Next-generation Firewall Market Prospects Outlook 2018-2025 and Top Key Players - Barracuda Networks, Check Point, Cisco, Forcepoint, Fortinet

Next-generation firewall market size was valued at $2,570.49 million in 2017, and is projected to reach $6,719.56 million by 2025, registering a CAGR of 12.9% from 2018 to 2025. The next-generation firewall (NGFW) refers to the third-generation of network firewall technology, which integrates additional capabilities such as in-line deep packet inspection (DPI), application-level traffic inspection, and intrusion prevention (IPS). Increase in IoT-based complex threat landscape, rise in number of data breach cases, and surge in demand for NGFW solutions supported by stringent government regulations for data safety & security boost the next-generation firewall market growth. However, certain factors such as shortage of cyber security skills and performance issues associated with cloud protection restrain the growth of the next-generation firewall industry.

Top Companies Covered in this Report:
Barracuda Networks, Check Point, Cisco, Forcepoint, Fortinet, Huawei, Juniper Networks, Palo Alto Networks, SonicWall, and Sophos

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The growth of the global next-generation firewall market size is driven by rise in demand for advanced cyber security solutions, development of IoT-based complex threat landscape, and enforcement of stringent government regulations for data security. Furthermore, performance issues associated with next-generation firewall solutions in cloud protection and lack of skilled professionals are expected to considerably impact the growth of the next-generation firewall market during the forecast period. Moreover, continuous increase in digital security spending and the emergence of firewall as a service are expected to be opportunistic for the global market during the forecast period.

Major Types of Next-generation Firewall covered are:
Hardware
Virtual
Cloud-based

Major Applications of Next-generation Firewall covered are:
Aerospace & Defense
BFSI
Public Sector
Retail
Healthcare
IT & Telecom
Energy & Utilities
Manufacturing
Others

The large enterprises segment dominated the overall next-generation firewall market share in 2017, owing to significant adoption of advanced security solution among large-sized organizations. Digital security has become a complex process in large-sized organizations to manage and secure massive volume of data, which promotes the adoption of NGFW solutions among them. However, the SMEs are expected to exhibit the highest growth rate during the forecast period, owing to growth in the need to implement advanced firewall technology, which can perform multiple functions and rise in IT security spending among these organizations.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Next-generation Firewall Market Size
2.2 Next-generation Firewall Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Next-generation Firewall Market Size by Manufacturers
3.2 Next-generation Firewall Key Players Head office and Area Served
3.3 Key Players Next-generation Firewall Product/Solution/Service
3.4 Date of Enter into Next-generation Firewall Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Next-generation Firewall Sales by Product
4.2 Global Next-generation Firewall Revenue by Product
4.3 Next-generation Firewall Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Next-generation Firewall Breakdown Data by End User

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In the last section of the report, the global Next-generation Firewall market additionally provides a detailed survey of the key competitors and the leading players in the market, based on the various objectives of an organization such as overview, profiling, product portfolio, the quantity of production, upstream raw material, downstream demand analysis, and the financial status of the organization. These key players have adopted the regional expansion, mergers & acquisitions, product portfolio expansion, partnerships, and collaborations as their key strategies to enhance their infiltration in the Global Next-generation Firewall Market.

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