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

Europe Enterprise Firewall Market Analysis

The Europe Enterprise Firewall Market size is estimated at USD 3.57 billion in 2024, and is expected to reach USD 6.32 billion by 2029, growing at a CAGR of 9.95% during the forecast period (2024-2029).

As the cybersecurity skills gap persists, enterprises in the coming years may seek firewalls as an optimal solution that is easier to manage and requires less specialized expertise for configuration and monitoring.

• Enterprise firewalls are essential 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.
• Moreover, Europe has some of the strictest data protection regulations worldwide, such as the General Data Protection Regulation (GDPR). For example, the European Data Protection Board (EDPB) is an independent organization responsible for ensuring that data protection laws are consistently followed across the entire European Union. The General Data Protection Regulation (GDPR) created the EDPB. Enterprises operating in the region are compelled to implement robust security measures, including firewalls, to ensure compliance with these regulations and protect user data.
• Moreover, the zero trust security model gained traction, emphasizing the principle of "never trust, always verify." Firewalls played a key role in enforcing access controls based on user identity, device posture, and other contextual factors. According to Okta's report, in 2021, 82% of European organizations boosted their Zero Trust expenditures, while no company in the region reported a drop. This occurs when budget cuts have been prevalent, highlighting the significance of Zero Trust as a security solution.
• With the emergence of cloud technology, firewalls are now being deployed, which offer 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.
• However, organizations with legacy systems or outdated network architectures in the region might need help with compatibility issues when implementing modern firewall solutions. This could delay or hinder the adoption of advanced firewalls.

Europe Enterprise Firewall Market Trends

Increasing adoption of Cloud Services among Enterprises to Drive the Market Growth

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, considering more parameters when deciding whether to allow traffic through. Firewalls started as packet filters, but the latest ones do much more.

The Europe enterprise firewall market is segmented by type of deployment (on-premises and cloud), solution ( hardware, software, and services), size of the organization (small to medium organizations and large organizations), end-user verticals (healthcare, manufacturing, government, retail, education, financial services, and other end-user verticals), country (Germany, United Kingdom, France, Russia, Spain, and Other Countries). The market sizes and forecasts are provided in terms of value in USD for all the above segments.