Enterprise Network Firewall Market Overview
As per MRFR analysis, the enterprise network firewall market size was estimated at 16.38 (USD Billion) in 2022. The enterprise network firewall market industry is expected to grow from 17.38 (USD Billion) in 2023 to 29.7 (USD Billion) by 2032. The enterprise network firewall market CAGR (growth rate) is expected to be around 6.13% during the forecast period (2024-2032).
Key Enterprise Network Firewall Market Trends Highlighted
The Enterprise Network Firewall Market is experiencing several key trends that are shaping its landscape and driving growth. Cloud-based firewalls, which offer scalability and cost-effectiveness, are gaining popularity. The integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) is enhancing the capabilities of firewalls, enabling them to detect and prevent sophisticated cyber threats more effectively.
Key market drivers include the increasing number of cyber threats and data breaches, the adoption of cloud services and remote work environments, and the need for compliance with regulatory mandates. Opportunities for vendors lie in addressing the security concerns of organizations undergoing digital transformation initiatives and exploring new markets such as IoT and industrial automation.
Recent trends in the market include the adoption of Zero Trust Network Access (ZTNA) principles, which focus on least-privilege access and continuous authentication. The convergence of network and security functions through Secure Access Service Edge (SASE) solutions is also becoming prevalent. Additionally, the integration of firewall solutions with other security tools such as intrusion detection systems (IDS) and virtual private networks (VPNs) is driving market growth by providing comprehensive security protection.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Enterprise Network Firewall Market Drivers
Rising Adoption of Cloud and Edge Computing
The increasing adoption of cloud and edge computing has resulted in growing market needs for adequate network security solutions to protect data and applications in the cloud and at the edge. Enterprise network firewalls provide a comprehensive approach to cloud and edge network security, enforcing and/ or ensuring the enforcement of security policies, detecting and/or blocking known and unknown threats, and monitoring and/ or analyzing network activity.
As the use of cloud and edge computing continued to grow, the market needs for enterprise network firewalls expanded as well. According to The Five-Year ASIC Application Forecast Report 2018 Atlas, the market for cloud security is expected to be $6.2 billion by 2023, up from $3.5 billion in 2018.
The market for edge computing is anticipated to be $25.1 billion by 2024, up from $1.7 billion in 2016, according to KBV Research. The rising adoption of cloud and edge computing is a critical market driver for the enterprise network firewall market.
Increasing Threat Landscape
The evolving threat landscape, which is indicated by the increasing cyber-attacks, data breaches, and other calamities, has compelled all organizations to have a comprehensive and robust security infrastructure. Malware, ransomware, phishing attacks, DDoS attacks, and other malicious activities are some of the threats that are faced by firewalls on enterprise networks all the time.
This threat is efficiently managed because of the security features of the enterprise network firewalls system such as intrusion detection and prevention systems, content filtering, and application control. Therefore, the increasing threat landscape will be a key market driver to the enterprise network firewall market.
Growing Regulatory Compliance Requirements
Stringent regulatory compliance requirements, such as the General Data Protection Regulation (GDPR), Payment Card Industry Data Security Standard (PCI DSS), and Health Insurance Portability and Accountability Act (HIPAA), mandate organizations to implement robust security measures to protect sensitive data. Enterprise network firewalls assist organizations in meeting these compliance requirements by providing features such as data encryption, access control, and audit trails.
By ensuring compliance with industry regulations, enterprise network firewalls help organizations avoid penalties and reputational damage, making regulatory compliance a significant market driver for the enterprise network firewall market.
Enterprise Network Firewall Market Segment Insights
Enterprise Network Firewall Market Deployment Model Insights
Based on deployment model, the enterprise network firewall market is segmented into cloud-based, on-premises, and hybrid. With the highest market share over the years, the cloud-based segment is predicted to remain the leader in the future.
The major factor contributing to the segment’s growth is the rising adoption of cloud-based security solutions among enterprises that strive to strengthen their security position and reduce associated operational costs. Cloud-based firewalls offer many benefits, such as ease of management, scalability, and flexibility, which make them attractive for organizations of all sizes.
The on-premises segment is projected to demonstrate relatively lower growth rates during the forecast period. Generally, this deployment model provides organizations with more control and opportunities for customization, which is suitable for enterprises with strict security requirements and those prioritizing their infrastructure.
The hybrid segment is expected to exhibit the highest growth levels in the future. Hybrid firewalls combine the benefits of the two other deployment models, providing enterprises with the opportunity to create a customized security solution that best fits their specific needs. With hybrid firewalls, companies can increase the scale of cloud-based solutions along with the expansion of their operations while keeping the most sensitive data and applications on-premises.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Enterprise Network Firewall Market Organization Size Insights
By organization size, the enterprise network firewall market is segmented into small and medium enterprises and large enterprises. The large enterprises hold a dominant share and are expected to have a dominant share in the coming years.
