Global Smart Firewall Market Analysis and Forecast 2023-2030
$2,800.00 – $5,440.00
Increasing adoption of cloud-based services and the rising need for advanced security solutions is expected to drive market growth
Market Introduction: Key Takeaways
The global smart firewall market is expected to reach a value of US$ 22 billion by 2030, growing at a CAGR of 11.30% during the forecast period 2023-2030. The increasing adoption of cloud-based services and the rising need for advanced security solutions are the major factors driving the growth of the global smart firewall market. A smart firewall is a network security device that monitors and controls incoming and outgoing network traffic based on predefined security rules.
The global smart firewall market has witnessed significant growth in recent years, primarily driven by the increasing number of cyber threats and the need for robust network security measures. Smart firewalls offer advanced features such as intrusion detection and prevention, deep packet inspection, and application-level filtering, making them indispensable for organizations across various industries.
Market Drivers and Trend Analysis
The increasing adoption of cloud-based services is one of the major factors driving the growth of the smart firewall market. Cloud-based services offer a number of benefits, such as scalability, flexibility, and cost-effectiveness. However, these services also pose a number of security risks, such as data breaches and unauthorized access. Smart firewalls can help to mitigate these risks by providing a number of security features, such as intrusion detection and prevention, application control, and data loss prevention.
The rising need for advanced security solutions is another major factor driving the growth of the smart firewall market. With the increasing sophistication of cyber threats, organizations are looking for more advanced security solutions to protect their data and systems. Smart firewalls offer a number of advanced security features, such as artificial intelligence (AI) and machine learning (ML), which can help to detect and prevent even the most sophisticated cyber threats.
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Key Segmental Analysis
By Type: The global smart firewall market is segmented into hardware firewalls, software firewalls, and cloud-based firewalls. Hardware firewalls are the most popular type of smart firewall, as they offer a high level of security and performance. Software firewalls are a less expensive option, but they offer a lower level of security and performance. Cloud-based firewalls are the most recent type of smart firewall, and they offer a number of advantages, such as scalability, flexibility, and cost-effectiveness.
By Service: The global smart firewall market is segmented into managed services and professional services. Managed services are subscription-based service that provides organizations with 24/7 support and maintenance for their smart firewalls. Professional services are a one-time service that provides organizations with assistance with the deployment, configuration, and optimization of their smart firewalls.
End-user: The global smart firewall market is segmented into small and medium-sized businesses (SMBs) and large enterprises. SMBs are the largest end-user segment for smart firewalls, as they are looking for a cost-effective way to protect their networks. Large enterprises are also a major end-user segment for smart firewalls, as they need a high level of security and performance to protect their critical data and systems.
Global and Regional Market Analysis – Based on Market Intelligence
The global smart firewall market is segmented by region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to be the largest market for smart firewalls during the forecast period. This is due to the high adoption of cloud-based services and the increasing need for advanced security solutions in the region. Europe is also expected to be a major market for smart firewalls, followed by Asia Pacific.
Competition Overview: Market Structure and Leading Players
The global smart firewall market is highly competitive, with several leading market players operating in the industry. Some of the prominent market players in the global smart firewall market include, Cisco Systems, Inc., Fortinet, Inc., Palo Alto Networks, Inc., Check Point Software Technologies Ltd., Juniper Networks, Inc., SonicWall Inc., Barracuda Networks, Inc., Sophos Ltd., Huawei Technologies Co., Ltd., WatchGuard Technologies, Inc. among others.
These companies are focused on product innovation, strategic partnerships, and expansion into new markets to gain a competitive edge. Additionally, the global smart firewall market is characterized by the presence of several small and medium-sized players offering specialized products and services.
Key Market Segmentation: Global Smart Firewall Market
Rationalstat has segmented the global smart firewall market on the basis of test type, region, end user.
- By Component
- Solutions/Software
- Cloud-based Firewall
- Virtual Firewall
- Hardware Firewall
- Services
- Professional Services
- Deployment and Integration
- Consulting
- Support and Maintenance
- Managed Services
- Professional Services
- Solutions/Software
- By Business Function
- Next-generation Firewalls (NGFWs)
- Intrusion Prevention Systems (IPSs)
- Application Firewalls (AppFWs)
- By Application
- Standalone Devices
- Add-ons
- By Organization Size
- Large Enterprises
- Small and Medium Enterprises (SMEs)
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Chile
- Peru
- Argentina
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic Countries
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Hungary
- Czech Republic
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Thailand, Philippines, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Egypt
- Sub-saharan
- Rest of the Middle East & Africa
- North America
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Primary Intelligence
- RationalStat utilizes surveys, questionnaires, focus groups, and one-to-one interviews with CXOs, industry partners, trade bodies, association members, ex-employees, and industry professionals to collect insights and quantitative/qualitative data specific to client needs. RationalStat quickly gets to the ‘why’ behind the ‘what’ demonstrated by secondary data.
