Europe Enterprise Firewall Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Europe Enterprise Firewall 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, Financial Services), and Country.

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Europe Enterprise Firewall Market Size

europe enterprise firewall market
Study Period 2018 - 2028
Base Year For Estimation 2021
Forecast Data Period 2024 - 2028
Historical Data Period 2018 - 2020
CAGR 6.70 %
Market Concentration Medium

Major Players

europe enterprise firewall market growth

*Disclaimer: Major Players sorted in no particular order
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Europe Enterprise Firewall Market Analysis

The Europe Enterprise Firewall Market is expected to grow at a CAGR of 6.7% over the forecast period (2021 - 2026). Earlier used enterprise firewalls have lost their feasibility in the current market scenario, as conventional 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.
  • With the emergence of cloud technology, firewalls are now being deployed, which offers a bundled solution that ensures the availability of a firewall on any device, addresses any traffic workload, and enforces similar policies across the organization.
  • The rapid use of web applications, rapid adoption of cloud technologies, and the increasing demand for security services to mitigate the risk of cyberattacks are also driving the growth of the enterprise firewall market in Europe. In order to protect the data & information from security breaches and cyber-attacks, the implementation of network security firewalls is growing across various end-use enterprises. Consequently, driving the growth of the overall network security firewalls market.
  • Covid-19 accelerated the adoption of cloud infrastructure and services, which has made businesses shift to cloud-based firewalls and firewall-as-a-service.

Europe Enterprise Firewall Market Trends

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

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

  • Cloud computing is increasing day by day, owing to the flexible work environment, data distribution, and efficient data storage that cloud computing provides is unmatched by any other traditional computing and data storage systems.
  • Consequently, numerous companies are heading toward cloud computing, placing their data and communications in the cloud. Security issues are one of the most critical factors hampering the growth of cloud adoption.
  • 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 massive demand for enterprise firewall systems.
  • With the emergence of cloud technology, firewalls are now being deployed, which offers a bundled solution that ensures the availability of firewalls on any device, addresses any traffic workload and enforces similar policies across the organization.
  • Furthermore, cloud computing is estimated to grow robust during the forecast period. The increased adoption of cloud-based software has provided several benefits for companies from various industries, including using software from any device, either through a native app or through a browser. The growth of cloud computing is directly driving the growth of the enterprise firewall market, as, without a security layer, valuable data of the organizations are at stake as data breaches are increasing.
europe enterprise firewall market trends

Financial Services Industry is poised to drive the demand

  • The BFSI sector is one of the critical infrastructure segments that suffer several data breaches and cyberattacks, owing to the large customer base that the industry serves and the financial information that is at stake.
  • Data breaches lead to an exponential rise in costs and loss of valuable customer information. Cyber attackers pursue the most straightforward path possible to engineer a financial gain attack targeting several financial services organizations.
  • The growing trend of e-commerce and the introduction of digital wallets have driven banks to establish a cloud-based platform and secure channels for third-party payments. The drive to digitize and enable financial inclusion by the developing economies has led to the industry emerging as an attractive target for phishing activities and network-based cyberattacks.
  • According to Accenture, in 2019, the Digital-only banks operating in the United Kingdom could amass a total of 35 million customers globally within 12 months. This indicates that such an increase would require solutions like cloud storage to handle the surge, thereby boosting the cloud storage growth over the forecast period.
  • According to Capgemini, non-cash transactions are expected to witness a growth of 16.6% across the EMEA region, augmented by the full smartphone penetration and shift toward online banking, with transaction volumes expected to reach 72.8 billion by 2020.
  • Moreover, in December 2021, Generali, Accenture, and Vodafone have created a package of cyber security services to help the insurer's corporate clients detect, react and recover from cyber threats and incidents. Generali's new service will be offered globally, starting in Europe at the beginning of 2022.
europe enterprise firewall market forecast

Europe Enterprise Firewall Industry Overview

The Europe enterprise firewall market is highly competitive in nature and is mildly concentrated due to the presence of several international and national players. Major players in the enterprise firewall market include Cisco Systems, Dell Inc, Palo Alto Networks, Cisco systems, among others.

  • May 2020 - Fortinet launched the world’s first Hyperscale enterprise network firewall, Fortinet 4200F, which received a performance boost which is credited to a seventh-generation network processor that enables higher scalability and performance. FortiGate 4200F behaves as an integral part of the Fortinet Security fabric. It is engineered to enable an innovative, security-driven networking approach that seamlessly integrates networking with security.

