The global network security appliance market is estimated to grow at a significant CAGR during the forecast period. The major factors propelling the growth of the global network security appliance market include the need to protect the network infrastructure of an enterprise from organized hacker groups and advanced persistent threats. The network security appliances are mostly installed in the IT infrastructures where cybercriminals mostly occur. 

The network security appliances are the physical devices that  access the digital network to the internet and secures the connection by filtering out malicious content and do not provide access to unauthorized entrants. The COVID-19 pandemic has positively affected the global network security appliance markets as the industries have been shifted towards the work from home settings, which encouraged employees to implement the use of network security services to protect from intrusions and cybercrimes. Additionally, development in major ICT companies and data-driven enterprises advancement including Amazon, Facebook, Microsoft, IBM, others have been driving the growth of the market.

The key players contributing to the growth of the global network security appliance market by adopting various strategies such as product launches and developments, mergers and acquisitions, partnerships, and agreements, include Cisco Systems, Inc., Palo Alto Networks, Inc., Fortinet, Inc., Check Point Software Technologies Ltd., Symantec Corporation, Sophos Ltd., Juniper Networks, Inc., Forcepoint LLC, and Barracuda Networks, Inc. among others. For instance, in February 2017, Kerio Technologies launched new network security hardware appliances which are Wi-Fi-enabled. These are NG100W and NG300W which include next-generation firewall and router, gateway virus, VPN, content filtering,  intrusion detection and prevention, and are integrated with Wi-Fi.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Component

o By Industry

• Regions covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- Cisco Systems, Inc., Palo Alto Networks, Inc., Fortinet, Inc., Check Point Software Technologies Ltd., Symantec Corp., among others. 
  

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Market Segmentation

Global  Network Security Appliances Market by Component

• Product
• Software & Services

Global Network Security Appliances Market by End-User

• BFSI
• Government & Defense
• IT & Telecom
• Healthcare
• Retail
• Energy & Utilities
• Others

Global Network Security Appliance Market-segmentation by region