Next-Generation Firewall Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
How Large Will the Next-Generation Firewall Market Size By 2025?_x000D_
The scale of the next-generation firewall market has seen a significant increase in the past few years. The market, which was valued at $5 billion in 2024, is projected to balloon to $5.44 billion in 2025, showing an annual compound growth rate (CAGR) of 8.6%. This growth over the historic period was largely due to the transition from traditional firewalls, the emergence of sophisticated threats, a greater focus on application security, and the growing need for mobile and remote access security, along with the evolution of network complexity._x000D_
_x000D_
How Big Is the Next-Generation Firewall Market Size Expected to Grow by 2029?_x000D_
Expected to experience swift expansion in the coming years, the size of the next-generation firewall market is projected to reach a staggering $9.03 billion by 2029, with a compound annual growth rate (CAGR) of 13.5%. This surge in growth over the forecast period can be linked to the escalating complexity of cyber threats, the security requirements of remote workforces, the move to the cloud and hybrid environments, the application of zero trust architecture, and the security of IoT devices. During the forecast period, significant trends are anticipated to include a heightened focus on IoT security, the integration of machine learning and AI, the capacity for SSL/TLS inspection, improved user identity management, adoption of zero trust architecture, and the prominence of cloud-based security solutions._x000D_
_x000D_
View the full report here: _x000D_
https://www.thebusinessresearchcompany.com/report/next-generation-firewall-global-market-report_x000D_
_x000D_
Which Key Market Drivers Powering Next-Generation Firewall Market Expansion and Growth?_x000D_
The anticipated growth of the next-generation firewall market is largely attributed to the increasing need for sophisticated cybersecurity solutions. These solutions utilize an amalgamation of technologies, methodologies, and protective measures to guard systems, networks, applications, devices, and data from cyber threats. Next-generation firewall is a third-generation firewall technology tailor-made to mitigate advanced security threats at the application tier. For example, the 2023 ASD Cyber Threat Report by the Australia-based federal agency, Australian Signals Directorate, noted in November 2023 that ReportCyber registered close to 94,000 cybercrime reports during the 2022-23 fiscal year. This figure denotes a 23% surge from the 2021-22 fiscal year. The financial impact of cybercrime on businesses escalated by 14%, causing small enterprises to lose an average of $46,000, medium enterprises $97,200, and large enterprises $71,600. Consequently, the increasing demand for sophisticated cybersecurity solutions is fuelling the expansion of the next-generation firewall market._x000D_
_x000D_
Get your free sample here:_x000D_
https://www.thebusinessresearchcompany.com/sample.aspx?id=9279&type=smp_x000D_
_x000D_
Which Fast-Growing Trends Are Poised to Disrupt the Next-Generation Firewall Market?_x000D_
Key players in the next-generation firewall market are concentrating on developing Machine Learning-enabled next-generation firewalls. These firewalls increase the effectiveness of threat detection, amplify network security, and automatically adapt to emerging cyber threats. These advanced firewalls incorporate machine learning technology to boost their capability in identifying and countering cyber threats. They make use of the most recent PAN-OS 11.0 Nova, designed to efficiently counter the most elusive of cyber threats. An example of this is Palo Alto Networks, Inc., a company based in the United States, which launched the PA-5400 and PA-400 Series of Machine Learning-powered next-generation firewalls in November 2022. The PA-5400 Series is engineered for environments requiring high performance, featuring models capable of delivering up to 61.5 Gbps of threat prevention throughput. The PA-400 Series is targeted at smaller businesses and distributed enterprises, boasting flexible deployment choices and a noiseless design thanks to its fan-less operation. Both these series deploy advanced machine learning methodologies for proactive threat detection and incorporate the Single Pass Parallel Processing (SP3) architecture, ensuring consistent performance._x000D_
_x000D_
What Are the Emerging Segments in the Next-Generation Firewall Market?_x000D_
The next-generation firewallmarket covered in this report is segmented - _x000D_
_x000D_
1) By Component: Solution, Services_x000D_
2) By Type: Hardware, Virtual, Cloud-Based_x000D_
3) By Enterprise Size: Large Size Enterprises, Small And Medium Sized Enterprises (SMEs)_x000D_
4) By Industry Vertical: BFSI, Retail, IT And Telecommunication, Healthcare, Energy And Utilities, Manufacturing, Government, Other Industry Verticals_x000D_
Subsegment: Professional Service, Managed Service, Support And Maintenance, Training And Education, Consulting Service, System Integration, Other Services_x000D_
_x000D_
Subsegments:_x000D_
1) By Solution: Hardware Appliances, Software-Based Firewalls, Cloud-Based Firewalls, Integrated Security Solutions _x000D_
2) By Services: Consulting Services, Installation And Integration Services, Managed Security Services, Support And Maintenance Services _x000D_
_x000D_
_x000D_
_x000D_
Tailor your insights and customize the full report here:_x000D_
https://www.thebusinessresearchcompany.com/customise?id=9279&type=smp_x000D_
_x000D_
Who Are the Global Leaders in the Next-Generation Firewall Market?_x000D_
Major companies operating in the next-generation firewall market include 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. _x000D_
_x000D_
Which are the Top Profitable Regional Markets for the Next-Generation Firewall Industry?_x000D_
North America was the largest region in the next-generation firewall market in 2024. Asia-Pacific is expected to be the fastest-growing region in the next-generation firewall market report during the forecast period. The regions covered in the next-generation firewall market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
_x000D_
Purchase the full report today:_x000D_
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9279_x000D_
_x000D_
This Report Supports:_x000D_
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions._x000D_
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning._x000D_
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks._x000D_
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work._x000D_
_x000D_
Learn More About The Business Research Company_x000D_
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead. _x000D_
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making._x000D_
_x000D_
Reach out to us:_x000D_
The Business Research Company: https://www.thebusinessresearchcompany.com/_x000D_
Americas +1 310-496-7795_x000D_
Europe +44 7882 955267_x000D_
Asia & Others +44 7882 955267 & +91 8897263534_x000D_
Email us at info@tbrc.info_x000D_
_x000D_
Follow Us On:_x000D_
LinkedIn: https://in.linkedin.com/company/the-business-research-company _x000D_
Twitter: https://twitter.com/tbrc_info _x000D_
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.