Firewall As A Service Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Service Model (Infrastructure As A Service (IaaS), Platform As A Service (PaaS), Software As A Service (SaaS)), By Deployment Model (Public, Private, Hybrid), By Enterprise Size (Small, Medium, Large), By End-User Industry (BFSI, Communication And Technology, Media And Entertainment, Retail, Government, Others), And By Geography - Forecasts From 2020 To 2025

Published:  Sep 2021 Report Code: KSI061611811 Pages: 114

The Firewall as a Service market is estimated at US$7.825 billion for the year 2019 growing at a CAGR of 9.87% to reach the market size of US$13.767 billion by 2025. The market growth is majorly attributed to the rising cases and the severity of cyber-attacks across the world. This is further leading to the rising investments by companies for protecting their network infrastructure which is augmenting the demand for these services. Furthermore, high initial setup costs coupled with much higher maintenance of that infrastructure is another factor that is further propelling the adoption of a firewall as a service, thus positively impacting the market growth. In addition, the facilities such as easy up-gradation and alterations to the firewall protocols which are offered by the service providers are also increasing the adoption among the numerous end-users, thereby adding up to the market growth significantly.

A firewall is used as a barrier for the prevention of unauthorized access to a company’s network. A firewall system proactively monitors all the outgoing as well as incoming data traffic along with enforcing and applying the security policies of the organization. Furthermore, better recovery of disaster offered on the utilization of firewall as a service along with the migration to cloud-based platforms and a significant increase in the use of mobile devices is leading to a lack of clear perimeters in the network where the requirement for safeguarding the users and applications is a major concern. As the security threats are increasing, there is a rising risk of disasters that can lead to high costs in regards to the reputation and resources of an organization. The adoption of the firewall as a service can help the organization to mitigate or minimize the level of disasters as the service provider’s IT experts work on a proactive basis for the detection of new threats, which is one of the key factors for driving its adoption in numerous companies across different industry verticals. The adoption of the firewall as a service also reduces the cost burden as no training and IT staffing is required by the company. All the operations are performed by the professionals possessing the required skills working under the service-providing company only. Furthermore, consultations are also provided by these teams to the companies and also helps to frame the security policies and regulations.

The rapid growth in cloud-based applications coupled with the growing risk of a data breach, especially on the public cloud platforms is also a key factor that is positively impacting the adoption of the firewall as a service. In addition, the continuously changing firewall protocols for the companies are also projected to propel the market growth of the firewall as a service. The growing traffic of data over the cloud networks is also leading to the rising adoption of various security solutions by the numerous organizations across the industries majorly due to the rising concerns for the protection of the crucial data on their respective cloud networks is also adding up to the market growth.

Software as a Service anticipated showing robust growth throughout the forecast period

On the basis of the service model, the global firewall as a service market is classified into Infrastructure as a Service, Platform as a Service, and Software as a Service. The Software as a Service (SaaS) segment is expected to show notable growth throughout the forecast period on account of the rising adoption of SaaS applications by the companies in the various industries. Further, the adoption of software as a service helps in the reduction of operational costs to be incurred by the organizations as there is very less requirement for the training and development of technical staff. The market for Infrastructure as a Service (Iaas) is anticipated to hold a decent share in the market due to numerous benefits on the utilization of these services. The growing trend of virtual data centers in the cloud is also considered a key factor to positively impact market growth.

Public deployment to hold a decent market share

On the basis of the deployment model, the global firewall as a service market is segmented into public, private, and cloud. The public deployment of firewall services is anticipated to hold a good share in the global market owing to the fact that there is a high adoption rate of the firewall as a service across the SMEs due to the rising budgets of SMEs to invest in data security coupled with the growing amount of data in these organizations. Public deployment is a multi-tenant environment where the computing space can be shared between several clients. Furthermore, the increasing competitiveness of SMEs is also considered as one of the key factors which are propelling the adoption of public cloud due to as it offers high-cost efficiency to organizations with low risk-bearing capabilities.

Communication and Technology to grow substantially

On the basis of the end-user industry, the firewall as a service market is segmented into BFSI, communication and technology, media and entertainment, retail, government, and others. The communication and technology segment is expected to show good growth opportunities on account of the rising trend of digitization and the growing adoption of cloud-based storage services along with the generation of a large amount of data which is positively impacting the demand for these services in this sector. The retail segment is also projected to show decent growth over the forecast period to rising competition among the retailers coupled with the growing concerns over data security. As the retail sector is growing across the globe due to rising disposable income and a growing middle-class population.

Competitive Insights

Prominent key market players in the firewall as a service market include Cisco Systems Inc., IBM Corporation, and Palo Alto Networks among others. These companies hold a noteworthy share in the market on account of their good brand image and product offering. Major players in the social media analytics market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.

Firewall As A Service Market Scope:

Report Metric Details
 Market size value in 2019  US$7.825 billion
 Market size value in 2025  US$13.767 billion
 Growth Rate  CAGR of 9.87% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Service Model, Deployment Model, Enterprise Size, End-User Industry, And   Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Cato Networks, Cisco Systems, Inc., Palo Alto Networks, Inc., CTI Global, Juniper   Networks, Inc., IBM Corporation, FireEye, Inc., IXCG Limited, Zscaler, Inc. 
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Service Model
    • Infrastructure as a Service (IaaS)
    • Platform as a Service (PaaS)
    • Software as a Service (SaaS)
  • By Deployment Model
    • Public
    • Private
    • Hybrid
  • By Enterprise Size
    • Small
    • Medium
    • Large
  • By End-User Industry
    • BFSI
    • Communication and Technology
    • Media and Entertainment
    • Retail
    • Government
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for firewall as a service market?
A1. Firewall as a Service market is projected to grow at a CAGR of 9.87% during the forecast period.

