The global enterprise firewall market was worth USD 9.22 billion in 2023. The global market is expected to reach USD 10.11 billion in 2024 and USD 21.19 billion by 2032, growing at an expected compound annual growth rate (CAGR) of 9.69% over the outlook period.
Firewall is an independent and programming-based network technique that is utilized to control, block, and permit the network traffic based on standards and set policies. With the expanding need for security, firms are quickly receiving the most recent security advances in order to balance the high-level dangers that are developing at a much higher rate. New policies received by enterprises, for example, bring your own device (BYOD), cloud computing, etc., are uncovering the networks of an enterprise to the rest of the world. This has brought about increased dangers to enterprise security. Employees working in the field should carry gadgets with them and connect with outside networks, further expanding the security vulnerabilities. Companies are assessing their network security to improve their organization security structure. Enterprise firewall is the choice of numerous organizations to beat the security concerns driving the demand in the enterprise firewall market universally.
NGFW is one such solution that is, as a rule, quickly embraced by large enterprises because of its different functionalities and advantages. Moreover, it offers advantages, for example, centralized administration of information, deep packet inspection at ultra-low idleness level, user identification, application control, and enhanced IDS/IPS solutions. The interest for cloud-based firewall solution is growing because of its financially smart and continuous security solutions alongside improved operational productivity highlights of the stage.
As the organization framework is broadening and the information is driven into the cloud, more granular access control and staggered security are needed to make sure the enterprise network. Then again, UTM devices are giving a lot of competition to firewalls and confining their application in SMEs. Henceforth, sellers in the enterprise firewall industry are also thinking of advancements and answers for increment in its reception in SMEs. The market is very competitive with the section of specialty players which give innovative integrated software and tools in this manner increment their market bargain capability among the large vendors.
Coronavirus quickened the adoption of cloud infrastructure and services, too, which has made the firms move to cloud based firewalls and firewall-as-a-service. For example, In June 2020, MrOwl, a Social Cloud Storage stage that joins search, social, and computerized associations, began offering comprehensive resources and tools to enable users to safeguard themselves and continue being productive in the era of working from home (WFH). Furthermore, different financial investors and financial specialists are having an eye for ventures as the COVID-19 has given new development occasions to the vendors in the market. For example, In April 2020, the Palo Alto substance firewall business scored USD 120 million and plans on growing further through acquisitions.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2032 |
Base Year |
2023 |
Forecast Period |
2024 to 2032 |
CAGR |
9.69% |
Segments Covered |
By Type, Deployment Mode, Organization Size, and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Cisco Systems, Juniper Networks, Palo Alto Networks, Barracuda Networks, IBM Internet Security Systems, WatchGuard Technologies, McAfee, Inc. (Intel Security), Fortinet, Inc., Huawei Technologies Imperva, Inc., and Others. |
Based on organization size, the market is portioned into small and medium enterprises and huge enterprises. Cloud-based arrangement is required to be the key technique over the figure time frame. Enterprise vertical may incorporate government and public utilities, medical care, media transmission, training, retail, amusement and media, assembling, schooling and BFSI.
Based on geography, the global enterprise firewall market is fragmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. North America is anticipated to encounter huge development among all regional fragments in the coming years because of the presence of a huge number of enterprises and severe government guidelines. Cloud arrangements are going through a crucial part in driving the development of enterprise firewall in this continent, because of its attributes that include cost-effectiveness, automatic integrations, minimum IT investment, and easy accessibility.
The worldwide enterprise firewall market is exceptionally serious and is set apart by the presence of a few global and homegrown central members. Significant players in the enterprise firewall market incorporate Cisco Systems, Juniper Networks, Palo Alto Networks, Barracuda Networks, IBM Internet Security Systems, WatchGuard Technologies, McAfee, Inc. (Intel Security), Fortinet, Inc., Huawei Technologies, Imperva, Inc., and others.
By Type of Deployment
By Solution
By Organization Size
By End-User
By Region
Frequently Asked Questions
The primary factors driving growth include the rise in cyberattacks, increasing use of cloud services, stringent regulatory requirements, and the growing need for network security across various industries such as finance, healthcare, and retail.
Key challenges include the high cost of advanced firewall solutions, complexity in managing and integrating various security systems, the need for continuous updates to counter evolving threats, and a shortage of skilled cybersecurity professionals.
Key trends include the adoption of artificial intelligence (AI) and machine learning (ML) for threat detection, the integration of firewall solutions with other cybersecurity tools, the rise of zero-trust security models, and increasing investment in managed security services.
Regulatory requirements such as GDPR in Europe, CCPA in California, and various cybersecurity frameworks globally mandate strict data protection and network security measures, driving organizations to invest in advanced firewall solutions to ensure compliance and avoid hefty fines.
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