The Europe Firewall As A Service Market would witness market growth of 19.8% CAGR during the forecast period (2022-2028).
With a cloud-based security service known as "firewall as a service," a third-party supplier administers and keeps up an organization's firewall defense. It frees businesses from having to buy and maintain physical firewalls, letting them concentrate on their main line of business. The need for the firewall as service solutions and services is being driven by factors including an increase in data breaches in the cloud environment and the widespread use of NGFW across devices.
A cloud firewall that provides DNS security, advanced threat prevention, URL filtering, intrusion prevention systems, and next-generation firewall features is known as a service. It enables businesses and organizations to eliminate firewall equipment and streamline their IT infrastructure. Contrary to using hardware, a firewall as a service centralizes security inspection to a single access panel and offers complete firewall capabilities to the cloud. These elements, therefore, portend well for the market's overall expansion of the firewall as a service.
The UK also has more high-growth businesses than its European counterparts, having founded 144 unicorns, 237 future corns, and over 85,000 startups and scale-ups. With 95,808 IT companies and the most prominent software industry in Europe, Germany will be one of the largest ICT markets in the world by 2022. Microsoft, Apple, Dell, Adobe, IBM, Oracle, and SAP are a few of the company's major stockholders. There are also many highly specialized SMEs on the market. In terms of revenue, the three IT subsectors in 2022—IT services at USD 45.3 billion, IT hardware at USD 34.9 billion, and software at USD 34.1 billion—were divided. With a robust and high-earning IT sector, the chances of cyber-attacks are expected to increase, which will surge the usage of the firewall as a service and boost the market expansion in Europe.
The Germany market dominated the Europe 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 $545.4 million by 2028. The UK market is anticipated to grow at a CAGR of 18.8% during (2022 - 2028). Additionally, The France market would experience a CAGR of 20.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Firewall As A Service Market will Hit $8.4 Billion by 2028, at a CAGR of 20.6%
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)
By Enterprise Size
By Type
By Service Model
By Deployment Model
By Vertical
By Country
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