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Enterprise Firewall Market Size to Reach $25 Billion, Globally, by 2033 at 8% CAGR: Allied Market Research

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Allied Market Research

10 Mar, 2025, 11:00 GMT

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Rising demand for advanced threat protection in enterprise firewall market is expected to provide lucrative opportunity for the growth of the market during the forecast period.

WILMINGTON, Del., March 10, 2025 /PRNewswire/ -- Allied Market Research published a report, titled, "Enterprise Firewall Market by Offering (Hardware, Software, Service), by Deployment Mode (On-premises, Cloud), by Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), by Application (BFSI, IT and Telecom, Healthcare, Retail and E-Commerce, Government, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the 'enterprise firewall market' was valued at $11.3 billion in 2023, and is estimated to reach $25 billion by 2033, growing at a CAGR of 8% from 2024 to 2033.

The enterprise firewall market is expected to witness notable growth owing to increase in adoption of network security services, rise in adoption of cloud-based solutions and incorporation of AI and ML algorithms. On the contrary, high costs of integration and lack of skilled expertise in enterprise firewall limits the growth of the enterprise firewall market.

Request Sample Pages: https://www.alliedmarketresearch.com/request-sample/A118887

Report Coverage & Details:

Report Coverage

Details

Forecast Period

2024–2033

Base Year

2023

Market Size in 2023

$11.3 billion

Market Size in 2033

$25 billion

CAGR

8.00 %

Segments Covered

Offering, Deployment Mode, Enterprise Size, Application and Region.

Drivers

Increase in adoption of network security services


Rise in adoption of cloud-based solutions


Incorporation of AI and ML algorithms.

Opportunities

Rise in demand for advanced threat protection

Restraints

High costs of integration


Lack of skilled expertise in enterprise firewall

Buy this Complete Report (258 Pages PDF with Insights, Charts, Tables, and Figures) at:
https://www.alliedmarketresearch.com/enterprise-firewall-market/purchase-options

The hardware segment accounted for the largest share in 2023.

By offering, the hardware segment accounted for the largest share in 2023, contributing for more than two-fifths of the market revenue. Owing to rise in concerns regarding effective security solutions including data damage and personal information safety in several industries which has proliferated numerous opportunities for the hardware segment in the market.

The on-premises segment accounted for the largest share in 2023.

By deployment mode, the on-premises segment accounted for the largest share in 2023, contributing for more than three-fifths of the market revenue. Owing to large enterprises, government organizations, and financial institutions prioritize on-premises firewalls to maintain complete control over network security and prevent external breaches.

The large enterprises segment accounted for the largest share in 2023.

By enterprise size, the large enterprises segment accounted for the largest share in 2023, contributing for more than three-fifths of the market revenue. Large enterprises are prime targets for ransomware, DDoS attacks, and data breaches, driving the need for advanced firewall solutions with AI-powered threat detection.

The BFSI segment accounted for the largest share in 2023.

By application, the BFSI segment accounted for the largest share in 2023, contributing for more than one-third of the enterprise firewall industry revenue. The BFSI sector is a prime target for ransomware attacks, financial fraud, and phishing scams, driving the need for advanced next-generation firewalls (NGFWs) with AI-powered threat detection.

North America region to maintain its dominance by 2033.

By region, the North America segment held the highest market share in terms of revenue in 2023, contributing for more than one-third of the market revenue. North America faces frequent ransomware, phishing, and DDoS attacks, pushing enterprises to invest heavily in advanced firewall solutions with AI-driven threat detection and Zero Trust security.

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A118887

Leading Market Players: -

  • Array Networks
  • Sophos Group plc.
  • Palo Alto Networks
  • Fortinet Inc.
  • Juniper Networks Inc.
  • Check Point Software Technologies
  • WatchGuard Technologies Inc.
  • SonicWall Inc.
  • Cisco Systems Inc.
  • Barracuda Networks
  • Forcepoint
  • Hillstone Networks, Inc.
  • Sangfor Technologies Inc.
  • Huawei Technologies Co., Ltd.
  • Trend Micro, Inc.
  • AhnLab, Inc.
  • Zscaler, Inc.
  • Stormshield
  • McAfee Corp.
  • Arista Networks, Inc.

If you have any questions, please feel free to contact our analyst at:
https://www.alliedmarketresearch.com/connect-to-analyst/A118887

The report provides a detailed analysis of these key players in the enterprise firewall market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and 'Business Intelligence Solutions'. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

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