APAC Network Firewall Tracker, H1 2023

In H1 2023, the APAC network firewall market saw a comparatively slower YoY growth of 8.2% as compared to H1 2022 that registered an estimated YoY growth of 14.0%. The market witnessed a slow growth following the difficult macroeconomic situation that engulfed many countries in APAC, leading to a more reserved approach when it comes to cybersecurity investments. This has resulted in organizations to shift their focus towards consolidating their security stack into a single unified platform that allows better visibility and management of security tools, ensuring a consistent security strategy.

The appliance segment remains to be the larger form factor as compared to the virtual segment in H1 2023. However, the appliance segment saw a slower YoY growth of 6.9% in H1 2023 as compared to the virtual segment that recorded a double-digit YoY growth of 20.5%.
Consolidation trend is expected to drive go-to-market strategies and expansion efforts among the network firewall market participants in the APAC network firewall market.

Research Scope:
This tracker provides an analysis of the total network firewall market in the Asia-Pacific region for H1 2023 (January to June) period. Market trends, such as vendor performance, vertical market splits, and enterprise-size splits are analyzed in this study. The countries included in this study are Australia, New Zealand, Singapore, Malaysia, Indonesia, the Philippines, Thailand, Vietnam, China, Hong Kong, Taiwan, India, Japan, South Korea, and rest of ASEAN countries (Brunei, Cambodia, Laos, Myanmar).

This study focuses on network firewall which encompasses both dedicated firewall and integrated security appliance (ISA), which can be referred as Unified Threat Management (UTM)/ Next Generation Firewall (NGFW) solutions. The technology segmentation in this study segments the network firewall market into physical appliances including UTM/ NGFW and dedicated firewall, and virtual appliances which include public, private or hybrid cloud. Vertical segmentation in this study includes the government; banking, financial services, and insurance (BFSI); service provider; healthcare; manufacturing; education; and other sectors. The customer segmentation includes large enterprises with more than 500 employees as well as small and medium-sized businesses with less than 500 employees.

Companies mentioned in this tracker include AhnLab, Check Point Software Technologies, Cisco Systems, F5, Forcepoint, Fortinet, Gajshield, H3C Technologies, Hillstone Networks, Huawei, Juniper Networks, KX NexG, Neusoft, NSFOCUS, Palo Alto Networks, QI-ANXIN GROUP, Sangfor, SECUI, SonicWall, Sophos, TopSec, Venustech, WatchGuard Technologies, WINS, and other vendors.