Product Code: GVR-4-68040-032-3
Firewall As A Service Market Growth & Trends:
The global firewall as a service market size is anticipated to reach USD 12.27 billion by 2030, registering a CAGR of 22.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. The surge in data breaches in the cloud environment and the proliferation of NGFW are expected to drive demand for the firewall as a service solution and services among industries.
The COVID-19 outbreak had a positive impact on the firewall as a service market. Numerous organizations shifted to online platforms from traditional methods to operate their businesses as a response to the work-from-home situation due to the pandemic. Several factors are pushing the market growth, such as increased cyber-attacks targeting remote workers, demand for a secure and managed workforce, cost-effectiveness, and scalable solutions. Several industry players such as Cisco Systems Inc., Barracuda Networks, Inc., Juniper Networks, Inc., Amazon Web Services, Inc., Cloud flare, Inc., IBM Corporation, Fortinet, Inc., and Palo Alto Networks witnessed a growth in sales of the firewall as a service technology during the pandemic. Thus, such factors are fueling market demand.
Firewall As A Service Market Report Highlights:
- Based on service type, the compliance & audit management segment accounted for the highest revenue share of 21.7% in 2022 and is expected to retain its position during the forecast period. Surging use of the firewall as a service solution owing to its benefits such as minimization of the risk of data breaches and ensuring the confidentiality, integrity, and availability of sensitive information is attributed to the market growth
- Based on the deployment model, the public segment dominated the market with a share of 48.4% in 2022 and is also expected to expand at a CAGR of 21.0% during the forecast period. This can be attributed to the rising adoption of cloud-based firewall services worldwide that focus on providing data security as well as network security. The hybrid segment is expected to expand at the fastest CAGR of 24.8% during the forecast period. This can be attributed to the increasing demand from enterprises to deliver hybrid-based firewall-as-a-service solutions that prevent cyber threats, which can be accessed from anywhere
- In September 2022, Barracuda Networks, Inc., a U.S.-based online security products and services provider, announced the addition of new features to its extended detection and response (XDR) platform, allowing its MSP partners to create security services related to the current business environment. The features upgraded include Barracuda CloudGen Firewall-Barracuda XDR Integration, Security Orchestration, Automation and Response (SOAR) capabilities, and mapping of threat detection rules to the MITRE attack framework to integrate email, cloud, endpoint, server, and network capability into security services
- In terms of enterprise size, the large-size enterprises segment held the dominant market share of 69.5% in 2022. The segment growth is mainly driven by the increasing adoption and awareness of the technology, as large enterprises are leveraging cloud-based platforms to secure networks and data security; boost productivity, increase agility & flexibility; and reduce costs by automating routine tasks. The small and medium-sized enterprises (SMEs) segment is likely to register the highest CAGR of 23.6% during the forecast period
- In terms of vertical, the BFSI segment accounted for the maximum revenue share of 18.2% in 2022. This can be attributed to the increasing adoption of cloud-based firewall service solutions among banks and other financial firms to provide better network security, safeguard crucial data, and prevent cyber fraud activities. The retail segment is likely to register the highest CAGR of 28.6% during the forecast period
