Global Next-Generation Firewall Market, By Solution (Hardware, Virtual, Cloud-based), Service (Professional Service, Managed Service), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), Vertical (BFSI, Retail, IT and Telecom, Government and Public Utilities, Healthcare, Energy and Utilities, Education, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Next-Generation Firewall Market
The next-generation firewall market is expected to witness market growth at a rate of 11.9% in the forecast period of 2021 to 2028. Data Bridge Market Research report on next-generation firewall market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in SMS fraudulent activities globally is escalating the growth of next-generation firewall market.
Next-generation firewall refers to a process of collecting, archiving, managing and reporting logs and is generally generated from various devices such as servers, switches and routers for firewalls. NGFW is defined as third-generation network firewall innovation, incorporating premium characteristics including application-level traffic inspection capacities and in-line deep packet inspection (DPI) and intrusion prevention (IPS).
The rapid penetration of Internet of Things across the globe, acts as one of the major factors driving the growth of next-generation firewall market. The increase in the adoption of next-generation firewall for effectively managing logs while ensuring the integrity and improved business continuity and high demand for dealing with a huge amount of computer-generated log data accelerate the market growth. The rise in the demand for more comprehensive NGFW services for enabling protection of complex network infrastructure due to the sophistication level in the cyberattacks, and increase in the number of internal and external threats, further influence the market. Additionally, urbanization and digitization, expansion of end use industries and high use in security events and network activities positively affect the next-generation firewall market. Furthermore, single vendor firewall deployment extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the NGFW Systems and high adoption of UTM solution in SMEs and SOHOs are expected to obstruct the market growth. The presence of traditional firewalls is projected to challenge the next-generation firewall market in the forecast period of 2021-2028.
This next-generation firewall market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on next-generation firewall market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Next-Generation Firewall Market Scope and Market Size
The next-generation firewall market is segmented on the basis of solution, service, organization size and vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of solution, the next-generation firewall market is segmented into hardware, virtual, and cloud-based.
- On the basis of service, the next-generation firewall market is segmented into professional service, and managed service.
- On the basis of organization size, the next-generation firewall market is segmented into small and medium-sized enterprises, and large enterprises.
- On the basis of vertical, the next-generation firewall market is segmented into BFSI, retail, IT and telecom, government and public utilities, healthcare, energy and utilities, education and others.
Global Next-Generation Firewall Market Country Level Analysis
The next-generation firewall market is analyzed and market size, volume information is provided by country, solution, service, organization size and vertical as referenced above.
The countries covered in the next-generation firewall market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the next-generation firewall market due to the developed economies of the US and Canada, and high focus on innovations obtained from research and development, and security technologies within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the rise in adoption of IoT devices and BYOD technologies in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Next-Generation Firewall Market Share Analysis
The next-generation firewall market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to next-generation firewall market.
The major players covered in the next-generation firewall market report 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, and Alibaba Cloud among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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