FWaaS is as Firewall as a Service where itís a new type next generation, that delivered as an cloud based service that allows customers to partially or fully move security inspection to a cloud infrastructure. FWaaS market is expected to mark significant growth over forecasted period owing to increasing demand due to on-demand platform, growing datacenters, branches, mobile users and technological advancement. The major companies are adding more proven technologies systematically and strategically such as WAN in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the IT sector. Further, increasing demand for the SD-WAN expected to drive the market growth over the forecasted period.
AdvanceMarketAnalytics has segmented the market of Global Firewall as a Service (FWaaS) market by Type, Application and Region.
On the basis of geography, the market of Firewall as a Service (FWaaS) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Collaboration and Tie Up Of Leading Players and Value Oriented Consumers
Growing FwaaS Deployment Across SMEs. and Increasing Demand for Secure Platform for Storing Digital Content.
Increase in SaaS Computing Model Leads to Boost the Market. and Growing Utilization of Hybrid Integration and Security Concerns
- Skill Gap in Implementing and Managing Private Cloud Hamper the Market.
- High Cost Associated Within FwaaS Service.
In addition to the aforementioned factor, Growing FwaaS Deployment Across SMEs.
is expected to propel the growth of the market over the forecast period.
The key Players profiled in the study are Algosec (United States), Cisco (United States), Palo Alto Networks (United States), Firemon (United States), IBM (United States), Checkpoint (Israel), Fortinet (United States), McAfee (United States), FireEye (United States) and Sophos (United Kingdom). A lot of United States players are profiled in the research study indicating a strong market dependence.