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
[130 Pages Report] The global Firewall as a Service Market accounted for USD 0.46 Billion in 2016 and 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. Factors such as the increasing need to fortify the enterprise network against unauthorized and unprecedented strikes, and rapid upgradation of and alteration to firewall protocols are expected to drive the growth of the FWaaS market across the globe. The base year considered for this study is 2016, and the forecast period under consideration is 20172022.
Objectives of the Study:
- To describe and forecast the global Firewall as a Service (FWaaS) market by service type, service model, deployment model, organization size, vertical, and region
- To forecast the market size of the main regional segments, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
- To analyze the market subsegments with respect to individual growth trends, prospects, and contribution to the total market
- To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape to the major players
- To track and analyze competitive developments, such as acquisitions, new product developments, and partnerships and collaborations, in the FWaaS market
The research methodology used to estimate and forecast the FWaaS market began with capturing data on the key vendor revenues through secondary research sources, such as Cloud Computing Association, Association for Financial Professionals (AFP), and Information Systems Security Association (ISSA). Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global FWaaS market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments. The breakdown of the primary profiles is depicted in the figure below:
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The Firewall as a Service (FWaaS) market comprises service providers such as 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).
Key Target Audience of Firewall as a Service Market:
- Government agencies
- Cybersecurity vendors
- Network solution providers
- Independent software vendors
- Consulting firms
- System integrators
- Value-Added Resellers (VARs)
- Information Technology (IT) security agencies
- Managed Security Service Providers (MSSPs)
The research study answers several questions for stakeholders, primarily which market segments to focus on in the next 2 to 5 years for prioritizing efforts and investments.
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Scope of the Report:
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Report Metric |
Details |
|
Market size available for years |
20152022 |
|
Base year considered |
2016 |
|
Forecast period |
20172022 |
|
Forecast unit |
Value (USD) |
|
Segments covered |
Service Model, Service Type, Deployment Model, Organizational Size, Industry Vertical, and Region |
|
Geographies covered |
North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA) |
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Companies covered |
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). |
The research report categorizes the FWaaS market to forecast the revenue and analyze the trends in each of the following submarkets:
FWaaS Market By Service Type:
- Traffic monitoring and control
- Compliance and audit management
- Reporting and log management
- Automation and orchestration
- Security management
- Managed services
- Professional services
- Others (Connectivity and configuration management)
Firewall as a Service Market By Service Model:
- Infrastructure-as-a-Service (IaaS)
- Platform-as-a-Service (PaaS)
- Software-as-a-Service (SaaS)
Firewall as a Service Market By Deployment Model:
- Public cloud
- Private cloud
- Hybrid cloud
Firewall as a Service Market By Organizational Size:
- Small and Medium-sized Enterprises (SMEs)
- Large enterprises
Firewall as a Service Market By Vertical:
- Banking, Financial Services, and Insurance (BFSI)
- Education
- Energy and utilities
- Government and public sector
- Healthcare and life sciences
- Manufacturing
- Retail and eCommerce
- Telecommunication, and IT and ITES
- Others (Travel and transportation, and hospitality)
Firewall as a Service Market By Region:
- North America
- Europe
- MEA
- APAC
- Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customization as per the company's specific requirements. The following customization options are available for the report:
Geographic Analysis
- Further country-level breakdown of the North American market
- Further country-level breakdown of the European market
- Further country-level breakdown of the APAC market
- Further country-level breakdown of the MEA market
- Further country-level breakdown of the Latin American market
Company Information
- Detailed analysis and profiles of additional market players (up to 5)
The Firewall as a Service (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 major drivers of this market include the increasing need to fortify the enterprise network against unauthorized and unprecedented strikes, centralized policy management and simplified installation for distributed enterprise networks, and elimination of the upfront investment cost.
The (FWaaS) market report has been broadly classified on the basis of service types into traffic monitoring and control, compliance and audit management, reporting and log management, automation and orchestration, security management, managed services, professional services, and others. On the basis of service models, the market has been segmented into Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS). By deployment model, the market has been segmented into public cloud, private cloud, and hybrid cloud. On the basis of verticals, the market has been segmented into Banking, Financial Services, and Insurance (BFSI), education, energy and utilities, government and public sector, healthcare and life sciences, manufacturing, retail and eCommerce, telecommunication, and IT and ITES, and others (travel and transportation, and hospitality). By region, the market has been segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
The automation and orchestration service type is expected to grow at the fastest rate during the forecast period. The highest growth rate is due to the benefits offered, such as arrangement and synchronization of automated tasks, and management of interconnections and exchanges among cloud-based and on-premises business units. Furthermore, this service ensures internal and external compliance requirements are fulfilled.
