The US market dominated the North America Enterprise Firewall Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $4.85 billion by 2031. The Canada market is experiencing a CAGR of 9.2% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 8.4% during 2024-2031.
An enterprise firewall is a network security system that protects large organizations (enterprises) from unauthorized access, cyberattacks, and data breaches. It functions as a security barrier between an internal corporate network and external networks (such as the Internet), regulating and monitoring incoming and outgoing network traffic in accordance with predetermined security protocols.
The growing prevalence of cyberattacks has made deploying robust firewall solutions an essential investment for enterprises across industries. Cybercriminals are leveraging artificial intelligence (AI) and machine learning (ML) to launch targeted attacks that can evade traditional security defenses. As a result, enterprises can no longer rely solely on basic firewalls that focus on perimeter security.
The North American market is one of the largest and most mature globally, driven by increasing cyber threats, stringent regulatory frameworks, and rapid digital transformation across industries. As businesses and government agencies in the region embrace cloud computing, remote work, IoT adoption, and 5G deployment, their attack surfaces have expanded, making robust network security an operational necessity rather than an option. In the United States, the finance and insurance sector accounted for 7.3 percent of the U.S. gross domestic product (GDP) in 2023, underscoring the critical role of cybersecurity in protecting financial institutions from cyber threats. Since attacks are increasingly focused on sensitive financial data, digital transactions, and consumer information, the financial industry remains a top target for cybercriminals. As a result, the demand for these firewall solutions has surged as businesses seek to fortify their network defenses against unauthorized access, data breaches, and cyber fraud. As cyber threats evolve, organizations across North America increasingly invest in scalable and AI-driven firewall solutions to ensure robust cybersecurity frameworks and maintain consumer trust in an increasingly digital economy. Thus, as digital transformation accelerates, North America's demand for scalable, flexible, intelligent firewall systems will rise further.
List of Key Companies Profiled
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Arista Networks, Inc.
- Hillstone Networks
- SonicWall, Inc.
- Fortinet, Inc.
- Forcepoint LLC (Francisco Partners)
- Trend Micro, Inc.
- McAfee Corp.
- Sophos Group PLC (Thoma Bravo)
- Palo Alto Networks, Inc.
Market Report Segmentation
By Deployment Mode
- On-premise
- Cloud
By Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises
By Component
- Hardware
- Software
- Services
By Application
- BFSI
- IT & Telecom
- Healthcare
- Retail & E-Commerce
- Government
- Other Application
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Companies Mentioned
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Arista Networks, Inc.
- Hillstone Networks
- SonicWall, Inc.
- Fortinet, Inc.
- Forcepoint LLC (Francisco Partners)
- Trend Micro, Inc.
- McAfee Corp.
- Sophos Group PLC (Thoma Bravo)
- Palo Alto Networks, Inc.
Methodology
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