According to new market
research report "Firewall as a
Service Market by Service Type (Traffic
Monitoring and Control, Compliance and Audit Management, and Automation and
Orchestration), Service Model, Deployment Model, Organizational Size,
Vertical, and Region - Global Forecast to 2022", The FWaaS
market size is expected to grow from USD 0.56 Billion in 2017 to USD 1.70
Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 24.9% during the
forecast period.
The demand for FWaaS is
driven by various factors, such as the increasing need to fortify the
enterprise network against unauthorized and unprecedented strikes, centralized
policy management and simplified installation of firewalls for distributed
enterprise networks, elimination of the upfront investment cost, rapid
upgradation of and alteration to firewall protocols, proliferation of
Next-Generation Firewalls (NGFWs), and seamless scalability and reduced
operational cost.
Browse and
in-depth TOC on “Firewall as a Service Market”
65
- Tables
34
- Figures
130
- Pages
The security management
service type is estimated to contribute the largest market share in 2017.
Among service types, the security management segment is
estimated to have the largest market size in 2017 and is expected to continue
its dominance during the forecast period. The major factors driving the growth
of this segment include reduced cost of maintaining firewalls, increasing
demand for security offerings, instant upgradation of and rectification to
firewall protocols, automated compliance gap analysis, and easy deployment of
FWaaS.
The hybrid cloud
deployment model is expected to grow at the highest CAGR during the forecast
period.
The hybrid cloud deployment model is expected to gain the
highest traction in the FWaaS market during the forecast period. The hybrid
cloud provides more control, reduced risks, cost-efficiency, and better
performance. Additionally, it provides an ideal combination of public cloud and
private cloud features, such as the versatility and cost-effectiveness of the
public cloud, and greater control and security of the private cloud.
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North America is expected
to contribute the largest market share, whereas Asia Pacific (APAC) is
projected to grow at the highest CAGR during the forecast period.
North America is expected to have the largest market share and
dominate the FWaaS market during the forecast period. The major growth drivers
for this region are the increasing need to prevent cyber threats, growing
adoption of cloud services, better security compliant offerings by vendors, and
need for enhanced control and visibility mechanisms.
The major vendors providing FWaaS solutions and services are
Barracuda Networks (US), Cato Networks (Israel), Check Point Software
Technologies (Israel), Cisco Systems (US), Forcepoint (US), Fortinet (US),
Juniper Networks (US), Palo Alto Networks (US), WatchGuard (US), and Zscaler
(US).
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Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/firewall-as-a-service.asp