The public cloud deployment model is estimated to hold the largest market share in 2017 and is expected to grow at a significant rate during the forecast period. The main reason for the high adoption of public cloud is its ease of access and faster deployment. The public cloud deployment model offers various benefits, such as scalability, reliability, flexibility, and remote location access, to enterprises.
APAC is expected to witness the highest CAGR during the forecast period. The increased Information and Communications Technology (ICT) spending in government infrastructure and FWaaS initiatives, and the need to prevent unauthorized access to networks are some of the factors that have contributed to the growth of the Firewall as a Service (FWaaS) market in the APAC region. The need to adhere to different regulatory compliances and lack of technical expertise among the enterprise staff some of the major restraints and challenges in the market.
Some of the key vendors in the Firewall as a Service Market 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). These players have adopted various strategies, such as new product launches, acquisitions, and partnerships to cater to enterprises in the FWaaS market.
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Table of Contents
1 Introduction (Page No. - 15)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions
2.4 Limitations
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 27)
4.1 Attractive Market Opportunities in the Firewall as a Service Market
4.2 FWaaS Market: Market Share of the Top 3 Service Types and Regions, 2017
4.3 Firewall as a Service Market, By Service Type, 2017
4.4 Market, By Service Model, 2017
4.5 Market, By Deployment Model, 2017
4.6 Firewall as a Service Market, Top 3 Verticals, 20172022
4.7 Market Investment Scenario, 20172022
5 Market Overview and Industry Trends (Page No. - 32)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Need to Fortify the Enterprise Network Against Unauthorized and Unprecedented Strikes
5.2.1.2 Centralized Policy Management and Simplified Installation for Distributed Enterprise Networks
5.2.1.3 Elimination of the Upfront Investment Cost
5.2.1.4 Rapid Upgradation of and Alteration to Firewall Protocols
5.2.1.5 Proliferation of NGFW
5.2.1.6 Seamless Scalability and Reduced Operational Cost
5.2.2 Restraints
5.2.2.1 Adherence to Multiple Regulatory Compliances
5.2.3 Opportunities
5.2.3.1 Higher Demand for Cloud-Based Firewalls Among SMEs
5.2.3.2 Presence of Limited Vendors Offering Fwaas
5.2.3.3 Higher Adoption of Fwaas Offerings in the BFSI Vertical
5.2.4 Challenges
5.2.4.1 Limited Technical Expertise Among the Staff for Managing the Advanced Firewall Mechanism
5.2.4.2 Integration of Cloud Firewalls With Traditional Firewall Platforms
5.3 Regulatory Landscape
5.3.1.1 Payment Card Industry Data Security Standard (Pci Dss)
5.3.1.2 Health Insurance Portability and Accountability Act (HIPAA)
5.3.1.3 Federal Information Security Management Act (FISMA)
5.3.1.4 GrammLeachBliley Act (GLBA)
5.3.1.5 SarbanesOxley Act (SOX)
5.3.1.6 International Organization for Standardization (ISO) Standard 27001
5.3.1.7 General Data Protection Regulation (GDPR)
5.4 Ecosystem
5.5 Use Cases
5.5.1 By End-User Industry
5.5.1.1 Banking, Financial Services, and Insurance
5.5.1.2 Energy and Utilities
5.5.1.3 Government and Public Sector
5.5.1.4 Healthcare and Life Sciences
5.5.1.5 IT and ITes
5.5.1.6 Manufacturing
5.5.1.7 Retail and Ecommerce
5.5.1.8 Travel and Transportation, and Hospitality
5.5.2 By Role
5.5.2.1 Chief Information Security Officers
5.5.2.2 Security Architects
5.5.2.3 Compliance and Auditing Teams
5.5.2.4 Security Directors
5.5.2.5 Operations Teams
6 Firewall as a Service Market, By Service Type (Page No. - 42)
6.1 Introduction
6.2 Traffic Monitoring and Control
6.3 Compliance and Audit Management
6.4 Reporting and Log Management
6.5 Automation and Orchestration
6.6 Security Management
6.7 Managed Services
6.8 Professional Services
6.9 Others
7 Firewall as a Service Market, By Service Model (Page No. - 52)
7.1 Introduction
7.2 Infrastructure as a Service
7.3 Platform as a Service
7.4 Software as a Service
8 Firewall as a Service Market, By Deployment Model (Page No. - 56)
8.1 Introduction
8.2 Public Cloud
8.3 Private Cloud
8.4 Hybrid Cloud
9 Firewall as a Service Market, By Organization Size (Page No. - 61)
9.1 Introduction
9.2 Small and Medium-Sized Enterprises
9.3 Large Enterprises
10 Firewall as a Service Market, By Vertical (Page No. - 65)
