Next-Generation Firewall Market is expected to grow at USD $4.69 Billion by 2023, at 11.4% of CAGR

Global Next-Generation Firewall Market, by Security Type (Firewall, Unified Threat Management, Network Security, Identity-based security), By Solution (Cloud, Virtual, Hardware), By Organization Size, By Services, By End Users (Telecommunication and IT, Government and Defense, BFSI) – Forecast 2023

Market Highlights:

The study reveals that the market of Next-Generation Firewall is trending in North America region. The Next-Generation Firewall market is driven by the latest data and network security protection which is integrated with next generation firewall platform that reduce the complexity. A recent trend of providing superior scalability to meet the changing needs of business’s security.

The study also signifies that adoption of next-generation is blocking of more threats and is effective to the next-gen IPS and advanced malware protection firewall in North America. In these regions, the network security policy enforcement and network traffic inspection is considered and this leads to the gaining good pace of next generation firewall utilizations.

The Next-Generation Firewall delivers the security services such as firewall, intrusion prevention, and application control. The companies like Cisco Systems, WatchGurad and others are offering the great collection, enterprise-grade and best-in-class network security services to the organizations.

Whereas, the study indicates that Next-Generation Firewall is growing as the security threats are combating with kinds of threats that drives the market in North America Regions. Palo Alto offers protection to mobile security service extended with policy-based security to mobile devices. Whereas, some of the companies like Fortinet, FortiGate and among others offers a high-performance network security appliance that adds intrusion prevention, application control, and anti-malware.

The global The Next-Generation Firewall Market is expected to grow at USD ~$4.69 Billion by 2023, at ~11.4% of CAGR between 2017 and 2023.

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Major Key Players:

  • Cisco Systems, Inc. (US),
  • Fortinet, Inc. ( US),
  • Barracuda Networks, Inc. (US),
  • Juniper Networks, Inc. (US),
  • Palo Alto Networks, Inc. (US),
  • Forcepoint LLC (US),
  • Zscaler, Inc. (U.S),
  • WatchGuard Technologies, Inc. (US),
  • Sophos Group Plc. (UK)
  • Check Point Software Technologies Ltd. (US)

Regional Analysis:

The regional analysis of Next-Generation Firewall market is being studied for region such as Asia pacific, North Americas, Europe and Rest of the World. Where, North America is leading with the highest growth across the world, Europe region is chasing with high CAGR due to widely used in data center, enterprise, small business or home office in these regions. Asia-Pacific countries like China, Japan and India is on the upsurge of next level growth in the Next-Generation Firewall market.

Intended Audience

  • System Security
  • Government agencies
  • NGFW vendors
  • Managed Security Service Providers
  • Information Technology security agencies
  • Next-Generation Firewall Agencies
  • Network solution providers
  • Independent software vendors
  • Value-Added Resellers
  • Cyber security vendors
  • System integrators
  • Technology Integrators
  • Research/Consultancy firms

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The global Next-Generation Firewall market has been segmented on the basis of security type, services, organization size, Solution, end users and region.

Next-Generation Firewall Market by Security Types:

  • Firewall
  • Unified Threat Management
  • Network Security
  • Identity-based security
  • Others

Next-Generation Firewall Market by Services:

  • Consulting Service
  • System Integration
  • Professional Service
  • Managed Service
  • Support and Maintenance
  • Training and Education
  • Others

Next-Generation Firewall Market by Organization Size:

  • Small and Medium Enterprises
  • Large Enterprises

Next-Generation Firewall Market by Solution:

  • Cloud
  • Virtual
  • Hardware
  • Others

Next-Generation Firewall Market by End-User:

  • Telecommunication and IT
  • Healthcare
  • Retail and Wholesale
  • Manufacturing
  • Government and Defense
  • BFSI
  • Education
  • Others

Next-Generation Firewall Market by Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (ROW)

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