2018 - 2026: Global Firewall as a Service Market Including Key Players Such As Software Technologies Ltd., Palo Alto Networks, Fortinet, Inc. and Cisco Systems Inc.

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The growing cases of cyber-attacks, which have impacted every industry is one of the most insightful factors of the firewall as a service market. Cyber-attacks have become a global concern, leading to a flood of technological developments in the security sector. Increasing initiatives by regulatory authorities to increase the safety of the database of end-users is a key factor which drives the firewall as a service market. Firewall services help businesses in protecting end-to-end database and web application.

The growth of NGFW (next-generation firewall) has completely changed the scene with features such as application programming interface (API), deep packet inspection (DPI), intrusion prevention system (IPS), and filtering, developing the opportunities in the firewall market. In recent years, firewall devices have gained an element of importance in network security, based on the progress in product design in terms of performance, sophistication, and functionality.

Key trends highlighting the competitive scenario of this market are the rising inclination of firewall suppliers of signing strategic partnerships with cloud based organizations to increase their customer base. Furthermore, the recent cyber-attacks combined with growing number of government initiatives worldwide to improve customers’ knowledge about security problems are providing a key push to the firewall as a service market.

The rising number of internet users, growing banking, financial services and insurance (BFSI) sector, and increase in research & development investments for security infrastructure are the key factors driving the firewall as a service market. Internet has become so important that as it grows, there is an ongoing increase and evolution in cyber security risks. Cyber security threats are worsened by the interdependent and interconnected architecture of recent computing environments. Hence, firewalls help businesses by protecting them from cyber-attacks which has led to growth of the firewall as a service market.

Firewalls are used to restrict illegal data transmission from the network. Even though this can protect the system from interruption, it can also create significant difficulties for employees. Firewall rules can be very restrictive. These restrictions can hinder productivity of the firewall as a service market. Small and medium businesses (SMBs) are slowly adopting firewall technology. Customized firewall solutions and cost effective features are anticipated to offer remarkable growth opportunities for the firewall as a service market in the coming years.

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Firewall as a service market can be segmented based on deployment model, service model, applications, and region. Based on deployment model, the market is segmented into private cloud, public cloud and hybrid cloud. The hybrid cloud model is anticipated to gain the highest share in the firewall as a service market during the forecast period. Hybrid cloud offers reduced risks, more control, better performance, and cost-efficiency. Furthermore, it offers a combination of private cloud and public cloud features, such as cost-effectiveness and versatility of the public cloud, and security and greater control of the private cloud. On the basis of service model, the market is segmented as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS).

On the basis of applications, the market is divided into Banking, Financial Services, and Insurance (BFSI), education, energy and utilities, government and public sector, healthcare, manufacturing, retail, IT & telecomm, and others (travel and transportation, and hospitality). Banking, Financial Services, and Insurance sector emerged as a strong contender in the application landscape of the firewall as a service market.

On the basis of region, the market is categorized as North America, Europe, Middle East & Africa, Asia Pacific, and South America. North America is likely to have the highest market share during the forecast period, due to the growing adoption of cloud services, increasing need to prevent cyber threats, and better security compliant offerings by sellers.

Some of the key players of the firewall as a service market are Check Point Software Technologies Ltd., Palo Alto Networks, Fortinet, Inc., Cisco Systems Inc., IBM Corporation, Symantec Corporation, McAfee, LLC, Sophos Ltd., and FireEye, Inc. among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
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Emerging niche segments and regional markets
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