The growing number of key market collaborations has resulted in an
increase in funding to be allocated for the growth and development of
advanced and automated technology/machinery to prevent fraudulent
activities. Increased investment in research and development
capabilities would also pave the way for information technology
advancements. The market will benefit even more from the increased
integration of artificial intelligence and machine learning technology.
Firewall As A Service Market Report Scope and Research Methodology:
The report provides an in-depth analysis of the strategies of the leading players in the Firewall As A Service industry, as well as a thorough analysis of the various market segments and geographies. SWOT analysis was employed to provide the strengths and weaknesses of the Firewall As A Service key players. A detailed analysis of Firewall As A Service market dynamics including drivers, restraints, opportunities and challenges is provided region-wise and segment-wise. Figures for import/export consumption, supply and demand, price, cost, revenue, and gross margins are also included in the Firewall As A Service Market report. The data collected by using primary and secondary research and analysed by SMR analysts on Firewall As A Service Market was combined for accurate inferences. To collect information for the Firewall As A Service Market report on important factors such as market trends, market size, growth trends, competitive landscape, outlook etc, primary interviews were conducted while the secondary information was collected from the sources such as annual or financial reports, government documents, company websites, industry white papers, paid databases and free databases. The bottom-up approach was used to estimate the and regional Firewall As A Service Market size.
Firewall As A Service Market Report Overview:
The research is based on forecasts from major companies as well asFirewall As A Service Market statistics. The Firewall As A Service Market Report provides growth variables, current market share, various types, technologies, applications, and regional penetrations by 2029 during the forecast period.
Firewall As A Service Market Size was
valued at USD 1.18 billion in 2021. Global Firewall As A Service Market
size is estimated to grow at a CAGR of 23.5 % over the forecast period.
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Firewall As A Service Market Regional Analysis:
The market's primary geographic condition, as well as segments and sub-segments, are examined in the Firewall As A Service Industry Research. The current state of the regional market is provided in the report in terms of market size, share, and volume. The Firewall As A Service market report consists of an analysis of all the regions:
Firewall As A Service Market Segmentation:
Based
on application, the market can be divided into BFSI, healthcare,
government, retail, education, manufacturing, and others. Because of the
increasing number of data security breaches, the retail segment will
command more than 40% of the market in 2021. A data security breach
undermines customer trust and perceptions, affecting the entire value
chain and resulting in business losses. A firewall as a service solution
protects retailers from cyber-attacks such as remote threats, thefts,
and viruses. It also ensures that a transaction is not lost. The retail
industry is associated with millions of debit and credit cards, as well
as all financial information within their databases and networks.
Based
on the delivery model, the market is divided into three categories:
private, public, and hybrid. The public delivery model held a
significant Firewall as a Service market share, which is expected to be
maintained during the forecast timeframe, owing to increased FWaaS
implementation among SMEs. It is a multi-tenant environment where
computing resources are shared by multiple clients. The companies intend
to use the public cloud to accelerate the development, testing, and
distribution of software. SMEs are quickly adopting the public cloud due
to market cost competitiveness. Benefits such as increased reliability,
lower costs, and pay-as-you-go will drive demand for public computing.
The
SaaS model is dominating the market and is expected to grow throughout
the forecast period due to the increase in SaaS applications by
businesses. It assists businesses in lowering their operating costs.
Because it eliminates the need for technical employees to manage,
update, and licence software, the SaaS approach reduces total cost of
ownership. The market for network security infrastructure is expanding
as a result of increased use of mobile applications and BYOD in
businesses.
Firewall As A Service Market Key Players:
Fortinet, Inc.
Spitfire Technology Group
Forcepoint
Juniper Networks
Zscaler
Cisco Systems
Barracuda Networks
Cato Networks
Palo Alto Networks
Watchgaurd
Skybox Security, Inc.
AlgoSec
FireMon, LLC.
F5,Inc.
Vocus Group
Sprout Technologies Limited
Key Questions answered in the Firewall As A Service Market Report are:
Key offerings:
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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