Press release
Firewall as a Service Market Business Growth Statistics and Key Players Insights: Checkpoint, Palo Alto Networks, Fortinet, Cisco, IBM, Symantec, McAfee
Firewall as a Service Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 25% CAGR to 2024.
The firewall appliances market holds majority of the FWaaS market share with approximately 22% CAGR estimation from 2017 to 2024. Traditionally, proxy servers and stateful inspection firewalls were used to protect the servers and network. However, with the change in the attacks and spreading its reach, internal networks require more protection than traditional ways. The UTM and NGFW were used to protect enterprises from internal and external network attacks.
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Rapid digitization, primarily in countries such as India and China, has led to an increase in the IT sector, leading to a new market for cyber criminals. Various organizations are working with government agencies to provide customized suites and packages to enterprises, especially SMEs, as they are very reluctant to use software and more prone to attackers.
Adoption of BYOD, digital banking, and connected devices is changing the firewall as a service market. The penetration of phones and the connectivity across the world has led to the rise in the hacking of the device and collect the financial information. NGFW is attracting lot of companies with their public deployment model as majority of the players offer the product in the competitive FWaaS market. Organizations such as Tufin, Skybox Security and Firemon are offering management software tools required by any user to track and monitor the attacks and update the regulatory norms whenever required.
Firewall as a Service Market size is set to exceed USD 2.5 billion by 2024; according to a new research report. Rising initiatives by regulatory authorities to improve the security of the customer information and increase in cyber-attacks is a major factor driving the firewall as a service market growth. Firewalls help organizations in protecting end-to-end web application and database to protect their customer information and their business. The development of Next-Generation Firewall has entirely changed the landscape with features such as DPI, API, SSL inspection, filtering, and IPS, improving the cloud firewall market opportunity for these solutions.
The rising number of attacks and need for security measures are fostering the growth of the Asia Pacific FWaaS market. Additionally, number of organizations are understanding the benefits of offering cloud deployment to their customers to get cost-benefits. Moreover, government initiatives to improve the security and introduce norms is creating growth opportunities for the security providers.
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The players operating in the firewall as a service equipment space include Checkpoint, Palo Alto Networks, Fortinet, Cisco, IBM, Symantec, McAfee, and Sophos. Additionally, some of the pure management software providers holding strong place in the FWaaS market are Tufin, Firemon, Algosec, Skybox Security FireEye, and Watchguard.The industry is seeing a number of M&A in the past five years; for instance, the acquisition of Niara by HPE to expand their product offerings and brand value.
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 360 degree 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
3.5. Regulatory landscape
3.6. Industry impact forces
3.7. Growth potential analysis
3.8. Porter's analysis
3.9. Competitive landscape, 2016
3.10. PESTEL analysis
Chapter 4. FWaaS Market, By Product
4.1. FWaaS market share by product, 2016 & 2024
4.2. Firewall
4.3. Management software/tools
Chapter 5. FWaaS Market, By Application
5.1. FWaaS market share by application, 2016 & 2024
5.2. BFSI
5.3. Healthcare
5.4. Government
5.5. Retail
5.6. Education
5.7. Manufacturing
Chapter 6. FWaaS Market, By Service Model
6.1. FWaaS market share by service model, 2016 & 2024
6.2. SaaS
6.3. IaaS
6.4. PaaS
Chapter 7. FWaaS Market, By Delivery Model
7.1. FWaaS market share by service model, 2016 & 2024
7.2. Public
7.2.1. Market estimates and forecast, 2013 - 2024
7.2.2. Market estimates and forecast, by region, 2013 - 2024
7.3. Private
7.3.1. Market estimates and forecast, 2013 - 2024
7.3.2. Market estimates and forecast, by region, 2013 - 2024
7.4. Hybrid
7.4.1. Market estimates and forecast, 2013 - 2024
7.4.2. Market estimates and forecast, by region, 2013 - 2024
Chapter 8. FWaaS Market, By Region
Chapter 9. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/firewall-as-a-service-fwaas-market
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