Rise in need to safeguard enterprise network against unprecedented and unauthorized strikes, coupled with growth in need to centralize policy management and simplify installation for distributed enterprise networks are major factors that drive the firewall-as-a-service market growth. Moreover, businesses are inclining toward FWaaS to eliminate the upfront investment cost on physical security solutions.
Some other factors that influence the market growth include rise in need for rapid upgradation and alteration to firewall protocols, owing to rise in sophisticated cyber-attacks, coupled with proliferation of next generation firewall , owing to its ability to seamless scale and reduce operational cost.
Download Sample Report at: https://www.alliedmarketresearch.com/request-sample/8343
However, limited technical expertise for handling advance firewall mechanism can hamper growth of the market. Contrarily, higher demand for cloud-based firewalls among SMEs and high demand for FWaaS offerings in the BFSI sector are opportunistic factors for the global firewall-as-a-service market.
To offer businesses with protections against sophisticated threats, need for advance security framework to deploy multiple firewall appliances is a necessity. These appliances can include an Intrusion Prevention System (IPS), content-filtering systems, and threat prevention applications.
Networks that utilize more security capabilities can burden organizations with additional cost for management, monitoring, and maintenance as a supplement to purchase and set up of an equipment or service, or support. Thus, adoption of FWaaS help to reduce investment costs and boost the firewall-as-a-service market growth.
Firewall-as-a-service helps in reducing these complexities and unifying security administration at a great cost reduction. If a firm acquires next generation firewall technology that is run by IT professionals on a monthly subscription basis, there is a lack of capital investments regarding equipment and costs linked to this kind of security.
According to a study carried out by Secure Data, a company with 500 workers, firewall can reduce its expenses by 37% and save an average of $139,000 per year.
For Purchase Enquiry: https://www.alliedmarketresearch.com/request-sample/8343
COVID-19 Scenario Analysis:
- Presently, many employees are working from home and students are learning virtually, hence enterprise virtual private network (VPN) servers have now become a lifeline for companies/schools and their security and availability would be a major focus going forward. There is a possibility that an organization’s unpreparedness can lead to security misconfiguration in VPNs. This, in turn, could expose sensitive information on the internet and devices to Denial of Service (DoS) attacks. In addition, some users utilize personal computers to perform official duties, which could also pose a great amount of risk to organizations.
- Working of many security teams is expected to be reduced due to the COVID-19 pandemic, which makes detection of malicious activities difficult and responding to these activities even more complicated. Revising patches on systems may also be a challenge if security teams are not operational.
- Organizations may not effectively detect cyber-attacks as security teams are short staffed or repurposed to support other activities, leaving security alerts uninvestigated.
Thanks for reading this article; you can also get an individual chapter-wise section or region wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. 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 in making strategic business decisions and achieving sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on: LinkedIn Twitter