What is Virtual Firewalls Security?
Virtual Firewalls Security is a network security mechanism which is deployed in environments such as public, private or hybrid cloud along with SDN and SDWAN. They are deployed because physical firewalls are impossible to be deployed under this circumstances. This virtual firewalls similar to physical firewalls search for network traffic as well as the firewall is equipped with threat prevention tools. The next generational virtual firewall are expected to emerge as the next big thing in cyber security because of increasing adoption of cloud computing solutions as well as IoT applications. North America is currently the largest market of the virtual firewalls security
The market study is broken down and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cisco Systems, Inc. (United States), Palo Alto Networks (United States), Barracuda Networks, Inc. (United States), Quick Heal Technologies Ltd. (India), Juniper Networks, Inc. (United States), SonicWall (United States), Fortinet, Inc. (United States), Check Point Software (United States), Zscaler Inc. (United States) and WatchGuard Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Forcepoint (United States), Sophos Ltd. (United Kingdom) and Clavister (Sweden).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Virtual Firewalls Security market by Type, Application and Region.
On the basis of geography, the market of Virtual Firewalls Security has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. BFSI will boost the Virtual Firewalls Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Professional Services will boost the Virtual Firewalls Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size , the sub-segment i.e. SMEs will boost the Virtual Firewalls Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Host-Based will boost the Virtual Firewalls Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2019, Palo Alto Networks, Inc., a United States based multinational cyber security firm has announced completion of acquisition of Zingbox, which develops security solutions for IoT mechanisms. Zingbox also has its expertise in development of Next-Generation Firewall and Cortex platforms. and Palo Alto Networks looks to strengthen their standing in market especially in offering the next generation firewall security solutions.
In 2020, Zscaler, Inc., a US based cloud security solutions provider has announced acquisition of Edgewise Networks, which has expertise in security solutions specifically designed for application networking. With modern cloud and mobility based operations, where application and data security is prime, Edgewise Networks enables secures connections between users and applications. The two companies look to combine their expertise in virtual firewall, and provide better security solutions to the clients.
Market Trend
- Ransom-ware Based Attacks are on a Rise
Market Drivers
- Development of Complex Sophisticated Algorithms
- Growing Number of Cyber Attacks
- Rising Adoption of Cloud Computing Solutions
Opportunities
- Next-Generation Firewall also known as NGFW may emerge as Big Opportunity
Restraints
- Government Backed Large Coordinated Cyber Attacks
Challenges
- High Cost of Training and Required Infrastructure which the Many Developing Countries Lack of
Key Target Audience
Virtual Firewalls Security Developers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.