This is because of the need for implementing strong protection on their network to safeguard their critical data and properties with the growing number of cybercrimes and attacks over the past years. The growth usage of cloud-based services and the increasing number of devices connected to the enterprise network are boosting the growth and demand for the firewalls in the large enterprises.
However, the small and medium enterprises are expected to witness a high growth in the forecast period because of the increasing awareness of cybercrime and other threats in cyber security and the budget friendly huge cost for the firewalls.
Enterprise Network Firewall Market Insights
The enterprise network firewall market is segmented into various industries, including Information technology, financial services, manufacturing, retail, and healthcare. These industries have unique requirements and challenges when it comes to network security, driving the demand for enterprise network firewalls.
The information technology industry is expected to hold a significant share of the enterprise network firewall market in 2024, owing to the increasing adoption of cloud computing, virtualization, and software-defined networking (SDN). Financial services is another key industry segment, with banks and financial institutions investing heavily in network security to protect sensitive financial data.
Manufacturing and retail industries are also witnessing growing demand for enterprise network firewalls due to the need to secure industrial control systems and protect customer data, respectively. The Healthcare industry is expected to show steady growth in the Enterprise Network Firewall Market, driven by the adoption of electronic health records (EHRs) and the need to comply with healthcare regulations.
Enterprise Network Firewall Market Firewall Type Insights
In 2023, the next-generation firewall (NGFW) segment held the largest market share, accounting for approximately 45% of the market revenue. NGFWs offer advanced features such as intrusion detection and prevention, application control, and threat intelligence, making them a popular choice for enterprises seeking comprehensive network protection.
The unified threat management (UTM) segment is expected to witness significant growth in the coming years, owing to its ability to consolidate multiple security functions into a single device. UTMs provide a cost-effective and efficient solution for enterprises with limited IT resources.
The cloud-based firewall segment is also gaining traction as enterprises increasingly adopt cloud-based services. Cloud-based firewalls offer scalability, flexibility, and reduced hardware costs, making them an attractive option for enterprises of all sizes.
Enterprise Network Firewall Market Security Features Insights
The enterprise network firewall market is segmented by security features into intrusion detection and prevention, web filtering, anti-malware, virtual private network (VPN), and distributed denial of service (DDoS) protection.
The intrusion detection and prevention segment held the largest market share in 2023, accounting for over 30% of the market revenue. The web filtering segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing adoption of cloud-based web filtering solutions. The anti-malware segment is also expected to witness significant growth, driven by the rising number of malware attacks.
The VPN segment is expected to grow steadily, driven by the increasing demand for secure remote access solutions. The DDoS protection segment is expected to witness moderate growth, driven by the increasing frequency and severity of DDoS attacks.
Enterprise Network Firewall Market Regional Insights
The regional segmentation offers insights into the diverse market dynamics across different regions. North America is expected to dominate the market, accounting for a significant share and continuing to grow steadily over the forecast period. The dominance can be attributed to the presence of prominent technology hubs, early adoption of advanced technologies, and stringent regulations driving the demand for enterprise network firewalls.
Europe is anticipated to hold a substantial share, supported by increasing digital transformation initiatives and robust IT infrastructure. Additionally, the growing adoption of cloud-based security solutions is expected to fuel the market growth in the region. Asia Pacific is poised to witness significant growth, driven by the rapidly expanding IT and telecom sectors and government initiatives promoting digitalization.
South America and MEA are expected to contribute a smaller yet growing share to the overall market, with increasing awareness and adoption of enterprise network firewalls to protect critical infrastructure and sensitive data.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Enterprise Network Firewall Market Key Players and Competitive Insights
Major players in the enterprise network firewall market are constantly innovating and developing new products to stay ahead of the competition. Leading market players are also focusing on expanding their presence and establishing strategic partnerships with other companies. The market is highly competitive, with several major players vying for market share. Some of the leading players include Cisco, Palo Alto Networks, Check Point Software Technologies, Fortinet, and Juniper Networks.
These companies offer a wide range of enterprise network firewall services, and they are constantly innovating to stay ahead of the competition. The Enterprise Network Firewall Market is expected to grow significantly in the coming years, as more and more businesses adopt cloud-based and mobile technologies.
Cisco is a leading provider of enterprise network firewall services. The company offers a wide range of firewall appliances, software, and cloud-based services that can be tailored to meet the needs of any business. Cisco's firewalls are known for their high performance, reliability, and security. The company also offers several managed security services that can help businesses to protect their networks from threats.
