Market Highlights
The detailed market concentrate by the specialists indicates that the globalFirewall as a Service Market TrendsValue will be USD 60.38 billion out of 2028. During the period 2022-2028, the market will observer a CAGR of 12%.
Firewalls are utilized to make the organization arrangements safe. The developing usage of smartphones, rapid utilization of the web, and so on would support the development of this industry before very long. Because of the COVID-19 pandemic, ventures of all sizes have adopted the network safety features which will drive the development of this market.
Segmentation:
The Firewall as a Service Market Trends is segmented based on deployment, type, enterprise size, industry, and region.
Based on the industry, the market is further segmented into healthcare, IT, BFSI, telecommunications, travel, education, utilities, retail, and others. In the coming years, the IT Telecom sector is expected to have the highest revenue. The healthcare sector is also expected to do well in the coming years.
Based on the enterprise size, the market is segmented into large enterprises and small medium enterprises. The small medium enterprises sector is expected to have a steady growth.
Based on deployment, the market is further divided into cloud and on-premises sectors. In the coming years, the cloud sector is expected to occupy the largest market share.
Based on the type, the Firewall as a Service Market Trends is segmented into VPN, wireless security, antimalware antivirus software, firewall, and others.
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Regional Classification
Based on region, the Firewall as a Service Market Trends is further segmented into Europe, North America, Asia Pacific, South America, and the Middle East Africa.
The maximum Firewall as a Service Market Trends Share is occupied by the North American region. Most of the industrial sectors such as healthcare, retail, and BFSI, are adopting technologies with high-security features. This region is expected to show steady growth by 2028.
With the implementation of cyber security strategies in most of the European countries, the demand for the firewall is on the rise in this region. In the coming years, Europe is anticipated to have steady growth in this sector.
During the forecast period, the Asia Pacific region is expected to have substantial growth in this sector owing to high investments in cyber security, strict government policies and laws for cyber security, and rapid digitalization in many industries, the Asia Pacific region is anticipated to have substantial Firewall as a Service Market Trends Growth during the forecast period.
Industry News
The dominant players of the global Firewall as a Service Market Trends take strategic initiatives like partnerships, market expansions, new product launches, mergers, and others to maintain their high position amongst their competitors.
- June 2019- Zscaler Inc and NTT Communications Corporation, Japan had a partnership to offer cloud-based security solutions to their clients.
- June 2019- Barracuda Networks Inc launched Firewall solutions that come with SD-WAN security.
- October 2019- Cisco Systems acquired Duo Security Inc. which boosted the position of the company in the global market.
- Cisco Systems Inc. acquired Singularity Networks in November 2019 so that it could offer real-time premise-based and cloud-based analysis.
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Firewall as a Service Market Trends, By Solution (Advanced Threat Protection, Next Generation Firewall, Traffic Control Monitoring, Managed Services), by Service Model, Deployment Model, Organizational size, Verticals, and by Region- Forecast till 2027
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