How big is the Hardware Firewall Market?

The Hardware Firewall Market size is expected to reach USD 20.58 billion in 2024 and grow at a CAGR of 11.15% to reach USD 34.92 billion by 2029. Read More

What is the current Hardware Firewall Market size?

In 2024, the Hardware Firewall Market size is expected to reach USD 20.58 billion. Read More

Who are the key players in Hardware Firewall Market?

Bitdefender, Cisco Systems, Inc., Cujo LLC, Fortinet Inc. and Palo Alto Networks Inc. are the major companies operating in the Hardware Firewall Market. Read More

Which is the fastest growing region in Hardware Firewall Market?

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

Which region has the biggest share in Hardware Firewall Market?

In 2024, the North America accounts for the largest market share in Hardware Firewall Market. Read More

What years does this Hardware Firewall Market cover, and what was the market size in 2023?

In 2023, the Hardware Firewall Market size was estimated at USD 18.29 billion. The report covers the Hardware Firewall Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hardware Firewall Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

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.

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.