Market Research Report
Global Firewall as a Service Market - Technologies, Market share and Industry Forecast to 2024
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||720555|
|Published||Content info||240 Pages
Delivery time: Inquiry
|Global Firewall as a Service Market - Technologies, Market share and Industry Forecast to 2024|
|Published: October 12, 2018||Content info: 240 Pages||
Firewall as a service delivers firewall as a cloud service. Global firewall as a service market is expected to rise with the CAGR of about 25.0% during the forecast period 2017-2024. Proliferation of next-generation firewall, rapid increase in cyber-attacks, rapid alteration and up-gradation of firewall protocols, need to fortify enterprise network against unauthorized strikes and seamless scalability and reduced operational cost are the major market drivers. However, adherence to various regulatory compliances restricts the market growth. Increasing demand for cloud based firewalls and high adoption of firewall as a service in BFSI provides growth opportunities to the market. Whereas, limited technical expertise to manage advanced firewall mechanism and integration of cloud firewalls with traditional firewall platforms challenges the market growth.
Geographically, global firewall as a service market report has been segmented in North America, Asia Pacific, Europe and Rest of World. North America is expected to dominate the market during the forecast period due to increasing adoption of cloud-based services, increasing requirement for enhanced control mechanism, etc. However, Asia Pacific is expected to be the fastest growing region in global firewall as a service market during the forecast period due to increase in cyber-attacks, increasing penetration of internet, etc.
The growth in global firewall as a service market is also influenced by presence of major players such as Dimension Data (South Africa), Hillstone Networks, Inc. (U.S.), IntraSystems Inc. (U.S.), Palo Alto Networks (U.S.), Cato Networks (Israel), etc. To gain competitive advantage, major players of global firewall as a service market are adopting various strategies such as mergers & acquisitions, product launch, strategic partnership, collaboration, joint ventures, investment, strategic expansion, funding etc. during the forecast period.
The report on global firewall as a service market is segmented on the basis of service type, service model, deployment model, organization size and verticals. Service type includes traffic monitoring and control, compliance and audit management, reporting and log management, automation and orchestration, security management, managed services, professional services and others. Service model includes infrastructure as a service, platform as a service and software as a service. Deployment model includes public cloud, private cloud and hybrid cloud. Organization size includes small and medium-sized enterprises and large enterprises. Verticals include banking, financial services, and insurance, education, energy and utilities, government and public sector, healthcare and life sciences, manufacturing, retail and ecommerce, telecommunication, and IT and ITes and others. Hybrid cloud is expected to be the fastest growing segment during the forecast period due to its advantages such as reduced risks, cost efficiency, etc.