The Firewall-as-a-Service (FWaaS) market is anticipated to witness a CAGR of 22.0% over the forecast period 2019 – 2024. Flexible scalability, secure access parity, security over migration, identity protection, and secure performance management are some of the advantages of cloud-based firewall service, which has influenced organisations to implement firewall-as-a-service to manage their data packets in the cloud network.
As everything everywhere is shifting to the cloud environment, data protection and breaches have become top challenges for the business organisations of various fields such as banks, financial services, government organisations, healthcare institutions, retail, defence, IT & telecom, and many others. According to RedLock Inc., 49% of the databases across the globe are not encrypted, and 51% organisations are somehow exposed to cloud storage services, which in turn brings possibilities of cyber-attacks for applications running in a hosted environment.
Developed countries across the globe are adopting FWaaS as a must needed service to protect their cloud environment and augment overall business functions.
Reference: Research and Markets Report – September 2019 – https://www.researchandmarkets.com/reports/4833378/firewall-as-a-service-market-growth-trend-and?utm_source=MC&utm_medium=Email&utm_code=mzrtg14t7&utm_campaign=1297142+-+Firewall-as-a-Service+Market+-+Growth%2c+Trend%2c+and+Forecast+(2019+-+2024)&utm_exec=adke277mtd