Virtual Firewall Market Report: Trends, Forecast and Competitive Analysis to 2030

Virtual Firewall Market Report: Trends, Forecast and Competitive Analysis to 2030

Virtual Firewall Trends and Forecast

The future of the global virtual firewall market looks promising with opportunities in the BFSI, IT and telecom, retail, government and public utility, education, and healthcare markets. The global virtual firewall market is expected to reach an estimated $3.0 billion by 2030 with a CAGR of 12.6% from 2024 to 2030. The major drivers for this market are increasing adoption of cloud computing and virtualization, rising need for improved security agility and scalability, as well as, growing frequency and sophistication of cyberattacks, making it essential for businesses to have robust security measures in place.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Virtual Firewall by Segment

The study includes a forecast for the global virtual firewall by type, application, and region.

Virtual Firewall Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Hypervisor-Mode
• Bridge-Mode

Virtual Firewall Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• BFSI
• IT and Telecom
• Retail
• Government and Public Utilities
• Education
• Healthcare
• Others

Virtual Firewall Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Virtual Firewall Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies virtual firewall companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the virtual firewall companies profiled in this report include-

• Palo Alto Networks
• Fortinet, Cisco Systems
• Check Point Software Technologies
• Sonicwall
• Amazon Web Services
• Microsoft
• Clavister
• Juniper Networks
• Quick Heal Technologies
• Trend Micro

Virtual Firewall Market Insights

Lucintel forecasts that hypervisor-mode will remain the larger segment over the forecast period due to it's deep integration with the virtualized environment.

Within this market, BFSI will remain the largest segment because the BFSI institutions handle an immense amount of sensitive data, including financial records, personally identifiable information, and intellectual property.

North America will remain the largest region over the forecast period because the region boasts a well-established and sophisticated it infrastructure, making it receptive to advanced security solutions like virtual firewalls.

Features of the Global Virtual Firewall Market

Market Size Estimates: Virtual firewall market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Virtual firewall market size by type, application, and region in terms of value ($B).

Regional Analysis: Virtual firewall market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the virtual firewall market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the virtual firewall market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the virtual firewall market size?

Answer: The global virtual firewall market is expected to reach an estimated $3 billion by 2030.

Q2. What is the growth forecast for virtual firewall market?

Answer: The global virtual firewall market is expected to grow with a CAGR of 12.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the virtual firewall market?

Answer: The major drivers for this market are increasing adoption of cloud computing and virtualization, rising need for improved security agility and scalability, as well as, growing frequency and sophistication of cyberattacks, making it essential for businesses to have robust security measures in place.

Q4. What are the major segments for virtual firewall market?

Answer: The future of the global virtual firewall market looks promising with opportunities in the BFSI, IT and telecom, retail, government and public utility, education, and healthcare markets.

Q5. Who are the key virtual firewall market companies?

Answer: Some of the key virtual firewall companies are as follows:

• Palo Alto Networks
• Fortinet, Cisco Systems
• Check Point Software Technologies
• Sonicwall
• Amazon Web Services
• Microsoft
• Clavister
• Juniper Networks
• Quick Heal Technologies
• Trend Micro

Q6. Which virtual firewall market segment will be the largest in future?

Answer: Lucintel forecasts that hypervisor-mode will remain the larger segment over the forecast period due to it's deep integration with the virtualized environment.

Q7. In virtual firewall market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period because the region boasts a well-established and sophisticated it infrastructure, making it receptive to advanced security solutions like virtual firewalls.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the virtual firewall market by type (hypervisor-mode and bridge-mode), application (BFSI, IT and telecom, retail, government and public utilities, education, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?Please note: It will take 2-3 business days to deliver the report upon receipt the order.