The Business Research Company’s Enterprise Firewall Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Enterprise Firewall Global Market Report 2023 evaluates enterprise firewall market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global enterprise firewall market is expected to grow from $10.9 billion in 2022 to $12.12 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The enterprise firewall market is expected to reach $18.29 billion in 2027 at a CAGR of 10.8%.
The rise in cyberattacks is expected to propel the growth of the enterprise firewall market going forward. A cyberattack is any attempt to harm a computer, computing system, or network by getting access to it. Implementing enterprise firewalls in various enterprises provides a robust defense mechanism that significantly reduces the risk of cyber-attacks, safeguarding critical assets and sensitive information while ensuring uninterrupted business operations. For instance, in June 2022, according to the Anti-Phishing Working Group, a US-based organization, in the first quarter of 2022, the group recorded a total of 1,025,968 phishing attacks, a 15% rise from the 888,585 attacks in the fourth quarter of 2021. Therefore, the rise in cyberattacks drives the growth of the enterprise firewall market.
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The enterprise firewall market segments in the report are:
1) By Solution: Hardware, Software, Services
2) By Deployment: On-Premise, Cloud
3) By Organization Size: Small And Medium Organizations, Large Organizations
4) By End-User: Healthcare, Manufacturing, Government, Retail, Education, Financial Services, Media, Communications, Other End-User Industries
The table of contents in TBRC’s enterprise firewall market report includes:
- Executive Summary
- Enterprise Firewall Market Characteristics
- Enterprise Firewall Market Trends And Strategies
- Enterprise Firewall Market – Macro Economic Scenario
5.1. Global Enterprise Firewall Market Drivers and Restraints
- Enterprise Firewall Market Segmentation
- Enterprise Firewall Market Regional And Country Analysis
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- Brazil Enterprise Firewall Market
- Middle East Enterprise Firewall Market
- Africa Enterprise Firewall Market
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