- North America held the largest share of 34.4% in 2022 and is expected to expand at a CAGR of 21.8% during the forecast period. This can be attributed to the presence of a large number of cloud firewall market players in the region. The extensive presence of developed technology and technology expert organizations are also aiding the market growth. Asia Pacific is anticipated to expand at the highest CAGR of more than 23.7% during the forecast period
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Firewall as a Service Industry Outlook
- 3.1 Market Lineage Outlook
- 3.1.1 Parent market outlook
- 3.2 Market Size, Penetration, and Growth Prospect Mapping
- 3.3 Regulatory Scenario
- 3.4 COVID-19 Impact on Firewall as a Service Market
- 3.4.1 Market driver analysis
- 3.4.1.1 Surge in data breaches on cloud environment
- 3.4.1.2 Proliferation of NGFW
- 3.4.2 Market challenge analysis
- 3.4.2.1 Adherence to multiple regulatory compliances
- 3.4.3 Market opportunity analysis
- 3.4.3.1 Demand for cloud-based firewalls among SMEs
- 3.5 Firewall as a Service Market- Porter's Five Forces Analysis
- 3.6 Firewall as a Service Market - PEST Analysis
- 3.7 COVID-19 Impact on Firewall as a Service Market
Chapter 4 Firewall as a Service Service Type Outlook
- 4.1 Firewall as a Service Market Share By Service Type, 2022
- 4.2 Traffic Monitoring & Control
- 4.2.1 Firewall as a service traffic monitoring & control market, 2017 - 2030
- 4.3 Compliance & Audit Management
- 4.3.1 Firewall as a service compliance & audit management market, 2017 - 2030
- 4.4 Reporting & Log Management
- 4.4.1 Firewall as a service reporting & log management market, 2017 - 2030
- 4.5 Automation & Orchestration
- 4.5.1 Firewall as a service automation & orchestration market, 2017 - 2030
- 4.6 Security Management
- 4.6.1 Firewall as a service security management market, 2017 - 2030
- 4.7 Managed Services
- 4.7.1 Firewall as a service managed services market, 2017 - 2030
- 4.8 Professional Services
- 4.8.1 Firewall as a service professional services market, 2017 - 2030
- 4.9 Others
- 4.9.1 Firewall as a service others market, 2017 - 2030
Chapter 5 Firewall as a Service Deployment Model Outlook
- 5.1 Firewall as a Service Market Share By Deployment Model, 2022
- 5.2 Public
- 5.2.1 Firewall as a service public market, 2017 - 2030
- 5.3 Private
- 5.3.1 Firewall as a service private market, 2017 - 2030
- 5.4 Hybrid
- 5.4.1 Firewall as a service hybrid market, 2017 - 2030
Chapter 6 Firewall as a Service Enterprise size Outlook
- 6.1 Firewall as a Service Market Share By Enterprise size, 2022
- 6.2 Large Size Enterprises
- 6.2.1 Firewall as a service large size enterprises market, 2017 - 2030
- 6.3 Small and Medium Sized Enterprises (SMEs)
- 6.3.1 Firewall as a service small and medium sized enterprises (SMEs) market, 2017 - 2030
Chapter 7 Firewall as a Service Industry Vertical Outlook
- 7.1 Firewall as a Service Market Share By Industry Vertical, 2022
- 7.1.1 BFSI
- 7.1.2 BFSI firewall as a service market, 2017 - 2030
- 7.2 Retail
- 7.2.1 Retail firewall as a service market, 2017 - 2030
- 7.3 IT & Telecommunication
- 7.3.1 IT & telecommunication firewall as a service market, 2017 - 2030
- 7.4 Healthcare
- 7.4.1 Healthcare firewall as a service market, 2017 - 2030
- 7.5 Energy & Utilities
- 7.5.1 Energy & Utilities firewall as a service market, 2017 - 2030
- 7.6 Manufacturing
- 7.6.1 Manufacturing firewall as a service market, 2017 - 2030
- 7.7 Government
- 7.7.1 Government firewall as a service market, 2017 - 2030
- 7.8 Education
- 7.8.1 Education firewall as a service market, 2017 - 20307.9 Others
- 7.9.1 Others firewall as a service market, 2017 - 2030
Chapter 8 Firewall as a Service Regional Outlook
- 8.1 Firewall as a Service Market Share By Region, 2021
- 8.2 North America
- 8.2.1 North America firewall as a service market, 2017 - 2030
- 8.2.2 North America firewall as a service market, by service type, 2017 - 2030
- 8.2.3 North America firewall as a service market, by deployment model, 2017 - 2030
- 8.2.4 North America firewall as a service market, by enterprise size, 2017 - 2030
- 8.2.5 North America firewall as a service market, by industry vertical, 2017 - 2030
- 8.2.6 U.S.
