The Firewall as a Service market is estimated at US$7.825 billion for the year 2019 growing at a CAGR of 9.87% to reach the market size of US$13.767 billion by 2025
The market growth is majorly attributed to the rising cases and the severity of the cyber-attacks across the world. This is further leading to the rising investments by companies for protecting their network infrastructure which is augmenting the demand for these services. Furthermore, high initial set up costs coupled with much higher for the maintenance of that infrastructure is another factor which is further propelling the adoption of a firewall as a service, thus positively impacting the market growth. In addition, the facilities such as easy up-gradation and alterations to the firewall protocols which are offered by the service providers is also increasing the adoption among the numerous end-users, thereby adding up to the market growth significantly.
A firewall is used as a barrier for the prevention of unauthorized access to a company’s network. A firewall system proactively monitors all the outgoing as well as incoming data traffic along with enforcing and applying the security policies of the organization. Furthermore, better recovery of disaster offered on the utilization of firewall as a service along with the migration to cloud-based platforms and a significant increase in the use of mobile devices is leading to a lack of clear perimeters in the network where the requirement for safeguarding the users and applications is a major concern. As the security threats are increasing, there is a rising risk of disasters that can lead high costs in regards to the reputation and resources of an organization.
The adoption of firewall as a service can help the organization to mitigate or minimize the level of disasters as the service provider’s IT experts work on proactive bases for the detection of new threats, which is one of the key factors for driving its adoption in numerous companies across different industry verticals. The adoption of the firewall as a service also reduces the cost burden as no training and IT staffing is required by the company. All the operations are performed by the professionals possessing the required skills working under the service providing company only. Furthermore, consultations are also provided by these teams to the companies and also helps to frame the security policies and regulations.
The rapid growth in the cloud-based applications coupled with the growing risk of a data breach, especially on the public cloud platforms is also a key factor that is positively impacting the adoption of the firewall as a service. In addition, the continuously changing firewall protocols for the companies is also projected to propel the market growth of the firewall as a service. The growing traffic of data over the cloud networks is also leading to the rising adoption of various security solutions by the numerous organizations across the industries majorly due to the rising concerns for the protection of the crucial data on their respective cloud networks is also adding up to the market growth.
Software as a Service anticipated to show robust growth throughout the forecast period
On the basis of the service model, the global firewall as a service market is classified into Infrastructure as a Service, Platform as a Service, and Software as a Service. The Software as a Service (SaaS) segment is expected to show a notable growth throughout the forecast period on account of the rising adoption of SaaS applications by the companies in the various industries. Further, the adoption of software as a service helps in the reduction of operational costs to be incurred by the organizations as there is very less requirement of the training and development of technical staff. The market for Infrastructure as a Service (Iaas) is anticipated to hold a decent share in the market due to numerous benefits on the utilization of these services. The growing trend of virtual data centers in the cloud is also considered as a key factor to positively impact the market growth.
Public deployment to hold a decent market share
On the basis of the deployment model, the global firewall as a service market is segmented into public, private, and cloud. The public deployment of firewall services is anticipated to hold a good share in the global market owing to the fact that there is the high adoption rate of firewall as a service across the SMEs due to the rising budgets of SMEs to invest in data security coupled with the growing amount of data in these organizations. Public deployment is a multi-tenant environment where the computing space can be shared between several clients. Furthermore, the increasing competitiveness of SMEs is also considered as one of the key factors which is propelling the adoption of public cloud due to as it offers high-cost efficiency to the organizations with low risk-bearing capabilities.
Communication and Technology to grow substantially
On the basis of the end-user industry, the firewall as a service market is segmented into BFSI, communication and technology, media and entertainment, retail, government, and others. The communication and technology segment is expected to show good growth opportunities on account of the rising trend of digitization and the growing adoption of cloud-based storage services along with the generation of a large amount of data which is positively impacting the demand for these services in this sector. The retail segment is also projected to show decent growth over the forecast period to rising competition among the retailers coupled with the growing concerns over data security. As the retail sector is growing across the globe due to rising disposable income and a growing middle-class population.
Competitive Insights
Prominent key market players in the social media analytics market include Cisco Systems Inc., IBM Corporation and Palo Alto Networks among others. These companies hold a noteworthy share in the market on account of their good brand image and product offering. Major players in the social media analytics market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.
Segmentation
By Service Model
By Deployment Model
By Enterprise Size
By End-User Industry
By Geography
North America
South America
Europe
Middle East and Africa
Asia Pacific
The market growth is majorly attributed to the rising cases and the severity of the cyber-attacks across the world. This is further leading to the rising investments by companies for protecting their network infrastructure which is augmenting the demand for these services. Furthermore, high initial set up costs coupled with much higher for the maintenance of that infrastructure is another factor which is further propelling the adoption of a firewall as a service, thus positively impacting the market growth. In addition, the facilities such as easy up-gradation and alterations to the firewall protocols which are offered by the service providers is also increasing the adoption among the numerous end-users, thereby adding up to the market growth significantly.
