Security Appliances Market Segmentation by Type (Firewall, Intrusion Detection and Prevention [IDP], Unified Threat Management [UTM], Content Management, Virtual Private Network [VPN], and Others); by Deployment Mode (Cloud, On-Premises); by End-User (BFSI, IT & Telecommunications, Energy & Utilities, Manufacturing, Healthcare, Retail, and Others)-Global Demand Analysis & Opportunity Outlook 2030

Global Security Appliances Market Highlights over 2022-2030

The global security appliances market was worth approximately USD 110 Billion in 2021 and is estimated to grow at a CAGR of 14% over the forecast period, i.e., 2022-2030. The growth of the market can be attributed to increasing number of security attacks and increased complexities in network infrastructure. Moreover, increasing adoption of cloud-based services and implementation of bring-your-own-device (BYOD) policies are further expected to boost market growth.

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Security appliances are forms of security tools that provide preventive and responsive methods to defend networks from being compromised to internet-borne threats by utilizing web filtering, legacy malware protection, and advanced threat defense systems.

However, several security platforms can’t assess the risk associated with misconfiguration, which is one of the key restraints for the growth of the market. Cloud misconfiguration is the top cause of data breaches in the cloud. Furthermore, the lack of adequate visibility into access settings and activities associated with several security models are also expected to hinder the growth of the market.

The market is segmented by type into the firewall, intrusion detection and prevention (IDP), unified threat management (UTM), content management, a virtual private network (VPN), and others, out of which, firewall and unified threat management (UTM) segments are estimated to witness rapid growth owing to their advanced security features and robust cloud protection solutions, such as centralized integration and management, quicker detection of incoming security threats, and better network monitoring.

Based on by deployment mode, the market is segmented into cloud, and on-premises, out of which, cloud segment is projected to hold the largest market share over the forecast period owing to increasing cloud migration by organisations to streamline the storage of data for remote server access. Furthermore, cloud technology provides a powerful and flexible infrastructure with exceptionally challenging analytics functioning that enables organizations to manage all the applications easily.

Global Security Appliances Market Regional Synopsis

Regionally, the global security appliances market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. North America region is expected to hold the largest share of the market over the forecast period owing to having a strong technologically advanced IT infrastructure.

The Asia-Pacific region is projected to witness the highest growth during the forecast period owing to increasing demand for security appliances over the growing number of cases of cybercrime.  

Market Segmentation

Our in-depth analysis of the global security appliances market includes the following segments:

By Type

• Firewall

• Intrusion Detection and Prevention (IDP)

• Unified Threat Management (UTM)

• Content Management

• Virtual Private Network (VPN)

• Others

By Deployment Mode

• Cloud

• On-Premises

By End-User

• BFSI

• IT & Telecommunications

• Energy & Utilities

• Manufacturing

• Healthcare

• Retail

• Others

Growth Drivers and Challenges Impacting the Growth of the Global Security Appliances Market

Growth Drivers

• Increasing number of security attacks

• Increased complexities in network infrastructure

• Increasing adoption of cloud-based services

• Implementation of bring-your-own-device (BYOD) policies

Challenges

• Risk associated with misconfiguration

• Lack of adequate visibility into access settings and activities associated with several security models

Key Companies Dominating the Global Security Appliances Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global security appliances market that are included in our report are Cisco Systems, Inc., Check Point Software Technologies Ltd., Broadcom, Intel Corporation, Palo Alto Networks, Inc., Honeywell International Inc., Fortinet, Inc., Trend Micro Incorporated, Bosch Sicherheitssysteme GmbH, Juniper Networks, Inc., and others.

Latest Developments in the Global Security Appliances Market:

December 2021: Tigera, Inc. released Calico Cloud and Calico Enterprise in order to strengthen its cloud-native application security along with introducing real-time intrusion detection and prevention, integrating with Palo Alto Networks, Inc.’s Panorama firewall management platform.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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