Next-Generation Firewall Market PESTEL Analysis, SWOT Analysis, CAGR 13.1% and Value Chain Study to 2027 | Huawei Technologies Co. Ltd., Fortinet Inc., Barracuda Networks Inc

Report Ocean releases its latest report on the global Next-Generation Firewall Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Next-Generation Firewall Market.

The global Next-Generation Firewall Market s forecast to grow at a compound annual growth rate (CAGR) of 13.1% during the forecast period from 2021-2027.

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Growth drivers

Enforcement of government initiative for cybersecurity

Governments across the globe have taken several regulatory initiatives regarding data security to overcome the issue of data breaches. These cybersecurity regulations aim to mandate organizations to defend their systems and information from cyberattacks. Industry regulations such as the Health Insurance Portability and Accountability Act (HIPAA), etc. promote the adoption of advanced cybersecurity solutions in critical industries such as BFSI, healthcare, and government. These regulations, in turn, build pressure on the organizations to set up enhanced security infrastructure and to promote the adoption of advanced security solutions such as next-generation firewalls. As a result, these regulations propel the growth of the global next-generation firewall market.

The rising IoT trend

Internet of things (IoT) is a key trend that is propelling the next-generation firewall market. Currently, small and large enterprises are adopting IoT for leveraging advanced business models such as pay-per-usage, asset sharing, generating real-time operational insights, which includes, outcome-based models, equipment monitoring, and security issue identification. While the adoption of IoT devices improves business productivity, such tools can easily fall prey to cyber-attacks as they are connected to the internet and other networks. As a result, most of the companies are deploying next-generation firewall solutions for providing defensive competencies against the different applications.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Next-Generation Firewall Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Next-Generation Firewall Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Next-Generation Firewall Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Next-Generation Firewall Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Next-Generation Firewall Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Next-Generation Firewall Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Next-Generation Firewall Market provides insight into the factors influencing its growth. This market study breaks down the Next-Generation Firewall Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Next-Generation Firewall Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Next-Generation Firewall Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Next-Generation Firewall Market are:

Palo Alto Networks Inc., Cisco Systems, Sophos Ltd., Juniper Networks, Dell Technologies, Sonicwall Inc., Huawei Technologies Co. Ltd., Fortinet Inc., Barracuda Networks Inc., Forcepoint LLC, WatchGuard Technologies Inc., Check Point Software Technologies Ltd., Hillstone Networks, Kaspersky Lab, Sophos Technologies Pvt. Ltd (Cyberoam), Untangle Inc., GajShield Infotech Pvt. Ltd., Zscaler Inc., NVIDIA Corporation,

Scope of the Report

The global Next-Generation Firewall Market segmentation focuses on:

By Component

•      Solution

o    Hardware

o    Virtual

o    Cloud

•      Service

o    Professional Service

o    Consulting Service

o    Support and Maintenance

o    Training and Education

o    System Integration

o    Managed Service

By Organization Size

•      Small and Medium Enterprises (SMEs)

•      Large Enterprises

By Vertical

•      Banking, Financial Services, and Insurance (BFSI)

•      Retail

•      IT and Telecom

•      Government and Public Utilities

•      Healthcare

•      Energy and Utilities

•      Education

•      Others (Travel, Transport, Manufacturing, etc.)

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