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Firewall as a service market to hit 24.9% CAGR till 2022

IT Market Research

The Firewall as a Service (FWaaS) market size is expected to grow from USD 0.56 Billion in 2017 to USD 1.70 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 24.9% during the forecast period.

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The major drivers of this market include the increasing need to fortify the enterprise network against unauthorized and unprecedented strikes, centralized policy management and simplified installation for distributed enterprise networks, and elimination of the upfront investment cost.

Firewall as a Service Market By Service Type

  • Traffic monitoring and control
  • Compliance and audit management
  • Reporting and log management
  • Automation and orchestration
  • Security management
  • Managed services
  • Professional services

Firewall as a Service Market By Service Model

  • Infrastructure-as-a-Service (IaaS)
  • Platform-as-a-Service (Paas)
  • Software-as-a-Service (SaaS)

The Firewall as a Service Market report has been broadly classified on the basis of service types into traffic monitoring and control, compliance and audit management, reporting and log management, automation and orchestration, security management, managed services, professional services, and others.

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APAC is projected to be the fastest growing region in terms of CAGR. Growing awareness about the benefits of cloud services, benefits offered by the pay-as-you-go model, increased cloud initiatives by governments, and digital transformation within enterprises are some of the key reasons that have led APAC to become a highly potential market.

The key providers in the FWaaS market are:

  • Barracuda Networks (US)
  • Cato Networks (Israel)
  • Check Point Software Technologies (Israel)
  • Cisco Systems (US)
  • Forcepoint (US)
  • Fortinet (US)
  • Juniper Networks (US)
  • Palo Alto Networks (US)
  • WatchGuard (US)
  • Zscaler (US)

Some of key vendors in Firewall as a Service Market are Barracuda Networks (US), Cato Networks (Israel), Check Point Software Technologies (Israel), Cisco Systems (US), Forcepoint (US), Fortinet (US), Juniper Networks (US), Palo Alto Networks (US), WatchGuard (US), and Zscaler (US). These players have adopted various strategies, such as new product launches, acquisitions, and partnerships to cater to enterprises in the FWaaS market.

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Research Coverage

FWaaS market has been segmented on basis of services types, service models, deploy ment models, organization size, verticals, & regions. A detailed analysis of key industry players has been done to provide key insights into their business overview, products & services, key strategies, new product launches, partnerships, agreements, collaborations, business expansions, & competitive landscape associated with the FWaaS market.

The report will help the market leaders/new entrants in the following ways:

  • This report segments the FWaaS market comprehensively and provides the closest approximations to the revenue numbers for the overall market and sub segments.

This report helps stakeholders understand the pulse of the market and provides them information on the key market drivers, restraints, challenges, and opportunities.

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