Press release
Enterprise Firewall Market: Soaring Market Size, Impressive CAGR, and Key Market Drivers
Enterprise Firewall Market Size
What Is The Projected Market Size Of The Global Enterprise Firewall Market And Its Growth Rate?
• The enterprise firewall market will burgeon from $13.15 billion in 2024 to $14.41 billion in 2025 at a CAGR of 9.6%.
• The market is projected to expand to $23.6 billion in 2029 at a CAGR of 13.1%.
• Several factors such as increasing cyber threats, growth in e-commerce, and adoption of internet-connected devices have spurred growth in the historic period.
• Cloud migration trends, high demand for remote work solutions, and stringent data protection regulations amongst others will steer the growth in the forecast period.
What Is Driving The Growth In The Enterprise Firewall Market?
The growth of the enterprise firewall market is primarily driven by the rise in cyberattacks. Cyberattacks aim to damage a computer, computing system, or network by gaining unauthorized access. Implementing enterprise firewalls mitigates the risk of such attacks and safeguards crucial assets and sensitive information, thereby ensuring smooth business operations. A report by the Anti-Phishing Working Group, a US-based organization, revealed a 15% increase in phishing attacks in the first quarter of 2022 from the last quarter of 2021, reaffirming the need for robust enterprise firewall solutions.
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Who Are the Key Players Driving Enterprise Firewall Market Growth?
• Google LLC
• Dell Inc.
• Huawei Technologies Co. Ltd.
• Intel Corporation
• Cisco Systems Inc.
• Broadcom Inc.
• The Hewlett-Packard Co.
• Palo Alto Networks Inc.
• Juniper Networks Inc.
• Fortinet Inc.
• F5 Inc.
• Check Point Software Technologies Ltd.
• Trend Micro Inc.
• Extreme Networks Inc.
• Sangfor Technologies Inc.
• Forcepoint
• SonicWALL Inc.
• Hillstone Networks Co.
• Barracuda Networks Inc.
• Imperva Inc.
• Trustwave Holdings
• AhnLab Co. Ltd.
• WatchGuard Technologies Inc.
• Stormshield
• AlgoSec
What Are The Key Trends In The Enterprise Firewall Market?
• Adoption of artificial intelligence in cybersecurity
• Integration of zero-trust security models
• Emphasis on user-centric security approaches
• Increased focus on threat intelligence sharing
• Development of next-generation firewall solutions
What Are The Segments Of The Global Enterprise Firewall Market?
• By Solution: Hardware, Software, Services
• By Deployment: On-Premise, Cloud
• By Organization Size: Small And Medium Organizations, Large Organizations
• By End-User: Healthcare, Manufacturing, Government, Retail, Education, Financial Services, Media, Communications, Other End-User Industries.
Which Region Leads The Enterprise Firewall Market?
North America led the enterprise firewall market in 2024. The other regions explored in the market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Enterprise Firewall Market Global Market Report?
- Market Size Analysis
- Market Segmentation Analysis
- Key Player Focus
- Growth Trends Analysis
- Market Contribution
- Growth Drivers
- Industry Challenges
- Consolidated Developments
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