The global network security firewall accounted for US$ 3,473.7 million in 2019 and is expected to grow at a CAGR of 12.3% from 2020 to 2027 to reach US$ 8,813.7million by 2027>
Nasdaq Globe Newswire
New York, May 06, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Network Security Firewall Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Component ; Deployment” – https://www.reportlinker.com/p05891670/?utm_source=GNW According to the Online Trust Alliance, the rate of cyber breach had nearly doubled from 82,000 in 2016 to 159,700 in 2017.Owing to the increasing trend of cyber threat, the network managers across various industries are emphasizing on security infrastructure and upgrading the plans to overcome evolving network threats, such as DDoS attacks, network-based ransomware, and insider threats. The well-established market players operating in the network security firewall market include Adaptive Mobile Security, AMD Telecom SA, ANAM Technologies, Cellusys, Cisco Systems, Inc., Mobelium Inc., Omobio Pvt. Ltd., Openmind Networks, SAP SE, and Symsoft among others.
Link: https://www.globenewswire.com/news-release/2020/05/07/2029005/0/en/The-global-network-security-firewall-accounted-for-US-3-473-7-million-in-2019-and-is-expected-to-grow-at-a-CAGR-of-12-3-from-2020-to-