Next Generation Firewall Market Insights by Growth, Emerging Trends and Forecast by 2017-2032

Next Generation Firewall Market is expected to witness market growth at a rate of 11.9% in the forecast period of 2021 to 2028.

The third generation of network firewalls, known as NGFWs, control and secure data transmission from switches, servers, and routers. Whitelists or signature-based intrusion detection systems (IDS) are used to differentiate between safe and undesirable apps, and intrusion prevention and cloud-delivered threat intelligence are frequently integrated with it. NGFW can use both dynamic and static packet filtering, in contrast to the firewalls that were previously in use, to assure the advanced security of the network connections. The government and public sector, retail, healthcare, education, information technology (IT), energy, and manufacturing industries all find substantial use for these solutions as a result.

Market Dynamics
Key Drivers
The expansion of the next-generation firewall market is primarily driven by a few key factors, including an increase in the number of loT devices, one of the key market drivers. The demand for data security is rising globally as there are more internet of things (loT) devices and internet users, which is fueling the development of the next-generation firewall market. Growing internal and external dangers are another factor in the worldwide industry. The dangers to data are growing as a result of technological innovation, so businesses are now enhancing their security to safeguard their critical data. Businesses are using security solutions to protect their employees, which is fueling the market's expansion.

Restraints
The market for next-generation firewalls is experiencing several limitations that are preventing it from expanding. Although a next-generation firewall is very efficient, it is expensive, making it increasingly impossible for medium-sized businesses to buy one. One of the main limitations of the next-generation firewall is the expensive systems. Only large companies are able to use them because of the expensive systems. Small and medium-sized firms' continued use of antiquated technologies and traditional processes as well as their refusal to change them is another market restriction.

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Global Next Generation Firewall Market: Major Players
• Independent software vendors
• System integrators
• Network solution providers
• Cybersecurity vendors
• Value-Added Resellers (VARs)
• NGFW vendors
• Consulting firms
• Information Technology (IT) security agencies
• Managed Security Service Providers (MSSPs)
• Government agencies

Global Next Generation Firewall Market: Types
• Hardware
• Virtual
• Cloud

Global Next Generation Firewall Market: Applications
• Small and Medium Enterprises (SMEs)
• Large Enterprises

Global Next Generation Firewall Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Next Generation Firewall market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Questions Answered in This Report
1. What was the size of the global next-generation firewall (NGFW) market in 2021?
2. What is the expected growth rate of the global next-generation firewall (NGFW) market during 2022-2027?
3. What are the key factors driving the global next-generation firewall (NGFW) market?
4. What has been the impact of COVID-19 on the global next-generation firewall (NGFW) market?
5. What is the breakup of the global next-generation firewall (NGFW) market based on the type?
6. What is the breakup of the global next-generation firewall (NGFW) market based on the deployment type?
7. What is the breakup of the global next-generation firewall (NGFW) market based on security type?
8. What is the breakup of the global next-generation firewall (NGFW) market based on the organization size?
9. What is the breakup of the global next-generation firewall (NGFW) market based on the vertical?
10. What are the key regions in the global next-generation firewall (NGFW) market?
11. Who are the key players/companies in the global next-generation firewall (NGFW) market?

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