Security Appliances Market Overview:
Security appliances incorporate a comprehensive range of practices, tools, and techniques interrelated closely to information security and operational technology security. This method uses preventive and responsive methods to defend networks and information from being attacked and compromised. Moreover, security appliances utilize web filtering, legacy malware protection, and advanced threat defense to defend users from Internet-borne threats and to help enterprises enforce Internet policy compliance.
The global security appliances market is segmented based on types, deployment modes, industry verticals, and geography. Based on type, the market is categorized into firewall, intrusion detection and prevention (IDP), content management, unified threat management (UTM), and virtual private network (VPN). Industry vertical segments include banking, financial services & insurance (BFSI), public sector, energy & utilities, retail, IT & telecom, manufacturing, aerospace & defense, healthcare, and others. Deployment mode segment is sub-segmented into cloud-based and on-premise deployment. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Key Market Segmentation
Top Impacting Factors
The global security appliances market is influenced by a number of factors including increasing cybercrime activities, rising bring-your-own-device implementation, increased demand for cloud-based solutions, and stringent government regulations. All these factors collectively create opportunities for security appliances market growth, while some of them account for limitations in the market. However, each factor would have its definite impact on the security appliances market share.
Following are the key factors affecting the global security appliances market.
Top Impacting Factors
Increasing Cybercrime Activities
Today, the cyber-attacks, which are mainly driven by skilled professional hackers and organized criminal groups, are growing at a rapid pace. The financial costs incurred due to data breaches are also increasing with the complexity of attacks. However, the aggregate impact of cybercrime on businesses is unknown, even small attacks such as viruses and worms cause billions of dollars financial loss each year. Therefore, organizations/companies need cost effective and efficient mechanisms to protect sensitive information from phishing, web hacking, hacktivism, and cyber espionage. In 2016, publicly engineered phishing emails along with other email attacks were a major concern. These attacks are expected to continue due to growth in Internet reliability and increase in usage of mobile devices in the corporate environment. Furthermore, phishing attacks are one of the most common security challenges faced by organizations that enable access to passwords, credit card information, and other sensitive information regarding phone calls, emails, and social media accounts.
Rising Bring-your-own-device Implementation
The emerging bring-your-own-device (BYOD) trend among organizations has made devices and applications more vulnerable to malware and threats. Even though, the policy encourages employees to use mobile devices such as smartphones or tablets, this has made corporate data more vulnerable to cyber-attacks. This initiative has resulted in enterprise mobility, improving the organization productivity; however; the risk associated with this model, is encouraging organizations to implement effective security solutions. The BYOD trend is here to stay, due to its positive impact on the overall organizations overall productivity; hence, this trend is expected to stimulate the growth of security solutions in the coming years.
Increased Demand for Cloud-based Solutions
Cloud computing is widely implemented due to its powerful and flexible infrastructure possibility. Several organizations are moving to the cloud to streamline the storage of data, as cloud provides remote server access on the Internet, which in turn enables access to infinite computing power. Furthermore, the implementation of cloud-based model enables organizations to manage all the applications, as there is no invisibility with exceptionally challenging analytics functioning in the background. In addition, the adoption of cloud enables organizations to combine supplementary infrastructure technologies such as software-defined perimeters to create robust and highly secure platforms.
- The report provides an overview of the trends, structure, drivers, challenges, and opportunities in the global security appliances market.
- Porters Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the market to determine the investment pockets of the market.
- Current and future trends adopted by the key market players are highlighted to determine overall competitiveness of the market.
- The quantitative analysis of the market through 20142022 is provided to elaborate the market potential.
Security Appliances Market Key Segments:
- Unified threat management (UTM)
- Intrusion detection and prevention (IDP)
- Content management
- Virtual private network (VPN)
By Industry Vertical
- Aerospace and Defense
- Banking, Financial Services, and Insurance (BFSI)
- Public Sector
- IT and Telecom
- Energy and Utilities
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
Key Players Profiled in the Report
- Cisco Systems, Inc.
- Check Point Software Technologies Ltd.
- Symantec Corporation
- Intel Corporation
- Fortinet, Inc.
- Palo Alto Networks, Inc.
- Bosch Sicherheitssysteme GmbH
- Honeywell International Inc.
- Trend Micro Inc
- Juniper Networks, Inc.
Other Market Players Mentioned in the Report
WatchGuard Technologies, Inc., Cyberoam Technologies, Nozomi Networks, NetMotion, Inc., and others.