The Firewall-as-a-Service Market size is estimated at USD 4.69 billion in 2024, and is expected to reach USD 2.19 billion by 2029, growing at a CAGR of 16.47% during the forecast period (2024-2029).
Cloud-based firewall services offer several benefits to organizations, including flexible scalability, secure access parity, security over migration, identity protection, and secure performance management. As a result, many organizations are implementing firewall-as-a-service to manage their data packets in the cloud network.
The Firewall-as-a-Service market is fragmented with the presence of major players like Barracuda Networks, Inc., Cato Networks, Check Point Software Technologies, Inc., Cisco Systems, Inc., and Forcepoint. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
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