According to a new report, published by KBV research, The Global Enterprise Firewall Market size is expected to reach $19.01 billion by 2031, rising at a market growth of 7.6% CAGR during the forecast period.
The On-premise segment captured the maximum revenue in the Global Enterprise Firewall Market by Deployment Mode in 2023, thereby, achieving a market value of $11.9 billion by 2031. On-premise deployment is frequently preferred by industries that handle highly sensitive data and stringent regulatory compliance requirements, such as banking, healthcare, defense, and government, as it enables the preservation of critical data within internal servers and networks. On-premise firewalls offer low-latency performance, direct oversight of security protocols, and flexibility to customize configurations based on specific organizational needs.
The Large Enterprises segment is experiencing a CAGR of 7.3 % during the forecast period. These organizations handle high volumes of sensitive and mission-critical data, making them prime targets for sophisticated cyber threats such as advanced persistent threats (APTs), ransomware, and zero-day exploits. As a result, large enterprises invest heavily in advanced firewall solutions, including next-generation firewalls (NGFWs) that offer deep packet inspection, intrusion prevention, and application-level filtering.
The Hardware segment led the maximum revenue in the Global Enterprise Firewall Market by Component in 2023, thereby, achieving a market value of $9.1 billion by 2031. Organizations, particularly large enterprises, prefer hardware-based firewalls because they offer dedicated processing power, enhanced security features, and high throughput, making them ideal for securing network perimeters against external threats. These physical appliances are often deployed in data centers and on-premises environments where robust traffic management, low latency, and deep packet inspection are critical.
The BFSI segment is growing at a CAGR of 6.6 % during the forecast period. With the rapid growth of digital banking, online transactions, and mobile payment platforms, the BFSI sector has become a prime target for cyberattacks such as phishing, ransomware, and data breaches. Stringent regulatory requirements, including PCI DSS, GDPR, and various country-specific compliance mandates, further compel financial institutions to adopt robust and advanced firewall solutions to ensure data privacy, transaction security, and regulatory compliance.
Full Report: https://www.kbvresearch.com/enterprise-firewall-market/
The North America region dominated the Global Enterprise Firewall Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6.8 billion by 2031. The Europe region is expected to witness a CAGR of 7.2% during (2024 - 2031). Additionally, The Asia Pacific region is expected to witness a CAGR of 8.1% during (2024 - 2031).
By Deployment Mode
By Enterprise Size
By Component
By Application
Unique Offerings 
