The North America Firewall As A Service Market would 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 was valued at USD 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 would 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.
Free Valuable Insights: The Global Firewall As A Service Market is Predict to reach $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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