Firewall as a Service Market forecast
Firewall as a Service Market Overview, Growth Forecast, Demand and Development Research Report to 2024
MarketStudyReport.com Adds New Global Firewall as a Service Market 2017 – 2024 research report providing information and data By Product, By Application, By Service Model, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 250 Pages with table and figures in it.
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.
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.
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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.
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.
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
Chapter 2. Executive Summary
Chapter 3. FWaaS Industry Insights
Chapter 4. FWaaS Market, By Product
Chapter 5. FWaaS Market, By Application
Chapter 6. FWaaS Market, By Service Model
Chapter 7. FWaaS Market, By Delivery Model
Chapter 8. FWaaS Market, By Region
Chapter 9. Company Profiles
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Global Web Application Firewall Solution Market Size, Status and Forecast 2025
This report studies the global Web Application Firewall Solution market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Web Application Firewall Solution market by companies, region, type and end-use industry.
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