Hardware Firewall Market Share

Statistics for the 2023 & 2024 Hardware Firewall market share, created by Mordor Intelligence™ Industry Reports. Hardware Firewall share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of Hardware Firewall Industry

The hardware firewall market is fragmented with the presence of major players like Bitdefender, Cisco Systems Inc., Cujo LLC, Fortinet Inc., and Palo Alto Networks Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

  • June 2024: Tech Mahindra, an Indian IT and consulting firm, strengthened its partnership with US telecom equipment leader Cisco. Together, they aim to deliver advanced next-generation firewall (NGFW) modernization solutions to their global customer base. This collaboration enhances firewall functionalities with features such as unified policy management across both on-premises and cloud environments. Additionally, it incorporates Cisco’s Talos threat intelligence, providing robust malware defense for networks and endpoints.
  • April 2024: IBM Cloud and Fortinet strengthened their partnership by launching the Fortinet Virtual FortiGate Security Appliance (vFSA) on IBM Cloud. This new solution from Fortinet combines the powerful features of its FortiGate hardware firewall with the flexibility of virtual appliances. The vFSA provides clients with the advanced security capabilities of FortiGate's next-generation firewall (NGFW) within the IBM Cloud infrastructure. This initiative aims to protect clients' networks, particularly those handling sensitive data, ensuring their continuous high availability.

Hardware Firewall Market Leaders

  1. Bitdefender

  2. Cisco Systems, Inc.

  3. Cujo LLC

  4. Fortinet Inc.

  5. Palo Alto Networks Inc.

*Disclaimer: Major Players sorted in no particular order

Hardware Firewall Market Concentration

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