Firewall-as-a-Service (FWaaS) Market
Global Firewall-as-a-Service (FWaaS) Market Size, Share & Trends Analysis Report by Service Model (Software-as-a-Service (SaaS), Platform-as-a-Service (Paas), and Infrastructure-as-a-Service (Iaas)), By Mode of Deployment (On-Premises and Cloud), By Industry Vertical (Banking, Financial Services and Insurance (BFSI), Aerospace and Defense, IT & Telecom, Retail, Healthcare, and Others), Forecast 2019-2025 Update Available - Forecast 2024-2030
The global FWaaS market is estimated to grow at a significant rate of 19.8% during the forecast period. Factors that are propelling the market growth include increasing adoption of cloud-based services, increasing adoption of FWaaS in various industry verticals, shifting trends towards bring your own device (BYOD) and increasing concern regarding data security and privacy. Moreover, elimination of the upfront investment cost, rapid up-gradation of and alteration to firewall protocols, and seamless scalability and reduced operational cost are further expected to augment the market growth.
FWaaS solutions are considered a secure platform with cost-saving potential and capability to enhance the performance and security of a network. This, in turn, surges the demand for FWaaS across several application areas, such as BFSI, government & defense, retail, and healthcare, among others.
Segmental Outlook
The global FWaaS market is segmented on the basis of service model, mode of deployment, industry vertical, and region. On the basis of the service model, the market is classified into SaaS, PaaS, and IaaS. Based on the mode of deployment, the market is sub-segmented into on-premises and cloud-based FWaaS. On the basis of industry vertical, the market is classified into BFSI, aerospace and defense, IT & telecom, retail, healthcare, and others.
Global FWaaS Market Share by Mode of Deployment, 2018 (%)
Rising BYOD trend is escalating the demand for FWaaS solutions in IT & Telecom sector
In the current scenario, IT companies have witnessed a rising trend of BYOD that has surged the need for FWaaS solutions in order to secure the organization network against any foreign threat. The rising trend of BYOD and enterprise mobility is one of the major factors that is estimated to develop growth opportunities for the growth of the FWaaS market. BYOD allows employees to bring their personally owned devices such as smartphones, tablets, and laptops to their workplace to access the company’s information and applications. FWaaS solutions significantly reduce the risks of security, business continuity, and performance introduced by the BYOD trend.
Regional Outlook
Geographically, the study of the global FWaaS market covers the analysis of four major regions including North America (the US and Canada), Europe (Germany, UK, Italy, France, Italy, Spain, and Rest of Europe), and Rest of the World (RoW). North America dominated the global FWaaS market in 2018 and is estimated to follow the same trend over the forecast period. The presence of key market players such as Microsoft Corp., Cisco Inc., and many others coupled with the increasing adoption of FWaaS services across major industry verticals in the region are augmenting the market growth of North America.
Global FWaaS Market Growth, by Region 2019-2025
North America Enjoys the Major Market Share in the Global FWaaS Market in 2018
North America dominated the global FWaaS market in 2018 and is further estimated to follow the same trend over the forecast period. The rising trend of BYOD in economies such as the US and Canada of the region is primarily driving the regional growth of the market. The individuals in the region rely on digital devices that have increased the use of the number of devices such as smartphones and laptops. In addition, the presence of the high number of enterprises in the region, particularly in the US further gives a boost to the growth of the market in the region. For instance, as per the Organization for Economic Co-operation and Development (OECD), there were around 34,000 enterprises in the US in 2017. The growing number of enterprises raises the demand for hardware; thereby the companies are widely adopting FWaaS solutions in order to provide network security and reduce expenditure on the IT hardware.
Market Players Outlook
Some of the keyplayers operating in the global FWaaS market include Barracuda Networks, Inc., Juniper Networks Inc., Microsoft Corp., Cisco Inc., Check Point Software Technologies Inc., and many others. In order to remain competitive in the market, these market players adopt various strategies such as mergers and acquisitions, product offering expansion, geographical expansion, partnerships and collaborations, and others.
Recent Development
- In June 2019, Barracuda Networks, Inc. launched Firewall Insights to augment its capability in SD-WAN security. This analytic backed solution will enable experts to measure their security platform in this ever-advancing technology of IT security measures. This is expected to strengthen the company’s position in the global market.
- In June 2019, Zscaler Inc. became a partner with Japan-based NTT Communications Corp. to provide cloud-based security solutions including firewalls and endpoint securities. This partnership is aimed to broaden Zscaler’s customer base in the Asia-Pacific market.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global FWaaS market. Based on the availability of data, information related to products and services, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Barracuda Networks, Inc.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Juniper Networks Inc.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Microsoft Corp.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Cisco Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Check Point Software Technologies, Inc.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global FWaaS Market by Service Model
5.1.1. Software-as-a-Service (Saas)
5.1.2. Platform-as-a-Service (Paas)
5.1.3. Infrastructure-as-a-Service (Iaas)
5.2. Global FWaaS Market by Mode of Deployment
5.2.1. On-Premises
5.2.2. Cloud
5.3. Global FWaaS Market by Industry Vertical
5.3.1. Banking, Financial Services and Insurance (BFSI)
5.3.2. Aerospace & Defense
5.3.3. IT & Telecom
5.3.4. Retail
5.3.5. Healthcare
5.3.6. Others (Manufacturing)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. Japan
6.3.3. India
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Barracuda Networks, Inc.
