Dublin, Sept. 15, 2021 (GLOBE NEWSWIRE) — The “Network Security Firewall Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The network security firewall market is expected to grow at a CAGR of 13% during the forecast period, 2021 – 2026. The growth of the network security firewall market is driven by several factors, such as increased demand for network security & privacy, advancement of digital transformation in the telecommunication industry, real-time streaming analysis, and administrative regulations encouraging demand for network security firewalls.
Owing to the numerous amount of advantages that comes with the utilization of a firewall in a network, especially the easy installation and the high speed is fuelling the market growth. Additionally, implementing a firewall for a network is also much less costly than to have to secure each computer individually.However, lack of preventive firewall maintenance infrastructure, and poor hardware and system compatibility are few of the major factors hindering the market growth.
The increasing need of securing communication paths from unlawful access and information misuse and maintenaning network safety between the external network and the inner network to safeguard the company from fraud and data violations is helping the market to expand and grow.
The rapid use of web applications, rapid adoption of cloud technologies, and the…