Enterprise Network Firewall Market Size, Share, Competitive Landscape and Trend Analysis Report, by Offering, by Deployment Mode, by Enterprise Size, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

Market Introduction and Definition

An enterprise network firewall is a robust security solution designed to protect the internal network infrastructure of a business or organization from unauthorized access, malicious activities, and cyber threats. It acts as a barrier between the internal network and external networks, such as the internet, filtering incoming and outgoing traffic based on predefined security rules.

Key Takeaways

• The enterprise network firewall industry study covers 20 countries. The research includes a segment analysis of each country in terms of value ($Million) for the projected period 2023-2032.
• More than 1,500 product literatures, industry releases, annual reports, and other such documents of major enterprise network firewall industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
• The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions in order to achieve their most ambitious growth objectives.

Industry Trends

• In April 2023, Juniper Networks, a leader in secure, AI-driven networks, received “AAA” ratings for Routing & Access Control, SSL/TLS Functionality, Threat Prevention and Stability & Reliability in the Enterprise Network Firewall evaluation by CyberRatings.org, a nonprofit member organization that provides transparency and expert guidance on cybersecurity risks via research and objective product testing. Juniper also achieved the highest security effectiveness score of 99.94%.
• In May 2021, the U.S. Presidential Executive Order undertook bold changes and significant investments to defend the vital institutions that underpin the American way of life. This Executive Order makes a significant contribution toward modernizing cybersecurity defenses by protecting federal networks, improving information-sharing between the USG and the private sector on cyber issues, and strengthening the United States’ ability to respond to incidents when they occur. 

Key market dynamics

The global enterprise network firewall market is growing due to several factors such as continuous advancements in firewall technology and features, expansion of enterprise networks due to digital transformation, and the rise of bring your device (BYOD) and remote work trends. In addition, key trends such as increasing adoption of cloud-based firewalls, emergence of next-generation firewall (NGFW) technologies and growing emphasis on network segmentation for enhanced security are expected to drive the enterprise network firewall market growth. However, complexity in managing and maintaining firewall infrastructures, high budget costs, and skills gap hamper the development of the market.

Furthermore, integration of artificial intelligence and machine learning for threat detection and rise in demand for unified threat management (UTM) solutions will provide ample opportunities for the market's development during the forecast period. Moreover, expansion of the SME market for firewall solutions and growth potential in emerging economies with increasing digitalization are anticipated to create numerous opportunities for the enterprise network firewall market forecast.

Public Policy of Global Enterprise Network Firewall Market

Policies for enterprise network firewalls vary across regions, but generally focus on cybersecurity standards, data protection regulations, and industry-specific compliance requirements. In North America, policies include frameworks like NIST (National Institute of Standards and Technology) guidelines and compliance with regulations such as HIPAA (Health Insurance Portability and Accountability Act) and GDPR (General Data Protection Regulation) . Europe emphasizes GDPR compliance, which mandates stringent measures for protecting personal data, including requirements for network security and breach notification. In the Asia-Pacific region, countries like Singapore and Australia have established cybersecurity regulations and standards, while others are enhancing their cybersecurity frameworks to align with global best practices. In the LAMEA region, countries are increasingly implementing cybersecurity laws and regulations to address growing cyber threats. These policies aim to safeguard critical infrastructure, protect sensitive data, and promote cybersecurity awareness and best practices among enterprises. Additionally, industry-specific regulations may impose additional requirements on enterprises operating in sectors such as finance, healthcare, and government.

Market Segmentation

The enterprise network firewall market is segmented into offering, deployment mode, enterprise size, application, and region. On the basis of offering, the market is divided into hardware, software, and service. By deployment mode, it is bifurcated into on-premise and cloud. As per enterprise size, the market is segregated into large enterprises and small & medium-sized enterprises. On the basis of application, the market is divided into BFSI, IT & Telecom, Healthcare, Retail & e-commerce, government and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Regional/Country Market Outlook

The adoption of digital technologies rapidly accelerating across the globe and increasing economic prosperity in many countries has become intricately linked to Internet connectivity. In addition, the U.S. Federal Government is a prime target for cyberattack by sophisticated adversaries focused on disruption of the national security, public safety, and civilian and military services. This threat environment unifies and motivates agency IT and cybersecurity professionals to continually monitor and strengthen their cyber defenses. It is only with modernized IT infrastructures and advanced, integrated, and automated cybersecurity and networking technologies that the Federal Government is able to meet its program mandates while reducing costs and enabling trusted operations.

• In February 2024, U.S. Consul General Mike Hankey launched the first-ever Cybersecurity Initiative in Pune in collaboration with the Maratha Chamber of Commerce and Agriculture (MCCIA) . The new Initiative will connect research institutions, industry, and civil society in both countries to improve cybersecurity infrastructure, create commercial opportunities in cybersecurity, and boost professionals’ cybersecurity skills across the U.S., India and around the world.
• In February 2024, Zscaler, Inc., the leader in cloud security, announced its attainment of Information Systems Security Management and Assessment Program (ISMAP) Compliance for its Zscaler Internet AccessTM for Japanese Government and Zscaler Private AccessTM for Japanese Government services. ISMAP is a Japanese government system for assessing the security of cloud service providers to participate in public sector projects.

Competitive Landscape

The major players operating in the enterprise network firewall market include Palo Alto Networks,  Check Point Software Technologies, Cisco System, Inc., WatchGuard Technologies, Juniper Networks, CrowdStrike, SonicWall, Huawei Technologies, and Fortinet, Inc. and other players in enterprise network firewall market include AhnLab, Hillstone Networks,  pfSense, Zscaler, Forcepoint, Barracuda Firewall, Sophos and others.

Recent Key Strategies and Developments

• In November 2023, Palo Alto Networks, the global cybersecurity leader, announced that it has entered into a definitive agreement to acquire Talon Cyber Security, a pioneer of Enterprise Browser technology. This acquisition will enable users to securely access business applications from any device, including mobile and other non-corporate devices, while delivering seamless user experiences. Such enhancement is expected to propel the enterprise network firewall market forecast.
• In March 2023, HPE entered into a definitive agreement to acquire Axis Security, a cloud security provider. This acquisition will allow HPE to expand its edge-to-cloud security capabilities by offering a unified Secure Access Services Edge (SASE) solution to meet the increasing demand for integrated networking and security solutions delivered as-a-service. Axis Security’s Security Services Edge (SSE) platform addresses the need for improved application performance and increased network security as the number of remote users increases and as enterprises continue to migrate applications to the cloud.
• In November 2020, AWS launched a new service, AWS Network Firewall, which provides network security controls across Amazon Virtual Private Cloud (VPCs) . The easy to deploy service enables users to launch a managed cloud native firewall to complement the rest of the AWS Security Platform. This potentially enables faster and simpler deployment of firewalls, policies, and advanced rulesets for complex networking deployments.

Key Sources Referred

• National Institute of Standards and Technology
• SANS Institute 
• Carnegie Mellon University
• wanstor.com 
• 3Com
• NCCIC (National Cybersecurity and Communications Integration Center)
• U.S. Department of Defense

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the segments, current trends, estimations, and dynamics of the enterprise network firewall market analysis from 2022 to 2032 to identify the prevailing enterprise network firewall market size.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the enterprise network firewall market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global enterprise network firewall market share.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global enterprise network firewall market trends, key players, market segments, application areas, and market growth strategies.