7.2. Cato Networks Ltd.
7.3. Cerdant
7.4. Check Point Software Technologies, Inc.
7.5. Cisco Systems, Inc.
7.6. CrowdStrike, Inc.
7.7. Dell Inc.
7.8. FireEye Inc.
7.9. Forcepoint LLC
7.10. Fortinet, Inc.
7.11. IntraSystems, Inc.
7.12. Juniper Networks, Inc.
7.13. Microsoft Corp.
7.14. Panda Security S.L.
7.15. SecureWorks, Inc.
7.16. Skybox Security
7.17. SonicWall Inc.
7.18. Sprout Technologies Ltd
7.19. Vocus Group Ltd.
7.20. Zscaler, Inc.
1. GLOBAL FWAAS MARKET RESEARCH AND ANALYSIS BY SERVICE MODEL, 2018-2025 ($ MILLION)
2. GLOBAL FWAAS AS SAAS MODEL MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL FWAAS AS PAAS MODEL MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL FWAAS AS IAAS MODEL MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
5. GLOBAL FWAAS MARKET RESEARCH AND ANALYSIS BY MODE OF DEPLOYMENT, 2018-2025 ($ MILLION)
6. GLOBAL ON-PREMISES FWAAS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL CLOUD-BASEDFWAAS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL FWAAS MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2018-2025 ($ MILLION)
9. GLOBAL FWAAS INBFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
10. GLOBAL FWAAS IN AEROSPACE&DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
11. GLOBAL FWAAS INIT & TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL FWAAS IN RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
13. GLOBAL FWAAS IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
14. GLOBAL FWAAS IN OTHER INDUSTRY VERTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
15. GLOBAL FWAAS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
16. NORTH AMERICAN FWAAS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
17. NORTH AMERICAN FWAAS MARKET RESEARCH AND ANALYSIS BY SERVICE MODEL, 2018-2025 ($ MILLION)
18. NORTH AMERICAN FWAAS MARKET RESEARCH AND ANALYSIS BY MODE OF DEPLOYMENT,2018-2025 ($ MILLION)
19. NORTH AMERICAN FWAAS MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2018-2025 ($ MILLION)
20. EUROPEAN FWAAS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
21. EUROPEAN FWAAS MARKET RESEARCH AND ANALYSIS BY SERVICE MODEL, 2018-2025 ($ MILLION)
22. EUROPEAN FWAAS MARKET RESEARCH AND ANALYSIS BY MODE OF DEPLOYMENT,2018-2025 ($ MILLION)
23. EUROPEAN FWAAS MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2018-2025 ($ MILLION)
24. ASIA-PACIFIC FWAAS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
25. ASIA-PACIFIC FWAAS MARKET RESEARCH AND ANALYSIS BY SERVICE MODEL, 2018-2025 ($ MILLION)
26. ASIA-PACIFIC FWAAS MARKET RESEARCH AND ANALYSIS BY MODE OF DEPLOYMENT,2018-2025 ($ MILLION)
27. ASIA-PACIFIC FWAAS MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2018-2025 ($ MILLION)
28. REST OF THE WORLD FWAAS MARKET RESEARCH AND ANALYSIS BY SERVICE MODEL, 2018-2025 ($ MILLION)
29. REST OF THE WORLD FWAAS MARKET RESEARCH AND ANALYSIS BY MODE OF DEPLOYMENT,2018-2025 ($ MILLION)
30. REST OF THE WORLD FWAAS MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2018-2025 ($ MILLION)
1. GLOBAL FWAAS MARKET SHARE BY SERVICE MODEL, 2018 VS 2025 (%)
2. GLOBAL FWAAS MARKET SHARE BY MODE OF DEPLOYMENT,2018 VS 2025 (%)
3. GLOBAL FWAAS MARKET SHARE BY INDUSTRY VERTICAL, 2018 VS 2025 (%)
4. GLOBAL FWAAS MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
5. US FWAAS MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA FWAAS MARKET SIZE, 2018-2025 ($ MILLION)
7. UK FWAAS MARKET SIZE, 2018-2025 ($ MILLION)
8. FRANCE FWAAS MARKET SIZE, 2018-2025 ($ MILLION)
9. GERMANY FWAAS MARKET SIZE, 2018-2025 ($ MILLION)
10. ITALY FWAAS MARKET SIZE, 2018-2025 ($ MILLION)
11. SPAIN FWAAS MARKET SIZE, 2018-2025 ($ MILLION)
12. ROE FWAAS MARKET SIZE, 2018-2025 ($ MILLION)
13. CHINA FWAAS MARKET SIZE, 2018-2025 ($ MILLION)
14. JAPAN FWAAS MARKET SIZE, 2018-2025 ($ MILLION)
15. INDIA FWAAS MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF ASIA-PACIFIC FWAAS MARKET SIZE, 2018-2025 ($ MILLION)
17. REST OF THE WORLD FWAAS MARKET SIZE, 2018-2025 ($ MILLION)
