Global Next-Generation Firewall Market is valued at USD 8.13 Billion in 2022 and it is expected to reach USD 18.94 Billion by 2029 with a CAGR of 12.84% over the forecast period.
The global next-generation firewall Market has been valued at a major level as per the research and there are projections for it to reach unprecedented levels in the years to come by. The next-generation firewall is the third-generation of the technology of network firewall that integrates the additional capabilities like the in-line inspection of deep packets, the traffic inspection at application level and the prevention of intrusion. The increase in the companies based on IOT complex threat and the rise in the number of cases of breach of data as well as the surging demand for the solutions of NGFW have been supported by the stringent regulations of the government for the safety and security of data. All these factors have been boosting the growth in the global next-generation firewall market. Though there are a few factors that are restraining the growth of the global next-generation firewall market like the lack of skills in terms of cyber security and the issues of performance which are associated with the protection of cloud in the industry of firewall.
The Detailed Market intelligence report on the Global Next-Generation Firewall Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Global Next-Generation Firewall Market place for the forecast 2022-2029.
The growth in the global next-generation firewall market has been driven by the rise in the demand of the solutions of cyber security as well as the stringent regulations which the governments have been imposing for the security of data. Moreover, the issues associated with the firewall solutions have been expected to propel the global next-generation firewall market growth. The spending at a continuous pace has been increasing in the digital security and the service of firewall has emerged as a major service and these are key opportunities for the global next-generation firewall market in the period of forecast.
The segment which has dominated the global next-generation firewall market has been the large enterprises with their share being the most when the last report had been taken and this was due to the major levels of adoption of the solutions of the advance security in the organizations which are big in size. It is a complex process in the larger organizations and requires a large scale of management of a sizeable amount of volumes and this is something that creates a demand for the next-generation firewall market in the period of forecast. The greatest growth is expected to be seen in the SMEs segments and this is due to the growth of the firewall technology that is advanced and can at the same time perform a lot of functions in these organizations.
Global Next-Generation Firewall Market research report is a proficient and in-depth research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific). It covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key Vendors operating in this Global market.
The global next-generation firewall market has also been dominated by the BFSI segment and this is only due to the rise in the data of customers and the increase in the volumes of data and many endpoints as well as the mobile devices that are susceptible to the threats of brand damage. At the same time, the segment of healthcare has been expected to show a growth at the higher rate because of the trends which are ongoing with regard to the digitalization of the industry of healthcare and the increasing breaches of security which are related to the medical records as well as the medical devices and the healthcare organization data which are fueling the demands for the solutions of firewall and are driving the global market for next-generation firewall.
The region of North America has governed the global next-generation firewall market share particularly when it comes to the revenue as there is a major adoption of the advanced solutions of cyber security and this has been supported by a few factors like the rising number of attacks but the market of Asia-Pacific has been touted to see the biggest amount of growth in the coming years.
• Rest of Europe
• South Korea
• Rest Of APAC
• Rest of South America
Middle East and Africa
• Saudi Arabia
• South Africa
• Rest Of MEA
|Historical data||2016 - 2021|
|Forecast Period||2022 - 2029|
|Market Size in 2022:||USD 8.13 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||12.84%|
|Market Size Expected in 2029:||USD 18.94 Billion|
|Tables, Charts & Figures:||175|
|Companies||Barracuda Networks, Check Point, Cisco, Forcepoint, Fortinet, Huawei, Juniper Networks, Palo Alto Networks, SonicWall, Sophos|
|Segments Covered||By Component, By Type, By Organization Size, By Industry Vertical.|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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