Smart Firewall Market Size

Smart Firewall Market size was valued at USD 10.09 billion in 2024 and is set to exceed USD 34.42 billion by 2037, registering over 9.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of smart firewall is evaluated at USD 10.94 billion.

The growth of the market can be attributed to the security provided by smart firewall against improper connection attempts, port scans, and intrusions, and blocks cybercriminals and other unauthorized traffic. The rising incidences of cybercrimes is estimated to drive the market growth. Moreover, the increasing trend of IoT (Internet of Things) among common public, with global IoT market crossing the revenue share of over USD 200 billion in 2019, along with rising internal and external privacy breaches through internet, is expected to boost the smart firewall market growth.