10.1 Introduction
10.2 Banking, Financial Services, and Insurance
10.3 Education
10.4 Energy and Utilities
10.5 Government and Public Sector
10.6 Healthcare and Life Sciences
10.7 Manufacturing
10.8 Retail and Ecommerce
10.9 Telecommunication, and IT and ITes
10.10 Others
11 Firewall as a Service Market, By Region (Page No. - 75)
11.1 Introduction
11.2 North America
11.2.1 United States
11.2.2 Canada
11.3 Europe
11.3.1 United Kingdom
11.3.2 Germany
11.3.3 France
11.3.4 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 Japan
11.4.3 Australia and New Zealand
11.4.4 Rest of Asia Pacific
11.5 Middle East and Africa
11.5.1 Middle East
11.5.2 Africa
11.6 Latin America
11.6.1 Brazil
11.6.2 Mexico
11.6.3 Rest of Latin America
12 Competitive Landscape (Page No. - 96)
12.1 Overview
12.2 Competitive Scenario
12.2.1 New Product Launches
12.2.2 Acquisitions
12.2.3 Partnerships
13 Company Profiles (Page No. - 100)
(Business Overview, Services Offered, Recent Developments, MnM View)*
13.1 Barracuda Networks
13.2 Cato Networks
13.3 Check Point Software Technologies
13.4 Cisco Systems
13.5 Forcepoint
13.6 Fortinet
13.7 Juniper Networks
13.8 Palo Alto Networks
13.9 Watchguard
13.10 Zscaler
*Details on Business Overview, Services Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 122)
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets Subscription Portal
14.3 Introducing RT: Real-Time Market Intelligence
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details
List of Tables (65 Tables)
Table 1 Firewall as a Service Market Size, By Service Type, 20152022 (USD Million)
Table 2 Traffic Monitoring and Control: Market Size, By Region, 20152022 (USD Million)
Table 3 Compliance and Audit Management: Market Size, By Region, 20152022 (USD Million)
Table 4 Reporting and Log Management: Market Size, By Region, 20152022 (USD Million)
Table 5 Automation and Orchestration: Market Size, By Region, 20152022 (USD Million)
Table 6 Security Management: Market Size, By Region, 20152022 (USD Million)
Table 7 Managed Services: Firewall as a Service Market Size, By Region, 20152022 (USD Million)
Table 8 Market Size, By Professional Services 20152022 (USD Million)
Table 9 Professional Services: Market Size, By Region, 20152022 (USD Million)
Table 10 Others: Market Size, By Region, 20152022 (USD Million)
Table 11 Market Size, By Service Model, 20152022 (USD Million)
Table 12 Infrastructure as a Service: Market Size, By Region, 20152022 (USD Million)
Table 13 Platform as a Service: Market Size, By Region, 20152022 (USD Million)
Table 14 Software as a Service: Market Size, By Region, 20152022 (USD Million)
Table 15 Firewall as a Service Market Size, By Deployment Model, 20152022 (USD Million)
Table 16 Public Cloud: Market Size, By Region, 20152022 (USD Million)
Table 17 Private Cloud: Market Size, By Region, 20152022 (USD Million)
Table 18 Hybrid Cloud: Market Size, By Region, 20152022 (USD Million)
Table 19 Firewall as a Service Market Size, By Organization Size, 20152022 (USD Million)
Table 20 Small and Medium-Sized Enterprises: Market Size, By Region, 20152022 (USD Million)
Table 21 Large Enterprises: Market Size, By Region, 20152022 (USD Million)
Table 22 Market Size, By Vertical, 20152022 (USD Million)
Table 23 Banking, Financial Services, and Insurance: Market Size, By Region, 20152022 (USD Million)
Table 24 Education: Market Size, By Region, 20152022 (USD Million)
Table 25 Energy and Utilities: Market Size, By Region, 20152022 (USD Million)
Table 26 Government and Public Sector: Market Size, By Region, 20152022 (USD Million)
Table 27 Healthcare and Life Sciences: Market Size, By Region, 20152022 (USD Million)
Table 28 Manufacturing: Market Size, By Region, 20152022 (USD Million)
Table 29 Retail and Ecommerce: Market Size, By Region, 20152022 (USD Million)
Table 30 Telecommunication, and IT and ITes: Market Size, By Region, 20152022 (USD Million)
Table 31 Others: Market Size, By Region, 20152022 (USD Million)
Table 32 Market Size, By Region, 20152022 (USD Million)
Table 33 North America: Firewall as a Service Market Size, By Service Type, 20152022 (USD Million)
Table 34 North America: Market Size, By Professional Service, 20152022 (USD Million)
Table 35 North America: Market Size, By Service Model, 20152022 (USD Million)
Table 36 North America: Market Size, By Deployment Model, 20152022 (USD Million)
Table 37 North America: Market Size, By Organization Size, 20152022 (USD Million)
Table 38 North America: Market Size, By Vertical, 20152022 (USD Million)
