Firewall as a Service Market is Estimated to Reach USD 13.25 billion by 2030: Cognitive Market Research

Market Overview:
- Firewall as a Service is a network security technology that delivers cloud-based service to simplify the IT infrastructure of the company. It provides next-generation firewall capabilities such as web filtering, advanced threat protection (ATP), intrusion prevention system (IPS), and Domain Name System (DNS) security.

Summary:
• Global Firewall as a Service Market is projected to grow at a CAGR of 22.9% during the forecast period of 2023-2030.
• North America accounted for the largest market share in the Global Firewall as a Service Market.

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Market Dynamics:
- The increasing adoption of cloud-based services in organizations is increasing the need for cloud-native security solutions. Firewall as a Service (FWaaS) provides an effective way to protect cloud environments and applications by integrating with cloud providers' infrastructure. In addition, the increasing malware and phishing threats among organizations and the growing adoption of IoT and BYOD (bring your own device) trends support the growth of the Firewall as a Service market.

Market Segementation:
- Service Type:
• Traffic Monitoring & Control
• Compliance & Audit Management
• Reporting & Log Management
• Automation & Orchestration
• Security Management
• Managed Services
• Professional Services
• Others
Based on Service Type, the compliance & audit management segment held the largest revenue share in 2022. This is due to the growing cyberattacks and increasing need to secure crucial data.

- Deployment Model:
• Public
• Private
• Hybrid
Based on the deployment model, the public segment held the largest share in 2022 owing to the increasing adoption of cloud-based solutions and the increasing need to strengthen firewall security to reduce risk.

- Enterprise Size:
• Large Size Enterprises
• Small and Medium Sized Enterprises
Based on enterprise size, the large size enterprises segment held the major share in the year 2022 owing to the increasing need to enhance the productivity of organizations and protect organizations from cyberattacks by stopping hackers from accessing sensitive information.

- Application:
• BFSI
• Retail
• IT & Telecommunication
• Healthcare
• Energy & Utilities
• Manufacturing
• Government
• Education
• Others
Based on applications, the BFSI segment held a significant share in the growth of the market. This is attributed to the increasing number of cyberattacks and growing frauds related to credit cards, debit cards, and Internet banking. Hence, BFSI segment is adopting the Firewall as a Service to prevent cyberattacks and financial frauds.

- Competitive Analysis for Firewall as a Service Market: Barracuda, Palo Alto, Cisco, Cato, Juniper, Check Point, Zscaler, Fortinet, Forcepoint, WatchGuard.

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North America is a leading region of the Firewall as a Service market.
- North America held the major share in the growth of the Firewall as a Service market in the year 2022 and is anticipated to remain dominant during the forecast period of analysis. This is attributed to the presence of a large number of players in the region. In addition, the growing adoption of advanced technologies and increasing IT infrastructure are driving the growth of the Firewall as a Service market.

News:
- Cisco Has Disclosed Innovation to Drive New Security Cloud Strategy
In June 2022, Cisco unveiled its plan for a global, cloud-delivered, integrated platform that secures and connects organizations of any shape and size. The company is designing the Cisco Security Cloud which is an open platform, that protects the integrity of the entire IT ecosystem without public cloud lock-in.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Firewall as a Service Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Firewall as a Service Market Segmentation
1.5.1 Firewall as a Service Market Regional Fragmentation
1.5.1 Firewall as a Service Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Firewall as a Service Market
• 3.1 Global Firewall as a Service Market Size 2018 - 2030, (USD Million)
• 3.2 Global Firewall as a Service Market Statistics 2022: Snapshot
Chapter 4 Global Firewall as a Service Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Firewall as a Service Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Firewall as a Service Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Firewall as a Service Market Regional Analysis
Chapter 11 North America Firewall as a Service Market Outlook (2018 - 2030)
Chapter 12 Europe Firewall as a Service Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Firewall as a Service Market Outlook (2018 - 2030)
Chapter 14 Latin America Firewall as a Service Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Firewall as a Service Market Outlook (2018 - 2030)
Chapter 16 Research Findings
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Related Report:
• Next Generation Firewall Solution Market- https://www.cognitivemarketresearch.com/next-generation-firewall-solution-market-report
• Cloud Firewall Management Market- https://www.cognitivemarketresearch.com/cloud-firewall-management-market-report
• The Third Generation Of Network Firewall Market- https://www.cognitivemarketresearch.com/the-third-generation-of-network-firewall-market-report
• Web Application Firewall Solution Market- https://www.cognitivemarketresearch.com/web-application-firewall-solution-market-report

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