Next-Generation Firewall Market: Steady Growth, Technological Advance, and Forecasts for 2025-2034

Exponential growth is projected for the global next-generation firewall market due to the rising complexities of cyber threats, implementing zero trust architecture, and increased dependence on IoT security.

What Is The Projected Market Size Of The Global Next-Generation Firewall Market And Its Growth Rate?

• The next-generation firewall market experienced strong growth recently. It was valued at $5 billion in 2024 and is expected to increase to $5.48 billion in 2025 with a compound annual growth rate (CAGR) of 9.5%.
• Growth during this period is attributed to transitioning from traditional firewalls, increase in advanced threats, focus on application security, mobile and remote access security needs, and complex network evolution.
• The market is forecasted to grow to $9.23 billion in 2029 at a CAGR of 13.9%, driven by rising complexity of cyber threats, remote workforce security, cloud migration and mixed environments, zero trust architecture, and IoT device security.

What Is Driving The Growth In The Next-Generation Firewall Market?

The increasing demand for advanced cybersecurity solutions is expected to propel next-generation firewall market growth. The solutions include technologies, processes, and safeguards to protect against cyberattacks targeting systems, networks, programs, devices, and data. Next-generation firewalls, as third generation firewall technologies, tackle advanced security threats at the application level. For instance, Australia's federal agency, The Australian Signals Directorate, reported in their 2023 ASD Cyber Threat Report that ReportCyber received nearly 94,000 cybercrime reports during the financial year 2022-23, a 23% increase from 2021-22. Cybercrime cost to businesses rose by 14%, with small businesses losing an average of $46,000, medium businesses $97,200, and large businesses $71,600. As such, the heightened demand for advanced cybersecurity solutions is driving the growth of the next-generation firewall market.

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Who Are the Key Players Driving Next-Generation Firewall Market Growth?

• Cisco Systems Inc.
• Barracuda Networks Inc.
• Check Point Solution Technologies Ltd.
• Juniper Networks Inc.
• Huawei Technologies Co. Ltd.
• Palo Alto Networks Inc.
• Forcepoint LLC
• WatchGuard Technologies Inc.
• SonicWall Inc.
• Hillstone Networks Co
• Sangfor Technologies
• Fortinet Inc.
• Sophos Technologies Pvt. Ltd.
• Untangle Inc.
• GajShield Infotech Pvt. Ltd.
• SEQRITE
• Stormshield SAS
• AhnLab Inc.
• Comodo Group Inc.
• Netgate Inc.
• OPNsense
• pfSense
• Smoothwall Ltd.

What Are The Key Trends In The Next-Generation Firewall Market?

• IoT security focus
• Machine learning and AI integration
• SSL/TLS inspection capability
• Enhanced user identity management
• Zero trust architecture adoption
• Adoption of cloud-based security solutions.

What Are The Segments Of The Global Next-Generation Firewall Market?

• Component: Solution, Services
• Type: Hardware, Virtual, Cloud-Based
• Enterprise Size: Large Size Enterprises, Small And Medium Sized Enterprises (SMEs)
• Industry Vertical: BFSI, Retail, IT And Telecommunication, Healthcare, Energy And Utilities, Manufacturing, Government, Other Industry Verticals

Which Region Leads The Next-Generation Firewall Market?

North America was the largest region in the next-generation firewall market in 2024, however, rapid growth is expected in the Asia-Pacific region during the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The Next-Generation Firewall Market Global Market Report?

- Market Size Analysis: Analyze the Next-Generation Firewall Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Next-Generation Firewall Market for effective categorization.

- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Next-Generation Firewall Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Next-Generation Firewall Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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