The increasing demand from SMEs for UTM, next-generation, and virtualization is expected to drive the market for cloud firewall; the leading segment, network firewall, is expected to grow at an estimated CAGR of 27.9% to reach $1,486.3 million by 2022.
Infoholic Research LLP, a global market research and consulting organization, has published a study titled “Worldwide Cloud Firewall Management Market: Drivers, Opportunities, Trends, and Forecasts, 2016–2022” (September 2016).
According to Infoholic Research, the NGFW and UTM will continue to dominate the market. As per the study, the market will have a significant growth due to the increase in the demand from organizations to seamlessly connect the growing firewall technologies with cloud computing, increased scalability, and availability. The worldwide cloud firewall market is expected to grow at a CAGR of 27.7% during the period 2016–2022 to touch an aggregate of $2,676.0 million by 2022.
Image: Y-O-Y graph of Cloud Firewall Management market. Few of the values are hidden. You can find the complete report at Infoholic Research.
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The network firewall segment will have the major market share reaching $1,486.3 million by 2022. The market for network firewall is followed by application firewall that accounts for 31.00% in 2016; this impacts the overall market for cloud firewall management. At present, Americas holds the majority of the share. Europe is the second largest region with a huge chunk of the market. The Asia Pacific (APAC) and the Middle East & Africa (MEA) will be having higher growth rates compared to developed regions. The BFSI, healthcare, and government entities are the major end-users of the cloud firewall management. In deployment models, public cloud holds the majority of the share and is expected to reach $1,557.4 million by 2022.
“The cloud firewall management market has huge opportunities lying down for all the stakeholders. The market for cloud deployment is growing within the SMEs due to its cost benefits and the ease of use. The large organizations are preferring private and hybrid cloud and SMEs are preferring more of public cloud. Providers are trying to offer more products on public as the ROI will be more and will be used by more number of end-users. Developing regions are interested in public SaaS model for future scenarios. UTM providers have started offering UTM for large enterprises opening more of challenges for NGFW providers.” – Tariq Ahmed. Shaik, Research Manager at Infoholic Research
Image: Cloud Firewall Management Market Share by Types. Values are hidden. You can find the complete report at Infoholic Research.
Cloud firewall management market share is divided among three types that includes: Network Firewalls, Application Firewalls and Traditional Firewall. From 2016 to 2022 these elements will show relative increase.
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Report Scope – Worldwide Cloud Firewall Management
- The report covers the present scenario and growth prospects of the cloud firewall management during the forecast period 2016–2022. Moreover, to calculate the market size, the report considers the revenue generated from the below segments:
- Network Firewall: The segment includes the revenue generated from the next generation firewall (NGFW) and unified threat management (UTM)
- Application Firewall: The segment includes the revenue generated from the proxy servers and packet inspection
- Traditional Firewall: The segment includes the revenue generated from stateful and stateless firewall
- The report covers the evolution, architecture and ecosystem of the firewall, market dynamics, features, advantages, and disadvantages. The report also covers drivers, restraints, & opportunities affecting the market growth over the next forecast years. The report gives insights about the deployment models offered by the providers (public, private, and hybrid) and service models (SaaS, IaaS, and PaaS). Also, it gives a brief discussion regarding the appliances, software, and service offered by top vendors.
- The report covers the adoption and usage of cloud firewall in different regions. The regions include Americas, Europe, Asia Pacific, and the Middle East & Africa. The report also compares top five players in the market with their technological capability and geographical reach.
- It also contains analysis forecasted revenues, competitive landscape, vendor profiles, global generalist, companies to watch for, and business strategies & views.
The report aims to highlight key insights from providers and end-users. The report provides an in-depth analysis and forecast about the industry covering the following key features:
- The report not only highlights users’ conundrum (challenges and barriers to adopting cloud firewall management market) but also brings in their perspective on the market. This market has been analyzed by taking into account the key regions – Americas, Europe, APAC, and MEA
- The report analyzes the market according to the types, services, deployment models, end-users, and regions
- The report analyzes the top 15 players in terms of market reach, business strategy, and business focus
- Competitive benchmarking analysis to optimize short term and long term strategy of the organizations
- Stakeholders’ insights and key trends (current and future) of the market
About Infoholic Research
Infoholic Research is a global market research and consulting organization providing strategic and high-level market intelligence in emerging and niche technologies. Founded in 2014, we are headquartered in India with an office in the US and with consultants working across the globe. Our market analysis powered by rigorous methodology and quality metrics provides information and forecast across all the emerging markets, technologies and business models. We aim at delivering high-quality results to our clients providing them with in-depth industry insights to identify new business opportunities and nurture their business strategies. For more information, please visit www.infoholicresearch.com
Ms. Sunanda Ganguli
Infoholic Research LLP