Market Research Future (MRFR) has published a cooked research report on the “Global Firewall as a Service Market” that contains information from 2022 to 2030 The Firewall as a Service Market is estimated to register a CAGR of 24.35% during the forecast period of 2022 to 2030.
MRFR recognizes the following companies as the key players in the global Firewall as a Service Market— Barracuda Networks, Check Point Software Technologies, Cato Networks, Cisco Systems, Fortinet, Forcepoint, Juniper Networks, WatchGuard, Zscaler and Palo Alto Networks.
The global Firewall as a Service Market is accounted to register a CAGR of 24.35% during the forecast period and is estimated to reach USD 4.16 Billion by 2030.
The Firewall as a Service (FWaaS) market refers to the segment of the cybersecurity industry that offers firewall services on a subscription or cloud-based model. FWaaS provides organizations with the ability to deploy, manage, and maintain firewall infrastructure without the need for on-premises hardware or software.
The Firewall as a Service market has gained traction in recent years due to several factors, including the growing adoption of cloud computing, the increasing complexity and volume of cyber threats, and the need for organizations to enhance their security posture while reducing operational costs.
The global Firewall as a Service Market has been segmented based on service and end user.
On the basis of service, the market is segmented into Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service. IaaS providers deliver the underlying infrastructure that hosts FWaaS solutions, including the hardware, virtualization technology, and networking components.
Based on end user, the market has been segmented into Banking Financial Services and Insurance (BFSI), Education and energy and utility. The FWaaS market caters to a wide range of industries, with BFSI and healthcare being particularly sensitive sectors due to the high-value data they handle.
The global Firewall as a Service Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Firewall as a Service Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Firewall as a Service Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Firewall as a Service Market comprises of Middle East, Africa, and Latin America.
North America has been a leading region in terms of FWaaS adoption. The presence of established cloud service providers and managed security service providers, along with a strong focus on cybersecurity, has contributed to the growth of the FWaaS market in this region.
Europe is another significant market for FWaaS. The region has stringent data protection regulations, such as the General Data Protection Regulation (GDPR), which has prompted organizations to invest in robust cybersecurity solutions.
The Asia Pacific region has been experiencing rapid growth in the FWaaS market. Factors such as the expanding cloud infrastructure, increasing internet penetration, and rising cyber threats have driven the demand for FWaaS solutions in countries like China, Japan, India, and Australia.
Furthermore, the rest of the world's Firewall as a Service Market is divided into the Middle East, Africa, and Latin America. Latin America: Latin America is an emerging market for FWaaS. The region's growing digital transformation initiatives, rising cybercrime rates, and the need for compliance with data protection regulations have contributed to the demand for FWaaS solutions.
Key Findings of the Study