According to IMARC Group’s latest report, titled “Security Appliances Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global security appliances market size reached US$ 102.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 212.1 Billion by 2027, exhibiting a growth rate (CAGR) of 13% during 2022-2027.
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.
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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 2022-2027 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:
- Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH)
- Check Point Software Technologies
- Cisco Systems Inc.
- Fortinet Inc.
- Hewlett Packard Enterprise Company
- Honeywell International Inc.
- Intel Corporation
- Juniper Networks Inc.
- NortonLifeLock Inc.
- Palo Alto Networks Inc.
- Trend Micro Inc.
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 (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- 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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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