Security appliances can be defined as a set of network management and security tools that are designed to protect the inside and outside of the network system from various cyber threats. It includes firewall, intrusion detection and prevention (IDP), content management, unified threat management (UTM), and virtual private network (VPN). Security appliances protect the safety of assets from cyber-crime and terrorism and other network service interruptions that affect daily operations in order to effectively protect sensitive data of organizations. Network security can be accomplished through active monitoring, exposure of outages or malicious movement, and prompt response to disruptions.
The rising adoption of cloud based solutions, mobility, and bring-your-own-device (BYOD) trend has enabled endpoint protection to be a crucial part of all security departments. Security threats and vulnerabilities that vary from day to day and even hour to hour. In addition, maintaining security in a wireless environment is a challenge for most vendors in the ecosystem. Moreover, cyber threats affect more than just the information technology (IT) infrastructure of a company. These threats cause disruptions to the entire network that can impact principal business functions. Furthermore, organizations evaluate network security in terms of direct influence to the successful execution of an organization’s primary mission.
The global security appliances market is segmented on the basis of type, deployment mode, industry vertical, and region. By type, the market is categorized into firewall, intrusion detection and prevention (IDP), content management, unified threat management (UTM), and virtual private network (VPN). By industry vertical, it is segmented into banking, financial services & insurance (BFSI), public sector, energy & utilities, retail, IT & telecom, manufacturing, aerospace & defense, healthcare, and others. By deployment, it is segregated into on-premise and cloud. Region wise, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Key market players operating in the market, which includes Cisco Systems, Inc., Check Point Software Technologies Ltd., Symantec Corporation, Intel Corporation, Fortinet, Inc., Palo Alto Networks, Inc., Bosch Sicherheitssysteme GmbH, Honeywell International Inc., Johnson Controls International plc., and Juniper Networks, Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and others, which help to drive the growth of the global security appliances market.
The rising adoption of cloud based solutions, mobility, and bring-your-own-device (BYOD) trend has enabled endpoint protection to be a crucial part of all security departments. Security threats and vulnerabilities that vary from day to day and even hour to hour. In addition, maintaining security in a wireless environment is a challenge for most vendors in the ecosystem. Moreover, cyber threats affect more than just the information technology (IT) infrastructure of a company. These threats cause disruptions to the entire network that can impact principal business functions. Furthermore, organizations evaluate network security in terms of direct influence to the successful execution of an organization’s primary mission.
The global security appliances market is segmented on the basis of type, deployment mode, industry vertical, and region. By type, the market is categorized into firewall, intrusion detection and prevention (IDP), content management, unified threat management (UTM), and virtual private network (VPN). By industry vertical, it is segmented into banking, financial services & insurance (BFSI), public sector, energy & utilities, retail, IT & telecom, manufacturing, aerospace & defense, healthcare, and others. By deployment, it is segregated into on-premise and cloud. Region wise, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Key market players operating in the market, which includes Cisco Systems, Inc., Check Point Software Technologies Ltd., Symantec Corporation, Intel Corporation, Fortinet, Inc., Palo Alto Networks, Inc., Bosch Sicherheitssysteme GmbH, Honeywell International Inc., Johnson Controls International plc., and Juniper Networks, Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and others, which help to drive the growth of the global security appliances market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the security appliances market analysis from 2020 to 2030 to identify the prevailing security appliances market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the security appliances market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global security appliances market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Deployment
- On premise
- Cloud based
By Industry Vertical
- Aerospace and Defense
- Banking, Financial Services, and Insurance (BFSI)
- Public Sector
- Retail
- Healthcare
- IT and Telecom
- Energy and Utilities
- Manufacturing
- Others
By Type
- Firewall
- Unified threat management
- Intrusion detection and prevention
- Content management
- Virtual private network
By Region
- North America
- U.S.
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Rest of Latin America
- Rest of Middle East And Africa
- South Africa
Key Market Players
- 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.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SECURITY APPLIANCES MARKET, BY BY DEPLOYMENT
CHAPTER 5: SECURITY APPLIANCES MARKET, BY BY INDUSTRY VERTICAL
CHAPTER 6: SECURITY APPLIANCES MARKET, BY BY TYPE
CHAPTER 7: SECURITY APPLIANCES MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Security Appliances Market,' the security appliances market size was valued at $69.18 billion in 2020, and is estimated to reach $229.74 billion by 2030, growing at a CAGR of 12.81% from 2021 to 2030.Advancements in industrial-grade digital technology, an increase in inclination toward cloud-based security appliances software, and a rise in need for improved supply chain and customer relationship management majorly contribute to the growth of the market. However, the lack of IT infrastructure in underdeveloped nations and the increase in security & privacy concerns hamper the growth of the security appliances market.
