Firewall Management Market Size, Share, and COVID Impact Analysis, By Deployment Mode (Cloud and On-premises), By Deployment Mode (Large Enterprises and SMEs), By End-user (BFSI, IT & Telecommunication, Retail, and Consumer Goods, Healthcare, Government, and Others (Transportation, Education, etc.)), Regional Forecast, 2024-2032

Firewalls block unwanted or harmful Internet traffic, protecting computers and networks from external attackers. To ensure that firewalls are deployed following the industry's standards, firewall management is necessary. It offers many benefits such as preventing unauthorized connections, firewall and performance optimization, auto discovering connectivity needs for applications, unified risk, and compliance reports.

The rapid adoption of cloud computing, big data and the Internet of Things brought a change in the corporate landscape that raised greater flexibility to achieve competitiveness. This has led to a considerable increase in concerns about unauthorized access, data breaches and account hijacking over the last few years. Therefore, the optimum way for businesses to reduce their data security risks is by using a firewall management system. In addition, a growing number of businesses are implementing firewalls to protect data and information from cyberattacks and security breaches. For instance, 

• In February 2023, Check Point Software Technologies Ltd., a global leader in cybersecurity solutions, introduced Check Point Infinity Spark, a threat protection offering that includes firewalls and integrated AI security for SMEs. Infinity Spark provides security for all networks, email, offices, endpoint and wireless devices offering enterprise grade protection. It protects SMEs against advanced threats such as DNS attacks, ransomware, phishing, and credential theft.

Impact of COVID-19 on Firewall Management Market:

COVID-19 had a positive impact on the firewall management market due to the increase in online activities. As the cases of COVID-19 increased around the world, where local shopping malls and shops continued to shut down due to the epidemic, global consumers turned to internet retailers and ecommerce websites to buy what they needed. Moreover, the BFSI sector to invest heavily in payment gateway security to mitigate these increased numbers of internet transactions. In addition, some companies implemented remote work for their workers to help combat the spread of coronavirus. The protection of corporate data has been enhanced due to these remote working conditions helping the firewall management market to grow.

Key Insights:

The report will cover the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities        


• Business Strategies Adopted by the Players


• Impact of COVID-19 on the Firewall Management Market

Analysis by Enterprise Type:

Based on enterprise type, the market is segmented into large enterprises and small and medium-sized enterprises (SMEs). The large enterprises dominated the market in 2022.

Factors such as increased flexibility, increasing demand for higher productivity and agility due to securing the firewall against cyber-attacks which could disrupt business processes can be attributed to this segment's growth. For instance, DHS Secretary Alejandro Mayorkas stated at a press conference held in March 2021 that there was an almost 300% increase in the number of ransomware attacks in large enterprises between 2020 and 2021.

Regional Analysis:

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The firewall management market is divided into five regions: North America, the Middle East and Africa, South America, Asia Pacific, and Europe.

North America holds the maximum market share in the firewall management market. Due to the strong adoption of network solutions by businesses, the market for firewall management is expanding rapidly in this region. Moreover, businesses have been encouraged to find pre-firewall management solutions due to a rise in data breaches and an increase in financially targeted cyber-attacks. Furthermore, North America is the largest provider of internet security solutions and this creates a high growth potential. For instance,

• In May 2023, the Operational Technology Cybersecurity Coalition announced that Fortinet, the global leader in the convergence of networking and security, has worked with other industry players and the U.S. government to strengthen the resilience of the nation's critical infrastructure.

The distribution of firewall management by region is as follows:

• North America – 30%


• South America – 15%


• Europe – 20%


• The Middle East and Africa – 10%


• Asia-Pacific – 25%

Key Players:

The report comprises key players such as Cisco Systems Inc., Barracuda Networks, Inc., Check Point Solution Technologies Ltd., Juniper Networks, Inc., Cato Networks Ltd., Palo Alto Networks., Fortinet, Inc., Force point LLC, Sophos Ltd., Zscaler, Inc, and others.

Segmentation:

Key Industry Developments:

• May 2023: Sophos Ltd, launched Sophos Firewall OS v19.5 MR2, another foremost maintenance update to v19.5 with this release. In addition, two security enhancements have been implemented by the company with this launch, helping users to strengthen their firewall and follow business best practices to protect their firewall from attacks.


• March 2023: Fortinet is introducing new specialized cybersecurity products and professional services to the operational technology environment. The newest addition in Fortinet's robust portfolio for the harsh environment, consisting of a new compact design with converging networking and security capabilities on one processor is FortiGate 70F Tough NextGeneration Firewall NGFW.