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Next Generation Firewall Market 2022 Share, Size, Growth, Analysis, Trends and Forecast 2027

07-15-2022 06:15 AM CET | IT, New Media & Software

Press release from: IMARC Group

Next Generation Firewall Market 2022 Share, Size, Growth,

According to IMARC Group's latest report, titled "Next Generation Firewall Market: Industry Share, Size, Growth, Opportunity and Forecast 2022-2027." the global next-generation firewall (NGFW) market reached a value of US$ 4.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2027, exhibiting a CAGR of 13.83% during 2022-2027.

Next-generation firewall (NGFW) refers to a network security device that offers application awareness and control, integrated intrusion prevention, and cloud-delivered threat intelligence. It uses both static and dynamic virtual private network (VPN) support and packet filtering to ensure that all connections between the network, internet and firewall are secure and valid. Nowadays, NGFW has gained momentum across the globe as it helps protect sensitive data, meet compliance requirements, and guide organizations toward achieving digital transformation.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request Free Sample Report: https://www.imarcgroup.com/next-generation-firewall-market/requestsample

Market Trends

The rising threat of cyberattacks, along with the rapid adoption of the internet of things (IoT) technology across various industries, is one of the key factors driving the growth of the market. Owing to the increasing usage of bring your own device (BYOD), smartphones, social media, and cloud services, there is a significant rise in the instances of data thefts. This is encouraging organizations to adopt advanced security measures, such as NGFW, for data protection. Furthermore, increasing product adoption by the BFSI sector is acting as another growth-inducing factor. Resulting from an increasing need to protect high volumes of sensitive data, along with the widespread adoption of digital currency across the globe, banking institutions are adopting NGFW to secure payment gateways and transaction portals. Additionally, various technological advancements, such as the development of highly configurable and scalable NGFW systems, are also creating a positive outlook for the market. Other factors, including increasing governmental spending on improving cybersecurity systems and extensive research and development (R&D) activities, are projected to drive the market further. 

Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/next-generation-firewall-market

List of Key Companies Covered in this Market Report:

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

The report has segmented the market on the basis of type, deployment type, security type, organization size end-user and geography.

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 Geography:

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

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Related Report by IMARC Group:

Gaming Console Market Report: https://www.imarcgroup.com/gaming-console-market

Computer-Aided Engineering Market Report: https://www.imarcgroup.com/computer-aided-engineering-market

Data Center Cooling Market Report: https://www.imarcgroup.com/data-center-cooling-market

Digital Map Market Report: https://www.imarcgroup.com/digital-map-market

Application Delivery Controller Market Report: https://www.imarcgroup.com/application-delivery-controller-market

Workforce Management Market Report: https://www.imarcgroup.com/workforce-management-market

Edge Computing Market Report: https://www.imarcgroup.com/edge-computing-market

Contact US

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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