About Firewall as a Service (FWaaS)
FWaaS is as Firewall as a Service where it’s a new type next generation, that delivered as an cloud based service that allows customers to partially or fully move security inspection to a cloud infrastructure. FWaaS market is expected to mark significant growth over forecasted period owing to increasing demand due to on-demand platform, growing datacenters, branches, mobile users and technological advancement. The major companies are adding more proven technologies systematically and strategically such as WAN in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the IT sector. Further, increasing demand for the SD-WAN expected to drive the market growth over the forecasted period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Firewall as a Service (FWaaS) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Algosec (United States), Cisco (United States), Palo Alto Networks (United States), Firemon (United States), IBM (United States), Checkpoint (Israel), Fortinet (United States), McAfee (United States), FireEye (United States) and Sophos (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Tufin (Israel), Symantec (United States), Skybox Security (United States) and Watchguard (United States).
Segmentation Overview
AMA Research has segmented the market of Global Firewall as a Service (FWaaS) market by Type (Firewalls { Proxy Servers, Stateful Inspection Firewall, Unified threat management (UTM), Next-generation Firewall (NGFW)} and Management Software/Tools { Auditing & Compliance, Cloud Security, Connectivity Management, Automation, Backup & Recovery}), Application (BFSI, Healthcare, Government, Retail, Education and Manufacturing) and Region.
On the basis of geography, the market of Firewall as a Service (FWaaS) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
If we see Market by , the sub-segment i.e. will boost the Firewall as a Service (FWaaS) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Collaboration and Tie Up Of Leading Players and Value Oriented Consumers
Market Growth Drivers:
Growing FwaaS Deployment Across SMEs. and Increasing Demand for Secure Platform for Storing Digital Content.
Challenges:
Cyber Threat Associated Within FwaaS Market. and Lack Of Awareness Among The Customer Leads To Hampers The Global Market.
Restraints:
Skill Gap in Implementing and Managing Private Cloud Hamper the Market. and High Cost Associated Within FwaaS Service.
Opportunities:
Increase in SaaS Computing Model Leads to Boost the Market. and Growing Utilization of Hybrid Integration and Security Concerns
Market Leaders and their expansionary development strategies
In October 2022 - McAfee Corp., a leader in online security, introduced McAfee+ in the UK. This new product line includes all-new privacy and identity protections that let users live their lives online with confidence and security. The new McAfee+ product suite, which first debuted in the US, is now accessible in the UK and gives users access to extensive Personal Data Cleanup services, identity recovery assistance, lost wallet assistance, and the ability to secure all of their devices with world-class defense against threats.
In February 2023 - Fortinet introduced a new ASIC that promises to meld the security and network functions of its core family of FortiGate firewalls more efficiently and powerfully. The custom chip is a 7-nanometer package, called a fifth-generation security processing system or FortiSP5, that promises several performance improvements for the FortiGate system.
Key Target Audience
Firewall as a Service (FWaaS) Manufacturers, Firewall as a Service (FWaaS) Traders, End-Use Market Participants of Different Segments of Firewall as a Service (FWaaS), Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.