Enterprise Firewall Market Share
How Are the key drivers contributing to the expansion of the enterprise firewall market?
The escalating number of cyberattacks is predicted to fuel the expansion of the enterprise firewall market in the future. A cyberattack involves any attempt to damage a computer, computing system, or network by gaining unauthorized access. The deployment of enterprise firewalls across various businesses provides a strong protective system, substantially mitigating the threat of cyber-attacks and protecting critical assets and confidential data, all while maintaining uninterrupted business functionality. For instance, the Anti-Phishing Working Group, an organization based in the United States, revealed in June 2022 that the organization detected a total of 1,025,968 phishing attacks in the first quarter of 2022, showcasing a 15% increase from the 888,585 attacks observed during the last quarter of 2021. As such, this escalation in cyberattacks is prompting the growth of the enterprise firewall market.
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What growth opportunities are expected to drive the enterprise firewall market’s CAGR through 2034?
The size of the enterprise firewall market has been expanding robustly in the past few years. The market size, currently at $13.15 billion in 2024, is projected to rise to $14.41 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.6%. Factors contributing to this growth during the historic period include the escalation in cyber threats, the proliferating use of internet-connected devices, the increase in e-commerce operations, growth of enterprise networks, and the need to comply with regulatory requirements.
Over the coming years, the enterprise firewall market is forecasted to experience significant growth, escalating to a worth of $23.6 billion in 2029, with a compound annual growth rate (CAGR) of 13.1%. Factors contributing to this growth over the forecast period encompass trends in cloud migration, escalating demand for remote work infrastructure, proliferation of Internet of Things (IoT) devices, stringent data protection regulations, and an increasing importance placed on network security. Key trends to monitor during the forecast period comprise the deployment of artificial intelligence in the realm of cybersecurity, the implementation of zero-trust security models, emphasis on user-focused security strategies, heightened attention to threat intelligence sharing, and the growth of next-generation firewall solutions.
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How are the latest trends influencing the growth of the enterprise firewall market?
Advancements in technology are a growing trend in the enterprise firewall market. Major firms within this market, such as US-based networking products developer, Juniper Networks Inc., are launching cloud-based firewalls as a strategy to maintain their market standing. For example, Juniper Networks unveiled a cloud-delivered security solution called Juniper Secure Edge in February 2022. This new solution enables enterprises to have secure workforces irrespective of their location through the provision of Firewall-as-a-Service (FWaaS) via a single-stack software architecture. The solution also offers unified policy management from a single User Interface (UI) for all security scenarios, dynamic zero-trust segmentation, protection of investments, and proven security effectiveness.
Which growth-oriented segments of the enterprise firewall market are leading the industry’s development?
The enterprise firewall market covered in this report is segmented –
1) By Solution: Hardware, Software, Services
2) By Deployment: On-Premise, Cloud
3) By Organization Size: Small And Medium Organizations, Large Organizations
4) By End-User: Healthcare, Manufacturing, Government, Retail, Education, Financial Services, Media, Communications, Other End-User Industries
Subsegments:
1) By Hardware: Next-Generation Firewalls (NGFW), Unified Threat Management (UTM) Appliances, Network Firewalls, Virtual Firewalls
2) By Software: Firewall Software Solutions, Cloud-Based Firewall Software, Endpoint Firewall Software
3) By Services: Managed Firewall Services, Firewall Configuration and Maintenance, Consulting and Assessment Services, Incident Response Services
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What regions are leading the charge in the enterprise firewall market?
North America was the largest region in the enterprise firewall market in 2024. The regions covered in the enterprise firewall market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the enterprise firewall market?
Major companies operating in the enterprise firewall market include Google LLC, Dell Inc., Huawei Technologies Co. Ltd., Intel Corporation, Cisco Systems Inc., Broadcom Inc., The Hewlett-Packard Co., Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., F5 Inc., Check Point Software Technologies Ltd., Trend Micro Inc., Extreme Networks Inc., Sangfor Technologies Inc., Forcepoint, SonicWALL Inc., Hillstone Networks Co., Barracuda Networks Inc., Imperva Inc., Trustwave Holdings, AhnLab Co. Ltd., WatchGuard Technologies Inc., Stormshield, AlgoSec
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What Is Covered In The Enterprise Firewall Global Market Report?
• Market Size Forecast: Examine the enterprise firewall market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the enterprise firewall market for a structured understanding.
• Key Players Overview: Analyze major players in the enterprise firewall market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the enterprise firewall market.
• Segment Contributions: Evaluate how different segments drive overall growth in the enterprise firewall market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the enterprise firewall market.
• Industry Challenges: Identify potential risks and obstacles affecting the enterprise firewall market.
• Competitive Landscape: Review strategic developments in the enterprise firewall market, including expansions, agreements, and new product launches.
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