The Europe Enterprise Firewall Market size is estimated at USD 3.57 billion in 2024, and is expected to reach USD 6.32 billion by 2029, growing at a CAGR of 9.95% during the forecast period (2024-2029).
As the cybersecurity skills gap persists, enterprises in the coming years may seek firewalls as an optimal solution that is easier to manage and requires less specialized expertise for configuration and monitoring.
The Europe enterprise firewall market is expected to be moderately fragmented owing to the presence of global and local players. The players are actively engaging in partnerships and collaborations to enhance their solutions through combined expertise in the industry. Prominent players in the enterprise firewall market include Cisco Systems, Dell Inc., Palo Alto Networks, and Fortinet Inc.
In May 2023, Palo Alto Networks announced that as a fully managed Azure-native ISV service, the firm will deliver its ML-powered next-generation Firewall (NGFW) to Microsoft Azure. Cloud NGFW for Azure provides a complete security solution with advanced capabilities, including Advanced Threat Prevention, Advanced URL Filtering, WildFire, and DNS Security. Moreover, the firm mentioned that Cloud NGFW for Azure is made available in West Europe.
In February 2023, Sophos, a United Kingdom-based cybersecurity service provider, announced the expansion of its next-generation firewall portfolio with two new enterprise-grade XGS Series appliances. The new XGS 7500 and 8500 models may offer large enterprises and campus installations optimal performance and protection, expanding market prospects for the supporting channel partners.
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