Industry Background:
The growing need for information security in the internet world will help to fuel the global enterprise firewall market. Enterprise firewall solutions are necessary to safeguard organizations from possible cyber threats. Critical information travels through communication networks of organizations and firewall solutions protect it from external and internal cyber threats. The enterprise firewalls are positioned on the border of a network to execute a security strategy, by rejecting or permitting certain network traffic. Moreover, various functionalities, as well as welfares of Next Generation Firewall (NGFW) systems including centralized data management, web & deep packet filtering, user identification, application control, and superior IPS solutions, is further anticipated to drive the global enterprise firewall market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Palo Alto (United States), Imperva (United States), Sophos (United Kingdom), Dell (United States), Cisco (United States), Microsoft (United States), Zoho Corp (India), CheckPoint technologies (Israel), McAfee (United States) and Juniper Networks (United States) |
According to AMA, the market for Enterprise Firewall is expected to register a CAGR of 9.44% during the forecast period to 2030. This growth is primarily driven by High Demand for Dedicated Networks Offering Additional Functions, Increasing Demand for Cloud-Based Solutions Due To Its Real-Time As Well As Cost-Effective Solution and Rising Number of External and Internal Threats.
Globally, a noticeable market trend is evident High Demand for Software-as-a-service (SaaS)
The Business Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Palo Alto (United States), Imperva (United States), Sophos (United Kingdom), Dell (United States), Cisco (United States), Microsoft (United States), Zoho Corp (India), CheckPoint technologies (Israel), McAfee (United States) and Juniper Networks (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. On 12th October 2018, Palo Alto Networks, the global cybersecurity leader has acquired RedLock Inc., a cloud threat defense company.
Key Developments in the Market:
In February 2019, Palo Alto Networks, the global leading cybersecurity provider has upgraded to PAN-OS® version 9.0 will get access to these new security capabilities, over 60 new features and new tools for easily implementing security best practices.
In August 23, 2023 — Enterprise IT Security (EITS), a leading provider of innovative cybersecurity solutions, is excited to announce the launch of its highly anticipated Firewall Migration to Next-Generation Firewall (NGFW) Service. This new offering represents a significant advancement in network security and is designed to empower businesses to strengthen their defense against modern-day cyber threats.
Influencing Trend:
High Demand for Software-as-a-service (SaaS), Growing Adaptation of New Technologies Including Mobilization of Work Force and New Policies Adopted By Enterprises Such As Bring Your Own Device (BYOD)
Market Growth Drivers:
High Demand for Dedicated Networks Offering Additional Functions, Increasing Demand for Cloud-Based Solutions Due To Its Real-Time As Well As Cost-Effective Solution and Rising Number of External and Internal Threats
Challenges:
Continuous Enhancement in the Number of Web Applications Impacting the Policy Configuration of Firewall Setup
Restraints:
Lack of Awareness about the Network Security and High Inclination for Unified Threat Management (UTM) From SMBs
Opportunities:
Huge Demand in Small and Medium Organizations, Cost Effective and Customized Firewall Solutions and Single Vendor Firewall Installation
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Enterprise Firewall Market
- Analysis about New Entrants in Enterprise Firewall Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Enterprise Firewall Study Sheds Light on
The Enterprise Firewall Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Enterprise Firewall industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Enterprise Firewall industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.