Enterprise Firewall Market Size - By Solution (Hardware, Software), By Enterprise size (SMEs, Large Enterprises), By Deployment Model (On-Premises, Cloud), By Industry Vertical (BFSI, IT & Telecom, Healthcare, Retail & Consumer Goods, Government) & Forecast, 2023 - 2032
Published Date: March - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationEnterprise Firewall Market Size
Enterprise Firewall Market was worth USD 9.9 billion in 2022 and is projected to achieve a CAGR of more than 9.5% from 2023 to 2032. The extensive use of cloud services has revolutionized the enterprise sector, calling for stringent security protocols. As companies shift their operations to cloud environments, the need for firewall solutions that can protect these virtualized networks is increasing.
To obtain the most important market trends
Download Sample Ask for Discount Request Customization
Business firewall solutions serve as a front-line protection mechanism against network breaches by scanning, analyzing, and managing incoming & outgoing traffic. They use sophisticated algorithms and rule sets to identify & block malicious traffic, stopping unauthorized access, malware, and cyber attacks. With cyber attacks becoming more advanced, the databases of these solutions are regularly updated to remain one step ahead. The efficacy of enterprise firewall solutions in avoiding breaches creates corporate confidence, driving innovations in the market as companies invest in strong cybersecurity practices.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Enterprise Firewall Market Size in 2022 | USD 9.9 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 9.5% |
| 2032 Value Projection | USD 24.6 Billion |
| Historical Data for | 2018 - 2022 |
| No. of Pages | 250 |
| Tables, Charts & Figures | 334 |
| Segments covered | Solution, enterprise size, deployment model, industry vertical |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Download Sample Ask for Discount Request Customization
Security considerations typically conflict with privacy considerations, especially the analysis of encrypted traffic. Balancing strong cybersecurity, which is usually accompanied by deep packet inspection, with privacy needs is challenging. Finding a proper balance to provide adequate security measures without infringing on user privacy can result in firewall complexity. Mitigating these challenges effectively is essential to earn user trust and compliance with regulations, thus impacting the growth of the market.
COVID-19 Impact
The pandemic of COVID-19 strongly reinforced the enterprise firewall market. The sudden transition to remote work encouraged companies to maximize their cybersecurity measures to protect critical information. Growing dependence on cloud-based services and online collaboration applications increased the demand for high-performing firewalls. Organizations, focusing on safe remote access, invested significantly in high-end firewalls, fuelling market expansion. This growing demand highlighted the critical importance of firewalls in maintaining network security in unprecedented times, creating a positive market sentiment.
Enterprise Firewall Market Trends
Growing use of security firewalls in small & medium businesses is a key driver increasing the demand for enterprise firewall. Small & medium businesses are realizing the critical importance of strong cybersecurity in safeguarding their networks and data. For example, in October 2023, Zyxel Networks launched the USG FLEX H Series of Security Firewalls specifically designed for Small & Medium-sized Businesses (SMBs). These firewalls provide ultra-fast firewall or VPN throughput, strong multi-gigabit & PoE+ interfaces, and high-end best-of-breed network security.
The rise of remote work is a key driver of the enterprise firewall market growth. As more workers are working from home, corporations are investing in sophisticated firewall technologies to safeguard their networks and confidential data. Secure communication and defending remote access points are of prime concern now. Businesses are aggressively deploying firewalls to create strong virtual perimeters, protecting against cyber attacks. This movement is driving demand for scalable and innovative firewall technologies, driving market growth.
Enterprise Firewall Market Analysis
Find out more about the most important segments driving this market
Growth is anticipated for the large enterprise segment based on enterprise size. Partnerships that are enhancing speed without compromising on strong security are fueling segment growth. For example, in March 2022, Palo Alto Networks partnered with AWS to announce the Palo Alto Networks Cloud NGFW for AWS. This managed Next-generation Firewall (NGFW) solution is designed to simplify AWS deployment security, enabling organizations to drive innovations at a faster rate while having top-level security controls in place. Such partnerships allow for the use of sophisticated firewall systems, protecting against cyber threats while enabling big businesses to improve their operations and drive innovations at a faster pace.
Discover more about the main segments influencing this market
By industry vertical, the BFSI segment held a market share of approximately 25% in 2022. Protection of sensitive customer information, financial data, and transaction information is driving the use of enterprise firewall solutions in the BFSI industry. With strict data protection laws and increasing sophistication of cyber attacks, strong firewall systems are a must. They create secure perimeters, providing encrypted transmission, secure online transactions, and regulatory compliance.
Seeking regional specific information?
Download Sample Ask for Discount Request Customization
Enterprise firewall market of North America accounted for 39% of revenue share in the year 2022. Rich technology infrastructure within the region triggers innovations in firewalls. Technical advancements in Artificial Intelligence (AI), Machine Learning (ML), and deep packet inspection methods aid next-generation firewalls to spot & counter elaborate cyber threats in an effective way. Given an emphasis on leading-edge technologies, North American companies increasingly invest in sophisticated firewall systems to remain in front of advancing cybersecurity threats, thus propelling the regional market growth.
Enterprise Firewall Market Share
Major players operating in the enterprise firewall industry are
- Check Point Software Technologies Ltd.
- Cisco Systems, Inc.
- Forcepoint
- Fortinet, Inc.
- Huawei Technologies Co., Ltd.
- Juniper Networks, Inc.
- Palo Alto Networks, Inc
- Sophos
- WatchGuard Technologies, Inc.
Palo Alto Networks Inc., and Check Point Software Technologies Ltd. hold a prominent market share in enterprise firewall. The competitive industry landscape is intense, with dominating players continually innovating to offer advanced features, superior performance, and comprehensive cybersecurity solutions for businesses.
Enterprise Firewall Industry News
- In August 2023, Enterprise IT Security, a renowned cybersecurity solutions provider, introduced Firewall Migration to the Next-generation Firewall (NGFW) Service. This service marks a substantial leap in network security, empowering businesses to bolster their defenses against contemporary cyber threats effectively.
This enterprise firewall market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments
Click here to Buy Section of this Report
By Solution
- Hardware
- Software
By Enterprise Size
- SMEs
- Large Enterprises
By Deployment Model
- On-premises
- Cloud
By Industry Vertical
- BFSI
- IT & Telecom
- Healthcare
- Retail and Consumer Goods
- Government
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Nordics
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Southeast Asia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- South Africa
- UAE
- Saudi Arabia
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy