The report recognizes the following companies as the key players in the global network security appliance market: Checkpoint Systems, Cisco Systems, Fortinet, Juniper Networks and Palo Alto Networks
Other Prominent Vendors in the market are: Arbor Networks, Barracuda Networks, Dell SonicWall, F5 Networks, IBM, Kerio Technologies, Qualys, Sophos and WatchGuard Technologies
Commenting on the report, an analyst said: “The demand for SaaS-based security solutions is increasing because of their significant advantages such as easy installation, easy upgrade, cost advantages, and signature independent scanning. SMEs, large enterprises, and startup companies are choosing SaaS-based (or hybrid) solutions over on-premises solutions because of these advantages. It is expected that the high demand for SaaS-based security solutions will help the market grow at a significant rate during the forecast period.”
According to the report, cyber-attacks have increased in the past few years because of organizations' increasing online presence, the rise in use of social media, and the adoption of mobile devices. Though the number of attacks has slightly decreased globally because of the growing awareness and use of network security solutions, the cost and scale of breaches remain high and are an immense concern for organizations. Efficient management of cyber-attacks will not only provide security to organizations but also give them competitive advantages over companies that do not have sufficient protection.
Further, the report states that the growing complexity of network infrastructures is a challenge for the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Jun 16, 2015