Europe Enterprise Firewall Market Leaders

  1. Fortinet Inc.

  2. Palo Alto Networks Inc

  3. McAfee (Intel Security Group)

  4. Dell Inc

  5. Cisco Systems Inc.

*Disclaimer: Major Players sorted in no particular order

Fortinet Inc., Palo Alto Networks, McAfee , Dell Inc., Cisco Systems Inc., The Hewlett-Packard Company, Juniper Networks
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Europe Enterprise Firewall Market News

  • December 2020 - Capgemini has expanded the Group's CDC network by opening a new Cyber ​​Defense Center (CDC) in Eastern Europe, Poland. This new Polish CDC leverages Capgemini's global expertise in high-end services focused on data protection and threat intelligence to support organizations in Europe and around the world and protect digital and cloud conversion processes.
  • August 2020 - Infinity Labs launched Infinxt Secure SD WAN, a software-defined solution with an Inbuilt next-generation firewall (NGFW). The Infinxt SD WAN offers enterprise security with rapid and easy deployment, optimized cloud infrastructure, with inbuilt NGFW. The solution focuses on delivering a high-quality experience with business-centric applications without any compromise on security.

Europe Enterprise Firewall Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

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

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Market Drivers

      1. 4.3.1 Growth in demand of solutions which can help in mitigating risks

      2. 4.3.2 Regulatory pressures

      3. 4.3.3 Increasing security threats

    4. 4.4 Market Restraints

      1. 4.4.1 Laggard Attitude Towards Security by Some Enterprises

    5. 4.5 Impact of COVID-19 on the Enterprise Firewall Market

  5. 5. TECHNOLOGY SNAPSHOT

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type of Deployment

      1. 6.1.1 On-premise

      2. 6.1.2 Cloud

    2. 6.2 By Solution

      1. 6.2.1 Hardware

      2. 6.2.2 Software

      3. 6.2.3 Services

    3. 6.3 By Size of the Organization

      1. 6.3.1 Small to Medium Organizations

      2. 6.3.2 Large Organizations

    4. 6.4 By End-User Verticals

      1. 6.4.1 Healthcare

      2. 6.4.2 Manufacturing

      3. 6.4.3 Government

      4. 6.4.4 Retail

      5. 6.4.5 Education

      6. 6.4.6 Financial Services

      7. 6.4.7 Other End-User Verticals

    5. 6.5 By Country

      1. 6.5.1 Germany

      2. 6.5.2 United Kingdom

      3. 6.5.3 France

      4. 6.5.4 Russia

      5. 6.5.5 Spain

      6. 6.5.6 Others

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles*

      1. 7.1.1 Fortinet Inc.

      2. 7.1.2 Palo Alto Networks

      3. 7.1.3 McAfee (Intel Security Group)

      4. 7.1.4 Dell Inc.

      5. 7.1.5 Cisco Systems Inc.

      6. 7.1.6 The Hewlett-Packard Company

      7. 7.1.7 Juniper Networks

      8. 7.1.8 Check Point Software Technologies

      9. 7.1.9 Huawei Technologies Inc.

      10. 7.1.10 Sophos Group PLC

      11. 7.1.11 Netasq SA

      12. 7.1.12 WatchGuard Technologies

      13. 7.1.13 SonicWall Inc.

  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

*List Not Exhaustive
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Europe Enterprise Firewall Industry Segmentation

A firewall is a network device that monitors packets in and out of the network and blocks or allows packets according to rules set to define permitted and unauthorized traffic. Several types of firewalls have been developed over the years, becoming increasingly complex, taking more parameters into account when deciding whether to allow traffic through. Firewalls started as packet filters, but the latest ones do much more.

By Type of Deployment
On-premise
Cloud
By Solution
Hardware
Software
Services
By Size of the Organization
Small to Medium Organizations
Large Organizations
By End-User Verticals
Healthcare
Manufacturing
Government
Retail
Education
Financial Services
Other End-User Verticals
By Country
Germany
United Kingdom
France
Russia
Spain
Others
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Europe Enterprise Firewall Market Research FAQs

The Europe Enterprise Firewall Market is projected to register a CAGR of 6.7% during the forecast period (2023-2028).

Fortinet Inc., Palo Alto Networks Inc, McAfee (Intel Security Group), Dell Inc and Cisco Systems Inc. are the major companies operating in the Europe Enterprise Firewall Market.

Europe Enterprise Firewall Industry Report

Statistics for the 2023 Europe Enterprise Firewall market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Enterprise Firewall analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Europe Enterprise Firewall Report Snapshots

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