On the basis of type, the content management segment dominated the overall security appliances industry in 2020 and is expected to continue this trend throughout the forecast period. Increased markets for cloud-based and cross-platform solutions have created opportunities for market expansion. In addition, integration with parallel products such as customer relationship management, analytics-driven content management, and cross-channel integration are some of the trends that have enhanced the adoption of content management among end-user industries. However, the unified threat management (UTM) segment is expected to witness the highest growth, and this trend is expected to continue during the forecast period. UTM is a solution that allows organizations and IT personnel to monitor and manage a wide variety of security-related applications and components, making them available to users in a secure manner. The development of such solutions that fulfill the impending need to secure an employee’s personal data at the workplace is expected to supplement the growth of UTM. The facility to prevent accidental and malicious data breaches by scanning text and common files is projected to boost market growth. The functionalities offered by UTM such as reduced network complexity and single-point and single-window administration for all security functions are anticipated to further facilitate the growth of the UTM market.
Depending on the deployment model, the on-premise segment garnered the largest share in 2020, and is expected to continue this trend during the forecast period. This is attributed to numerous benefits provided by this on-premise deployment such as high level of data security and safety. On-premise deployment model enables installation of the software and permits applications to run on systems present in the premises of the organization, rather than at a distant facility such as server space or cloud. This model is appropriate for specific applications such as financial applications and health records with critical data that entail large data transfers and operations. However, the cloud segment is expected to witness highest growth in the upcoming years. As cloud deployment does not need any investment in IT infrastructure as all data is stored on cloud server, which increases the demand for of security appliances software in small and medium scale organizations. Cloud-based deployment is an application licensing and delivery model, where a vendor or a service provider hosts applications remotely. This deployment model provides the IT team with a greater prospect to facilitate real business value to the organization through lower expected cost and an improved ability to focus on innovation and differentiation.
As per Security Appliances Market Analysis. The COVID-19 outbreak had a positive impact on the growth of the security appliances market as the new technologies are helping enterprises to address the extensive capacity demand of security appliances even after the restrictions imposed by the governments and remote working. The outbreak of COVID-19 has affected communities globally while governments and companies are trying their best to respond faster to the challenges posed by this pandemic. However, from the first quarter of 2020, the COVID-19 pandemic created an unbalanced health situation, with stringent restrictions to maintain social distancing and lockdown implemented across the world. Thus, with a major aim to contain this pandemic, the majority of the economies have enforced a complete shutdown, thereby leading to decline in business operations. Sectors such as manufacturing and transportation have been severely impacted, worsening the business scenario and resulting in colossal monetary and employment losses. However, this pandemic has elevated the growth of the security appliances market and is expected to exhibit an increase during the forecast period.
Key findings of the Study
- By type, the content management segment dominated the security appliances market share in 2020. However, the Unified threat management (UTM) segment is expected to exhibit significant growth during the forecast period.
- On the basis of the deployment model, the on-premise segment accounted for the highest revenue in the market in 2020; however, the cloud segment is expected to witness the highest growth rate during the forecast period.
- Depending on the industry vertical, the banking, financial services, and insurance (BFSI) segment generated the highest revenue in 2020. However, the healthcare segment is expected to witness the highest growth rate in the near future.
- Region-wise, the security appliances market was dominated by North America. However, Asia-Pacific is expected to witness significant growth in the coming years.
- This report gives security appliances market forecast and an in-depth profile of some key market players in the security appliances market are Cisco Systems, Inc., Check Point Software Technologies Ltd., Symantec Corporation, Intel Corporation, Fortinet, Inc., Palo Alto Networks, Inc., Bosch Sicherheitssysteme GmbH, Honeywell International Inc., Johnson Controls International plc. and Juniper Networks, Inc. This study includes market trends, market analysis, and future estimations to determine the imminent investment pockets.
Companies Mentioned
- 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.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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