The North America Firewall As A Service Market should witness market growth of 19.7% CAGR during the forecast period (2022-2028).
Security leaders must concentrate on the entire threat lifecycle, including planning & detection, immediate action, and recovery, in all types of organizations, from small to large corporations. Moreover, critical infrastructure may be the target of ransomware attacks in the future, such as wind farm turbines that are brought offline due to a hack and then demand a ransom to be turned back on. As the Internet of Things spreads quickly, businesses may witness increased attacks on non-internet-connected products.
A big opportunity for the firewall as a service market could arise if businesses use efficient network security tools to thwart such attacks. The benefits of cloud-based firewall services include secure access parity, flexible scaling, security over migration, identity protection, and secure performance management. These benefits have led several businesses to adopt firewall-as-a-service to control their data packets in the cloud network. However, some of the most important reasons affecting the growth of firewall-as-a-service in the market are the constantly evolving firewall protocols for commercial organizations.
The Mexican eCommerce industry wasvaluedatUSD 21 billion in 2017 and expanded at 20% annually. The industry is anticipated to keep expanding due to advances in connectivity, improved financial inclusion, more efficient logistics, and rising levels of digital literacy. Online sales for multichannel brick-and-mortar (brick-and-click) stores have allegedly increased to 25% of total sales. 82 million people used the internet in 2018, which is 71 percent of those over the age of six. 60% of internet users have used eCommerce in the last three months. These Factors are expected to increase the utilization of the firewall as a service and thereby propel the market growth in the region.
The US market dominated the North America Firewall As A Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,047.4 million by 2028. The Canada market is poised to grow at a CAGR of 22.4% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 21.4% during (2022-2028).
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Type, the market is segmented into Compliance & Audit Management, Traffic Monitoring & Control, Security Management, Reporting & Log Management, Automation & Orchestration, Professional & Managed Services and Others. Based on Service Model, the market is segmented into Infrastructure as a Service, Platform as a Service and Software as a Service. Based on Deployment Model, the market is segmented into Public Cloud, Private Cloud and Hybrid Cloud. Based on Vertical, the market is segmented into BFSI, IT & Telecommunication, Retail, Education, Healthcare & Dental, Energy & Utilities, Manufacturing, Government and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Juniper Networks, Inc., Fortinet, Inc., Zscaler, Inc., Palo Alto Networks, Inc., Check Point Software Technologies Ltd., Sophos Group PLC (Thoma Bravo), Cato Networks Ltd., Forcepoint LLC (Francisco Partners), and Barracuda Networks, Inc. (Thoma Bravo)
Security leaders must concentrate on the entire threat lifecycle, including planning & detection, immediate action, and recovery, in all types of organizations, from small to large corporations. Moreover, critical infrastructure may be the target of ransomware attacks in the future, such as wind farm turbines that are brought offline due to a hack and then demand a ransom to be turned back on. As the Internet of Things spreads quickly, businesses may witness increased attacks on non-internet-connected products.
A big opportunity for the firewall as a service market could arise if businesses use efficient network security tools to thwart such attacks. The benefits of cloud-based firewall services include secure access parity, flexible scaling, security over migration, identity protection, and secure performance management. These benefits have led several businesses to adopt firewall-as-a-service to control their data packets in the cloud network. However, some of the most important reasons affecting the growth of firewall-as-a-service in the market are the constantly evolving firewall protocols for commercial organizations.
The Mexican eCommerce industry wasvaluedatUSD 21 billion in 2017 and expanded at 20% annually. The industry is anticipated to keep expanding due to advances in connectivity, improved financial inclusion, more efficient logistics, and rising levels of digital literacy. Online sales for multichannel brick-and-mortar (brick-and-click) stores have allegedly increased to 25% of total sales. 82 million people used the internet in 2018, which is 71 percent of those over the age of six. 60% of internet users have used eCommerce in the last three months. These Factors are expected to increase the utilization of the firewall as a service and thereby propel the market growth in the region.
The US market dominated the North America Firewall As A Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,047.4 million by 2028. The Canada market is poised to grow at a CAGR of 22.4% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 21.4% during (2022-2028).
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Type, the market is segmented into Compliance & Audit Management, Traffic Monitoring & Control, Security Management, Reporting & Log Management, Automation & Orchestration, Professional & Managed Services and Others. Based on Service Model, the market is segmented into Infrastructure as a Service, Platform as a Service and Software as a Service. Based on Deployment Model, the market is segmented into Public Cloud, Private Cloud and Hybrid Cloud. Based on Vertical, the market is segmented into BFSI, IT & Telecommunication, Retail, Education, Healthcare & Dental, Energy & Utilities, Manufacturing, Government and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Juniper Networks, Inc., Fortinet, Inc., Zscaler, Inc., Palo Alto Networks, Inc., Check Point Software Technologies Ltd., Sophos Group PLC (Thoma Bravo), Cato Networks Ltd., Forcepoint LLC (Francisco Partners), and Barracuda Networks, Inc. (Thoma Bravo)
Scope of the Study
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Type
- Compliance & Audit Management
- Traffic Monitoring & Control
- Security Management
- Reporting & Log Management
- Automation & Orchestration
- Professional & Managed Services
- Others
By Service Model
- Infrastructure as a Service
- Platform as a Service
- Software as a Service
By Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Vertical
- BFSI
- IT & Telecommunication
- Retail
- Education
- Healthcare & Dental
- Energy & Utilities
- Manufacturing
- Government
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems, Inc.
- Juniper Networks, Inc.
- Fortinet, Inc.
- Zscaler, Inc.
- Palo Alto Networks, Inc.
