Market Highlights
The worldwide firewall as an assistance market size will contact USD 1.98 billion at a heavenly 23.01% CAGR during the conjecture time frame 2020-2027, states the most recent Market Research Future (MRFR) investigation. Firewall as a help (FWaaS) is a cloud firewall which conveys progressed layer 7/cutting edge firewall abilities, that incorporates access controls like DNS security, interruption anticipation frameworks (IPS), progressed danger avoidance, and URL sifting.
Different variables are fuelling the worldwide firewall as an assistance market development. According to the new MRFR market gauges, such factors incorporate expanding need for getting the association network against phenomenal and unapproved violations, improved on establishment of the firewall for dispersed organizations, expanding need for bracing the undertaking network against remarkable and unapproved strikes, worked on establishment and brought together arrangement the board for conveyed venture organizations, end of the forthright speculation cost, developing reception of advances by associations like BYOD, distributed computing, and activation, expansion in cybercrimes, expanding use during COVID-19 pandemic, and ongoing functionalities and cost-viability.
In actuality, absence of specialized ability for dealing with the high level firewall system, absence of hearty organization framework and absence of administration, absence of worry towards security, and infiltration bound to enormous ventures might restrict the worldwide firewall as an assistance market development over the estimate time frame.
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Segmentation:
The MRFR report throws light on an inclusive segmental analysis of the global firewall as a service market based on solution, services model, deployment model, organization size, and verticals.
By solution, the global firewall as a service market is segmented into managed services, identity management, network security, next-generation firewall, traffic control and monitoring, advanced threat protection, and others.
By services model, the global firewall as a service market is segmented into platform as a service (PaaS), infrastructure as a service (IaaS), and software as a service (SaaS). Of these, the SaaS segment will lead the market over the forecast period.
By deployment model, the global firewall as a service market is segmented into hybrid, private, and public. Of these, the public segment will dominate the market over the forecast period.
By organization size, the global firewall as a service market is segmented into large enterprise and small and medium sized enterprise. Of these, the small and medium sized enterprise segment will spearhead the market over the forecast period.
By verticals, the global firewall as a service market is segmented into IT and telecom, retail, manufacturing, healthcare, government, energy and utilities, education, BFSI, and others. Of these, the retail segment will have the lions share in the market over the forecast period.
Regional Analysis
By region, the global firewall as a service market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, North America will rule the market over the forecast period. Early adoption of cloud services, digital transformation, increased cloud initiatives by various governments, increasing investment in cyber-security companies by corporate investors, increasing initiatives by the government to improve the security of customer information, increasing need to prevent cyber-attacks, and the presence of key sustainable and well-established organizations that invest in research and development activities. Besides, the increasing number of internal threats, high penetration of internet in the US, rise in data thefts, and increase in cyber-crimes are also adding market growth.
In the APAC region, the global firewall as a service market is predicted to have admirable growth over the forecast period. Technological advancements, better security compliance offered by vendors, increasing need to prevent cybercrimes, rapid digitalization, the presence of SMEs and large enterprises, rising adoption of cloud services, rising investment in cloud infrastructure, increased information and communications technology spending in government infrastructure, FWaaS initiatives, and the need to prevent unauthorized access to networks are adding to the global firewall as a service market growth in the region.
In Europe, the global firewall as a service market is predicted to have admirable growth over the forecast period. Growing data thefts and cyber-crimes across several organizations, governments are trying to come up with strict regulations about customer privacy, and high internet penetration, are adding to the global firewall as a service market growth in the region.
Key Players
The leading players profiled in the global firewall as a service market report include Hillstone Network(US), H3C(China), Sangfor Technologies(China), Sophos (UK), Palo Alto Networks (US), Zscaler (US), WatchGuard (US), Juniper Networks (US), Forcepoint (US), Fortinet (US), Cisco Systems (US), Cato Networks (Israel), Check Point Software Technologies (Israel), and Barracuda Networks (US), among others.
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Firewall as a Service Market, By Solution (Advanced Threat Protection, Next Generation Firewall, Traffic Control & Monitoring, Managed Services), by Service Model, Deployment Model, Organizational size, Verticals, and by Region- Forecast till 2027
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