Enterprise Firewall Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Enterprise Firewalls Market is Segmented by Type of Deployment (On-premise, Cloud), Solution (Hardware, Software, Services), Size of Organization (Small and Medium, Large), End User (Healthcare, Manufacturing, Government, Retail, Education), and Geography (North America, Europe, Asia-Pacific, Latin America and Middle East and Africa). The market size and forecasts are provided in terms of value (USD million) for all the above segments.

Enterprise Firewall Market Size

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Enterprise Firewall Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 9.80 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

Enterprise Firewall Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Enterprise Firewall Market Analysis

The enterprise firewall market is expected to grow at a CAGR of 9.8% over the forecast period. In the current market scenario, used enterprise firewalls have lost their viability because traditional systems cannot handle the high level of threats posed by modern hacking methods.

  • Enterprise firewalls are the basic units of network security. They examine the flow of inbound and outbound data packets in an enterprise network against a set of predefined values to detect any malicious activity in the network.
  • The ongoing secular trend of increasing network capacity, specialization for 5G core, operational technology (OT), and IoT security, and the evolution of malware and threat detection are driving demand for the firewall market.
  • With the rise of cloud technology, firewalls are now being put in place. These firewalls offer a bundled solution that makes sure a firewall is available on any device, handles any traffic load, and makes sure the same policies are followed across the organization.
  • The cost factor is the major restraining factor for enterprise firewalls and their users. Acquiring firewalls can be costly for organizations. The cost varies according to the type of firewall an organization wants to deploy. Hardware firewalls will cost more than software firewalls due to their installation and maintenance charges.
  • COVID-19 accelerated the adoption of cloud infrastructure and services, which made businesses shift to cloud-based firewalls and firewall-as-a-service. During the pandemic, many companies had to let people work from home. This increased the need for strong security solutions.

Enterprise Firewall Market Trends

This section covers the major market trends shaping the Enterprise Firewall Market according to our research experts:

Cloud Services to have High Growth Rate due to enhanced adoption of Industry 4.0

  • Every day, the number of people using cloud computing grows. This is because cloud computing offers a flexible work environment, easy data sharing, and efficient data storage, which no other traditional computing or data storage system can match.
  • Consequently, numerous companies are heading toward cloud computing, placing their data and communications in the cloud. One of the most significant factors slowing the growth of cloud computing is security concerns.
  • The increasing demand for network security, especially in the manufacturing sector, is primarily due to the rapid adoption of Industry 4.0 policies. Also, IoT applications are expected to create a huge demand for enterprise firewall systems.
  • With the rise of cloud technology, firewalls are now being put in place. These firewalls offer a bundled solution that makes sure a firewall is available on any device, handles any traffic load, and makes sure the same policies are followed across the organization.
  • Furthermore, cloud computing is estimated to grow robustly during the forecast period. The increased adoption of cloud-based software has provided a number of benefits for companies from various industries, including the ability to use software from any device, either through a native app or a browser. The growth of cloud computing is directly driving the growth of the enterprise firewall market, as, without a security layer, the valuable data of organizations is at stake as data breaches are increasing.
Enterprise Firewall Market : Number of Data Records Exposed, in Millions, Global, árd quarter 2020 - 2022

North America Occupies the Largest Market Share

  • The North American region has the largest market share right now because businesses there care a lot about security and continue to use high-performing network security solutions.
  • Cloud solutions are very important to the growth of enterprise firewalls in this region because they are cost-effective, automatically integrate, require little IT investment, and are easy to access.
  • The latest technological breakthroughs have also assisted in the advancement of the enterprise firewall market. These advancements can make overall processes more efficient and significantly improve accuracy in numerous applications. There have been a series of new product launches, mergers, and acquisitions in the North American region to take advantage of this opportunity.
  • Moreover, cyberattacks in the North American region, especially in the United States, are rising rapidly. They have reached an all-time high, primarily owing to the rapidly increasing number of mobile devices in the region. According to IBM, in the United States, the average cost of a data violation amounted to 9.44 million U.S. dollars in 2022, up from 9.05 million U.S. dollars in 2021.
  •  In November 2022, Microsoft Azure announced the launch of DDoS IP protection for SMBs. DDoS IP Protection for SMBs is designed to provide enterprise-grade DDoS (distributed denial of service) protection. The new product can help companies defend against L3/L4 DDoS attacks with always-on monitoring and adaptive tuning designed to ensure the application is always protected.
Enterprise Firewall Market : Growth Rate by Region

Enterprise Firewall Industry Overview

The enterprise firewall market is highly competitive due to the presence of several international and local players. Cisco Systems, Juniper Networks, Palo Alto Networks, and Cisco Systems are all big names in the enterprise firewall market.

