Next-Generation Firewall Market Overview

The global next-generation firewall market size is expanding exponentially. The market growth attributes to the growing numbers of enterprises and the increasing cyberattacks worldwide. Moreover, the increasing uses of IoT devices and automation across the industries escalate the market growth. Also, increasing needs for the security of on-cloud and onboard IoT devices boost the market growth.

With the rising demand for a small, embedded footprint, low power consumption, low latency, resilient communications, and privacy, the market is projected to grow hugely in the years to come. In this regard, Market Research Future (MRFR) asserts that the global next-generation firewall market is poised   Significant CAGR during the review period of 2020-2030

The growing adoption of industry-leading next-generation firewall capabilities and best-in-class Secure SD-WAN solutions substantiates the market revenues. Additionally, the rising demand for virtual WAN, enhanced ability to secure any application on the cloud, and foster secured on-cloud ramp-up increase the market size.

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Global Next-Generation Firewall Market - Segments

The report is segmented into security types, services, solutions, organization size, end-users, and regions. The security type segment is sub-segmented into unified threat management, firewall, network security, identity-based security, and others.

The service segment is bifurcated into managed services, professional services, support maintenance, training education, consulting services, system integrations, and others. The solution segment is sub-segmented into hardware, cloud, virtual, and others.

The organization size segment is sub-segmented into large enterprises and small medium enterprises. The end-user segment is sub-segmented into retail wholesale, manufacturing, healthcare, BFSI, education, IT telecommunications, government defense, and others. The region segment is bifurcated into the Americas, Europe, APAC, and the Rest-of-the-World.

Global Next-Generation Firewall Market - Regional Analysis

North America dominates the global next-generation firewall market. The wide uptake and advances in firewalls substantiate the market growth. Besides, increasing investments in cloud-based solutions drive the region’s market shares. The digital transformation, early adoption of cloud-based solutions, and increased cloud initiatives by the governments boost the market size. The North American next-generation firewall market is estimated to retain its dominance throughout the review period.

Global Next-Generation Firewall Market - Competitive Analysis

This market appears highly competitive and fragmented due to the presence of several well-established players. To gain a larger competitive share in the market, these players adopt strategies such as collaboration, acquisition, product/ technology launch, and expansion. Technology providers invest substantially in developing novel technologies and upgrades, focusing on optimized situational awareness to ensure their mission success.

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Major Players:

Players leading the next-generation firewall market are Juniper Networks, Inc. (US), Cisco Systems, Inc. (US), Fortinet, Inc. (US), WatchGuard Technologies, Inc. (US), Barracuda Networks, Inc. (US), Palo Alto Networks, Inc.,(US), Zscaler, Inc. (US), Forcepoint LLC (US), Check Point Software Technologies Ltd. (US), and Sophos Group Plc. (UK), among others.

Industry/Innovation/ Related News:

Nov. 4, 2021 --- Palo Alto Networks, a leading global cybersecurity enabler, announced extending its technology partnership with Siemens to improve the mission-critical networks' security and prevent the threat of cyberattacks on significant infrastructure.

These companies would integrate Palo Alto Networks’ VM-series virtual next-generation firewalls and Siemens’ Ruggedcom multi-service platforms to enable continuous, scalable hardware for customers to extend consistent security policy and visibility across IT, critical OT and industrial control systems (ICS) infrastructure.

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