Security Appliances Market Predicted to Reach $108,948 Million by 2022

Allied Market Research logo

Allied Market Research logo

North America, is expected to have a dominant presence in terms of market size. Asia-Pacific is estimated to showcase a significant growth rate in future.

PORTLAND, OREGON, UNITED STATES, September 3, 2021 / — The current business scenario has witnessed an upsurge in the adoption of security appliances in the developed and the developing regions. This growth is attributed to technological innovation in product offerings, rise in adoption for cloud-based solutions, increase in application areas among end-use industries, and heavy venture capital investments in R&D activities to develop solutions with enhanced capabilities. Rise in number of security breaches and government regulations related to IT security is expected to stimulate organizations/companies enhance their data security infrastructure. The outsourcing of IT security services is estimated to continue during the forecast period. The security appliances market was valued at $47,504 million in 2015, and is projected to reach $108,948 million by 2022, growing at a CAGR of 13.0% from 2016 to 2022.

Explore Report Description-

The Banking, Financial Services & Insurance (BFSI) segment dominated the global security appliances market with around 19% share in 2014, followed by the IT & telecom. Furthermore, the aerospace & defence segment is estimated to grow at the highest CAGR of 16.6%, owing to increase in demand for cloud-based security appliances and the need to protect critical information.

The security appliances market is categorized based on geography into North America, Europe, Asia-Pacific, and LAMEA. North America was the highest revenue contributor in 2014, accounting for around 32% share. However, Asia-Pacific is projected to grow at the highest CAGR of 16.0% during the forecast period due to developments in the BFSI, aerospace & defence, and IT & telecom industries in countries, such as India, China, Japan, and Australia.

For Purchase Inquiry-

The report features the competitive scenario of the security appliances market and provides the comprehensive analyses of the significant growth strategies adopted by major players. The key players operating in the security appliances market, include 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., and Juniper Networks, Inc.

Key Findings of the Security Appliances Market Study:

• The BFSI segment dominated the global security appliances market in 2014, and the aerospace & defence segment is expected to grow at the highest CAGR.
• The IT & telecom segment is estimated to present significant growth opportunities to key players operating in the global market.
• The security appliances market North America, is expected to have a dominant presence in terms of market size. However, Asia-Pacific is estimated to showcase significant growth rate, during the forecast period.

Similar Report-

Fitness App Market

Healthcare Analytics Market

E-House Market
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link:

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
+18007925285 ext.
email us here
Visit us on social media:

You just read:

News Provided By

September 03, 2021, 18:38 GMT

EIN Presswire’s priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone’s Internet News Presswire™, tries to define some of the boundaries that are reasonable in today’s world. Please see our Editorial Guidelines for more information.