During the projected period, it is expected that the expanding use of IoT and cloud computing will open up lucrative opportunities for the growth of the global market. This has boosted demand for network security and, together with the fact that there aren't many fire protection companies, accelerated the expansion of the global network security firewall Market. Because of worries about network security and privacy, attacks have become more common. The solution segment dominated the global market share for network security firewalls, and it is projected to do so in the coming years.

By 2030, it is expected to grow at a CAGR of 21.9% and reach USD 24.36 billion. The global network security firewalls market was estimated to be worth USD 3.50 billion. Firewalls have improved throughout time to include new features that enable businesses to do in-depth traffic analysis and provide them access to more active security controls. Companies could examine incoming and outgoing traffic thanks to early firewalls. Network firewalls were created to isolate a company's private networks from the public internet, similar to how firewalls isolate different areas of a structure to stop the spread of fire. Network firewalls are one of the oldest product categories in the cybersecurity sector. Consequently, malicious attackers now have access to sensitive data.

Information may now be accessed more quickly thanks to the rise in linked devices' global penetration rate, including handhelds and other smart gadgets. Many network security solutions, including network security firewall solutions and related security solutions, are now more in demand as a result of this. 27, 2022 (GLOBE NEWSWIRE) - In order to prevent and protect corporate data, firms have been forced to adopt a strong security solution due to important considerations including the rising incidence of cyberattacks across various industry sectors.

Firewalls and network security