Next-Generation Firewall Market Worth US$ 9.6 Billion by 2027 at CAGR of 13.83% | IMARC Group

 IMARC Group has recently released a new research study titled “Next-Generation Firewall Market: Global Industry Trends, Size, Share Growth, Opportunity and Forecast 2022-2027,” the global next-generation firewall (NGFW) market reached a value of US$ 4.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2027, exhibiting a CAGR of 13.83% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Next-generation firewall (NGFW) represents a network security device that manages and secures data transmitted from servers, routers, and switches. It is usually integrated with intrusion prevention as well as cloud-delivered threat intelligence and utilizes whitelists or signature-based intrusion detection systems (IDS) to distinguish between unwanted and safe applications. In addition to this, the next-generation firewall uses both dynamic and static virtual private network (VPN) support and packet filtering to ensure that all connections between the network, internet, and firewall are secure and valid. Consequently, it finds extensive applications in various industries, including government and public sector, banking, financial services and insurance (BFSI), retail, healthcare, education, information technology (IT), energy, manufacturing, etc.

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Market Trends

Next-generation firewall (NGFW) represents a network security device that manages and secures data transmitted from servers, routers, and switches. It is usually integrated with intrusion prevention as well as cloud-delivered threat intelligence and utilizes whitelists or signature-based intrusion detection systems (IDS) to distinguish between unwanted and safe applications. In addition to this, the next-generation firewall uses both dynamic and static virtual private network (VPN) support and packet filtering to ensure that all connections between the network, internet, and firewall are secure and valid. Consequently, it finds extensive applications in various industries, including government and public sector, banking, financial services and insurance (BFSI), retail, healthcare, education, information technology (IT), energy, manufacturing, etc.

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List of Key Companies Covered in this Market Report:

• Barracuda Networks Inc.
• Check Point Software Technologies
• Cisco Systems
• Forcepoint LLC
• Fortinet Inc.
• Gajshield Infotech Pvt Ltd.
• Hillstone Networks Co.
• Juniper Networks Inc.
• Palo Alto Networks Inc.
• Sonicwall Inc.
• Sophos Ltd.
• Zscaler Inc.

The report has segmented the market on the basis of type, deployment type, security type, organization size end-user and geography.

Breakup by Type:

• Solutions
  • Hardware Solutions
  • Software Solutions
• Services
  • System Integration Services
  • Consulting Services
  • Support and Maintenance Services
  • Training and Education Services
  • Managed Services

Breakup by Deployment Type:

• Cloud-based
• On-premises

Breakup by Security Type:

• Firewall
• Unified Threat Management
• Network Security
• Identity Based Security
• Others

Breakup by Organization Size:

• Small and Medium Enterprises (SMEs)
• Large Enterprises

Breakup by Vertical:

• Banking, Financial Services and Insurance (BFSI)
• IT and Telecom
• Government and Public Utilities
• Retail
• Education
• Healthcare
• Energy and Utilities
• Others

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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