Firewall-As-A-Service Market Report 2024 : Segmentation, Regional Overview, Global Trends And Industry Analysis Till 2033 | Barracuda Networks Inc., Cisco Systems Inc., Juniper Networks Inc., Cato Networks, Forcepoint.

Overview and Scope
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.

Sizing and Forecast
The firewall-as-a-service market size has grown exponentially in recent years. It will grow from $2.79 billion in 2024 to $3.44 billion in 2024 at a compound annual growth rate (CAGR) of 23.3%.  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 $8.74 billion in 2028 at a compound annual growth rate (CAGR) of 26.3%.  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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Segmentation & Regional Insights
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

Top 5 Major Players:

• Barracuda Networks Inc
• Cisco Systems Inc
• Juniper Networks Inc
• Cato Networks
• Forcepoint

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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Major Driver Impacting Market Growth
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 enable 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 an article published by Forbes, a US-based business magazine, the average number of cyberattacks and data breaches worldwide increased by 15.1% in 2020. Furthermore, 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.

Key Industry Players
Major companies operating in the firewall-as-a-service market report are 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.

The firewall-as-a-service market report table of contents includes:
1. Executive Summary
2. Firewall-As-A-Service Market Characteristics
3. Firewall-As-A-Service Market Trends And Strategies
4. Firewall-As-A-Service Market – Macro Economic Scenario
5. Global Firewall-As-A-Service Market Size and Growth

…..

31. Global Firewall-As-A-Service Market Competitive Benchmarking
32. Global Firewall-As-A-Service Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Firewall-As-A-Service Market
34. Firewall-As-A-Service Market Future Outlook and Potential Analysis
35. Appendix

List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Firewall-As-A-Service Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Firewall-As-A-Service Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Firewall-As-A-Service Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

….

Table 75: Barracuda Networks Inc. Financial Performance
Table 76: Cisco Systems Inc. Financial Performance
Table 77: Juniper Networks Inc. Financial Performance
Table 78: Cato Networks Financial Performance
Table 79: Forcepoint Financial Performance

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