Data Bridge Market Research analyses that the Firewall as a Service (FWAAS) Market value, which was USD 0.30 billion in 2021, is expected to reach the value of USD 8.28 billion by 2029, at a CAGR of 25.40% during the forecast period. “Public Cloud" accounts for the largest deployment model segment in the firewall as a service (FWAAS) market owing to the growing rate of adoption of firewall as a service (FWAAS) by small and medium scale enterprises. The firewall as a service (FWAAS) market report also covers pricing analysis, patent analysis, and technological advancements in depth.
Firewall as a service (FWAAS) is based on the URL filtering system that helps to protect the data set against false and malware practices. It is a technological system that protects the organizations against cyber-attacks. Rising number of small and medium scale end users are increasingly understanding the importance of firewall as a service (FWAAS). Fortinet, Inc. (US), Spitfire Technology Group (US), WatchGuard Technologies, Inc. (US), Hewlett Packard Enterprise Development LP (US), Skybox Security, Inc. (US), AlgoSec (US), FireMon, LLC. (US), F5, Inc. (US) and Vocus Group (Australia) are the some major players operating in this market.
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Global Firewall as a Service (FWAAS) Market Dynamics
Drivers:
- Growth in investment for research and development to carve way for innovations
The rising number of strategic market collaborations has led to the rise in funds to be allocated for the growth and development of advanced and automated technology/ machinery against fraudulent activities. Further, growth in the level of investment for research and development proficiencies would carve the way for innovations in information technology. Rising integration of artificial intelligence and machine learning technologies will further prove to be a boon for the market.
Opportunities:
- Cloud based firewalls to present many opportunities
Rising urbanization, modernization, and globalization drive market value growth. In other words, growing awareness about the benefits of cloud based firewalls among small and medium size enterprises especially in the developing economies to develop the infrastructure will present very many opportunities for the growth of the market.
Market Players Covered:
Fortinet, Inc. (US), Spitfire Technology Group (US), WatchGuard Technologies, Inc. (US), Hewlett Packard Enterprise Development LP (US), Skybox Security, Inc. (US), AlgoSec (US), FireMon, LLC. (US), F5, Inc. (US), Vocus Group (Australia), Sprout Technologies Limited (US), Barracuda Networks (US), Cato Networks (Israel), Check Point Software Technologies (Israel), Cisco Systems, Inc. (US), Forcepoint (US), Juniper Networks (US), Palo Alto Networks (US), WatchGuard (US), and Zscaler (US)
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Global Firewall as a Service (FWAAS) Market Scope
Service type
- Traffic Monitoring and Control
- Compliance and Audit Management
- Reporting and Log Management
- Automation and Orchestration
- Security Management
- Managed Services
- Professional Services
- Others
Service model
- Infrastructure as a Service
- Platform as a Service
- Software as a Service
Deployment model
- Public Cloud
- Private Cloud
- Hybrid Cloud
Organization size
- Small and Medium-Sized Enterprises
- Large Enterprises
Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Education
- Energy and Utilities
- Government and Public Sector
- Healthcare and Life Sciences
- Manufacturing
- Retail and E-Commerce
- Telecommunication, and IT
- Others
Product
- Firewalls
- Management Software/Tools
Firewall as a Service (FWAAS) Market Regional Analysis/Insights
The countries covered in the firewall as a service (FWAAS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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