Today, attacks are more about bots, login abuse, API scans, ransomware attempts, and large traffic floods. That is where FWaaS helps, because protection can be updated quickly without changing hardware.
After many years in hosting, my view is simple:
A hardware firewall is best when you need fixed, high-performance protection inside a data center.
A software firewall is best for server-level control and custom rules.
FWaaS is best when you need fast changes, multiple locations, or easier management.
For dedicated servers, FWaaS is often the smartest first layer, while a local software firewall remains the second layer. Security today works best in layers, not with one device alone.