Market Overview
As per the research made, the market of the Firewall as a Service Provider is showing a potential growth and is likely to reach USD 4.16 Billion with a CAGR of 24.35% during the forecast timeline.
Cyber threats these days have gained more prominence through the glove. There is a huge rate of cyber-attacks that has been noticed in the past few years which actually created HAVOC in the business. The use of the Bring you own solution, mobile transactions and also gadgets that can now be linked throughout the globe has caused an increase in cyber-attack threats and also the data breach which further caused the widespread use of the different firewall solutions. Also the firewalls were traditionally deployed one very sever to keep the networking safe. There have been many ways in which the firewall as the service as compared to the conventional firewalls seems to be a good option. But the service in the home in the cloud pattern is quite accessible from any area and can be used within the budget.
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There had been many reasons that also included the increased requirement for depending on the operating solution for unexpected yet ill age crimes and also the simple implementation of the firewall software for the dispersed networking which is now driving the Firewall as a Service Provider growth. Also, there are many problems which have restricted the market that including the limited technical skills for handling the firewall mechanisms which are complex in nature and also the lack of stable network equipment with no governance.
The covid 19 pandemic crises advent also resulted in the high investment in some advanced series and also the technology including the Internet of things, cloud computing, artificial intelligence and corporate flexibility to name some. Also, the increased numbers of people who work from home in the face of the world are now shutting down because of the Covid 19 pandemic crisis which is also fuelling up the requirement for applications that are cloud-based throughout the forecast timeline.
Market Segmentation:
The segmentation of the market is done as per the services model, solution, model of deployment, size of the organization, region, and verticals.
- Advanced Threat Protection
- Traffic Control and Monitoring
- Next-generation Firewall
- Network Security
- Managed services
- Identity Management
As per End-users: The segmentation of the market is done into:
- Education
- BFSI
- Healthcare
- Manufacturing
- Energy & Utilities
- Information Technology & Telecommunications
- Retail
- Government
Regional Classification:
As per the regional classification that has been done, it is estimated that the market of Firewall as a Service is likely to create at a high pace per the research that has been made. Further out of regions like the Asia Pacific, North America and the rest of the world, the market of North America is showing potential growth in the forecast timeline.
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Industry News:
The models of the public cloud deployment are showing a good share of the market and are likely to grow at a great pace during the projection timespan.
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