IMARC Group, a leading market research company, has recently releases report titled “Next-Generation Firewall Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global next-generation firewall (NGFW) market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the next-generation firewall (NGFW) market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 5 Billion |
| Market Forecast in 2028 | US$ 10.4 Billion |
| Growth rate (2023 to 2028) | CAGR of 12.5% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is next-generation firewall (NGFW)?
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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What are the growth prospects and trends in the next-generation firewall (NGFW) industry?
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.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 Region:
- 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
Who are the key players operating in the industry?
The report covers the major market players including:
- 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.
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