Next-Generation Firewall Market
The global Next-Generation Firewall (NGFW) Market growing at a significant rate.
They are an integral component of any network security architecture and Due to the
high-risk business environment, third-generation devices are now expected to defend
against increasingly sophisticated attack tactics.
On the basis of the component, due to its various applications, the solution segment
has a greater market share in 2019 and is projected to expand at a faster pace.
On the basis of delivery type, with a large number of SMEs adopting the type, cloud-
based firewall is the fastest growing delivery type in the next-generation firewall
On the basis of Industry Vertical, by 2025, the government and public utilities are
projected to have the largest market share. During the forecast period, however, BFSI
is projected to rise at the fastest pace.
On the basis of Organization Size, with the growing cyber threat, SMEs are projected
to account for the largest market share this year and rise at the fastest pace.
On the basis of Service, in the next-generation firewall industry, the technical service
segment had a larger share.
The increasing sophistication of virtualized networks and the global adoption of cloud
computing are two major trends currently influencing the next-generation firewall
Growing adoption of IoT devices and multiple connected devices necessitates a
resource-efficient protection solution capable of providing defensive capabilities
against a variety of Internet-based attacks.
High deployment costs hinder the adoption of next-generation firewalls by small and
medium businesses, posing a challenge to the industry at this time.
During the forecast time, APAC will be the fastest growing market due to rapid
digitalization and IoT adoption.
Cisco Systems, Inc., Check Point Software Technologies Ltd, Palo Alto Networks,
Inc., Barracuda Networks, Inc., Fortinet, Inc., Sonicwall Inc., Zscaler, Inc., Forcepoint
LLC, Juniper Networks,