Press release
Firewall-As-A-Service Market Experiences Exponential Growth: Overview of Key Drivers, Major Players, and Relevant Trends
Firewall-As-A-Service Market Size
The projected market size of the Global Firewall-As-A-Service and its growth rate
• The Firewall-As-A-Service market size is experiencing exponential growth. It is projected to grow from $3.37 billion in 2024 to $4.13 billion in 2025, indicating a compound annual growth rate (CAGR) of 22.6%. This market surge is largely due to factors like growing cybersecurity threats, increasing remote work and cloud adoption, emphasis on network security and access control, and the rise of BYOD (Bring Your Own Device) policies.
• Further growth is expected, as the Firewall-As-A-Service market size is predicted to reach $11.41 billion by 2029, implying a CAGR of 28.9%. Trends to look forward to in the forecast period include the integration of artificial intelligence in Firewall-As-A-Service, micro-segmentation for enhanced network security, integration with cloud security posture management (CSPM), emphasis on threat intelligence and threat hunting, adoption of secure access service edge (SaSE) principles in Firewall-As-A-Service.
What is driving the growth in the Firewall-As-A-Service market?
Increasing cyber-attacks and fraud cases are expected to push the growth of the firewall as a service market. Cyber-attack is a deliberate attempt to breach the information system of another individual or organization, and the occurrences of such activities have been increasing year on year. According to a statistical report published by Packetlabs, a Canadian-based penetration testing company, cybercrime costs the world $6 trillion in 2021 and this number is projected to increase to $10.5 trillion by 2025. As a countermeasure, organizations employ firewalls as they provide necessary visibility and traffic filtering to identify and block a significant percentage of malicious traffic before it enters the network perimeter, providing a defense in depth.
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Who are the key players driving Firewall-As-A-Service market growth?
• Barracuda Networks Inc.
• Cisco Systems Inc.
• Juniper Networks Inc.
• Cato Networks
• Forcepoint
• Fortinet Inc.
• Check Point Software Technologies Inc.
• Palo Alto Networks Inc.
• WatchGuard Technologies Inc
• Microsoft Corporation
• SonicWall
• Sophos Group PLC.
• Zscaler Inc.
• Akamai Technologies Inc.
• Armor Defense Inc.
• AT&T Inc.
• Lumen Technologies Inc.
• Cloudflare Inc.
• Comodo Security Solutions Inc.
• Cyxtera Technologies
• F5 Inc.
• Google LLC.
• International Business Machines Corporation.
• Netskope Inc.
• Okta Inc.
• Oracle Corporation.
• Proofpoint Inc.
• Qualys Inc.
• Secureworks Inc.
• Broadcom Inc.
• Trend Micro Inc.
• VMware Inc.
What are the key trends in the Firewall-As-A-Service market?
• Integration of artificial intelligence in Firewall-As-A-Service
• Micro-segmentation for enhanced network security
• Integration with cloud security posture management (CSPM)
• Emphasis on threat intelligence and threat hunting
• Adoption of Secure Access Service Edge (SaSE) principles in Firewall-As-A-Service
What are the segments of the Global Firewall-As-A-Service market?
• 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
Which region leads the Firewall-As-A-Service market?
In 2024, North America was the largest region in the firewall as a service market. However, Asia-Pacific is expected to be the fastest-growing region within the forecast period. The report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What is covered in the Firewall-As-A-Service market Global market report?
- Market Size Analysis: Analyze the Firewall-As-A-Service Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Firewall-As-A-Service Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Firewall-As-A-Service Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Firewall-As-A-Service Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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