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:
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:
“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.
Global Next-Generation Firewall Market - Industry Trends and Forecast to 2026