The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increase in the number of fraud cases and cyber-attacks are expected to drive innovation in firewall as a service manufacturing, thus driving the market during the forecast period.

The global firewall as a service market is expected to grow from $2.32 billion in 2022 to $2.93 billion in 2023 at a compound annual growth rate (CAGR) of 26.3The firewall-as-a-service market size is expected to grow to $7.39 billion in 2027 at a CAGR of 26.0%.

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Global Firewall As A Service Market Segments Include:

• By Type: By Service Type: Traffic Monitoring and Control, Compliance and Audit Management, Reporting and Log Management, Automation and Orchestration, Security Management
• By Deployment: Private, Hybrid
• By Enterprise Size: Large Enterprise, Small and Medium Enterprises
• By Vertical: Banking, Financial Services and Insurance, IT and Telecom, Manufacturing, Travel and Hospitality, Healthcare, Energy and Utilities, Retail and Consumer goods, Other Verticals
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global firewall as a service market in 2021.

Major Market Players in the firewall as a service market include Barracuda Networks Inc., Cisco Syatems Inc., Juniper Networks Inc., Cato Networks, Forcepoint, Fortinet Inc., Check Point Software Technologies Inc.

Advancements in cloud-based firewall services have emerged as a key trend gaining popularity in the firewall as a service market. A cloud firewall protects cloud infrastructure from attacks, just as a traditional firewall protects on-premise networks. Major companies operating in the firewall as a service market are focused on developing new technological solutions to strengthen their position. For instance, in March 2022, Palo Alto, a US-based cybersecurity company launches a cloud-native firewall service for AWS (Amazon Web Services). It would be a managed Next-Generation Firewall (NGFW) service designed to simplify securing AWS deployments, enabling organizations to speed their pace of innovation while remaining highly secured.

The Firewall As A Service Global Market Report 2023  provides a firewall as a service market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The firewall as a service market forecast analyzes firewall as a service market size, firewall as a service market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Firewall as a service (FWaaS) is a firewall solution delivered as a cloud-based service that allows companies to simplify IT infrastructure. Firewall as a Service filters network traffic to safeguard organizations from both inside and outside threats.

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