Palo Alto Networks is another leading provider. The company's firewalls are known for their ability to detect and block threats that traditional firewalls cannot. Palo Alto Networks also offers several cloud-based security services that can help businesses to protect their networks from threats.
Key Companies in the Enterprise Network Firewall Market Include
Enterprise Network Firewall Market Developments
The enterprise network firewall (ENFW) market is projected to grow from an estimated USD 17.38 billion in 2023 to USD 29.7 billion by 2032, exhibiting a CAGR of 6.13% during the forecast period (2024-2032). The rising adoption of cloud and IoT devices, increasing cyber threats, and stringent data privacy regulations are driving market growth.
Recent industry developments include:
-
In January 2023, Palo Alto Networks announced the acquisition of Zingbox, a cloud-native secure access service edge (SASE) provider, to enhance its SASE offerings.
-
In February 2023, Fortinet launched FortiWeb Cloud WAF-as-a-Service to provide advanced web application protection in a cloud-delivered model.
-
In March 2023, Check Point Software Technologies introduced the Quantum Spark R81 security gateway, offering enhanced threat prevention capabilities and improved performance.
These developments indicate the ongoing innovation and competitive landscape in the ENFW market, driven by the evolving cybersecurity landscape and customer demand for comprehensive protection solutions.
Enterprise Network Firewall Market Segmentation Insights
Enterprise Network Firewall Market Deployment Model Outlook
-
Cloud-based
-
On-premises
-
Hybrid
Enterprise Network Firewall Market Organization Size Outlook
Enterprise Network Firewall Market Outlook
-
Information Technology
-
Financial Services
-
Manufacturing
-
Retail
-
Healthcare
Enterprise Network Firewall Market Firewall Type Outlook
Enterprise Network Firewall Market Security Features Outlook
-
Intrusion Detection and Prevention
-
Web Filtering
-
Anti-malware
-
Virtual Private Network (VPN)
-
Distributed Denial of Service (DDoS) Protection
Enterprise Network Firewall Market Regional Outlook
-
North America
-
Europe
-
South America
-
Asia Pacific
-
Middle East and Africa
|
Report Attribute/Metric
|
Details
|
|
Market Size 2022
|
16.38 (USD Billion)
|
|
Market Size 2023
|
17.38 (USD Billion)
|
|
Market Size 2032
|
29.7 (USD Billion)
|
|
Compound Annual Growth Rate (CAGR)
|
6.13% (2024-2032)
|
|
Report Coverage
|
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
|
|
Base Year
|
2023
|
|
Market Forecast Period
|
2024-2032
|
|
Historical Data
|
2019-2023
|
|
Market Forecast Units
|
USD Billion
|
|
Key Companies Profiled
|
Barracuda Networks, Inc., Check Point Software Technologies, Palo Alto Networks, FireEye, Inc., Huawei Technologies, Juniper Networks, McAfee, LLC, WatchGuard Technologies, Symantec Corporation, Hillstone Networks, Trend Micro Incorporated, Cisco Systems, SonicWall, Fortinet, Sophos Group plc
|
|
Segments Covered
|
Deployment Model, Organization Size, Industry, Firewall Type, Security Features, Region
|
|
Key Market Opportunities
|
Cloud-based Solutions
Network Segmentation
IoT Security
5G Network Integration
Enhanced Threat Detection
|
|
Key Market Dynamics
|
Increasing Cyber Threats
Cloud Adoption
Network Complexity
BYOD
Regulatory Compliance
|
|
Countries Covered
|
North America, Europe, APAC, South America, MEA
|
Frequently Asked Questions (FAQ) :
In 2023, the enterprise network firewall market was valued at 17.38 billion U.S. dollars.
From 2024 to 2032, the enterprise network firewall market will register a CAGR of 6.13%.
North America is anticipated to command the largest market share, followed by Europe and Asia-Pacific.
Enterprise network firewalls are primarily deployed for network security, access control, and threat prevention.
Cisco, Palo Alto Networks, and Check Point Software Technologies are among the leading vendors in the market.
Rising cyber threats, increasing adoption of cloud and remote work, and regulatory compliance requirements are driving growth of the market.
Challenges include the evolving threat landscape, the need for continuous updates, and the integration of firewalls with other security solutions.
By 2032, the market is projected to reach approximately 29.7 billion U.S. dollars.
Industries such as BFSI, healthcare, and government are expected to be major drivers of demand for enterprise network firewalls.
Trends include the adoption of cloud-based firewalls, the integration of artificial intelligence, and the convergence of network and security functions.