- RationalStat takes a unique approach to arrive at market conclusions and actionable insights for clients.
- We have the technology and strong in-house resource pool with extensive experience in the global and regional markets, across a wide variety of categories and stakeholders.
- Strong language proficiency and capability with coverage across more than 70 language areas.
Secondary Sources
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs
Why Buy this Report?
The report is intended for service providers, manufacturers, industry stakeholders, government organizations, marketing departments, R&D professionals, insurance organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the global smart firewall market thoroughly delivering insights to clients to find the right answers to their business questions.
| ADDITIONAL FEATURE | 24×7 Post sales support and 15% free customization |
|---|---|
| REGION | Global |
| RELEASE YEAR | 2023 |
| RESEARCH CODE | RST-SAR-1801 |
| User License | Single User/Team License, Corporate License |
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.1.1. Global Population Overview and Forecast
6.1.2. Overall GDP by Countries
6.1.3. GDP per Capita by Countries
6.1.4. Global Internet User by Countries
6.1.5. Per Capita Income by Select Countries
6.1.6. Consumer Spending on ICT by Countries
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, and economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws and Industry Regulations
8. Global Digitalization Outlook: Key Takeaways
8.1. Global Digital Trends
8.1.1. Mobile Market Development
8.1.2. Satellite Broadband Development
8.1.3. Fixed-Broadband Market
8.1.4. Internet Access
8.1.5. ICT Price Trends
8.1.6. Telecommunication Revenue and Investment
8.1.7. Developments in Cybersecurity
8.1.8. ICT Infrastructure Development and Integrated Technologies
8.1.9. Digital Service Trends
8.2. Global Digital Transformation: Key Areas
8.2.1. Citizen-centric Digital Services
8.2.2. Cyber Resilience
8.2.3. Governance Strategies
8.2.4. AI Adoption and Innovation
8.2.5. Digital Currencies
8.2.6. Metaverse
8.2.7. Global Robotics Industry
8.2.8. IoT Applications
8.2.9. Cloud Computing
9. Global Cloud and AI Market
10. Global IT Security Spending by Key Sectors: in Value Terms (US$ Million)
10.1.IT & Telecom (including VoIP Industry)
10.2.Government & Defense
10.3.Oil & Gas
10.4.Banking, Financial Services & Insurance (BFSI)
10.5.Travel & Hospitality
10.6.Consumer Goods & Retail
10.7.Healthcare
10.8.Manufacturing & Automotive
10.9.Media and Entertainment
10.10. Transportation & Logistics
10.11. Other Sectors (Security & Surveillance, Education, etc.)
11. Global and Regional Market Dynamics
11.1.Drivers
11.2.Restraints
11.3.Trends
11.4.Opportunities
12. Global Smart Firewall Market: Key Investment Analysis
12.1.By Leading Firewall Providers
12.2.By Leading Countries
12.3.By Deployment Mode
12.4.M&A Activities
Robust assessment of major investments made by various industry players in the areas ranging from the application, technology, key end users, etc.
13. Pricing Analysis
13.1.By Component
13.1.1. Solutions/Software
13.1.1.1. Cloud-based Firewall
13.1.1.2. Virtual Firewall
13.1.1.3. Hardware Firewall
13.1.2. Services
13.1.2.1. Professional Services
13.1.2.1.1. Deployment and Integration
13.1.2.1.2. Consulting
13.1.2.1.3. Support and Maintenance
13.1.2.2. Managed Services
13.2.By Business Function
13.2.1. Next-generation Firewalls (NGFWs)
13.2.2. Intrusion Prevention Systems (IPSs)
13.2.3. Application Firewalls (AppFWs)
14. Parent Market Overview:
14.1.Global Information & Communication Technology (ICT) Market Overview
14.2.Global Cybersecurity Market Outlook
Comprehensive assessment of the global ICT and cybersecurity market which will include the market overview, trends, and analysis throughout the forecast period.
