The Business Research Company’s report on the Enterprise Firewall Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the enterprise firewall market’s growth in recent years?
The rise in cyberattacks is expected to propel the growth of the enterprise firewall market going forward. A cyberattack is any attempt to harm a computer, computing system, or network by getting access to it. Implementing enterprise firewalls in various enterprises provides a robust defense mechanism that significantly reduces the risk of cyber-attacks, safeguarding critical assets and sensitive information while ensuring uninterrupted business operations. For instance, in June 2022, according to the Anti-Phishing Working Group, a US-based organization, in the first quarter of 2022, the group recorded a total of 1,025,968 phishing attacks, a 15% rise from the 888,585 attacks in the fourth quarter of 2021. Therefore, the rise in cyberattacks drives the growth of the enterprise firewall market.
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How does the future projection of the enterprise firewall market size compare to its historical growth?
The enterprise firewall market size has grown strongly in recent years. It will grow from $13.15 billion in 2024 to $14.41 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to increasing cyber threats, rising adoption of internet-connected devices, growth in e-commerce activities, expanding enterprise networks, and regulatory compliance requirements
The enterprise firewall market size is expected to see rapid growth in the next few years. It will grow to $23.6 billion in 2029 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to cloud migration trends, rising demand for remote work solutions, increasing use of Internet of Things (IoT) devices, stringent data protection regulations, and growing emphasis on network security. Major trends in the forecast period include the adoption of artificial intelligence in cybersecurity, integration of zero-trust security models, emphasis on user-centric security approaches, increased focus on threat intelligence sharing, and development of next-generation firewall solutions.
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Which key players are shaping the future of the enterprise firewall market?
Major companies operating in the enterprise firewall market include Google LLC, Dell Inc., Huawei Technologies Co. Ltd., Intel Corporation, Cisco Systems Inc., Broadcom Inc., The Hewlett-Packard Co., Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., F5 Inc., Check Point Software Technologies Ltd., Trend Micro Inc., Extreme Networks Inc., Sangfor Technologies Inc., Forcepoint, SonicWALL Inc., Hillstone Networks Co., Barracuda Networks Inc., Imperva Inc., Trustwave Holdings, AhnLab Co. Ltd., WatchGuard Technologies Inc., Stormshield, AlgoSec
What trends will propel the growth and evolution of the enterprise firewall market?
Technological advancements are a key trend gaining popularity in the enterprise firewall market. Major companies operating in the enterprise firewall market are introducing cloud-based firewalls to sustain their position in the market. For instance, in February 2022, Juniper Networks Inc., a US-based developer and marketer of networking products, introduced Juniper Secure Edge, a cloud-delivered security solution. With the help of this new solution, enterprises could secure their workforces wherever they are by delivering Firewall-as-a-Service (FWaaS) as a single-stack software architecture. It provides unified policy management from a single UI for all security use cases with dynamic zero-trust segmentation, investment protection, and validated security effectiveness.
Which regions are expected to become dominant players in the enterprise firewall market?
North America was the largest region in the enterprise firewall market in 2024. The regions covered in the enterprise firewall market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the emerging key segments in the enterprise firewall market, and how are they evolving?
The enterprise firewall market covered in this report is segmented –
1) By Solution: Hardware, Software, Services
2) By Deployment: On-Premise, Cloud
3) By Organization Size: Small And Medium Organizations, Large Organizations
4) By End-User: Healthcare, Manufacturing, Government, Retail, Education, Financial Services, Media, Communications, Other End-User Industries
Subsegments:
1) By Hardware: Next-Generation Firewalls (NGFW), Unified Threat Management (UTM) Appliances, Network Firewalls, Virtual Firewalls
2) By Software: Firewall Software Solutions, Cloud-Based Firewall Software, Endpoint Firewall Software
3) By Services: Managed Firewall Services, Firewall Configuration and Maintenance, Consulting and Assessment Services, Incident Response Services
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What defines the structure and scope of the enterprise firewall market?
An enterprise firewall is a specialized network security device or software solution designed to control and monitor an organization’s incoming and outgoing network traffic. It acts as a barrier between a trusted internal network and untrusted external networks, such as the Internet, to prevent unauthorized access, data breaches, and cyberattacks.
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