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Firewall as a Service Market Share

Report ID: GMI2125
Published Date: Oct 2017
Report Format: PDF

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Firewall as a Service Market Share

The FWaaS market is competitive due to strategic alliances between cloud service providers and prominent firewall application providers. The market dynamics is changing substantially due to the entry of new market players and innovations by established players. Prominent market players operating in the market include :

Algosec
Cisco
Palo Alto Networks
Firemon
IBM
Checkpoint
Fortinet
McAfee
FireEye
Sophos
Tufin
Symantec
Skybox Security
Watchguard

The market players are investing heftily in R&D to innovate and expand their product lines. For instance, Palo Alto Networks increased its spending in R&D from about USD 185 million in 2015 to USD 284.2 million in 2016, which helped the enterprise to launch three new products for data centers and large enterprises.

Authors: Preeti Wadhwani, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of firewall as a service was crossed USD 500 million in 2016.

The industry share of firewall as a service is anticipated to witness over 25% gains from 2017 to 2024.

Palpable demand for network security in APAC and soaring cybercrimes in North America are likely to spur the market demand among various end-users globally.

Some of the factor such as increased adoption of firewall appliances by big enterprises and trends such as BYOD, virtualization and web application will fuel the growth of unified threat management (UTM) technology globally.

A notable uptick in the deployment of FWaaS across SMEs comes in the wake of aspects such as cost-effectiveness, enhanced reliability, and pay-as-you-go.

With sizeable number of Americans having access to internet and rising threat of cybercrimes, North America is set to gain traction in the industry.