Asia Pacific FWaaS Market to grow at forecast timeline due to the increase in cyber-attacks

The industry analysis report “Firewall as a Service (FWaaS) Market Size By Product (Firewalls [Proxy Servers, Stateful Inspection Firewall, Unified Threat Management (UTM), Next-generation Firewall (NGFW)], Management Software/Tools [Auditing & Compliance, Cloud Security, Connectivity Management, Automation, Backup & Recovery]), By Application (BFSI, Healthcare, Government, Retail, Education, Manufacturing), By Service Model (SaaS, IaaS, PaaS), By Delivery Model (Public, Private, Hybrid), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, China, India, Japan, South Korea, Australia, Brazil, Mexico, GCC, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” by by Global Market Insights, Inc. says (FWaaS) Firewall as a Service Market size is set to exceed USD 2.5 billion by 2024, escalated by Increase in demand for network security.

Rising initiatives by regulatory authorities to improve the security of the customer information and increase in cyber-attacks is a major factor driving the firewall as a service market growth. Firewalls help organizations in protecting end-to-end web application and database to protect their customer information and their business. The development of Next-Generation Firewall has entirely changed the landscape with features such as DPI, API, SSL inspection, filtering, and IPS, improving the cloud firewall market opportunity for these solutions.

Rapid digitization, primarily in countries such as India and China, has led to an increase in the IT sector, leading to a new market for cyber criminals. Various organizations are working with government agencies to provide customized suites and packages to enterprises, especially SMEs, as they are very reluctant to use software and more prone to attackers.

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Adoption of BYOD, digital banking, and connected devices is changing the firewall as a service market. The penetration of phones and the connectivity across the world has led to the rise in the hacking of the device and collect the financial information. NGFW is attracting lot of companies with their public deployment model as majority of the players offer the product in the competitive FWaaS market. Organizations such as Tufin, Skybox Security and Firemon are offering management software tools required by any user to track and monitor the attacks and update the regulatory norms whenever required.

 

The firewall appliances market holds majority of the FWaaS market share with approximately 22% CAGR estimation from 2017 to 2024. Traditionally, proxy servers and stateful inspection firewalls were used to protect the servers and network. However, with the change in the attacks and spreading its reach, internal networks require more protection than traditional ways. The UTM and NGFW were used to protect enterprises from internal and external network attacks.

The government agencies and financial institutions are most targeted due to the huge transactions and classified information. Thus, government and private organizations are collaborating and customizing compliances regulations best suited for the industry. BFSI applications account for majority of the revenue and are expected to maintain their position in the coming years.

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The rising number of attacks and need for security measures are fostering the growth of the Asia Pacific FWaaS market. Additionally, number of organizations are understanding the benefits of offering cloud deployment to their customers to get cost-benefits. Moreover, government initiatives to improve the security and introduce norms is creating growth opportunities for the security providers.

The players operating in the firewall as a service equipment space include Checkpoint, Palo Alto Networks, Fortinet, Cisco, IBM, Symantec, McAfee, and Sophos. Additionally, some of the pure management software providers holding strong place in the FWaaS market are Tufin, Firemon, Algosec, Skybox Security FireEye, and Watchguard.The industry is seeing a number of M&A in the past five years; for instance, the acquisition of Niara by HPE to expand their product offerings and brand value.

Firewall as a service market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

Firewall as a Service Market, By Product

  • Firewall
    • Proxy Server
    • Stateful Inspection Firewall
    • Unified Threat Management (UTM)
    • Next-generation Firewall (NGFW)
  • Firewall Management Software/ Tools
    • Auditing and Compliance
    • Cloud Security
    • Connectivity Management
    • Automation
    • Backup and Recovery
    • Others

Firewall as a Service Market, By Delivery Model

  • Public
  • Private
  • Hybrid

Firewall as a Service Market, By Service Model

  • SaaS
  • IaaS
  • PaaS

Firewall as a Service Market, By Application

  • BFSI
  • Healthcare
  • Government
  • Retail
  • Education
  • Manufacturing
  • Others

 

The above information has been provided on a regional basis for the following:

  • North America
    • U.S
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • GCC
    • South Africa

Browse key industry insights spread across 250 pages with 220 market data tables & 11 figures & charts from the report, “Firewall as a Service (FWaaS) Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/firewall-as-a-service-fwaas-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://www.gminsights.com/blogs
Connect with us: Facebook | Google+ | LinkedIn | Twitter

 

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Firewall Management Market Pit Falls, Present Scenario and Growth Prospects from 2017 to 2024

The latest Firewall Management Market analysis and research report talks about major applications of Firewall Management, growth of these segments as well as offers insights into companies active in this industry and their information.

Firewall Management Market size is anticipated to witness substantial growth during the forecast time span owing to rising instances of security breaches by unauthorized external agents. Intruders can gain access to a system for malicious purposes such as extraction of sensitive information, remote login, session hijacking, DDoS attack, trojan backdoor, or cookie theft.