- Check Point Software Technologies Ltd.
- Sophos Group PLC (Thoma Bravo)
- Cato Networks Ltd.
- Forcepoint LLC (Francisco Partners)
- Barracuda Networks, Inc. (Thoma Bravo)
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Firewall As A Service Market, by Enterprise Size
1.4.2 North America Firewall As A Service Market, by Type
1.4.3 North America Firewall As A Service Market, by Service Model
1.4.4 North America Firewall As A Service Market, by Deployment Model
1.4.5 North America Firewall As A Service Market, by Vertical
1.4.6 North America Firewall As A Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Analyst's Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Mergers and Acquisitions : 2019, Jan - 2022, Apr) Leading Players
Chapter 4. North America Firewall As A Service Market by Enterprise Size
4.1 North America Large Enterprises Market by Country
4.2 North America Small & Medium Enterprises Market by Country
Chapter 5. North America Firewall As A Service Market by Type
5.1 North America Compliance & Audit Management Market by Country
5.2 North America Traffic Monitoring & Control Market by Country
5.3 North America Security Management Market by Country
5.4 North America Reporting & Log Management Market by Country
5.5 North America Automation & Orchestration Market by Country
5.6 North America Professional & Managed Services Market by Country
5.7 North America Others Market by Country
Chapter 6. North America Firewall As A Service Market by Service Model
6.1 North America Infrastructure as a Service Market by Country
6.2 North America Platform as a Service Market by Country
6.3 North America Software as a Service Market by Country
Chapter 7. North America Firewall As A Service Market by Deployment Model
7.1 North America Public Cloud Market by Country
7.2 North America Private Cloud Market by Country
7.3 North America Hybrid Cloud Market by Country
Chapter 8. North America Firewall As A Service Market by Vertical
8.1 North America BFSI Market by Country
8.2 North America IT & Telecommunication Market by Country
8.3 North America Retail Market by Country
8.4 North America Education Market by Country
8.5 North America Healthcare & Dental Market by Country
8.6 North America Energy & Utilities Market by Country
8.7 North America Manufacturing Market by Country
8.8 North America Government Market by Country
8.9 North America Others Market by Country
Chapter 9. North America Firewall As A Service Market by Country
9.1 US Firewall As A Service Market
9.1.1 US Firewall As A Service Market by Enterprise Size
9.1.2 US Firewall As A Service Market by Type
9.1.3 US Firewall As A Service Market by Service Model
9.1.4 US Firewall As A Service Market by Deployment Model
9.1.5 US Firewall As A Service Market by Vertical
9.2 Canada Firewall As A Service Market
9.2.1 Canada Firewall As A Service Market by Enterprise Size
9.2.2 Canada Firewall As A Service Market by Type
9.2.3 Canada Firewall As A Service Market by Service Model
9.2.4 Canada Firewall As A Service Market by Deployment Model
9.2.5 Canada Firewall As A Service Market by Vertical
9.3 Mexico Firewall As A Service Market
9.3.1 Mexico Firewall As A Service Market by Enterprise Size
9.3.2 Mexico Firewall As A Service Market by Type
9.3.3 Mexico Firewall As A Service Market by Service Model
9.3.4 Mexico Firewall As A Service Market by Deployment Model
9.3.5 Mexico Firewall As A Service Market by Vertical
9.4 Rest of North America Firewall As A Service Market
9.4.1 Rest of North America Firewall As A Service Market by Enterprise Size
9.4.2 Rest of North America Firewall As A Service Market by Type
9.4.3 Rest of North America Firewall As A Service Market by Service Model
9.4.4 Rest of North America Firewall As A Service Market by Deployment Model
9.4.5 Rest of North America Firewall As A Service Market by Vertical
Chapter 10. Company Profiles
10.1 Cisco Systems, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Juniper Networks, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Product Launches and Product Expansions:
10.2.5.2 Acquisition and Mergers:
10.3 Fortinet, Inc.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Product Launches and Product Expansions:
10.4 Zscaler, Inc.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional Analysis
10.4.4 Research & Development Expense
10.4.4.1 Partnerships, Collaborations and Agreements:
10.4.4.2 Acquisition and Mergers:
10.5 Palo Alto Networks, Inc.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.5.2 Product Launches and Product Expansions:
10.6 Check Point Software Technologies Ltd.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Product Launches and Product Expansions:
10.6.5.2 Acquisition and Mergers:
10.7 Sophos Group PLC (Thoma Bravo)
10.7.1 Company Overview
10.7.2 Recent strategies and developments:
10.7.2.1 Product Launches and Product Expansions:
10.7.2.2 Acquisition and Mergers:
10.8 Cato Networks Ltd.
10.8.1 Company Overview
10.8.2 Recent strategies and developments:
10.8.2.1 Partnerships, Collaborations, and Agreements:
10.9 Forcepoint LLC (Francisco Partners)
10.9.1 Company Overview
10.9.2 Recent strategies and developments:
10.9.2.1 Acquisition and Mergers:
10.10. Barracuda Networks, Inc. (Thoma Bravo)
10.10.1 Company Overview
10.10.2 Recent strategies and developments:
10.10.2.1 Acquisition and Mergers:
Companies Mentioned
- Cisco Systems, Inc.
- Juniper Networks, Inc.
- Fortinet, Inc.
- Zscaler, Inc.
- Palo Alto Networks, Inc.
- Check Point Software Technologies Ltd.
- Sophos Group PLC (Thoma Bravo)
- Cato Networks Ltd.
- Forcepoint LLC (Francisco Partners)
- Barracuda Networks, Inc. (Thoma Bravo)
Methodology
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