Firewall as a Service Market

Firewall as a Service Market: Overview

The growing use of the internet among numerous regions around the globe and the rising concerns regarding cyber-attacks may serve as prime growth factors for the global firewall as a service market during the forecast period of 2021-2031. The expanding influence of the internet usage across banking and insurance sector is also serving as a growth accelerator for the firewall as a service market as security is a prime concern while performing online activities related to finances. Hence, this aspect may bring promising growth for the firewall as a service market between 2021 and 2031.

Firewall as a service can be referred ti as a cloud firewall that offers advanced threat prevention, DNS security, intrusion prevention systems, URL filtering, and next-generation firewall capabilities. It helps organizations and enterprises eliminate firewall appliances and simplify the IT infrastructure. Unlike utilizing hardware, firewall as a service provides extensive firewall capabilities to the cloud and centralize security inspection to a single accessible panel. Thus, these aspects bode well for the overall growth of the firewall as a service market.

The report on the firewall as a service market by Transparency Market Research has detailed information on the different aspects related to strengthening the growth trajectory. Regional dimensions, competitive insights, and the latest trends have been included in the report. Furthermore, the report also mentions threats and restraints to make the stakeholders aware. This information helps stakeholders and CXOs to develop and refine their business strategies. The impact of the COVID-19 pandemic on the firewall as a service market is also a part of the report.

Firewall as a Service Market: Competitive Insights

The firewall as a service market is highly competitive. New players and well-established players are in constant competition for acquiring a substantial consumer base. The players are involved in research and development activities for exploring different possibilities that can secure data in a more robust manner. Strategic collaborations like mergers, acquisitions, joint ventures, and partnerships are also beneficial for the overall growth of the firewall as a service market as they help in expanding the influence of the players across untapped regions.

Some well-established players in the firewall as a service market are Check Point Software Technologies, Palo Alto Networks, Juniper Networks, Cisco Systems, Barracuda Networks, and Palo Alto Networks.

Firewall as a Service Market: Key Trends

The advantages associated with firewall as a service may prove to be growth propellers for the global market. As no hardware is involved in this service, maintenance is not time-consuming. Furthermore, complex configuration is not needed for firewall as a service unlike hardware-powered firewall, which needs it. Therefore, these factors serve as growth propellers for the firewall as a service market.

The COVID-19 pandemic has proved to be a boon for the growth of the firewall as a service market. The work-from-home mechanism implemented on the back of the strict stay-at-home orders forced many companies to install firewall for data protection, which influenced the growth prospects of the firewall as a service market to a considerable extent. Remote work mechanism is estimated to continue post-pandemic as per the trends. Hence, this factor may work in favor of the growth of the firewall as a service market during the forecast period of 2021-2031.

Firewall as a Service Market: Regional Dimensions

The growing influence of the internet in Asia Pacific may prove to be a growth booster for the firewall as a service market. The increasing need of small, medium, and large-sized enterprises and government agencies to protect their data securely on the cloud is expected to enhance the growth opportunities across the firewall as a service market in Asia Pacific.