Why should you choose DIY vs Managed Firewall As a Service?
As companies move data and applications to the Cloud, the methods used to protect those assets have also had to evolve. Firewalls were initially designed in the 1990s to protect IT assets within the walls of an enterprise. However, as the Cloud changes the nature of the enterprise perimeter, firewalls have had to adapt to this new normal to cover the expanded and fuzzy enterprise perimeter. A cloud firewall uses an 'as-a-Service' (FWaaS) model of delivery to accommodate a cloud infrastructure's more complex security needs.
Cloud firewalls are deployed and managed in-house or using a managed service from a specialist provider.
As cloud computing has become ubiquitous, cyber-threats have followed. Regardless of size or industry, the modern enterprise must defend its assets from these threats. This situation is complicated by the massive attack surface created by cloud computing and the edge devices used to access cloud-based data and applications. According to Check Point Research, cybercriminals take advantage of new cloud-based exploitations, with cyber-attack volumes against corporate networks increasing by 50% in 2021.
When an enterprise commits to using a cloud firewall, they must decide if they have the in-house skills to choose, deploy, configure, and manage the service in-house or use a Managed Service Provider (MSP) to handle the FWaaS solution.
Managed Firewall as-a-service from the Cloud
The move to the Cloud has accelerated because of highly adaptive SD-WAN (Software Defined-Wide Area Network) solutions. For example, a cloud firewall can be bought as a service and easily integrated into an existing SD-WAN Edge (a physical or virtualised network function) or a virtualised environment.
What is the market value of managed Firewall?
The urgent need to protect cloud resources from sustained cyber-attacks has led to a massive increase in the market worth of cloud firewalls or Firewall-as-a-Service (FWaaS). Analysts value this buoyant market to be worth $8.28 billion by 2029, growing at a CAGR of 25.40% from a value of $0.3 billion in 2021.