15. Segmental Analysis
15.1.Global Smart Firewall Market by Component in terms of Value (US$ Million)
15.1.1. Segment Overview
15.1.1.1. Solutions/Software
15.1.1.1.1. Cloud-based Firewall
15.1.1.1.2. Virtual Firewall
15.1.1.1.3. Hardware Firewall
15.1.1.2. Services
15.1.1.2.1. Professional Services
15.1.1.2.1.1. Deployment and Integration
15.1.1.2.1.2. Consulting
15.1.1.2.1.3. Support and Maintenance
15.1.1.2.2. Managed Services
15.2.Global Smart Firewall Market by Business Function in terms of Value (US$ Million)
15.2.1. Segment Overview
15.2.1.1. Next-generation Firewalls (NGFWs)
15.2.1.2. Intrusion Prevention Systems (IPSs)
15.2.1.3. Application Firewalls (AppFWs)
15.3.Global Smart Firewall Market by Application in terms of Value (US$ Million)
15.3.1. Segment Overview
15.3.1.1. Standalone Devices
15.3.1.2. Add-ons
15.4.Global Smart Firewall Market by Organization Size in terms of Value (US$ Million)
15.4.1. Segment Overview
15.4.1.1. Large Enterprises
15.4.1.2. Small and Medium Enterprises (SMEs)
15.5.Global Smart Firewall Market by End User in terms of Value (US$ Million)
15.5.1. Segment Overview
15.5.1.1. IT & Telecom (including VoIP Industry)
15.5.1.2. Government & Defense
15.5.1.3. Oil & Gas
15.5.1.4. Banking, Financial Services & Insurance (BFSI)
15.5.1.5. Travel & Hospitality
15.5.1.6. Consumer Goods & Retail
15.5.1.7. Healthcare
15.5.1.8. Manufacturing & Automotive
15.5.1.9. Media and Entertainment
15.5.1.10. Transportation & Logistics
15.5.1.11. Other Sectors (Security & Surveillance, Education, etc.)
15.6.Global Smart Firewall Market by Region in terms of Value (US$ Million)
15.6.1. North America
15.6.2. Latin America
15.6.3. Western Europe
15.6.4. Eastern Europe
15.6.5. Asia Pacific
15.6.6. Middle East & Africa
16. Regional Analysis
16.1.North America Smart Firewall Market Analysis and Forecast 2019-2028
16.1.1. Regional Market Overview and Key Takeaways
16.1.2. North America Smart Firewall Market by Component
16.1.3. North America Smart Firewall Market by Business Function
16.1.4. North America Smart Firewall Market by Application
16.1.5. North America Smart Firewall Market by Organization
16.1.6. North America Smart Firewall Market by End User
16.1.7. North America Smart Firewall Market by Country
16.1.7.1. US
16.2.Latin America Smart Firewall Market Analysis and Forecast 2019-2028
16.2.1. Regional Market Overview and Key Takeaways
16.2.2. Latin America Smart Firewall Market by Component
16.2.3. Latin America Smart Firewall Market by Business Function
16.2.4. Latin America Smart Firewall Market by Application
16.2.5. Latin America Smart Firewall Market by Organization
16.2.6. Latin America Smart Firewall Market by End User
16.2.7. Latin America Smart Firewall Market by Country
16.2.7.1. Brazil
16.2.7.2. Mexico
16.2.7.3. Rest of Latin America
16.3.Western Europe Smart Firewall Market Analysis and Forecast 2019-2028
16.3.1. Regional Market Overview and Key Takeaways
16.3.2. Western Europe Smart Firewall Market by Component
16.3.3. Western Europe Smart Firewall Market by Business Function
16.3.4. Western Europe Smart Firewall Market by Application
16.3.5. Western Europe Smart Firewall Market by Organization
16.3.6. Western Europe Smart Firewall Market by End User
16.3.7. Western Europe Smart Firewall Market by Country
16.3.7.1. Germany
16.3.7.2. UK
16.3.7.3. France
16.3.7.4. Spain
16.3.7.5. Italy
16.3.7.6. Benelux
16.3.7.7. Nordic
16.3.7.8. Rest of Western Europe
16.4.Eastern Europe Smart Firewall Market Analysis and Forecast 2019-2028
16.4.1. Regional Market Overview and Key Takeaways
16.4.2. Eastern Europe Smart Firewall Market by Component
16.4.3. Eastern Europe Smart Firewall Market by Business Function
16.4.4. Eastern Europe Smart Firewall Market by Application
16.4.5. Eastern Europe Smart Firewall Market by Organization
16.4.6. Eastern Europe Smart Firewall Market by End User
16.4.7. Eastern Europe Smart Firewall Market by Country
16.4.7.1. Russia
16.4.7.2. Poland
