Firewall as a Service Market Trends by Key Players: Cisco, IBM, Checkpoint, Symantec, Palo Alto Networks, Fortinet, McAfee, and Sophos
Asia Pacific (APAC) offers growth opportunities in the FWaaS market as there is a wide presence of SMEs in the region that are ready to use customized security applications to defend against threats.
(EMAILWIRE.COM, August 17, 2018 ) Market Overview:-
FWaaS Market is estimated to surpass USD 2.5 billion by 2024. The firewall solutions are being used by organizations to protect end-to-end web application and database of customer information and business. FWaaS enables fast and secure local Internet breakouts for all ports and protocols, without the use of hardware appliances. It elastically handles all the cloud application traffic, bringing the entire security stack closer to offer protection no matter where they connect. The solutions keep the network secure, depending on the needs of the customer; the solutions are integrated with next-generation appliances.
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The increase in initiatives by government to improve the security of the customer information and cyber-attacks is a major factor driving the FWaaS growth. Rapid digitization, improvement in business, and growth of cyber-attacks on BFSI, healthcare, and retail industry in developing countries such as India and China, has led to an increase in the use of security solutions. Organizations are working closely with security associations to form new regulatory and offer customized suite and packages to enterprises which are more prone to attacks.
Top Key Players:-
Some of the key participants in the FWaaS Market include CheckPoint, Fortinet, Palo Alto Networks, Cisco, Juniper Networks, Tufin, AlgoSec, FireMon, and SkyBox Security. The industry is characterized by presence of firewall appliance providers, security providers, network providers, cloud providers, and management software providers.
Market share calculation in this report is not done based on companies covered in it. The calculation of FWaaS market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
North America will dominate the market in 2016, approx. 52% and is expected to maintain its majority by 2024, due to increase in the use of cloud computing and collaboration within companies and government. The region has well-established players investing in R&D activities that will contribute to the development of new and advanced technologies. Asia Pacific (APAC) offers growth opportunities in the FWaaS market as there is a wide presence of SMEs in the region that are ready to use customized security applications to defend against threats. The region is the fastest growing market due to security challenges and investment in infrastructure.
Partial Chapter of the Table of Content
Chapter 3. FWaaS Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.4. Technology & innovation landscape
3.4.1. Virtualization firewalls
3.4.2. Web application firewallS
3.5. Regulatory landscape
3.5.1. Payment Card Industry Data Security Standard (PCI DSS)
3.5.2. The Gramm-Leach-Bliley Act (GLB) Act of 1999
3.5.3. Federal Information Security Management Act (FISMA)
3.5.4. North American Electric Reliability Corp. (NERC) standards
3.5.5. Health Insurance Portability and Accountability Act (HIPAA)
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1 Growing cybercrimes in North America
3.6.1.2 Regulatory Compliance
3.6.1.3 Increase in demand for network security in Asia Pacific
3.6.2. Industry pitfalls & challenges
3.6.2.1 Lack of concern towards security
3.6.1.2 Penetration confined to large enterprises
3.7. Growth potential analysis
3.8. Porter's analysis
3.9. Competitive landscape, 2016
3.9.1. Strategy dashboard
3.10. PESTEL analysis
Browse Full Report @ https://www.gminsights.com/industry-analysis/firewall-as-a-service-fwaas-market
According to industry experts, cybercrime will cost more than USD 1 trillion globally by 2020, impacting the global economy, thus, will drive the market in the forecasted period. In addition, the development of Next-Generation Firewall(NGFW) is going to change the market landscape with capabilities such as DPI, API, SSL inspection, filtering, and IPS, improving the cloud firewall opportunity for these solutions.
