Enterprise Firewall Market Expected to Reach $25 Billion by 2033

According to a new report published by Allied Market Research, titled, “Enterprise Firewall Market,  by Offering (Hardware, Software, Service), by Deployment Mode (On-premise, Cloud), by Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), by Application (BFSI, IT and Telecom, Healthcare, Retail and E-Commerce, Government, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". The enterprise firewall market was valued at $11.3 billion in 2023, and is estimated to reach $25 billion by 2033, growing at a CAGR of 8% from 2024 to 2033.

Enterprise firewall solutions deliver strong security across various sectors, leading to lower operational expenses, enhanced efficiency and accuracy, and a better experience for end-users. Next-generation firewalls (NGFWs) serve as the initial line of defense against online threats by consistently updating threat information from multiple sources and employing sophisticated data analysis methods. Additionally, SD-WAN allows for secure, direct communication between branch sites and the cloud, and several next-generation firewalls now include SD-WAN features, enhancing security and reducing the need for multiple devices at branch locations. Furthermore, the integration of NGFWs with other security measures, such as zero trust frameworks and sandboxes, along with the use of AI and machine learning,  assists in forecasting and mitigating sophisticated threats. BFSI deals with the vast amount of sensitive data, which in turn provides lucrative opportunities for the growth of the enterprise firewall market. Meanwhile, there is an increasing demand for enterprise firewall solutions in the healthcare sector, as it protects patient information and sensitive medical data from breaches, and unauthorized access. These multiple applications offered by enterprise firewall solutions in several industries are expected to propel the global Enterprise Firewall Industry growth.
Moreover, the Business Firewall Industryis driven by the increasing frequency and sophistication of cyber threats, compelling organizations to invest in advanced security solutions. The rising adoption of cloud computing, remote work, and Bring Your Own Device (BYOD) policies has expanded the attack surface, necessitating robust firewall protection. Regulatory compliance requirements, such as GDPR, HIPAA, and CCPA, are also pushing enterprises to implement stringent security measures.

On the basis of deployment mode, the on-premise segment dominated the Enterprise Firewall Industry in 2023 and is expected to maintain its dominance in the upcoming years, owing to Large enterprises, government organizations, and financial institutions prioritize on-premise firewalls to maintain complete control over network security and prevent external breaches.

By region, Morth America dominated the market share in 2023 for the enterprise firewall market. The increasing investment in a strong regulatory framework is anticipated to propel the growth of the Enterprise firewall market size and growth. However, Asia-Pacific is expected to exhibit the highest growth during the forecast period. This is attributed to increase in penetration of digitalization and higher adoption of advanced technology. 

The report focuses on growth prospects, restraints, and trends of the enterprise firewall market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, on the enterprise firewall market.

The enterprise firewall market forecast is undergoing rapid transformation, driven by evolving cyber threats, cloud adoption, and regulatory compliance demands. Next-generation firewalls (NGFWs) are becoming the industry standard, integrating AI-driven threat detection, deep packet inspection (DPI), and zero-trust security frameworks to combat sophisticated cyberattacks. The rise of cloud-based firewalls and Firewall-as-a-Service (FWaaS) is reshaping network security, enabling organizations to secure multi-cloud environments and remote workforces. Additionally, Zero Trust Network Access (ZTNA) integration with firewalls is gaining traction, ensuring least-privilege access and enhanced identity verification. 

Key Findings of The Study

• By offering, the hardware accounted for the largest enterprise firewall market share in 2023.
• By deployment mode, the on-premise segment accounted for the largest enterprise firewall market share in 2023.
• By enterprise size, the energy segment accounted for the largest market share in 2023.
• By application, the BFSI segment accounted for the largest market share in 2023.
• Region-wise, North America generated the highest revenue in 2023.

The market players operating in the enterprise firewall market size are Palo Alto Networks, Fortinet Inc., Juniper Networks, Check Point Software Technologies, Sophos Group plc., Array Networks, WatchGuard Technologies, SonicWall Inc., Cisco Systems Inc., Barracuda Networks, Forcepoint, Hillstone Networks, Sangfor Technologies, Stormshield, Zscaler, Huawei Technologies Co., Ltd., McAfee Corp., Trend Micro, Inc., AhnLab, Inc., and Arista Networks, Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the enterprise firewall market globally.