Q2. What is the size of global firewall as a service market?
A2. The firewall as a service market is estimated at US$7.825 billion for the year 2019.

Q3. What will be the firewall as a service market size by 2025?
A3. The global firewall as a service market is projected to reach a total market size of US$13.767 billion by 2025.

Q4. Who are the major players in the firewall as a service market?
A4. Prominent key market players in the firewall as a service market include Cisco Systems Inc., IBM Corporation, and Palo Alto Networks among others.

Q5. What factors are anticipated to drive the firewall as a service market growth?
A5. The growth of a firewall as a service market is majorly attributed to the rising cases and the severity of the cyber-attacks across the world.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
 
2. Research Methodology
2.1. Research Data
2.2. Assumptions
 
3. Executive Summary
3.1. Research Highlights
 
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
 
5. Firewall as a Service Market Analysis, By Service Model
5.1. Introduction
5.2. Infrastructure as a Service (IaaS)
5.3. Platform as a Service (PaaS)
5.4. Software as a Service (SaaS)
 
6. Firewall as a Service Market Analysis, By Deployment Model
6.1. Introduction
6.2. Public
6.3. Private
6.4. Hybrid
 
7. Firewall as a Service Market Analysis, By Enterprise Size
7.1. Introduction
7.2. Small
7.3. Medium
7.4. Large
 
8. Firewall as a Service Market Analysis, By End-User Industry
8.1. Introduction
8.2. BFSI
8.3. Communication and Technology
8.4. Media and Entertainment
8.5. Retail
8.6. Government
8.7. Others
 
9. Firewall as a Service Market Analysis, By Geography
9.1. Introduction
9.2. North America
9.2.1. North America Firewall as a Service Market, By Service Model, 2019 to 2025
9.2.2. North America Firewall as a Service Market, By Deployment Model, 2019 to 2025
9.2.3. North America Firewall as a Service Market, By Enterprise Size, 2019 to 2025
9.2.4. North America Firewall as a Service Market, By End-User Industry, 2019 to 2025
9.2.5. By Country
9.2.5.1. USA
9.2.5.2. Canada
9.2.5.3. Mexico
9.3. South America
9.3.1. South America Firewall as a Service Market, By Service Model, 2019 to 2025
9.3.2. South America Firewall as a Service Market, By Deployment Model, 2019 to 2025
9.3.3. South America Firewall as a Service Market, By Enterprise Size, 2019 to 2025
9.3.4. South America Firewall as a Service Market, By End-User Industry, 2019 to 2025
9.3.5. By Country
9.3.5.1. Brazil
9.3.5.2. Argentina
9.3.5.3. Others
9.4. Europe
9.4.1. Europe Firewall as a Service Market, By Service Model, 2019 to 2025
9.4.2. Europe Firewall as a Service Market, By Deployment Model, 2019 to 2025
9.4.3. Europe Firewall as a Service Market, By Enterprise Size, 2019 to 2025
9.4.4. Europe Firewall as a Service Market, By End-User Industry, 2019 to 2025
9.4.5. By Country
9.4.5.1. Germany
9.4.5.2. France
9.4.5.3. United Kingdom
9.4.5.4. Spain
9.4.5.5. Others
9.5. Middle East and Africa
9.5.1. Middle East and Africa Firewall as a Service Market, By Service Model, 2019 to 2025
9.5.2. Middle East and Africa Firewall as a Service Market, By Deployment Model, 2019 to 2025
9.5.3. Middle East and Africa Firewall as a Service Market, By Enterprise Size, 2019 to 2025
9.5.4. Middle East and Africa Firewall as a Service Market, By End-User Industry, 2019 to 2025
9.5.5. By Country
9.5.5.1. Saudi Arabia
9.5.5.2. Israel
9.5.5.3. Others
9.6. Asia Pacific
9.6.1. Asia Pacific Firewall as a Service Market, By Service Model, 2019 to 2025
9.6.2. Asia Pacific Firewall as a Service Market, By Deployment Model, 2019 to 2025
9.6.3. Asia Pacific Firewall as a Service Market, By Enterprise Size, 2019 to 2025
9.6.4. Asia Pacific Firewall as a Service Market, By End-User Industry, 2019 to 2025
9.6.5. By Country
9.6.5.1. China
9.6.5.2. Japan
9.6.5.3. South Korea
9.6.5.4. India
9.6.5.5. Others
 
10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
 
11. Company Profiles
11.1. Cato Networks
11.2. Cisco Systems, Inc.
11.3. Palo Alto Networks, Inc.
11.4. CTI Global
11.5. Juniper Networks, Inc.
11.6. IBM Corporation
11.7. FireEye, Inc.
11.8. IXCG Limited
11.9. Zscaler, Inc.

Cato Networks

Cisco Systems, Inc.

Palo Alto Networks, Inc.

CTI Global

Juniper Networks, Inc.

IBM Corporation

FireEye, Inc.

IXCG Limited

Zscaler, Inc.    

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