Home > Media & Technology > Security and Surveillance > IT Security > Enterprise Firewall Market

Enterprise Firewall Market Trends

Report ID: GMI7202
Published Date: Oct 2023
Report Format: PDF

Download Free Sample

Enterprise Firewall Market Trends

The increasing adoption of security firewalls in small & medium enterprises is a significant factor boosting the demand for enterprise firewall. Small & medium enterprises are recognizing the vital role of robust cybersecurity in protecting their networks and data. For instance, in October 2023, Zyxel Networks unveiled the USG FLEX H Series of Security Firewalls tailored for Small & Medium-sized Businesses (SMBs). These high-performance firewalls offer ultra-fast firewall or VPN throughput, robust multi-gigabit & PoE+ interfaces, and advanced best-of-breed network security.

The proliferation of remote work is a major force behind the enterprise firewall market growth. With more employees working remotely, companies are investing in advanced firewall solutions to secure their networks and sensitive data. Protecting remote access points and ensuring secure communication has become of utmost importance. Enterprises are increasingly deploying firewalls to establish robust virtual barriers, safeguarding against cyber threats. This trend is spurring the demand for innovative and scalable firewall technologies, propelling market expansion.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market valuation of enterprise firewall was worth USD 9.9 billion in 2022 and is estimated to register a CAGR of over 9.5% between 2023 and 2032.

The BFSI segment accounted for a market share of around 25% in 2022 as safeguarding sensitive customer data, financial records, and transaction details is essential for financial institutions, driving the adoption of firewall solutions.

North America accounted for a market share of around 39% in 2022 and is slated to register a significant growth through 2032, backed by the region's robust technology infrastructure that fosters innovations in firewall solutions.

Check Point Software Technologies Ltd., Cisco Systems, Inc., Forcepoint, Fortinet, Inc., Huawei Technologies Co., Ltd., Juniper Networks, Inc., Palo Alto Networks, Inc., Sophos, and WatchGuard Technologies, Inc.