Next Generation Firewall Market is Booming with Strong Growth Prospects | Key Players- Palo Alto Networks Inc., Huawei Technologies Co. Ltd., Check Point Software

The study focuses primarily on the market dynamics, demand range, and potential prospects of this industry over the forecast period in the latest report, with an overview of the Next Generation Firewall. In addition, in terms of trends, the study offers a comprehensive statistical analysis identifying the regional prospects and contributions of the leading industry shareholders.

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The market report on the Next Generation Firewall provides a comprehensive analysis of the global market size, regional and country market size, market growth segmentation, market distribution, competitive landscape, inventory levels, domestic and global market player effects, supply chain optimization, import restrictions, latest developments, opportunity analysis, and strategic market growth.

Key Factors
• Increasing internal and external threats
• An increasing trend of IoT
• High functionalities of NGFW solutions
• The high cost of NGFW systems

Competitive Backgrounds:

The points addressed in the analysis are the key industry players involved in the market, such as manufacturers, suppliers of raw materials, technology providers, end consumers, retailers, distributors and so on. Key players include Palo Alto Networks Inc., Huawei Technologies Co. Ltd., Check Point Software, Sophos Group Plc., Hillstone Networks, Untangle Inc., Barracuda Networks Inc., WatchGuard Technologies Inc., and Zscaler Inc.

COVID-19 Impact on the Market:

COVID-19 has significantly affected the environment with massive upheaval in all industries. The pandemic has suffered a significant economic setback. The study analyses these recent changes resulting from COVID-19, which have affected both producers and consumers.

The impacts, including possible opportunities and threats, variables and challenges, of the Covid-19 outbreak on the Next Generation Firewall market will be examined and analyzed. Based on various scenarios (optimistic, pessimistic, very optimistic, most likely, etc.), the impact assessment of the Covid-19 on the market and the outlook for market growth is given.

Key Developments:

In March 2018, Palo Alto Networks (US) acquired Evident.io, a leader in public cloud services infrastructure protection. The transaction will extend the leadership of Palo Alto Network in cloud security and will help in customizing the holistic cloud offering to address the critical security needs of today's enterprise customers as they adopt the cloud.

In May 2018, Barracuda Networks (US) introduced a new cloud-delivered web application firewall. The Barracuda WAF-as-a-Service simplifies and accelerates the deployment of web application security, builds the Barracuda's proven web application security technology, and protects against advanced layer 7 attacks, DDoS, SQL injection, zero-day threats, JSON threats, OWASP Top 10, etc.

Major Market Study Features

Overview of Market Study:

A basic overview of the industry is given in the study, including explanations and identifiers. The Next Generation Firewall analysis, including development trends, competitive landscape analysis, and development status of key regions are given for international markets.

Business Research Insights:

The Next Generation Firewall market study consists of an industry analysis and an estimation that is expected to expand by the end of the projected period. The study also includes intrinsic details of the numerous threats prevalent in this area, as well as the different growth prospects in this domain, including accurate market trends data that further incorporates the different driving forces that have affected this marketspace.

Segment in the Business:

By Enterprise Size (Small & Medium Enterprises, and Large Enterprises), By Service (Consulting, System Integration, Professional, Managed, Support & Maintenance, Training & Education, and Others), By Solution (Cloud, Virtual, Hardware, and Others), By Security Type (Firewall, Network Security, Identity-based Security, Unified Threat Management, and Others), By End-use Industry (Telecommunication & IT, Retail & Wholesale, Government & Defense, Manufacturing, BFSI, Education, Healthcare, and Others)

Business in the Regional:

• North America (US, Canada, Mexico), Market size, Growth Market size, growth & Opportunity Analysis, Future forecast & Opportunity Analysis
• Europe (Germany, Russia, UK, France, Italy, Spain, The Netherlands, Rest of Europe), Market size, growth, Future forecast & Opportunity Analysis
• Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Rest of Asia Pacific), Market size, Future forecast & Opportunity Analysis
• Middle East and Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), North Africa, South Africa, Rest of Middle East and Africa), Market size, Future forecast & Opportunity Analysis
• South America (Brazil, Argentina, Colombia, Rest of South America), Market size, Future forecast & Opportunity Analysis

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Frequently Asked Questions (FAQs):
1. What are the market opportunities, market risk, and market overview of the Next-Generation Firewall market?
2. What are the key drivers, restraints, opportunities, and challenges of the Next-Generation Firewall market, and how they are expected to impact the market?
3. What is the Next-Generation Firewall market size at the regional and country-level?

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