Press release
Next-generation Firewall Market worth $11.70 billion by 2030, growing at a CAGR of 11.34% - Exclusive Report by 360iResearch
Next-generation Firewall Market | 360iResearch
The Global Next-generation Firewall Market to grow from USD 5.51 billion in 2023 to USD 11.70 billion by 2030, at a CAGR of 11.34%.
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The Next-Generation Firewall (NGFW) is an integrated network platform combining a traditional firewall with other network device filtering functionalities, including an application firewall using in-line deep packet inspection (DPI), an intrusion prevention system (IPS). The evolving complexity of cyber threats drives demand for NGFWs capable of dynamic and context-aware security measures. Stringent data protection regulations across the globe necessitate advanced security measures, thereby bolstering the adoption of NGFWs.Increasing digitization initiatives help migrate businesses to cloud and digital platforms, escalating the need for robust cybersecurity measures to secure critical data and infrastructure. However, lack of skilled personnel for effective utilization of advanced features of NGFWs may limit the market expansion. Ensuring compatibility and interoperability with existing security systems and network infrastructure may pose challenges for market growth. Moreover, leveraging AI and machine learning algorithms to enhance threat detection capabilities and automate response actions create opportunities for market expansion. Integrating Zero Trust Network Access (ZTNA) principles into NGFWs to provide more secure and controlled access to resources in a distributed network environment may also create growth potential in the market space.
In the Americas region,the NGFW market is driven by stringent regulatory requirements and a high cybersecurity awareness among businesses. The United States and Canada have a significant presence of market players, escalating demand for advanced security solutions. Canada's emphasis on data protection laws has influenced the NGFW market, with organizations prioritizing advanced security solutions, offering granular control and visibility. The NGFW market in the EMEA region is largely influenced by the General Data Protection Regulation (GDPR), which mandates robust data security measures. EU customers strongly prefer NGFW solutions that ensure compliance and offer advanced data protection features, such as encryption and intrusion prevention systems. In the Middle East, digital transformation initiatives across various sectors are driving the demand for NGFW solutions. Africa's NGFW market is in its nascent stages but shows promise due to increased internet penetration and a growing awareness of cyber threats. In the APAC region, the NGFW market is expanding rapidly due to rising emphasis on digital transformation and the establishment of stricter cybersecurity laws. Japan's mature market for NGFW is driven by a highly tech-savvy consumer base and a strong regulatory framework for cybersecurity. India's rapidly growing digital economy has propelled the demand for NGFW solutions, particularly for cloud and hybrid environments. The focus is on scalable, flexible solutions that offer cost-effectiveness without compromising on security, contributing to the market growth in the region.
Market Segmentation & Coverage:
This research report categorizes the Next-generation Firewall Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Cloud, Hardware, and Virtual. The Hardware is projected to witness significant market share during forecast period.
Based on Enterprise Size, market is studied across Large Size Enterprises and Small & Medium Sized Enterprises. The Small & Medium Sized Enterprises is projected to witness significant market share during forecast period.
Based on Industry Vertical, market is studied across BFSI, Energy & Utilities, Government, Healthcare, IT & Telecommunication, Manufacturing, and Retail. The Energy & Utilities is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 41.40% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Next-generation Firewall Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Next-generation Firewall Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Next-generation Firewall Market, highlighting leading vendors and their innovative profiles. These include Atrity Info Solutions Private Limited, Barracuda Networks, Cato Networks, Check Point Software, Cisco Systems, Inc., CrowdStrike, Dell Technologies, Easi, Forcepoint, Fortinet Inc., Hillstone Networks, Huawei Technologies Co. Ltd., Juniper Networks Inc. by Hewlett Packard Enterprise, New H3C Technologies Co., Ltd., Nomios Group, NordLayer, Palo Alto Networks Inc., Sangfor Technologies, SonicWall, Sophos Technologies Pvt. Ltd., Versa Networks, WatchGuard, and Zscaler Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Next-generation Firewall Market, by Product
7. Next-generation Firewall Market, by Enterprise Size
8. Next-generation Firewall Market, by Industry Vertical
9. Americas Next-generation Firewall Market
10. Asia-Pacific Next-generation Firewall Market
11. Europe, Middle East & Africa Next-generation Firewall Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Next-generation Firewall Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Next-generation Firewall Market?
3. What is the competitive strategic window for opportunities in the Next-generation Firewall Market?
4. What are the technology trends and regulatory frameworks in the Next-generation Firewall Market?
5. What is the market share of the leading vendors in the Next-generation Firewall Market?
6. What modes and strategic moves are considered suitable for entering the Next-generation Firewall Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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