NEW YORK, Oct. 29, 2020 /PRNewswire/ -- The network
security firewall market in the MEA is expected to grow from
US$ 254.7 million in 2018 to
US$ 846.9 million by 2027; it is
estimated to grow at a CAGR of 14.4% from 2019 to 2027.
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In the past few years, there has been a significant surge in the
emergence of network security threats, continuously pressurizing
the businesses to strengthen their network security.According to
the Online Trust Alliance, the rate of a cyber breach has nearly
doubled from 82,000 in 2016 to 159,700 in 2017.
Also, the majority of network security attacks and hacking are
projected to become even more high profile, reinforcing the
criticality of network security in the coming years.Owing to the
increasing incidences of cyber threats, the network managers across
various industries are emphasizing on security infrastructure and
upgrading the plans to overcome evolving network threats such as
distributed denial-of-service (DDoS) attacks, network-based
ransomware, and insider threats.
The rising need of network security infrastructure further drives
the demand for network security firewall.
Since the start of 2020, the technology industry has been
witnessing a declining trend due to the COVID-19 crisis.The MEA is
expected to experience a significant impact of the pandemic in the
next few months due to non-availability of retailers, suppliers,
online and authorized sales representatives, and manufacturers.
Many companies have halted their production activities and is
subsequently disrupting the import of components and equipment.
Thus, the players operating in this market are projected to
register a swift decline in the supply of network security firewall
components in the future.
Based on solution, the SMS firewall subsegment led the MEA network
security firewall market in 2018.The instances of fraudulent and
spamming of unauthorized parties, which bypass and enter the
standard interconnections as well as sends several unwanted SMS to
mobile subscribers, are increasing.
SMS firewall permits mobile network operators (MNO) to reduce SMS
traffic and threats; through this, the operator monitors, controls,
and focuses strongly on the critical assets to protect the system
from spamming and various cyber attacks. This solution offers a
comprehensive service, which removes the overhead of in-house
mobile network systems through deployment, monitoring, and
maintenance, in turn, fuel the growth of the network security
The overall MEA network security firewall market size has been
derived using both primary and secondary sources.To begin the
research process, exhaustive secondary research has been conducted
using internal and external sources to obtain qualitative and
quantitative information related to the market.
The process also serves the purpose of obtaining an overview and
forecast for the MEA network security firewall market with respect
to all the segments pertaining to the region.Also, multiple primary
interviews have been conducted with industry participants and
commentators to validate the data as well as to gain more
analytical insights into the topic.
The participants who typically take part in such process include
industry experts, such as VPs, business development managers,
market intelligence managers, and national sales managers, along
with external consultants, such as valuation experts, research
analysts, and key opinion leaders specializing in the MEA network
security firewall market. A few players operating in the market are
Adaptive Mobile security; AMD Telecom S.A.; ANAM Technologies;
Cellusys; Cisco Systems, Inc.; Mobileum Inc.; Omobio (Pvt) Ltd; SAP
SE; and Symsoft AB (Sinch).
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