In November 2022, Sophos, a global cybersecurity service provider, announced the launch of new Sophos Firewall capabilities to meet the complex and demanding needs of distributed and enterprise edge computing. The updated firewalls would have better performance that speeds up the inspection of encrypted traffic, dynamic traffic routing for Internet Protocol version 6 (IPv6), more resilience with software-defined wide area network (SD-WAN) load balancing and high-availability improvements, and seamless integration with Microsoft Azure Active Directory.

In March 2022, Palo Alto Networks and Amazon Web Services (AWS) announced that they would be working together to launch the new Palo Alto Networks Cloud NGFW for AWS. This is a managed Next-Generation Firewall (NGFW) service that is meant to make it easier to secure AWS deployments and allow organizations to innovate faster while staying safe.

Enterprise Firewall Market Leaders

  1. McAfee (Intel Security Group)

  2. Dell Inc.

  3. Cisco Systems Inc.

  4. The Hewlett-Packard Company

  5. Huawei Technologies Inc.

*Disclaimer: Major Players sorted in no particular order

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Enterprise Firewall Market News

  • November 2022: Fortinet, an integrated and automated cybersecurity solutions provider, announced the launch of FortiGate Cloud-Native Firewall (FortiGate CNF) on Amazon Web Services (AWS), an enterprise-grade, managed next-generation firewall service specifically designed for AWS environments. FortiGate CNF incorporates FortiGuard artificial intelligence (AI)-powered Security Services for real-time detection of and protection against malicious external and internal threats.
  • August 2022: Fortinet announced the launch of the FortiGate 4800F series of hyperscale firewalls for security, scale, performance, and innovation. The new series of hyperscale firewalls enables enterprises and MNOs to concurrently run more applications while reducing their physical footprint and more effectively securing their networks.

Enterprise Firewall Market Report - Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers/Consumers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry


    1. 5.1 Market Drivers

      1. 5.1.1 Increasing Security Threats

    2. 5.2 Market Restraints

      1. 5.2.1 Laggard Attitude Towards Security by Some Enterprises



    1. 7.1 Type of Deployment

      1. 7.1.1 On-premise

      2. 7.1.2 Cloud

    2. 7.2 Solution

      1. 7.2.1 Hardware

      2. 7.2.2 Software

      3. 7.2.3 Services

    3. 7.3 Size of the Organization

      1. 7.3.1 Small and Medium Organizations

      2. 7.3.2 Large Organizations

    4. 7.4 End-user Industry

      1. 7.4.1 Healthcare

      2. 7.4.2 Manufacturing

      3. 7.4.3 Government

      4. 7.4.4 Retail

      5. 7.4.5 Education

      6. 7.4.6 Financial Services

      7. 7.4.7 Media

      8. 7.4.8 Communications

      9. 7.4.9 Other End-user Industries

    5. 7.5 Geography

      1. 7.5.1 North America

      2. 7.5.2 Europe

      3. 7.5.3 Asia-Pacific

      4. 7.5.4 Latin America

      5. 7.5.5 Middle East & Africa


    1. 8.1 Company Profiles

      1. 8.1.1 Fortinet Inc.

      2. 8.1.2 Palo Alto Networks

      3. 8.1.3 McAfee (Intel Security Group)

      4. 8.1.4 Dell Inc.

      5. 8.1.5 Cisco Systems Inc.

      6. 8.1.6 The Hewlett-Packard Company

      7. 8.1.7 Juniper Networks

      8. 8.1.8 Check Point Software Technologies

      9. 8.1.9 Huawei Technologies Inc.

      10. 8.1.10 Sophos Group plc.

      11. 8.1.11 Netasq SA

      12. 8.1.12 WatchGuard Technologies

      13. 8.1.13 SonicWall Inc.

    2. *List Not Exhaustive


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Enterprise Firewall Industry Segmentation

Firewalls are a network protection solution that examines the flow of data packets into and out of the enterprise. They're governed by some set of rules that decide whether that flow is safe, malicious, or questionable and in need of inspection.

The Enterprise Firewall Market is divided by type of deployment (On-premises, Cloud), solution (Hardware, Software, Services), size of organization (Small and Medium, Large), end user (Healthcare, Manufacturing, Government, Retail, Education), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa).

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Type of Deployment
Size of the Organization
Small and Medium Organizations
Large Organizations
End-user Industry
Financial Services
Other End-user Industries
North America
Latin America
Middle East & Africa
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Enterprise Firewall Market Research FAQs

The Enterprise Firewall Market is projected to register a CAGR of 9.80% during the forecast period (2024-2029)

McAfee (Intel Security Group), Dell Inc., Cisco Systems Inc., The Hewlett-Packard Company and Huawei Technologies Inc. are the major companies operating in the Enterprise Firewall Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Enterprise Firewall Market.

The report covers the Enterprise Firewall Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Enterprise Firewall Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Enterprise Firewall Industry Report

Statistics for the 2024 Enterprise Firewall market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Enterprise Firewall analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Enterprise Firewall Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)