Firewall as a Service Market By Top Leading Key Players: CheckPoint, Fortinet, Palo Alto Networks, Cisco, Juniper Networks, Tufin, AlgoSec, FireMon, SkyBox Security

Market Overview: -

The number of cyber-crimes across the globe is sky-rocketing – a factor that has provided a substantial push to firewall as a service market, an integral vertical of the network security landscape. According to recent news reports, roughly 2 billion data records around the globe were stolen or lost by cyber-attacks in the first half of 2017. The increasing complexity and sophistication of these attacks further paint a grim picture of today’s network security landscape, in extension leading to Firewall as a Service (FWaaS) market emerging in rather a gigantic way.

FWaaS market is estimated to surpass USD 2.5 billion by 2024. The firewall solutions are being used by organizations to protect end-to-end web application and database of customer information and business. FWaaS enables fast and secure local Internet breakouts for all ports and protocols, without the use of hardware appliances. It elastically handles all the cloud application traffic, bringing the entire security stack closer to offer protection no matter where they connect. The solutions keep the network secure, depending on the needs of the customer; the solutions are integrated with next-generation appliances.

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Top Key Players: -

Some of the key participants in the FWaaS market include CheckPoint, Fortinet, Palo Alto Networks, Cisco, Juniper Networks, Tufin, AlgoSec, FireMon, and SkyBox Security. The industry is characterized by presence of firewall appliance providers, security providers, network providers, cloud providers, and management software providers.

Market share calculation in this report is not done based on companies covered in it. The calculation of firewall as a service market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

North America will dominate the market in 2016, approx. 52% and is expected to maintain its majority by 2024, due to increase in the use of cloud computing and collaboration within companies and government. The region has well-established players investing in R&D activities that will contribute to the development of new and advanced technologies.

Asia Pacific (APAC) offers growth opportunities in the FWaaS market as there is a wide presence of SMEs in the region that are ready to use customized security applications to defend against threats. The region is the fastest growing market due to security challenges and investment in infrastructure.

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Partial Chapter of the Table of Content

Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and research parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. FWaaS industry 360º synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Product trends
2.1.4. Application trends
2.1.5. Service model trends
2.1.6. Delivery model trends
Chapter 3. FWaaS Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.4. Technology & innovation landscape
3.4.1. Virtualization firewalls
3.4.2. Web application firewallS
3.5. Regulatory landscape
3.5.1. Payment Card Industry Data Security Standard (PCI DSS)
3.5.2. The Gramm-Leach-Bliley Act (GLB) Act of 1999
3.5.3. Federal Information Security Management Act (FISMA)
3.5.4. North American Electric Reliability Corp. (NERC) standards
3.5.5. Health Insurance Portability and Accountability Act (HIPAA)
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1 Growing cybercrimes in North America
3.6.1.2 Regulatory Compliance
3.6.1.3 Increase in demand for network security in Asia Pacific
3.6.2. Industry pitfalls & challenges
3.6.2.1 Lack of concern towards security
3.6.1.2 Penetration confined to large enterprises
3.7. Growth potential analysis
3.8. Porter's analysis
3.9. Competitive landscape, 2016
3.9.1. Strategy dashboard
3.10. PESTEL analysis

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The recent trend of the increasing collaboration of firewall service providers and pure software vendors is seen to be growing. These proactive and dynamic prospects are vividly underlining the competitive and strategic landscape of firewall as a service industry. To cite an instance, Tata Consultancy Services, a dominant Indian IT service provider, has recently teamed up with US-based security firm Palo Alto Networks to assist enterprises to reliably transfer applications and data to the public cloud infrastructure.

The Global Security Operations Centres of TCS will be leveraged to keep a tab on the sophisticated and complex cyber-threats and ward off malicious cyber-attacks trying to inflict organizations. Furthermore, Firewall as a Service (FWaaS) market is striving to be a combative market as the leading players are continuing their efforts to integrate with cloud companies to cater to a wider range of customers.

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