New York, According to a new market research report published by Global Insight Services “Firewall as a Service Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Firewall as a Service (FWaaS) is a type of security service that provides a firewall solution as a cloud-based offering. This service can be delivered in a number of ways, including as a software-as-a-service (SaaS) solution, a platform-as-a-service (PaaS) solution, or as an infrastructure-as-a-service (IaaS) solution.
FWaaS solutions are typically delivered via a web-based interface and allow users to manage firewall rules and monitor traffic activity. These solutions can be used to protect both on-premises and cloud-based resources, and can be deployed in a number of different ways to meet the specific needs of an organization.
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Key Trends
There are three key trends in firewall as a service technology:
1. The move to cloud-based firewall services:
As more and more businesses move their operations to the cloud, firewall as service providers are seeing a corresponding increase in demand for their services. Cloud-based firewall services offer a number of advantages over traditional on-premises firewall solutions, including greater flexibility, scalability, and cost-efficiency.
2. The rise of next-generation firewall capabilities:
Next-generation firewalls (NGFWs) are purpose-built to address the unique challenges posed by today’s complex, dynamic network environments. NGFWs combine traditional firewall features with advanced capabilities such as intrusion prevention, application control, and user identity management.
3. The increasing adoption of software-defined networking:
Software-defined networking (SDN) is a new approach to networking that enables greater flexibility, agility, and programmability. SDN-enabled firewalls are well-suited to today’s dynamic, cloud-based networks.
Key Drivers
One of the key drivers of the Firewall as a Service market is the need for organizations to have a robust and secure network infrastructure in place to protect their data and systems from cyberattacks. Firewalls play a critical role in ensuring the security of an organization’s network by blocking unauthorized access and preventing malicious traffic from entering the network.
Another key driver of the Firewall as a Service market is the increasing number of cyberattacks that are targeting organizations of all sizes. Cyberattacks are becoming more sophisticated and are designed to bypass traditional security measures, such as firewalls. As a result, organizations are turning to Firewall as a Service providers to provide them with the advanced security features and capabilities that they need to protect their networks from these threats.
Market Segments
The firewall as a service market report is bifurcated on the basis of type, deployment mode, organization size, industry, and region. On the basis of type, it is segmented into traffic monitoring, automation & orchestration, security management, and others. Based on deployment mode, it is analyzed across public cloud, private cloud, and hybrid cloud. By organization size, it is categorized into small & medium sized enterprises and large enterprises. By industry, it is divided into BFSI, IT & telecom, manufacturing, retail, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Players
The firewall as a service market report includes players such as Cisco Systems, Inc., Palo Alto Networks, Inc., Juniper Networks, Sophos, Ltd., Check Point Software Technologies , SonicWall, Barracuda Networks, WatchGuard Technologies, Zscaler, and Fortinet, Inc.
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Reasons to buy Firewall as a Service Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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