Furthermore, hackers can hack into an organization’s system and extract its clients’ personal and financial information or use the organization’s connection for launching viruses and worms from that system, leading to the loss of reputation. In June 2017, the PLATINUM hacker group designed and launched a system altering the Intel Active Management Technology (AMT) to bypass the Windows Firewall. It permitted attackers to exploit AMT’s Serial-over-LAN feature to run their code on their operating systems and send files, such as new payloads, to develop and run new versions of their malware.

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Increasing number of compliance and regulatory mandates is further driving the firewall management market growth. For instance, the PCI DSS, North American Electric Reliability Corporation (NERC) and the National Institute of Standards and Technology (NIST) have established configuration standards that include a list of requirements for a firewall at each internet connection.

High costs and complexity are the major factors restraining the growth of the firewall management market. Firewall management is resource-intensive and includes administration, log monitoring, responsive action planning, and management for security and device health events. It requires a very high level of expertise for the prevention of unauthorized access and expensive breaches and will further increase the overall deployment and maintenance costs. Furthermore, the upkeep of the systems is high as cybercrime is continuously evolving.

The complexity of an organization’s network can lead to errors in analyzing the scalability of the security system and hamper the firewall management market growth. Many organizations have multiple vendor deployments as opposed to single vendor deployments, which can further increase the complexity of an organization’s security system.

Increasing awareness about security amongst SMBs and prevalence of customer-centric businesses that hold a large amount of financial and personal customer data for business insight generation are expected to streamline the growth of the firewall management market. Multi-vendor deployment platforms are expected to grow in prominence over the forecast time span. Several organizations, irrespective of their size, use multiple security systems instead of just one for the entire organization.

The transition toward IPv6 is a key reason furthering the firewall management market owing to interconnectivity between various appliances and smart devices. Furthermore, the rise of IoT and smart technology will lead to the rise in smart systems. For instance, CUJO is a smart plug-and-play firewall system that acts as a bridge between the device and the internet. It has a supporting mobile app for the monitoring and control of its activity.

Firewall management market can be segmented by type to include software and hardware. Software segment is expected to dominate in terms of market share and is expected to experience a high growth during the forecast time span. These allow thigher security, user customization, and more control over its function and protection features. Hardware systems in the firewall management market are pre-configured by the vendor to prevent unauthorized access to a wireless or wired network from intruders. These are effective with little to no configuration.

End use vertical segmentation of the firewall management market comprises BFSI, healthcare, government and defense, retail, transportation, consumer, and others. The penetration of these systems in the BFSI sector is very high as they hold a large portion of critical clientele information such as financial records. Furthermore, the increasing number of cyber-attacks on the BFSI industry has caused many organizations operating in this sector to undertake security solutions, thus contributing to the firewall management market growth.

Segmentation of the firewall management market based on organization size is bifurcated into SMEs and large enterprises. Policy-driven regulations and the increasing awareness of safeguarding the organization’s client data are anticipated to be major factors prompting the high growth of the SME firewall management market segment.

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Firewall management market segmentation based on deployment model includes on-premise and cloud-based. Businesses largely deploy on-premise systems. These systems allow businesses to have a stronger control over all their data and have minimal risk network security. Cloud-based systems are projected to experience a high growth as compared to the on-premise as the total cost of ownership is reduced, allowing important resources, such as capital and personnel, to be made available for other important tasks.

High investment in the development of this technology is a major factor contributing toward the growth of North America firewall management market. Increasing number of organization sectors such as BFSI and retail has led to a high demand of these systems in the Asia Pacific market, primarily in emerging economies such as India and China.

Players operating in the global firewall management market undertake various business strategies to augment their growth and capture a larger market share. Companies operating in the firewall management market include Cisco, McAfee, Check Point Technologies Ltd., Zscaler, Inc., Palo Networks, Inc., Juniper Networks, Inc., Kaspersky Lab, Barracuda Networks Inc., and Comodo Group. In March 2017, GoDaddy announced the acquisition of Sucuri to aid in the launching of their security service arm, GoDaddy Website Security and to gain access to the acquired company’s customer base.

This latest Firewall Management Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Firewall Management from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Reasons to Buy This Report

  • Global Firewall Management Market size & forecast by product & application.
  • Growth drivers, pitfalls & industry challenges.
  • Key Firewall Management Market growth opportunities & emerging business models.
  • Competitive benchmarking with market share analysis and company profiles.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

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Email: sales@gminsights.com

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SMS Firewall Market Update, Analysis and Forecast Report, 2017 – 2024

This SMS Firewall Market report is an exhaustive research on company’s active in SMS Firewall sector, its applications, products, end-users, trends and predictions on how the market will grow in coming years.

