Market Snapshot:
The next-generation firewall is a system developed for the prevention of unauthorized access to or from any private network with advanced security to overcome the highly advanced cyber threats. The next-generation firewall is implemented in either hardware, software, or hybrid form. It combines a traditional firewall with other network device filtering functions such as in-line deep packet inspection, an intrusion prevention system, deep packet inspection that can push beyond protocol inspection, and blocking to add application-level inspection and collaborating with intelligence from outside the firewall.
Highlights from Next-Generation Firewall Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The key Players profiled in the report are Cisco Systems, Inc. (United States), Fortinet (United States), Check Point Software Technologies (Israel), Palo Alto Networks, Inc. (United States), Juniper Networks, Inc. (United States), Forcepoint (Raytheon Company) (United States), Zscaler (United States), Barracuda Networks, Inc. (United States), WatchGuard Technologies (United States) and Sophos Ltd. (United Kingdom). Additionally, other players that are part of this comprehensive study are SonicWall (United States) and Hillstone Networks Co (China).
Geographic Breakdown and Segment Analysis
The Global Next-Generation Firewall market presents a comprehensive analysis of the Next-Generation Firewall market by product type (Hardware, Virtual and Cloud), by end-user/application (Large Size Enterprise, Medium Size Enterprise and Small Size Enterprise), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Next-Generation Firewall industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Next-Generation Firewall market
Analyst at AMA have segmented the market study of Global Next-Generation Firewall market by Type, Application and Region.
Influencing Trend:
Increasing Adoption of Next-Generation Firewall by Large Size Enterprise and Surging Trend of Internet of Things
Market Growth Drivers:
Need for Absolute Protection in Rapidly growing Threat Environment and Demand for Fast, Reliable and Effective Network
Challenges:
Low degree of Awareness about the Highly Advanced Cyber Attacks, Presence of traditional firewalls and Problems with the Sizing of the Firewall
Restraints:
High Cost Involved in the Hardware System of Next-Generation Firewall and Stringent Regulatory Guidelines Regarding Next-Generation Firewall
Opportunities:
Technological Advancement in Firewall Deployment and Shifting Interest of IT Professionals Towards Virtual Next-Generation Firewall
Market Developments Activities:
On 18th February 2020, Fortinet a global leader in broad, integrated and automated cybersecurity solutions, unveiled the FortiGate 1800F Next-Generation Firewall (NGFW) powered by NP7, the company’s seventh-generation network processor, to enable today’s largest enterprises to achieve true internal segmentation as well as unprecedented scale, performance, detection, and enforcement capabilities.
Key Target Audience
Next-Generation Firewall System Providers, Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others