- 8.2.6.1 U.S. firewall as a service market, 2017 - 2030
- 8.2.6.2 U.S. firewall as a service market, by service type, 2017 - 2030
- 8.2.6.3 U.S. firewall as a service market, by deployment model, 2017 - 2030
- 8.2.6.4 U.S. firewall as a service market, by enterprise size, 2017 - 2030
- 8.2.6.5 U.S. firewall as a service market, by industry vertical, 2017 - 2030
- 8.2.7 Canada
- 8.2.7.1 Canada firewall as a service market, 2017 - 2030
- 8.2.7.2 Canada firewall as a service market, by service type, 2017 - 2030
- 8.2.7.3 Canada firewall as a service market, by deployment model, 2017 - 2030
- 8.2.7.4 Canada firewall as a service market, by enterprise size, 2017 - 2030
- 8.2.7.5 Canada firewall as a service market, by industry vertical, 2017 - 2030
- 8.3 Europe
- 8.3.1 Europe firewall as a service market, 2017 - 2030
- 8.3.2 Europe firewall as a service market, by service type, 2017 - 2030
- 8.3.3 Europe firewall as a service market, by deployment model, 2017 - 2030
- 8.3.4 Europe firewall as a service market, by enterprise size, 2017 - 2030
- 8.3.5 Europe firewall as a service market, by industry vertical, 2017 - 2030
- 8.3.6 U.K.
- 8.3.6.1 U.K. firewall as a service market, 2017 - 2030
- 8.3.6.2 U.K. firewall as a service market, by service type, 2017 - 2030
- 8.3.6.3 U.K. firewall as a service market, by deployment model, 2017 - 2030
- 8.3.6.4 U.K. firewall as a service market, by enterprise size, 2017 - 2030
- 8.3.6.5 U.K. firewall as a service market, by industry vertical, 2017 - 2030
- 8.3.7 Germany
- 8.3.7.1 Germany firewall as a service market, 2017 - 2030
- 8.3.7.2 Germany firewall as a service market, by service type, 2017 - 2030
- 8.3.7.3 Germany firewall as a service market, by deployment model, 2017 - 2030
- 8.3.7.4 Germany firewall as a service market, by enterprise size, 2017 - 2030
- 8.3.7.5 Germany firewall as a service market, by industry vertical, 2017 - 2030
- 8.3.8 France
- 8.3.8.1 France firewall as a service market, 2017 - 2030
- 8.3.8.2 France firewall as a service market, by service type, 2017 - 2030
- 8.3.8.3 France firewall as a service market, by deployment model, 2017 - 2030
- 8.3.8.4 France firewall as a service market, by enterprise size, 2017 - 2030
- 8.3.8.5 France firewall as a service market, by industry vertical, 2017 - 2030
- 8.3.9 Italy
- 8.3.9.1 Italy firewall as a service market, 2017 - 2030
- 8.3.9.2 Italy firewall as a service market, by service type, 2017 - 2030
- 8.3.9.3 Italy firewall as a service market, by deployment model, 2017 - 2030
- 8.3.9.4 Italy firewall as a service market, by enterprise size, 2017 - 2030
- 8.3.9.5 Italy firewall as a service market, by industry vertical, 2017 - 2030
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific firewall as a service market, 2017 - 2030
- 8.4.2 Asia Pacific firewall as a service market, by service type, 2017 - 2030
- 8.4.3 Asia Pacific firewall as a service market, by deployment model, 2017 - 2030
- 8.4.4 Asia Pacific firewall as a service market, by enterprise size, 2017 - 2030
- 8.4.5 Asia Pacific firewall as a service market, by industry vertical, 2017 - 2030
- 8.4.6 China
- 8.4.6.1 China firewall as a service market, 2017 - 2030
- 8.4.6.2 China firewall as a service market, by service type, 2017 - 2030
- 8.4.6.3 China firewall as a service market, by deployment model, 2017 - 2030
- 8.4.6.4 China firewall as a service market, by enterprise size, 2017 - 2030
