Firewall-as-a-service brings a unique opportunity to organizations to simplify network security.

The Firewall as a Service (FWaaS) market size is expected to grow from USD 0.56 Billion in 2017 to USD 1.70 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 24.9% during 2017-2022

The major drivers of this market include the increasing need to fortify the enterprise network against unauthorized and unprecedented strikes, centralized policy management and simplified installation for distributed enterprise networks, and elimination of the upfront investment cost.

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The hybrid cloud deployment model is expected to grow at the highest CAGR during the forecast period.

The hybrid cloud deployment model is expected to gain the highest traction in the FWaaS market during the forecast period. The hybrid cloud provides more control, reduced risks, cost-efficiency, and better performance. Additionally, it provides an ideal combination of public cloud and private cloud features, such as the versatility and cost-effectiveness of the public cloud, and greater control and security of the private cloud.

North America is expected to contribute the largest market share, whereas Asia Pacific (APAC) is projected to grow at the highest CAGR.

North America is expected to have the largest market share and dominate the FWaaS market. The major growth drivers for this region are the increasing need to prevent cyber threats, growing adoption of cloud services, better security compliant offerings by vendors, and need for enhanced control and visibility mechanisms.

The major vendors providing FWaaS solutions and services are Barracuda Networks , Cato Networks, Check Point Software Technologies, Cisco Systems , Forcepoint , Fortinet , Juniper Networks , Palo Alto Networks , WatchGuard , and Zscaler

These players have adopted various growth strategies, such as new product launches, partnerships, acquisitions, and expansions.

Product launches and partnerships were the 2 major strategies adopted by these players to achieve a strong foothold in the FWaaS market.

• Barracuda Networks is one of the prominent players in the FWaaS market. It is a provider of security and storage solutions. The company offers security solutions to enhance the network performance, address security threats, and secure and store data.
• Fortinet is another top market player in the FWaaS market. The company provides integrated network security solutions to midsized and large enterprises, government agencies, and other service providers to protect users, applications, and data from malware and content-related security threats. The company emphasizes on R&D activities and promotes innovations. For instance, in 2016, it invested USD 183.1 million in R&D activities