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Network Infrastructure Magazine | Wednesday, May 18, 2022
For a long time, firewalls have been a key battleground. As a result of the high demand for these products, merchants competed for a market share in the large category.
FREMONT, CA: For long years, firewalls have been a corporate struggle. It was inevitable that vendors would battle for market supremacy in such a vast category, as every company required them.
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This has led to ongoing innovation and development on the firewall front and a good dose of marketing hype. After the market for firewalls reached saturation, companies introduced next-generation firewalls (NGFW) and other terms. Essentially, these are firewalls with additional functionalities.
Here are some trends in the market for firewalls:
Web Application Firewalls
According to Sanchez with Dell'Oro Group, SaaS—and virtual-based web application firewalls (WAFs) are predicted to achieve a compound annual growth rate (CAGR) of 25 percent between 2021 and 2026.
The growth rate is over three times that of physical firewall appliances throughout the same period.
An increasing number of enterprise applications are made available to both allies—or employees, clients, and partners—and adversaries—or hackers.
Hardware Firewalls Diminish
According to the recently published "Network Security 5-Year Forecast Report" by Dell'Oro Group, demand for software-as-a-service (SaaS)- and virtual-based network security will account for 51 percent of the $33 billion total market revenue for network security in 2026.
Firewalls represent a significant portion of the industry. Physical firewall appliance revenue, which accounted for over 75 percent of total hardware-based network security revenue in 2020, is projected to increase at a rate of 7 percent per year between 2021 and 2026, while SaaS- and virtual-based web application firewalls will grow at a rate of 10 percent per year (WAFs).
Lack of ability
Another element driving the firewall market toward the as-a-service model is the absence of IT personnel.
Establishing and managing a firewall can be difficult depending on the environment, the customer's needs, and the constantly shifting cybersecurity landscape.
The firewall must be set appropriately to safeguard the network of an organization and avoid interfering with business activities by blocking traffic that should be allowed through.
In addition, having someone monitor the firewalls 24 hours a day, seven days a week is crucial for cybersecurity. Hackers are situated throughout the world and can strike at any time. Continuous monitoring enables the company to recognize and respond to risks before they can do substantial damage.
A managed firewall solution ultimately ensures that the firewalls are correctly configured and monitored, reducing the business's need for in-depth training.
As a result, the fundamental minimum elements that companies should seek in a managed firewall solution include alignment with best practices for installation and setup, 24/7 monitoring, and in-depth reporting that provides the business with excellent visibility into its environment.
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