Global Enterprise/Business Firewall Router Will Multiply At An Impressive CAGR Of 6.2% By 2024 & Top Key Players Cisco Systems, Inc., Fortinet Inc., Juniper Networks Inc., Palo Alto Networks Inc., HP Inc., Huawei Technologies Co., Ltd., WatchGuard Technologies, Inc., AT&T CorporationThe global enterprise/business firewall router market is segmented to end user such as small enterprise, medium enterprise and large enterprise. Among these segments large enterprise segment is anticipated to flourish in the upcoming year. Likely, this growth of large enterprises segment is attributed to the increasing adoption of firewall router to protect their systems from threats. Further, rising network security threats such as hackers, ransomware and others and increasing government regulations regarding consumer privacy are envisioned to bolster the growth of enterprise/business firewall router market across the globe. Growing demand for business firewall in E-commerce industry is anticipated to impel the growth of the business firewall router market. Further, increasing demand for innovative and advanced technology to protect from theft, malicious attacks and unauthorized access is envisioned to flourish the growth of enterprise/business firewall router market.
Global Enterprise/Business Firewall Router Market is expected to flourish at a significant CAGR during the forecast period. Rising population and adoption of advance technological products which protect the data from hacking and prevent healthy environment on various enterprise are some of the key factors driving the growth of the enterprise/business firewall router market. Moreover, the global enterprise/business firewall router expected to showcase significant growth during the forecast period.
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In the regional platform, North America captured the largest market share in overall enterprise/business firewall router market and is expected to continue its dominance over the forecast period. Further, presence of numerous enterprises in North America region is believed to foster the growth of enterprise/business firewall router market. Further, increasing disposable income and rising demand for business firewall router in various government organizations and telecommunication is expected to accelerate the growth of enterprise/business firewall router market in the upcoming years. Europe region accounted for the second largest market of enterprise/business firewall router in terms of revenue in 2016. Additionally, the growth of Europe region can be attributed to various factors such as advancement in firewall router security solutions and rapid urbanization.
Further, Asia Pacific growth is attributed to the expanding enterprise networks and increasing security concerns among the small and medium enterprises. Likely, Japan and China are believed to be the major contributor in the growth of enterprise/business firewall router market in this region during the forecast period.
Robust Growth of Cyber Crimes
Rapid advancement in network security devices and increasing number of cyber-crimes are predicted to bolster the growth of enterprise/business firewall router market. Likely, emergence of new policies such as bring your own device coupled with rising security concerns is predicted to propel the growth of enterprise/business firewall router market. In addition to this, growing adoption of firewall router solution by small and medium enterprises in developed and developing nation such as U.S., Japan, China and others is predicted to fuel the growth of enterprise/business firewall router market.
Government Regulation and Enactment of Firewall Router
Stringent government policies regarding consumer privacy is believed to be the dynamic factor behind the rapid growth of enterprise/business firewall router market across the globe. Moreover, growing concerns to limit the network security risks across various organizations is projected to bolster the growth of enterprise/business firewall router market by the end of 2024.
In contrast high cost of the firewall router solutions and less adoption of firewall router solutions by small enterprises in underdeveloped nations are anticipated to hamper the growth of enterprise/business firewall router market. Furthermore, less adoption of firewall router by small enterprises is also projected to hinder the growth of enterprise/business firewall router market during the forecast period.
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The report titled “Enterprise/Business Firewall Router Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global enterprise/business firewall router market in terms of market segmentation by end user, by type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global enterprise/business firewall router market which includes company profiling of Cisco Systems, Inc., Fortinet Inc., Juniper Networks Inc., Palo Alto Networks Inc., HP Inc., Huawei Technologies Co., Ltd., WatchGuard Technologies, Inc., AT&T Corporation, Check Point Software Technologies Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global enterprise/business firewall router that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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