Table 39 Europe: Firewall as a Service Market Size, By Service Type, 20152022 (USD Million)
Table 40 Europe: Market Size, By Professional Service, 20152022 (USD Million)
Table 41 Europe: Market Size, By Service Model, 20152022 (USD Million)
Table 42 Europe: Market Size, By Deployment Model, 20152022 (USD Million)
Table 43 Europe: Market Size, By Organization Size, 20152022 (USD Million)
Table 44 Europe: Market Size, By Vertical, 20152022 (USD Million)
Table 45 Asia Pacific: Firewall as a Service Market Size, By Service Type, 20152022 (USD Million)
Table 46 Asia Pacific: Market Size, By Professional Service, 20152022 (USD Million)
Table 47 Asia Pacific: Market Size, By Service Model, 20152022 (USD Million)
Table 48 Asia Pacific: Market Size, By Deployment Model, 20152022 (USD Million)
Table 49 Asia Pacific: Market Size, By Organization Size, 20152022 (USD Million)
Table 50 Asia Pacific: Market Size, By Vertical, 20152022 (USD Million)
Table 51 Middle East and Africa: Firewall as a Service Market Size, By Service Type, 20152022 (USD Million)
Table 52 Middle East and Africa: Market Size, By Professional Service, 20152022 (USD Million)
Table 53 Middle East and Africa: Market Size, By Service Model, 20152022 (USD Million)
Table 54 Middle East and Africa: Market Size, By Deployment Model, 20152022 (USD Million)
Table 55 Middle East and Africa: Market Size, By Organization Size, 20152022 (USD Million)
Table 56 Middle East and Africa: Market Size, By Vertical, 20152022 (USD Million)
Table 57 Latin America: Firewall as a Service Market Size, By Service Type, 20152022 (USD Million)
Table 58 Latin America: Market Size, By Professional Service, 20152022 (USD Million)
Table 59 Latin America: Market Size, By Service Model, 20152022 (USD Million)
Table 60 Latin America: Market Size, By Deployment Model, 20152022 (USD Million)
Table 61 Latin America: Market Size, By Organization Size, 20152022 (USD Million)
Table 62 Latin America: Market Size, By Vertical, 20152022 (USD Million)
Table 63 New Product Launches, 20152018
Table 64 Acquisitions, 20142018
Table 65 Partnerships, 20152017
List of Figures (34 Figures)
Figure 1 Firewall as a Service Market: Market Segmentation
Figure 2 Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Market: Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market: Assumptions
Figure 8 Market, Top 3 Segments, 2017
Figure 9 Global Firewall as a Service Market Size and Growth Rate, 20152022 (USD Million, Y-O-Y %)
Figure 10 Market, By Region
Figure 11 Elimination of the Upfront Investment Cost, Seamless Scalability, and Reduced Operational Cost are Expected to Drive the Growth of the Firewall as a Service Market During the Forecast Period
Figure 12 Security Management Service Type and North America are Estimated to Have the Largest Market Shares in 2017
Figure 13 Security Management Service Type is Estimated to Have the Largest Share in 2017
Figure 14 Infrastructure-As-A-Service Segment is Estimated to Have the Largest Share in 2017
Figure 15 Public Cloud Deployment Model is Estimated to Have the Largest Share in 2017
Figure 16 Banking, Financial Services, and Insurance Vertical is Estimated to Have the Largest Share in 2017
Figure 17 Asia Pacific is Expected to Emerge as the Best Market for Investments in the Next 5 Years
Figure 18 Firewall as a Service Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Firewall as a Service Ecosystem
Figure 20 Security Management Service Type is Expected to Have the Largest Market Size in 2017
Figure 21 Infrastructure as a Service Segment is Estimated to Have the Largest Market Size in 2017
Figure 22 Public Cloud Deployment Model is Estimated to Have the Largest Market Size in 2017
Figure 23 Large Enterprises Segment is Expected to Have the Larger Market Size During the Forecast Period
Figure 24 Banking, Financial Services, and Insurance Vertical is Estimated to Have the Largest Market Size in 2017
Figure 25 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 26 North America: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Key Developments By the Leading Players in the Firewall as a Service Market During 20142017
Figure 29 Barracuda Networks: Company Snapshot
Figure 30 Check Point Software Technologies: Company Snapshot
Figure 31 Cisco Systems: Company Snapshot
Figure 32 Fortinet: Company Snapshot
Figure 33 Juniper Networks: Company Snapshot
Figure 34 Palo Alto Networks: Company Snapshot
Growth opportunities and latent adjacency in Firewall as a Service Market