Firewall-as-a-Service Market by Service Type (Traffic Monitoring & Control, Compliance & Audit Management, Reporting & Log Management, Security Management, Managed Services, Professional Services, and Others), Service Mode (Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS)), Deployment Model (Hybrid Cloud, Public Cloud, and Private Cloud), Organization Size (Small & Medium-Sized Enterprises (SMEs) and Large Enterprises), and Industry Vertical (BFSI, IT & Telecom, Retail & Ecommerce, Manufacturing, Government & Defense, Education, Energy & Utilities, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
A07978 | Pages: NA | Feb 2021 | 154 Views | | |
Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Firewall-as-a-service Market
Request Now !Firewall-as-a-Service Market Statistics: 2027
Firewall-as-a-Service (FWaaS) is a cloud-based service that delivers firewall solutions. It represents a new and innovative way of delivering network security capabilities as a cloud service. Many businesses have deployed next generation firewalls in accordance to reduce security software costs. In addition, many other factors differ between physical and virtual firewall services, such as deployed cloud or in on-premises, hence many businesses prefer cloud-based firewall. Distributed locations require dedicated firewall solutions that have to be scaled and enhanced to accommodate business growth. Compared to traditional firewalls, FWaaS improves scalability, provides a unified security policy, enhances visibility, and streamlines management.Â
Market scope and structure analysis:
        Report Metric |                    Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value (USD) |
 Segments covered | Service Type, Service Mode, Deployment Model, Organization Size, Industry Vertical, and Region |
 Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and Middle East and Africa |
 Companies covered | Major players analyzed include Barracuda Networks Inc., Cato Networks Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Forcepoint LLC, Fortinet Inc., Juniper Networks Inc., Palo Alto Networks Inc., Watch Guard Technologies, and Zscaler Inc., |
Â
COVID-19 Scenario Analysis:
- Presently, many employees are working from home and students are learning virtually, hence enterprise virtual private network (VPN) servers have now become a lifeline for companies/schools and their security and availability would be a major focus going forward. There is a possibility that an organization’s unpreparedness can lead to security misconfiguration in VPNs. This, in turn, could expose sensitive information on the internet and devices to Denial of Service (DoS) attacks. In addition, some users utilize personal computers to perform official duties, which could also pose a great amount of risk to organizations.
- Working of many security teams is expected to be reduced due to the COVID-19 pandemic, which makes detection of malicious activities difficult and responding to these activities even more complicated. Revising patches on systems may also be a challenge if security teams are not operational.
- Organizations may not effectively detect cyber-attacks as security teams are short staffed or repurposed to support other activities, leaving security alerts uninvestigated.Â
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Rise in need to safeguard enterprise network against unprecedented and unauthorized strikes, coupled with growth in need to centralize policy management and simplify installation for distributed enterprise networks are major factors that drive the firewall-as-a-service market growth. Moreover, businesses are inclining toward FWaaS to eliminate the upfront investment cost on physical security solutions. Some other factors that influence the market growth include rise in need for rapid upgradation and alteration to firewall protocols, owing to rise in sophisticated cyber-attacks, coupled with proliferation of next generation firewall , owing to its ability to seamless scale and reduce operational cost. However, limited technical expertise for handling advance firewall mechanism can hamper growth of the market. Contrarily, higher demand for cloud-based firewalls among SMEs and high demand for FWaaS offerings in the BFSI sector are opportunistic factors for the global firewall-as-a-service market.
Elimination of the upfront investment costs
To offer businesses with protections against sophisticated threats, need for advance security framework to deploy multiple firewall appliances is a necessity. These appliances can include an Intrusion Prevention System (IPS), content-filtering systems, and threat prevention applications. Networks that utilize more security capabilities can burden organizations with additional cost for management, monitoring, and maintenance as a supplement to purchase and set up of an equipment or service, or support. Thus, adoption of FWaaS help to reduce investment costs and boost the firewall-as-a-service market growth.
Firewall-as-a-service helps in reducing these complexities and unifying security administration at a great cost reduction. If a firm acquires next generation firewall technology that is run by IT professionals on a monthly subscription basis, there is a lack of capital investments regarding equipment and costs linked to this kind of security. According to a study carried out by Secure Data, a company with 500 workers, firewall can reduce its expenses by 37% and save an average of $139,000 per year.Â
Limited technical expertise
In an era when cyber risks are increasing at a faster rate than at any time in history, organizations around the globe are struggling to find talented professionals who can help them defend against these risks. According to the most recent Cybersecurity Workforce Study from (ISC)2, world's biggest nonprofit association dedicated to IT security, there is currently a massive cybersecurity workforce shortage on a global basis. Around the world, there are currently 2.8 million cybersecurity professionals. Unfortunately, it would take a 145% rise in the number of these professionals to fill the current expected need for 4.07 million cybersecurity experts.
Key segments covered:
        Segments |                     Subsegments |
 Service Type |
|
 Service Mode |
|
 Deployment Model |
|
 Organization Size |
|
 Industry Vertical |
|
Â
Key benefits of the report:
- This study presents the analytical depiction of the global firewall-as-a-service industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the firewall-as-a-service market share.
- The current firewall-as-a-service market is quantitatively analyzed from 2020 to 2027 to highlight the global firewall-as-a-service market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the firewall-as-a-service market.Â
- The report provides a detailed firewall-as-a-service market analysis based on the present and future competitive intensity of the market.
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
Firewall-as-a-Service Market
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Featured Reports
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers