According to IMARC Group’s latest report, titled “Security Appliances Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global security appliances market reached a value of US$ 69.5 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 12.2% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Security appliances refer to tools and equipment used for network management and security. Organizations install these appliances on-cloud or in-premises to prevent unauthorized access to private networks and enhance data security. Few security appliances provide intrusion detection and prevention, content management, unified threat management, and virtual private network (VPN). Furthermore, they utilize preventive and responsive methods to secure networks, web filtering, legacy malware protection, and advanced threat defense systems to prevent internet-borne threats. As a result, security appliances are extensively used across industries, such as banking, financial services, and insurance (BFSI), military and defense, information technology (IT) and healthcare.
Market Trends and Drivers:
The high prevalence of cyber threats and security breaches across the globe is primarily driving the security appliances market. Several organizations are adopting security mechanisms to secure sensitive data from cyber phishing, web hacking, and cyber spying. Moreover, the rising trend of bring-your-own-devices (BYOD) across organizations further augments the security appliances market growth. Additionally, the increasing penetration of cloud-based solutions and growing integration of security appliances with cloud computing for streamlined data storage, remote server access, and pattern detection analysis, is also driving the demand for security appliances. Furthermore, the rapid innovations of security appliances with enhanced range and capabilities will continue to drive the market growth.
Security Appliances Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the security appliances market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Honeywell International Inc.
- Palo Alto Networks Inc.
- Intel Corporation
- Trend Micro Inc.
- NortonLifeLock Inc
- Check Point Software Technologies
- Juniper Networks Inc.
- Hewlett Packard Enterprise Company
- Fortinet Inc.
- Cisco Systems Inc.
- Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH)
Key Market Segmentation:
The report has segmented the global security appliances market on the basis of type, deployment, end user, vertical and region.
Breakup by Type:
- Firewall
- Unified Threat Management (UTM)
- Intrusion Detection and Prevention (IDP)
- Content Management
- Virtual Private Network (VPN)
- Others
Breakup by Deployment:
- Cloud-based
- On-premises
Breakup by End User:
- Small and Medium Enterprises
- Large Organizations
Breakup by Vertical:
- BFSI
- Healthcare
- IT and Telecom
- Retail
- Energy and Utilities
- Manufacturing
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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