees.These technologies and practices are eroding the traditional concept of a network security perimeter and generating a plethora of new security gaps for Information Technology (IT) and Information Security (InfoSec) organizations to navigate.

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As a result, customers are demanding new firewall and Unified Threat Management (UTM) capabilities and features that will help them navigate.

Consequently for vendors of firewall and UTM products, the enterprise segment of the firewall market is poised for strong growth as enterprises seek out new protections such as Secure SD-WAN, Wi-Fi security, and advanced malware sandbox analysis. Integration with leading security tools and support for cloud environments is also generating renewed interest in modern network firewalls.

Vendors should also take note that businesses have made significant investments in security products but are finding the collections of these to be complex and lacking inter-operability.The steady march of new technologies and threats ensures that this trend will only continue.

And yet, the security industry is facing a shortage o expertise. As foundation network security platforms, firewalls and UTMs are ideal platforms for vendors to consolidate multiple security technologies, thereby allowing vendors to simplify the customer experience and deliver greater customer value.

This need for security technology consolidation is particularly acute in the small and mid-sized business (SMB) segment and with distributed enterprises.Not only do IT and InfoSec organizations personnel need fewer platforms to manage, they also need management to be simplified and easily segmented by user or administrator role.

Additionally, technology consolidation should also produce out-of-the-box synergies across the technologies.Essentially users of firewalls and UTMs want the technologies consolidated on a single platform to not only operate as one, but operate better as one.

This too represents growth opportunities for firewall and UTM vendors in reaching the needs of a rapidly evolving market.

Another platform consolidation trend that is building is among networking and security platforms.This trend follows the demand for SD-WANs.

Rather than have a router to provide application-aware routing and bandwidth optimization and separately a firewall or UTM to provide a variety of security functions, organizations are considering platforms that combine all of these functions and have them manageable through a single console. Several firewall and UTM vendors are actively pursuing this market opportunity but in doing so need to be cognizant that the competitive market is not limited to security vendors adding networking functionality, but network vendors that are incorporating the security functions previously associated with firewalls and UTMs.

In consideration of these many trends and market opportunities, the market growth prospects for firewall and UTM products will be robust. At the same time, competition will intensify.

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