Firewall as a Service Market Future Scope, Demands and Projected Industry Growths to 2024
Category: #reports  By Ashwin Naphade  Date: 2019-01-23
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Firewall as a Service Market Future Scope, Demands and Projected Industry Growths to 2024

Global Firewall as a Service (FWaaS) market report added by MarketstudyReport.com is one of the most comprehensive research studies on Firewall as a Service (FWaaS) offering 220 data tables, 11 figures, covering 18 companies and regional outlook for 15 countries on segments covered in this report.

Meticulously analyzed in terms of pivotal industry segments, global Firewall as a Service (FWaaS) market report effectively covers the scope of this space in terms By Product, By Application, By Service Model and the prominent contributors. Additionally, the report also outlines intricate details regarding the lucrative opportunities that industry contenders can expect in conjunction with the potential threats that have been envisioned for this business sphere in the forthcoming years.

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(FWaaS) Firewall as a Service Market size is set to exceed USD 2.5 billion by 2024; according to a new research report.

The report extensively bifurcates the various contenders of global Firewall as a Service (FWaaS) market. Prominent contributors such as CheckPoint Software Technologies, Palo Alto Networks, Fortinet Inc, Cisco Systems Inc, Intel, Hewlett Packard Enterprise, Symantec, Tufin, Skybox Security, Firemon, Algosec, FireEye, Zscaler, Watchguard, F5 Networks, Juniper Networks, Barracuda Networks have been scrutinized in terms of their financials, strengths, weaknesses, potential threats in the market, and future opportunities.

The government agencies and financial institutions are most targeted due to the huge transactions and classified information. Thus, government and private organizations are collaborating and customizing compliances regulations best suited for the industry. BFSI applications account for majority of the revenue and are expected to maintain their position in the coming years.

The rising number of attacks and need for security measures are fostering the growth of the Asia Pacific FWaaS market. Additionally, number of organizations are understanding the benefits of offering cloud deployment to their customers to get cost-benefits. Moreover, government initiatives to improve the security and introduce norms is creating growth opportunities for the security providers.

The firewall appliances market holds majority of the FWaaS market share with approximately 22% CAGR estimation from 2017 to 2024. Traditionally, proxy servers and stateful inspection firewalls were used to protect the servers and network. However, with the change in the attacks and spreading its reach, internal networks require more protection than traditional ways. The UTM and NGFW were used to protect enterprises from internal and external network attacks.

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Rising initiatives by regulatory authorities to improve the security of the customer information and increase in cyber-attacks is a major factor driving the firewall as a service market growth. Firewalls help organizations in protecting end-to-end web application and database to protect their customer information and their business. The development of Next-Generation Firewall has entirely changed the landscape with features such as DPI, API, SSL inspection, filtering, and IPS, improving the cloud firewall market opportunity for these solutions.

 Rapid digitization, primarily in countries such as India and China, has led to an increase in the IT sector, leading to a new market for cyber criminals. Various organizations are working with government agencies to provide customized suites and packages to enterprises, especially SMEs, as they are very reluctant to use software and more prone to attackers.

Adoption of BYOD, digital banking, and connected devices is changing the firewall as a service market. The penetration of phones and the connectivity across the world has led to the rise in the hacking of the device and collect the financial information. NGFW is attracting lot of companies with their public deployment model as majority of the players offer the product in the competitive FWaaS market. Organizations such as Tufin, Skybox Security and Firemon are offering management software tools required by any user to track and monitor the attacks and update the regulatory norms whenever required.

Table of Content:

Chapter 1.    Methodology and Scope

Chapter 2.  Executive Summary

Chapter 3.   FWaaS Industry Insights

Chapter 4.   FWaaS Market, By Product

Chapter 5.   FWaaS Market, By Application

Chapter 6.   FWaaS Market, By Service Model

Chapter 7.   FWaaS Market, By Delivery Model

Chapter 8.   FWaaS Market, By Region

Chapter 9.   Company Profiles

For More Details on this Report At: https://www.marketstudyreport.com/reports/firewall-as-a-service-fwaas-market

Related Report:

2018-2023 Global Firewall as a Service Market Report (Status and Outlook)

Firewall services help businesses in protecting end-to-end database and web application. The growth of NGFW (next-generation firewall) has completely changed the scene with features such as application programming interface (API), deep packet inspection (DPI), intrusion prevention system (IPS), and filtering, developing the opportunities in the firewall market. In recent years, firewall devices have gained an element of importance in network security, based on the progress in product design in terms of performance, sophistication, and functionality.

North America is likely to have the highest market share during the forecast period, due to the growing adoption of cloud services, increasing need to prevent cyber threats, and better security compliant offerings by sellers.

Over the next five years, LPI(LP Information) projects that Firewall as a Service will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

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About Author

Ashwin Naphade

Email: [email protected]   

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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