Security Appliances Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Security Appliances Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112024A2400
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Market Overview 2023-2028:

The global security appliances market size reached US$ 116.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 236.9 Billion by 2028, exhibiting a growth rate (CAGR) of 12.6% during 2023-2028.

Security appliances refer to various tools, equipment and practices used for network management and security. They are deployed on-cloud or on-site by organizations to prevent unauthorized access to private networks and maximize data security. Some of the commonly used security appliances include firewalls and systems for intrusion detection and prevention, content management, unified threat management and virtual private network (VPN). These tools use preventive and responsive methods to defend networks from being compromised and utilize web filtering, legacy malware protection and advanced threat defense systems to protect against internet-borne threats. Owing to these benefits, security appliances find applications across various industries, such as banking, financial services and insurance (BFSI), defense, information technology (IT) and healthcare.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Security Appliances Market Trends:

The increasing number of cyber threats and security breaches across the globe is one of the key factors driving the growth of the market. Organizations are adopting cost-effective and efficient mechanisms to protect sensitive data from cyber phishing, web hacking, hacktivism and cyber spying. Furthermore, the increasing trend of bring-your-own-devices (BYOD) across organizations is also augmenting the market growth. This trend has made organizations and individuals more vulnerable to malware and threats through smartphones, tablets and laptops. In line with this, the increasing adoption of cloud-based solutions is also contributing to the market growth. The integration of security appliances with cloud computing aids in streamlining the storage of data, accessing servers remotely and conducting analytics for pattern detection, which is contributing to the increasing demand for these appliances. Various technological advancements, such as the development of security appliances with improved range and capabilities, are some of the other factors creating a positive outlook for the market. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global security appliances market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, deployment, end user and vertical.

Breakup by Type:

 

 
 

 

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  • 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:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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. and Trend Micro Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Type, Deployment, End User, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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. and Trend Micro Inc
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global security appliances market was valued at US$ 116.8 Billion in 2022.

We expect the global security appliances market to exhibit a CAGR of 12.6% during 2023-2028.

The growing integration of security appliances with cloud-based solutions to streamline the storage of data, access servers remotely, and conduct analytics for pattern detection is primarily driving the global security appliances market.

The sudden outbreak of the COVID-19 pandemic has led to the rising deployment of remote working model and Bring-Your-Own-Devices (BYOD) resulting in the increasing demand for security appliances to prevent unauthorized access to private networks and maximize data security.

Based on the type, the global security appliances market has been segmented into firewall, Unified Threat Management (UTM), Intrusion Detection and Prevention (IDP), content management, Virtual Private Network (VPN), and others. Among these, Virtual Private Network (VPN) currently holds the majority of the total market share.

Based on the deployment, the global security appliances market can be divided into cloud-based and on-premises. Currently, on-premises deployment exhibits a clear dominance in the market.

Based on the end user, the global security appliances market has been categorized into small and medium enterprises and large organizations, where large organizations account for the majority of the global market share.

Based on the vertical, the global security appliances market can be segregated into BFSI, healthcare, IT and telecom, retail, energy and utilities, manufacturing, and others. Currently, the retail sector holds the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global security appliances market 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., and Trend Micro Inc.

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Security Appliances Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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