In H2 2022, the APAC network firewall market witnessed a slightly slower YoY growth of 11.0% in comparison to the YoY growth of approximately 13.0% in H1 2022. This slower growth reflects the cautious spending sentiment amidst the changing macro environment in 2022 as customers demand for more value for their cybersecurity investments. This changing environment further drives the consolidation narrative as customers seek to consolidate their security stack, including appliance and virtual firewalls for consistent and efficient long-term security strategy. The appliance segment remained the largest form factor segment driving the network firewall market in this region. However, the appliance segment saw a slower YoY growth of 9.0% when compared to the virtual segment which experienced a steady YoY growth of more than 20.0%. Cybersecurity platform consolidation approach will continue to drive the growth strategies and offerings of the network firewall market participants in APAC

Research Scope:
This tracker provides an analysis of the total network firewall market in the Asia-Pacific region for H2 2022 (July to December) period. Market trends, such as vendor performance, vertical market splits, and enterprise-size splits are analyzed in this study. 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) are covered. This study focuses on network firewall—both dedicated firewall and integrated security appliance (ISA)—and can be referred to as Unified Threat Management (UTM)/Next-generation Firewall (NGFW) solutions. The technology segmentation covers physical appliances including UTM/ NGFW and dedicated firewall, and virtual appliances which include public, private, or hybrid cloud. Vertical segmentation covers government; banking, financial services, and insurance (BFSI); service provider; healthcare; manufacturing; education; and other sectors. The customer segmentation includes large enterprises (more than 500 employees) as well as small and medium-sized businesses (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, and WINS.