Global Next-Generation Firewall Market: Upgradation of Technology and Availability of Virtual form of NGFW Enhancing the Growth Rate

Global Next-Generation Firewall Market

Next-generation firewall is the third-generation of firewall technology, which operates beyond the port/protocol inspection to provide enterprises with application-level inspection, intrusion prevention and providing high levels of intelligence available from outside sources. This generation of firewall includes the existing characteristics of the original firewall with value-adding additions to its operating capabilities.

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The main factors behind the growth of the market are:

  • Increasing adoption of bring your own device (BYOD) in organizations: Requirements for better firewall requirements and security offerings from the various organizations is due to the trend of these organizations in focusing on bring your own device trend in their organizational operations. This trend gives rise to the requirement of various different organizations to implement the next-generation security infrastructure as they do not want to give unauthorized access to these wide variety of devices
  • Internal and external threats to an organization are rising rapidly: The advancements in networking technology also brings about a number of rising threats as greater capabilities for network connectivity essentially translates to enhanced accessing capabilities to external threat-causing sources. Along with the external factors, internal threats for organizations are also on a significant rise as a number of devices in an organization vulnerable to different cyber-attacks are very high in volume. The combined concerns for security is expanding the rate at which these organizations are employing external solutions for advancing their enterprise security

The market is segmented on the basis of solution as hardware, virtual, cloud-based; service as professional service, managed service; organization size as SMEs, large enterprises; vertical as BFSI, retail, IT & telecom, government & public utilities, healthcare, energy & utilities, education, others.

Some of the recent market developments are as follows:

  • In February 2019, Palo Alto Networks, Inc. announced the launch of upgradations to its next-generation firewall offering. The upgradations involve the usage of predictive analytics and automation, along with a variety of new features and tools for enhanced implementation of next-generation firewall. The upgraded version is being termed as “PAN-OS version 9.0”, and along with the various features Palo Alto also enhanced the hardware for their next-generation firewall platform
  • In February 2018, Palo Alto Networks, Inc. announced the availability of upgraded hardware and enhancement of their “PAN-OS” operating systems enabling their consumers to better implement and automate the security for different application-based controls. Palo Alto introduced “PAN-OS Version 8.1”, “PA-3200” series, “PA-5280” series, “PA-220R” and two new models for “M-Series” management appliances

“According to Data Bridge Market Research, global next-generation firewall market is expected to be growing at a healthy CAGR of 13.40% during the forecast period of 2019 to 2026”

Some of the major players operating in the market are Fortinet, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Palo Alto Networks, Inc., Barracuda Networks, Inc., Forcepoint, Zscaler, Inc., Juniper Networks, Inc., WatchGuard Technologies, Inc., Sophos Ltd., GajShield Infotech (I) Pvt. Ltd., Hillstone Networks, Huawei Technologies Co., Ltd., SonicWall, NVIDIA Corporation, Untangle, Alibaba Cloud and others.

The market for next-generation firewall is being revolutionized with the upgradations that the different IT providers are focusing on, one of which is the virtual form of next-generation firewall. This form of security provides the similar security services of the physical next-generation firewall in a virtual form factor that is designed for a wide-range of deployment areas ranging from private and public cloud environments. This technological trend provides an effective form of security deployment in a more cost-effective way and therefore the market can be hopeful of extending their revenue generating capabilities.