- 8.4.6.5 China firewall as a service market, by industry vertical, 2017 - 2030
- 8.4.7 India
- 8.4.7.1 India firewall as a service market, 2017 - 2030
- 8.4.7.2 India firewall as a service market, by service type, 2017 - 2030
- 8.4.7.3 India firewall as a service market, by deployment model, 2017 - 2030
- 8.4.8.4 India firewall as a service market, by enterprise size, 2017 - 2030
- 8.4.7.5 India firewall as a service market, by industry vertical, 2017 - 2030
- 8.4.8 Japan
- 8.4.8.1 Japan firewall as a service market, 2017 - 2030
- 8.4.8.2 Japan firewall as a service market, by service type, 2017 - 2030
- 8.4.8.3 Japan firewall as a service market, by deployment model, 2017 - 2030
- 8.4.8.4 Japan firewall as a service market, by enterprise size, 2017 - 2030
- 8.4.8.5 Japan firewall as a service market, by industry vertical, 2017 - 2030
- 8.4.9 Australia
- 8.4.9.1 Australia firewall as a service market, 2017 - 2030
- 8.4.9.2 Australia firewall as a service market, by service type, 2017 - 2030
- 8.4.9.3 Australia firewall as a service market, by deployment model, 2017 - 2030
- 8.4.9.4 Australia firewall as a service market, by enterprise size, 2017 - 2030
- 8.4.9.5 Australia firewall as a service market, by industry vertical, 2017 - 2030
- 8.5 Latin America
- 8.5.1 Latin America firewall as a service market, 2017 - 2030
- 8.5.2 Latin America firewall as a service market, by service type, 2017 - 2030
- 8.5.3 Latin America firewall as a service market, by deployment model, 2017 - 2030
- 8.5.4 Latin America firewall as a service market, by enterprise size, 2017 - 2030
- 8.5.5 Latin America firewall as a service market, by industry vertical, 2017 - 2030
- 8.5.6 Brazil
- 8.5.6.1 Brazil firewall as a service market, 2017 - 2030
- 8.5.6.2 Brazil firewall as a service market, by service type, 2017 - 2030
- 8.5.6.3 Brazil firewall as a service market, by deployment model, 2017 - 2030
- 8.5.6.4 Brazil firewall as a service market, by enterprise size, 2017 - 2030
- 8.5.6.5 Brazil firewall as a service market, by industry vertical, 2017 - 2030
- 8.5.7 Mexico
- 8.5.7.1 Mexico firewall as a service market, 2017 - 2030
- 8.5.7.2 Mexico firewall as a service market, by service type, 2017 - 2030
- 8.5.7.3 Mexico firewall as a service market, by deployment model, 2017 - 2030
- 8.5.7.4 Mexico firewall as a service market, by enterprise size, 2017 - 2030
- 8.5.7.5 Mexico firewall as a service market, by industry vertical, 2017 - 2030
- 8.5.8 Chile
- 8.5.8.1 Chile firewall as a service market, 2017 - 2030
- 8.5.8.2 Chile firewall as a service market, by service type, 2017 - 2030
- 8.5.8.3 Chile firewall as a service market, by deployment model, 2017 - 2030
- 8.5.8.4 Chile firewall as a service market, by enterprise size, 2017 - 2030
- 8.5.8.5 Chile firewall as a service market, by industry vertical, 2017 - 2030
- 8.5.9 Argentina
- 8.5.9.1 Argentina firewall as a service market, 2017 - 2030
- 8.5.9.2 Argentina firewall as a service market, by service type, 2017 - 2030
- 8.5.9.3 Argentina firewall as a service market, by deployment model, 2017 - 2030
- 8.5.9.4 Argentina firewall as a service market, by enterprise size, 2017 - 2030
- 8.5.9.5 Argentina firewall as a service market, by industry vertical, 2017 - 2030
- 8.6 MEA
- 8.6.1 MEA firewall as a service market, 2017 - 2030
- 8.6.2 MEA firewall as a service market, by service type, 2017 - 2030
