The Business Research Company’s report on the Firewall-As-A-Service 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 firewall-as-a-service market’s growth in recent years?
The increase in the number of fraud cases and cyber-attacks is expected to propel the growth of the firewall as a service market going forward. A cyberattack is a malicious and deliberate attempt by an individual or organization to breach the information system of another individual or organization. Cybercrime has increased every year as people try to benefit from vulnerable business systems. The visibility and traffic filtering that a firewall provides enables an organization to identify and block a large percentage of malicious traffic before it enters the network perimeter and can provide defense in depth. For instance, according to a statistical report published by Packetlabs, a Canadian-based penetration testing company, in 2021 cybercrime costs the world $6 trillion and by 2025 this figure would climb to $10.5 trillion. Therefore, an increase in the number of fraud cases and cyber-attacks will drive the firewall-as-a-service market.
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How does the future projection of the firewall-as-a-service market size compare to its historical growth?
The firewall-as-a-service market size has grown exponentially in recent years. It will grow from $3.37 billion in 2024 to $4.13 billion in 2025 at a compound annual growth rate (CAGR) of 22.6%. The growth in the historic period can be attributed to increase in cybersecurity threats, growth in remote work and cloud adoption, emphasis on network security and access control, adoption of bring your own device (BYOD) policies, rise of software-defined networking (SDN).
The firewall-as-a-service market size is expected to see exponential growth in the next few years. It will grow to $11.41 billion in 2029 at a compound annual growth rate (CAGR) of 28.9%. The growth in the forecast period can be attributed to increased adoption of zero trust security models, growth in internet of things (iot) security, emphasis on cloud-native security solutions, expansion of firewall-as-a-service for 5g networks, rise of cloud-native firewalls. Major trends in the forecast period include integration of artificial intelligence in firewall-as-a-service, micro-segmentation for enhanced network security, integration with cloud security posture management (CSPM), emphasis on threat intelligence and threat hunting, adoption of secure access service edge (SaSE) principles in firewall-as-a-service.
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Which key players are shaping the future of the firewall-as-a-service market?
Major companies operating in the firewall-as-a-service market include Barracuda Networks Inc., Cisco Systems Inc., Juniper Networks Inc., Cato Networks, Forcepoint, Fortinet Inc., Check Point Software Technologies Inc., Palo Alto Networks Inc., WatchGuard Technologies Inc, Microsoft Corporation, SonicWall, Sophos group PLC., Zscaler Inc., Akamai Technologies Inc., Armor Defense Inc., AT&T Inc., Lumen Technologies Inc., Cloudflare Inc., Comodo Security Solutions Inc., Cyxtera Technologies, F5 Inc., Google LLC., The International Business Machines Corporation., Netskope Inc., Okta Inc., Oracle corporation., Proofpoint Inc., Qualys Inc., Secureworks Inc., Broadcom Inc., Trend Micro Inc., Vmware Inc.
What trends will propel the growth and evolution of the firewall-as-a-service market?
Advancements in cloud-based firewall services have emerged as a key trend gaining popularity in the firewall as a service market. A cloud firewall protects cloud infrastructure from attacks, just as a traditional firewall protects on-premises networks. Major companies operating in the firewall as a service market are focused on developing new technological solutions to strengthen their position. For instance, in March 2022, Palo Alto, a US-based cybersecurity company launches a cloud-native firewall service for AWS (Amazon Web Services). It would be a managed Next-Generation Firewall (NGFW) service designed to simplify securing AWS deployments, enabling organizations to speed their pace of innovation while remaining highly secured.
Which regions are expected to become dominant players in the firewall-as-a-service market?
North America was the largest region in the firewall as a service market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the firewall-as-a-service 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 firewall-as-a-service market, and how are they evolving?
The firewall-as-a-service market covered in this report is segmented –
1) By Service Type: Traffic Monitoring And Control, Compliance And Audit Management, Reporting And Log Management, Automation And Orchestration, Security Management
2) By Deployment: Private, Hybrid
3) By Enterprise Size: Large Enterprise, Small And Medium Enterprises
4) By Vertical: Banking, Financial Services And Insurance, IT And Telecom, Manufacturing, Travel And Hospitality, Healthcare, Energy And Utilities, Retail And Consumer goods, Other Verticals
Subsegments:
1) By Traffic Monitoring And Control: Real-Time Traffic Analysis, Traffic Filtering, Intrusion Detection And Prevention
2) By Compliance and Audit Management: Policy Compliance Monitoring, Regulatory Compliance Reporting, Audit Trail Management
3) By Reporting And Log Management: Log Collection And Storage, Log Analysis And Correlation, Custom Reporting
4) By Automation And Orchestration: Automated Threat Response, Workflow Automation, Integration With Other Security Tools
5) By Security Management: Firewall Configuration Management, Vulnerability Management, Threat Intelligence Integration
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What defines the structure and scope of the firewall-as-a-service market?
Firewall as a service (FWaaS) is a firewall solution delivered as a cloud-based service that allows companies to simplify IT infrastructure. Firewall as a Service filters network traffic to safeguard organizations from both inside and outside threats.
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