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Hardware Firewall Market Outlook (2026-2031) Featuring Profiles of Fortinet, Palo Alto Networks, Cisco Systems, Check Point Software Technologies, Juniper Networks and More

globenewswire.com
FTNT Fortinet's 23% year-over-year support-services revenue increase indicates growing managed-services adoption, aligning with market trends towards outsourcing and professional support for complex AI-accelerated appliances. CSCO Cisco Systems is listed as a company in the hardware firewall market. The article forecasts strong growth for the overall market, implying potential benefits for established players like Cisco, but no specific sentiment is detailed for the company. CHKP Check Point Software Technologies is mentioned as a participant in the hardware firewall market. The article highlights a positive growth forecast for the sector, suggesting a favorable environment for companies like Check Point, but provides no direct sentiment analysis for the company.

Dublin, Jan. 26, 2026 (GLOBE NEWSWIRE) -- The "Hardware Firewall - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)" has been added to ResearchAndMarkets.com's offering.

The global hardware firewall market, valued at USD 22.87 billion in 2025, is forecasted to surge to USD 41.62 billion by 2031, securing a CAGR of 10.52% from 2026 to 2031. This growth trajectory is fueled by increasing zero-trust mandates in governmental and critical-infrastructure networks, accelerated edge-computing adoption, 5G densification, and the significant rise in encrypted traffic.

While device/system hardware leads revenue, managed services are growing at a faster pace as enterprises transition from capital-intensive purchases to outcome-based contracts. Large enterprises invigorate refresh cycles with terabit-class appliances, and SMEs contribute to growth through unified-threat platforms. North America remains a market leader, but Asia-Pacific is expanding rapidly as China, India, and ASEAN nations strengthen regulatory frameworks in alignment with global cybersecurity norms.

Hardware Firewall Market Trends and Insights

Segment Analysis

In 2025, device/system hardware captured 63.12% of the market, favored for its ASIC-based throughput required for encrypted traffic inspection. However, services, projected to double by 2031 with a CAGR of 12.72%, show organizations outsourcing management and incident responses to service vendors. Large enterprises maintain investment in high-performance hardware, while SMEs benefit from vendor-hosted solutions, alleviating staffing issues.

Zero-trust architectures prompt enterprises to deploy hardware appliances for enforcement, increasingly paired with managed services subscriptions. Fortinet's 23% year-over-year support-services revenue increase indicates growing managed-services adoption, where integration complexity around AI-accelerated appliances heightens demand for professional support.

In 2025, large enterprises accounted for 68.12% of market share, driven by refresh cycles in sectors like BFSI and telecoms. SME engagement shows a 12.94% CAGR, narrowed by adoption of cloud-managed consoles and flexible vendor financing. Regulatory compliance incentives and bundled service solutions are pulling SMEs into advanced protection, as demonstrated by the U.K. Cyber Security Breaches Survey 2024, which reported 75% of SMEs deploying at least one firewall.

Comprehensive regional analysis reveals that North America retained 38.20% market revenue in 2025, benefiting from extensive federal cybersecurity investments and demand from tech sectors. Asia-Pacific holds the fastest CAGR at 12.44% through 2031, with national policies such as China's Data Security Law and India's digital economy initiatives driving growth. Europe continues on a steady path, bolstered by GDPR and NIS2 compliance. Meanwhile, the Middle East and Africa witness acceleration from Vision 2030 in Saudi Arabia and the UAE's digital roadmap.

Key Topics Covered:

A selection of companies mentioned in this report includes, but is not limited to:

For more information about this report visit https://www.researchandmarkets.com/r/o75crx

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