The global FWaaS market is estimated to grow at a significant rate of 19.8% during the forecast period. Factors that are propelling the market growth include increasing adoption of cloud-based services, increasing adoption of FWaaS in various industry verticals, shifting trends towards bring your own device (BYOD) and increasing concern regarding data security and privacy. Moreover, elimination of the upfront investment cost, rapid up-gradation of and alteration to firewall protocols, and seamless scalability and reduced operational cost are further expected to augment the market growth.