Firewall as a Service Market - Global Industry Analysis

Firewall as a Service Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Semiconductor & Electronics Report Format : PDF Report Code: ZMR-6228 Status : Upcoming

Description

Global Firewall as a Service Market: Overview

Firewall as a service system offers a cloud-based firewall for better capabilities like access control, URL filtering, advanced threat protection, and DNA security. It is a next-generation firewall that enables customers to move the security inspection to a cloud foundation. It also delivers a broad range of network security abilities according to the requirement of businesses owing to the benefits of the cloud model and advanced software. It also offers simpler management, a reliable unified security policy, and enhanced visibility. It also assists the firm to spend relatively less time on repetitive tasks. It is widely utilized in various sectors like industrial, retail, insurance, financial services, banking, telecom & IT, aerospace & defense, and others.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Firewall as a Service Market: Growth Factors

The growing requirement for fortifying the enterprise network against unprecedented and unauthorized strikes along with rapid alteration to firewall protocols is one of the major factors driving the growth of the global firewall as a service market. However, the global firewall as a service market is also growing rapidly due to the high adoption rate of advanced technologies like cloud computing, mobilization, and bring your own devices (BYOD) by the organizations. The real-time functionalities and cost-effectiveness capabilities are leveraging the demand for the firewall as a service solution in the market globally. The growth in cybercrimes all around the globe has alarmed organizations to invest heavily towards the security of their information. Also, the growing number of internet users along with the fast proliferating BFSI sector contributes vigorously towards the growth of the global firewall as a service market. The growing research and development activities to improve the security infrastructure are also driving the growth of the global firewall as a service market vigorously during the forecast period.

Global Firewall as a Service Market: Segmentation

The global firewall as a service market can be segmented into application, delivery model, service model, and region.

By application, the market can be segmented into BFSI, healthcare, government, retail, education, manufacturing, and others. The retail segment accounts for the largest share in the global firewall as a service market owing to the growing incidences of a data security breach. Data security breach erodes the customer confidence and beliefs which in turn impacts the entire value chain and incurs losses to the business. A firewall as a service solution also prevents retailers from various cyber-attacks like remote threats, thefts, and malware. It also maintains effective connectivity for a transaction. The retail sector associates with millions of debit and credit cards containing all the financial information within their databases and networks. Thus, the retail sector is the prominent target of attackers and hence retailers are increasingly adopting such solutions to protect the network and maintain compliance.

By delivery model, the market can be segmented into private, public, and hybrid. The public delivery model holds the largest share in the global firewall as a service market owing to its high rate of adoption across small and medium enterprises all around the globe. The high rate of adoption can be attributed to its cost-effective feature among other available options.

By service model, the market can be segmented into software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS). The software as a service (SaaS) model holds hegemony over others as it lowers the operational cost of the enterprises and hence it is highly adopted across the organization of all sizes.

Global Firewall as a Service Market: Regional analysis

North America holds the largest share in the global firewall as a service market owing to the growing cyber threats in the region.

Europe is expected to witness huge growth during the forecast period due to the increase in data theft cases within several organizations in the region.

Global Firewall as a Service Market: Competitive Players

Some of the significant players in the global firewall as a service market are Watchguard, Skybox Security, Symantec, Tufin, Sophos, FireEye, McAfee, Fortinet, Checkpoint, IBM, Firemon, Palo Alto Networks, Cisco, AlgoSec, Zscaler, Inc., Juniper Networks, Inc., Forcepoint LLC, Check Point Software Technologies Ltd., and Barracuda Networks, Inc.

Global Firewall as a Service Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The growing requirement for fortifying the enterprise network against unprecedented and unauthorized strikes along with rapid alteration to firewall protocols is one of the major factors driving the growth of the global firewall as a service market. However, the global firewall as a service market is also growing rapidly due to the high adoption rate of advanced technologies like cloud computing, mobilization, and bring your own devices (BYOD) by the organizations.

 

Some of the significant players in the global firewall as a service market are Watchguard, Skybox Security, Symantec, Tufin, Sophos, FireEye, McAfee, Fortinet, Checkpoint, IBM, Firemon, Palo Alto Networks, Cisco, AlgoSec, Zscaler, Inc., Juniper Networks, Inc., Forcepoint LLC, Check Point Software Technologies Ltd., and Barracuda Networks, Inc.

 

North America holds the largest share in the global firewall as a service market owing to the growing cyber threats in the region.

Europe is expected to witness huge growth during the forecast period due to the increase in data theft cases within several organizations in the region.

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