16.4.7.3. Rest of Eastern Europe
16.5.Asia Pacific Smart Firewall Market Analysis and Forecast 2019-2028
16.5.1. Regional Market Overview and Key Takeaways
16.5.2. Asia Pacific Smart Firewall Market by Component
16.5.3. Asia Pacific Smart Firewall Market by Business Function
16.5.4. Asia Pacific Smart Firewall Market by Application
16.5.5. Asia Pacific Smart Firewall Market by Organization
16.5.6. Asia Pacific Smart Firewall Market by End User
16.5.7. Asia Pacific Smart Firewall Market by Country
16.5.7.1. China
16.5.7.2. Japan
16.5.7.3. India
16.5.7.4. South Korea
16.5.7.5. Australia
16.5.7.6. ASEAN
16.5.7.7. Rest of Asia-Pacific
16.6.Middle East & Africa Smart Firewall Market Analysis and Forecast 2019-2028
16.6.1. Regional Market Overview and Key Takeaways
16.6.2. Middle East & Africa Smart Firewall Market by Component
16.6.3. Middle East & Africa Smart Firewall Market by Business Function
16.6.4. Middle East & Africa Smart Firewall Market by Application
16.6.5. Middle East & Africa Smart Firewall Market by Organization
16.6.6. Middle East & Africa Smart Firewall Market by End User
16.6.7. Middle East & Africa Smart Firewall Market by Country
16.6.7.1. GCC
16.6.7.2. South Africa
16.6.7.3. Turkey
16.6.7.4. Rest of the Middle East & Africa
17. Competitive Landscape
17.1.Competition Dashboard
17.1.1. Market Share Analysis by Key Companies/Brands
17.1.2. Market Structure by Geography
17.2.Competitive Benchmarking
17.3.Key Strategy Analysis
17.4.Company Profiles
17.4.1. Palo Alto Networks
17.4.1.1. Company Overview
17.4.1.2. Product/Service Offerings
17.4.1.3. Financials
17.4.1.4. Recent Developments
17.4.2. Huawei Technologies Co. Ltd.
17.4.2.1. Company Overview
17.4.2.2. Product/Service Offerings
17.4.2.3. Financials
17.4.2.4. Recent Developments
17.4.3. Dell Inc.
17.4.3.1. Company Overview
17.4.3.2. Product/Service Offerings
17.4.3.3. Financials
17.4.3.4. Recent Developments
17.4.4. Juniper Networks Inc.
17.4.4.1. Company Overview
17.4.4.2. Product/Service Offerings
17.4.4.3. Financials
17.4.4.4. Recent Developments
17.4.5. Cellusys Limited
17.4.5.1. Company Overview
17.4.5.2. Product/Service Offerings
17.4.5.3. Financials
17.4.5.4. Recent Developments
17.4.6. Openmind Networks
17.4.6.1. Company Overview
17.4.6.2. Product/Service Offerings
17.4.6.3. Financials
17.4.6.4. Recent Developments
17.4.7. Route Mobile Limited
17.4.7.1. Company Overview
17.4.7.2. Product/Service Offerings
17.4.7.3. Financials
17.4.7.4. Recent Developments
17.4.8. Nebero Systems Private Limited
17.4.8.1. Company Overview
17.4.8.2. Product/Service Offerings
17.4.8.3. Financials
17.4.8.4. Recent Developments
17.4.9. Protectstar Inc.
17.4.9.1. Company Overview
17.4.9.2. Product/Service Offerings
17.4.9.3. Financials
17.4.9.4. Recent Developments
17.4.10. Akamai Technologies
17.4.10.1. Company Overview
17.4.10.2. Product/Service Offerings
17.4.10.3. Financials
17.4.10.4. Recent Developments
17.4.11. Forcepoint
17.4.11.1. Company Overview
17.4.11.2. Product/Service Offerings
17.4.11.3. Financials
17.4.11.4. Recent Developments
17.4.12. Barracuda Networks
17.4.12.1. Company Overview
17.4.12.2. Product/Service Offerings
17.4.12.3. Financials
17.4.12.4. Recent Developments
17.4.13. Cisco Systems Inc.
17.4.13.1. Company Overview
17.4.13.2. Product/Service Offerings
17.4.13.3. Financials
17.4.13.4. Recent Developments
17.4.14. IBM Corp.
17.4.14.1. Company Overview
17.4.14.2. Product/Service Offerings
17.4.14.3. Financials
17.4.14.4. Recent Developments
17.4.15. Check Point Software Technologies Ltd.
17.4.15.1. Company Overview
17.4.15.2. Product/Service Offerings
17.4.15.3. Financials
17.4.15.4. Recent Developments
A comprehensive list of smart firewall providers will be provided along with geographical reach, employee count, revenue, and their capabilities
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Research Methodology
Complete Table of Contents, List of Charts and Tables
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