Mergers and acquisitions is changing the market structure with the influence of major investments and development of new and enhanced products. Acquisitions in the firewall market accelerated in 2016, up from 2015 and 2014 for instance, HPE acquiring Niara, Trend Micro acquiring HP TippingPoint business, and Intel Security selling its firewall business to Raytheon/Websense, and renamed as Forcepoint. Despite the turmoil, the market will grow moderate and is expected to grow due to additions of features such as IPS and URL filtering in the traditional firewalls. The market for pure-players is growing tremendously in firewall market, many of them offering services on cloud.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
FWaaS Market is estimated to surpass USD 2.5 billion by 2024. The firewall solutions are being used by organizations to protect end-to-end web application and database of customer information and business. FWaaS enables fast and secure local Internet breakouts for all ports and protocols, without the use of hardware appliances. It elastically handles all the cloud application traffic, bringing the entire security stack closer to offer protection no matter where they connect. The solutions keep the network secure, depending on the needs of the customer; the solutions are integrated with next-generation appliances.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2125
The increase in initiatives by government to improve the security of the customer information and cyber-attacks is a major factor driving the FWaaS growth. Rapid digitization, improvement in business, and growth of cyber-attacks on BFSI, healthcare, and retail industry in developing countries such as India and China, has led to an increase in the use of security solutions. Organizations are working closely with security associations to form new regulatory and offer customized suite and packages to enterprises which are more prone to attacks.
Top Key Players:-
Some of the key participants in the FWaaS Market include CheckPoint, Fortinet, Palo Alto Networks, Cisco, Juniper Networks, Tufin, AlgoSec, FireMon, and SkyBox Security. The industry is characterized by presence of firewall appliance providers, security providers, network providers, cloud providers, and management software providers.
Market share calculation in this report is not done based on companies covered in it. The calculation of FWaaS market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
North America will dominate the market in 2016, approx. 52% and is expected to maintain its majority by 2024, due to increase in the use of cloud computing and collaboration within companies and government. The region has well-established players investing in R&D activities that will contribute to the development of new and advanced technologies. Asia Pacific (APAC) offers growth opportunities in the FWaaS market as there is a wide presence of SMEs in the region that are ready to use customized security applications to defend against threats. The region is the fastest growing market due to security challenges and investment in infrastructure.
Partial Chapter of the Table of Content
Chapter 3. FWaaS Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.4. Technology & innovation landscape
3.4.1. Virtualization firewalls
3.4.2. Web application firewallS
3.5. Regulatory landscape
3.5.1. Payment Card Industry Data Security Standard (PCI DSS)
3.5.2. The Gramm-Leach-Bliley Act (GLB) Act of 1999
3.5.3. Federal Information Security Management Act (FISMA)
3.5.4. North American Electric Reliability Corp. (NERC) standards
3.5.5. Health Insurance Portability and Accountability Act (HIPAA)
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1 Growing cybercrimes in North America
3.6.1.2 Regulatory Compliance
3.6.1.3 Increase in demand for network security in Asia Pacific
3.6.2. Industry pitfalls & challenges
3.6.2.1 Lack of concern towards security
3.6.1.2 Penetration confined to large enterprises
3.7. Growth potential analysis
3.8. Porter's analysis
3.9. Competitive landscape, 2016
3.9.1. Strategy dashboard
3.10. PESTEL analysis
Browse Full Report @ https://www.gminsights.com/industry-analysis/firewall-as-a-service-fwaas-market
According to industry experts, cybercrime will cost more than USD 1 trillion globally by 2020, impacting the global economy, thus, will drive the market in the forecasted period. In addition, the development of Next-Generation Firewall(NGFW) is going to change the market landscape with capabilities such as DPI, API, SSL inspection, filtering, and IPS, improving the cloud firewall opportunity for these solutions.
Mergers and acquisitions is changing the market structure with the influence of major investments and development of new and enhanced products. Acquisitions in the firewall market accelerated in 2016, up from 2015 and 2014 for instance, HPE acquiring Niara, Trend Micro acquiring HP TippingPoint business, and Intel Security selling its firewall business to Raytheon/Websense, and renamed as Forcepoint. Despite the turmoil, the market will grow moderate and is expected to grow due to additions of features such as IPS and URL filtering in the traditional firewalls. The market for pure-players is growing tremendously in firewall market, many of them offering services on cloud.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results