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In 2022, the overall value of the firewall as a service was roughly US$ 2.72 billion. According to FMI, the firewall as a service market would grow at a 25% CAGR from 2023 to 2033. If current trends continue, the global firewall as a service market value is expected to reach US$ 30.9 billion by 2033.
The increased demand for advanced security solutions and services to limit the risk of cyber-attacks is creating new prospects for growth. Enterprises’ increased demand for frameworks of interconnected devices has created a demand for robust firewalls.
The industry is also being driven by a firewall as a service to safeguard data and information from security breaches and cyber-attacks. Furthermore, the growing trend of Bring-Your-Own-Device (BYOD) is likely to provide further potential for growth in the FWaaS market.
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Because to pandemic restrictions, the market increased by roughly 30% between 2019 and 2022. As virtual private networks become more popular, the deployment of firewall services is expected to grow rapidly.
Key Takeaways from the Market
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Competitive Landscape
The firewall as a service market is highly competitive and fragmented, with the presence of several international and local companies. Leading market players are spending money on research and development to create cutting-edge products and get ahead in this sector. Also, many key players are forming alliances and merging with other businesses. As the market is primarily defined by novelty, alteration, and evolving customers.
Recent Developments by the Firewall as a Service Industries
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Key Segments Covered by Firewall as a Service Industry Study Report
Firewall as a Service Industry by Service Model:
Firewall as a Service Industry by Service Type:
Firewall as a Service Industry by Deployment Model:
Firewall as a Service Industry by Enterprise Size:
Firewall as a Service Industry by End-use Industry Verticals:
Firewall as a Service Industry by Region:
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