A firewall is used as a barrier for the prevention of unauthorized access to a company’s network. A firewall system proactively monitors all the outgoing as well as incoming data traffic along with enforcing and applying the security policies of the organization. Furthermore, better recovery of disaster offered on the utilization of firewall as a service along with the migration to cloud-based platforms and a significant increase in the use of mobile devices is leading to a lack of clear perimeters in the network where the requirement for safeguarding the users and applications is a major concern. As the security threats are increasing, there is a rising risk of disasters that can lead high costs in regards to the reputation and resources of an organization.
The adoption of firewall as a service can help the organization to mitigate or minimize the level of disasters as the service provider’s IT experts work on proactive bases for the detection of new threats, which is one of the key factors for driving its adoption in numerous companies across different industry verticals. The adoption of the firewall as a service also reduces the cost burden as no training and IT staffing is required by the company. All the operations are performed by the professionals possessing the required skills working under the service providing company only. Furthermore, consultations are also provided by these teams to the companies and also helps to frame the security policies and regulations.
The rapid growth in the cloud-based applications coupled with the growing risk of a data breach, especially on the public cloud platforms is also a key factor that is positively impacting the adoption of the firewall as a service. In addition, the continuously changing firewall protocols for the companies is also projected to propel the market growth of the firewall as a service. The growing traffic of data over the cloud networks is also leading to the rising adoption of various security solutions by the numerous organizations across the industries majorly due to the rising concerns for the protection of the crucial data on their respective cloud networks is also adding up to the market growth.
Software as a Service anticipated to show robust growth throughout the forecast period
On the basis of the service model, the global firewall as a service market is classified into Infrastructure as a Service, Platform as a Service, and Software as a Service. The Software as a Service (SaaS) segment is expected to show a notable growth throughout the forecast period on account of the rising adoption of SaaS applications by the companies in the various industries. Further, the adoption of software as a service helps in the reduction of operational costs to be incurred by the organizations as there is very less requirement of the training and development of technical staff. The market for Infrastructure as a Service (Iaas) is anticipated to hold a decent share in the market due to numerous benefits on the utilization of these services. The growing trend of virtual data centers in the cloud is also considered as a key factor to positively impact the market growth.
Public deployment to hold a decent market share
On the basis of the deployment model, the global firewall as a service market is segmented into public, private, and cloud. The public deployment of firewall services is anticipated to hold a good share in the global market owing to the fact that there is the high adoption rate of firewall as a service across the SMEs due to the rising budgets of SMEs to invest in data security coupled with the growing amount of data in these organizations. Public deployment is a multi-tenant environment where the computing space can be shared between several clients. Furthermore, the increasing competitiveness of SMEs is also considered as one of the key factors which is propelling the adoption of public cloud due to as it offers high-cost efficiency to the organizations with low risk-bearing capabilities.
Communication and Technology to grow substantially
On the basis of the end-user industry, the firewall as a service market is segmented into BFSI, communication and technology, media and entertainment, retail, government, and others. The communication and technology segment is expected to show good growth opportunities on account of the rising trend of digitization and the growing adoption of cloud-based storage services along with the generation of a large amount of data which is positively impacting the demand for these services in this sector. The retail segment is also projected to show decent growth over the forecast period to rising competition among the retailers coupled with the growing concerns over data security. As the retail sector is growing across the globe due to rising disposable income and a growing middle-class population.
Competitive Insights
Prominent key market players in the social media analytics market include Cisco Systems Inc., IBM Corporation and Palo Alto Networks among others. These companies hold a noteworthy share in the market on account of their good brand image and product offering. Major players in the social media analytics market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.
Segmentation
By Service Model
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
By Deployment Model
- Public
- Private
- Hybrid
By Enterprise Size
- Small
- Medium
- Large
By End-User Industry
- BFSI
- Communication and Technology
- Media and Entertainment
- Retail
- Government
- Others
By Geography
North America
- USA
- Canada
- Mexico
South America
- Brazil
- Argentina
- Others
Europe
- Germany
- France
- United Kingdom
- Spain
- Others
Middle East and Africa
- Saudi Arabia
- Israel
- Others
Asia Pacific
- China
- Japan
- South Korea
- India
- Others
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Firewall as a Service Market Analysis, By Service Model
6. Firewall as a Service Market Analysis, By Deployment Model
7. Firewall as a Service Market Analysis, By Enterprise Size
8. Firewall as a Service Market Analysis, By End-User Industry
9. Firewall as a Service Market Analysis, By Geography
10. Competitive Environment and Analysis
11. Company Profiles
Companies Mentioned
- Cato Networks
- Cisco Systems, Inc.
- Palo Alto Networks, Inc.
- CTI Global
- Juniper Networks, Inc.
- IBM Corporation
- FireEye, Inc.
- IXCG Limited
- Zscaler, Inc.
Methodology
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