Firewall-As-A-Service Market, 2023 Size, Share, Trends, Growth Outlook With Company Analysis And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Firewall-As-A-Service Global Market Report 2023 identifies increase in the number of fraud cases and cyber-attacks as the major driver for the Firewall-As-A-Service market's growth in the forecast period. A cyberattack is a malicious and deliberate attempt by an individual or organization to breach the information system of another individual or organization. Cybercrime has increased every year as people try to benefit from vulnerable business systems.

The global firewall-as-a-service market size grew from $2.32 billion in 2022 to $2.93 billion in 2023 at a compound annual growth rate (CAGR) of 26.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The firewall-as-a-service market size is expected to grow to $7.39 billion in 2027 at a CAGR of 26.0%.

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Major competitors in the Firewall-As-A-Service market are Barracuda Networks Inc., Cisco Syatems Inc., Juniper Networks Inc., Cato Networks, Forcepoint, Fortinet Inc., Check Point Software Technologies Inc.

A key trend in the Firewall-As-A-Service market includes advancements in cloud-based firewall services. A cloud firewall protects cloud infrastructure from attacks, just as a traditional firewall protects on-premise networks. Major companies operating in the firewall as a service market are focused on developing new technological solutions to strengthen their position. For instance, in March 2022, Palo Alto, a US-based cybersecurity company launches a cloud-native firewall service for AWS (Amazon Web Services).

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The Firewall-As-A-Service market is segmented -
• By Service Type: Traffic Monitoring and Control, Compliance and Audit Management, Reporting and Log Management, Automation and Orchestration, Security Management
• By Deployment: Private, Hybrid
• By Enterprise Size: Large Enterprise, Small and Medium Enterprises
• By Vertical: Banking, Financial Services and Insurance, IT and Telecom, Manufacturing, Travel and Hospitality, Healthcare, Energy and Utilities, Retail and Consumer goods, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Firewall-As-A-Service market.

The Business Research Company's "Global Firewall-As-A-Service Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Firewall-As-A-Service Market Include:

1. Executive Summary
2. Firewall-As-A-Service Market Characteristics
3. Firewall-As-A-Service Market Trends And Strategies
4. Firewall-As-A-Service Market - Macro Economic Scenario
5. Firewall-As-A-Service Market Size And Growth
……………………………………………………………………..
26. Africa Firewall-As-A-Service Market
27. Firewall-As-A-Service Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Firewall-As-A-Service Market
29. Firewall-As-A-Service Market Future Outlook and Potential Analysis
30. Appendix

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