- 8.6.3 MEA firewall as a service market, by deployment model, 2017 - 2030
- 8.6.4 MEA firewall as a service market, by enterprise size, 2017 - 2030
- 8.6.5 MEA firewall as a service market, by industry vertical, 2017 - 2030
- 8.6.6 UAE
- 8.6.6.1 UAE firewall as a service market, 2017 - 2030
- 8.6.6.2 UAE firewall as a service market, by service type, 2017 - 2030
- 8.6.6.3 UAE firewall as a service market, by deployment model, 2017 - 2030
- 8.6.6.4 UAE firewall as a service market, by enterprise size, 2017 - 2030
- 8.6.6.5 UAE firewall as a service market, by industry vertical, 2017 - 2030
- 8.6.7 Saudi Arabia
- 8.6.7.1 Saudi Arabia firewall as a service market, 2017 - 2030
- 8.6.7.2 Saudi Arabia firewall as a service market, by service type, 2017 - 2030
- 8.6.7.3 Saudi Arabia firewall as a service market, by deployment model, 2017 - 2030
- 8.6.7.4 Saudi Arabia firewall as a service market, by enterprise size, 2017 - 2030
- 8.6.7.5 Saudi Arabia firewall as a service market, by industry vertical, 2017 - 2030
- 8.6.8 South Africa
- 8.6.8.1 South Africa firewall as a service market, 2017 - 2030
- 8.6.8.2 South Africa firewall as a service market, by service type, 2017 - 2030
- 8.6.8.3 South Africa firewall as a service market, by deployment model, 2017 - 2030
- 8.6.8.4 South Africa firewall as a service market, by enterprise size, 2017 - 2030
- 8.6.8.5 South Africa firewall as a service market, by industry vertical, 2017 - 2030
Chapter 9 Competitive Analysis
- 9.1 Recent Developments & Impact Analysis, By Key Market Participants
- 9.2 Vendor Landscape
- 9.2.1 Company market share analysis, 2022
- 9.2.2 Vendor landscape
- 9.3 List of Players
- 9.4 Company Analysis Tools
- 9.4.1 Competitive dashboard analysis
Chapter 10 Competitive Landscape
- 10.1 Cisco Systems Inc.
- 10.1.1 Company overview
- 10.1.2 Financial performance
- 10.1.3 Product benchmarking
- 10.1.4 Strategic initiatives
- 10.2 Barracuda Networks, Inc.
- 10.2.1 Company overview
- 10.2.2 Product benchmarking
- 10.2.3 Strategic initiatives
- 10.3 Check Point Software Technologies Ltd.
- 10.3.1 Company overview
- 10.3.2 Financial performance
- 10.3.3 Product benchmarking
- 10.3.4 Strategic initiatives
- 10.4 Juniper Networks, Inc.
- 10.4.1 Company overview
- 10.4.2 Financial performance
- 10.4.3 Product benchmarking
- 10.4.4 Strategic initiatives
- 10.5 Cato Networks Ltd.
- 10.5.1 Company overview
- 10.5.2 Product benchmarking
- 10.5.3 Strategic initiatives
- 10.6 Palo Alto Networks
- 10.6.1 Company overview
- 10.6.2 Financial performance
- 10.6.3 Product benchmarking
- 10.6.4 Strategic initiatives
- 10.7 Fortinet, Inc.
- 10.7.1 Company overview
- 10.7.2 Financial performance
- 10.7.3 Product benchmarking
- 10.7.4 Strategic initiatives
- 10.8 Forcepoint
- 10.8.1 Company overview
- 10.8.2 Product benchmarking
- 10.8.3 Strategic initiatives
- 10.9 Sophos Ltd.
- 10.9.1 Company overview
- 10.9.2 Product benchmarking
- 10.9.3 Strategic initiatives
- 10.10 Zscaler, Inc.
- 10.10.1 Company overview
- 10.10.2 Financial performance
- 10.10.3 Product benchmarking
- 10.10.4 Strategic initiatives
- 10.11 WatchGuard Technologies, Inc.
- 10.11.1 Company overview
- 10.11.2 Product benchmarking
- 10.11.3 Strategic initiatives
- 10.12 SonicWall
- 10.12.1 Company overview
- 10.12.2 Product benchmarking
- 10.12.3 Strategic initiatives
Chapter 11 KoL Commentary
- 11.1 KoL Commentary, 2022