Enterprise Firewall Market

Global Enterprise Firewall Market Size (2024 to 2029)

The global enterprise firewall market is expected to reach USD 10.11 billion in 2024 and USD 16.06 billion by 2029, 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.

MARKET DRIVERS

The global enterprise firewall market is totally driven by the rising interest of dedicated networks in the firms that gives solutions, delivers scalability, reliability, and deep security at multi-Giga-bit speeds.

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.

MARKET RESTRAINTS

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.

Impact of Covid-19 On the Global Enterprise Firewall Market

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 COVERAGE

SEGMENTAL ANALYSIS

Global Enterprise Firewall Market By Organization Size    

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.

REGIONAL ANALYSIS

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.

KEY PLAYERS IN THE GLOBAL ENTERPRISE FIREWALL MARKET

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.

RECENT HAPPENINGS IN THE GLOBAL ENTERPRISE FIREWALL MARKET

• In March 2020, Sophos, a supplier of firewalls, declared plans, such as the Sophos Home Commercial Edition Program for enterprise security and free access for 90 days.
• In May 2020, Fortinet dispatched the world's first Hyperscale enterprise network firewall, Fortinet 4200F, which received exhibition support. This support is credited to a seventh-gen network processor that empowers higher adaptability and execution. FortiGate 4200F continues as an integral piece of the Fortinet Security fabric. It is designed to empower an innovative, security-driven systems administration approach that consistently integrates networking with security.
• In August 2020, Infinity Labs dispatched Infinxt Secure SD WAN, a software-defined solution with an Inbuilt next-generation firewall (NGFW). The Infinxt SD WAN offers enterprise security with quick and simple networks, improved cloud foundation, and an inbuilt NGFW. The solution centers around conveying a high-quality experience in business-driven applications with no trade-off on security.
• In October 2020, US installments processor Visa discovered that two North American cordiality shippers were recently hacked and had their framework tainted with retail location (POS) malware. Visa said it discovered three area strains of POS malware on the casualty organization: RtPOS, MMon (otherwise known as Kaptoxa), and PwnPOS.

DETAILED SEGMENTATION OF THE GLOBAL ENTERPRISE FIREWALL MARKET INCLUDED IN THIS REPORT

The global enterprise firewall market is divided based on type of deployment, solution, organization size, end-user, and region.

By Type of Deployment                 

• Cloud        
• On-Premises          

By Solution                          

• Hardware
• Software 
• Services   

By Organization Size                        

• Small and Medium              
• large          

By End-User                       

• Healthcare              
• Manufacturing      
• Government          
• Education
• Retail         

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa