Asia Pacific Network Security Firewall Market by Component, Deployment Analysis and Forecast to 2027
The Asia-Pacific Network Security Firewall Market is expected to grow from US$ 650.0 million in 2018 to US$ 2382.4 million by 2027; it is estimated to grow at a CAGR of 15.6% from 2019 to 2027.
The increasing deployment of IoT in industries is resulting in network security threats such as the IoT Botnets. The Botnets enables hackers to get access into IOT devices such as smart watches, fire alarm etc. In 2016, the leaked Mirai code created a highly effective horde of bots resulting in array of distributed denial of service (DDoS) attacks. The development of such bots is compelling technology companies to implement network security measures in their systems, which is fueling the network security firewall market in APAC. The rise in adoption of cloud infrastructure and bring your own device (BYOD) is among the other factors boosting the demand for network security firewall. The COVID-19 pandemic has highly affected the APAC region. China, having a massive number of cases, is the most crucial manufacturer and industrial producer as it trades highest number of manufacturing goods than any other country.
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The cloud segment led the network security firewall market based on deployment type in 2018. The cloud-based deployment is different from the on-premises deployment software. The company hosts the entire process and management of software within the organization in an on-premise environment, whereas, in the case of the cloud infrastructure, a third-party provider arranges and manages entire activities for the organization. Companies pay the third-party providers on the basis of their requirements and effectively scale up or down according to the requirement of the user, overall usage, and growth of the company.
The cloud-based uses exploit virtual technology to host the applications of organization offsite. Therefore, it is primarily adopted by small and medium enterprises. It is feasible for organizations to plan their expansion at the global scale, as the cloud can be leveraged to have a greater appeal to connect with more partners, clients, customers, and other businesses across the locations with minimum effort. However, the clouds infrastructure is more massive in size compared to the on-premises deployment, which provides seamless, on-demand scalability to the companies. The cloud deployment model is the best for organizations willing to accept analytics solutions but have low investment capabilities. The Cloud solutions allow companies to acquire the data with all their services, but on an low cost.
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Last Update : Sep 26, 2020 12:21 AM
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