SMS Firewall Market size is anticipated to witness a significant growth owing to the growing need of SMS aggregators and mobile network operators to block illegal SMS traffic. Increasing messaging attacks, such as faking, flooding, spamming, and spoofing, are expected to boost the demand for this technology.

With the increasing data traffic, network operators have received a large volume of spam messages that have blocked the network bandwidth and negatively impacted the service quality. SMS firewall market solutions help MNOs to overcome this problem, reduce operational costs, enhance customer experience, and regain revenues that declined due to the emergence of over-the-top players such as Snapchat, Viber, and WhatsApp.

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An Increase in the use of application-to-person (A2P) SMS by the enterprises primarily for CRM and marketing campaigns is expected to escalate the SMS firewall market size. With the advent of enterprise A2P industry, the value chain between enterprises and their subscribers has become increasingly complex and difficult to manage. These solutions simplify the value chain and ensure that subscribers of any SMS service are not subjected to spam messages, thus improving customer retention.

The rising stringent government regulations to protect subscriber information and rights by implementing security standards, such as IR 70 and IR 71, are expected to enhance the SMS firewall market growth. Increasing gray route traffic is spawning illegitimate traffic including viruses and frauds. Implementation of regulations to perform periodic checks and identify & block grey routes are expected to flourish the SMS firewall market.

With the advent of technology, the hackers are penetrating through multiple layers of a firewall. Also, the lack of technical expertise in the construction of firewalls and programming anomalies are expected to threaten the SMS firewall market growth. Different filtering criteria for different traffic sources, such as SMPP connection and MSISDN, may leave a loophole in the functioning of firewall solutions. The increasing number of traffic sources is expected to decelerate the industry growth. The growing trend among the firewall vendors to provide 3600 protection solutions is expected to augment the industry rapidly. The companies are providing tailored solutions and holistic A2P monetization to include phone verification lookups and portability, in addition to SMS.

The SMS firewall market is segmented on the basis of message type, messaging platform, service type, organization type, and end-use industries. Based on the message type, the SMS firewall market is segmented into A2P and P2A messaging. The A2P segment is expected to grow at a high rate owing to the increasing adoption of this service by enterprises for sending notifications, alerts, OTP verifications, promotional messages, and updates to the customers. On the basis of the platform, the market is segmented into cloud and traditional. The enterprises are increasingly focused on deploying these services on the cloud owing to the faster time to market, high scalability, low-operational costs, and enhanced customer experience through cloud-based solutions.

The SMS firewall market is segmented into managed services and professional services based on the service type. Managed services segment is expected to grow rapidly over the forecast timeline owing to their low maintenance and operational costs. Managed services aid end users in the configuration and deployment of applications and software on premise. Managed services offered by the vendors include dedicated hosting, firewalls deployment, vigilance & monitoring, remote support, inventory tracking, client-hosted operations, and firewall configurations & management. The SMS firewall market caters to the requirements of enterprises from various verticals including banking & finance, healthcare, e-commerce & retail, government, hospitality, media & entertainment, and IT & telecom.

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The U.S. SMS firewall market is expected to hold a large share over the future owing to a large-scale implementation of SMS firewall solutions by SMS aggregators and MNOs. Telecom operators in the region opt for these solutions to streamline business operations by accessing spam-free text messages. Increasing penetration of A2P messages across the industry verticals including e-commerce, banking, and government is anticipated to drive the SMS firewall market growth in the Asia Pacific region. Extensive geographical coverage and a large subscriber base have motivated the authorities in the Asia Pacific region to implement stringent regulations for spam traffic, thus boosting the industry growth.

The key players in the SMS firewall market include Mahindra Comviva, AMD Telecom S.A., SAP SE, Anam Technologies Ltd., BICS, Cellusys, Symsoft, Tata Communications, Ltd., Syniverse Technologies, LLC, NetNumber, Inc., Route Mobile, Ltd., Tyntec, Global Wavenet, Ltd., Twilio, Inc., Openmind Networks, Define Telecommunication A.S., and Tango Telecom. The network providers are increasingly entering the SMS firewall market. For instance, in 2016, Airtel rolled out firewalls in Africa and Asia Pacific regions to help its partners monetize their traffic. This strategy enabled the company to venture into a new market and gain more customers in addition to retaining the old ones. Owing to continuously increasing subscriber base, the players in the market are becoming increasingly competitive and investing in the product development to offer better security services in the text message segment.

This latest SMS Firewall Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the SMS Firewall industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Reasons to Buy This Report

  • Global SMS Firewall Market size & forecast by product & application.
  • Growth drivers, pitfalls & industry challenges.
  • Key SMS Firewall Market growth opportunities & emerging business models.
  • Competitive benchmarking with market share analysis and company profiles.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@gminsights.com

Web: https://www.gminsights.com

Blog: https://www.gminsights.com/blogs

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