Next-Generation Firewall Market 2022 Share, Size, Growth, Trends and Forecast 2027

    Rozer Smith

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    According to the latest report by IMARC Group, titled “Next-Generation Firewall Market: Global Industry Trends, Size, Share Growth, Opportunity and Forecast 2022-2027,” The global next-generation firewall (NGFW) market reached a value of US$ 4.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2027, exhibiting a CAGR of 13.83% during 2022-2027.

    We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

    Next-generation firewall (NGFW) represents a network security device that manages and secures data transmitted from servers, routers, and switches. It is usually integrated with intrusion prevention as well as cloud-delivered threat intelligence and utilizes whitelists or signature-based intrusion detection systems (IDS) to distinguish between unwanted and safe applications. In addition to this, the next-generation firewall uses both dynamic and static virtual private network (VPN) support and packet filtering to ensure that all connections between the network, internet, and firewall are secure and valid. Consequently, it finds extensive applications in various industries, including government and public sector, banking, financial services and insurance (BFSI), retail, healthcare, education, information technology (IT), energy, manufacturing, etc.

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    Market Trends

    Next-generation firewall (NGFW) represents a network security device that manages and secures data transmitted from servers, routers, and switches. It is usually integrated with intrusion prevention as well as cloud-delivered threat intelligence and utilizes whitelists or signature-based intrusion detection systems (IDS) to distinguish between unwanted and safe applications. In addition to this, the next-generation firewall uses both dynamic and static virtual private network (VPN) support and packet filtering to ensure that all connections between the network, internet, and firewall are secure and valid. Consequently, it finds extensive applications in various industries, including government and public sector, banking, financial services and insurance (BFSI), retail, healthcare, education, information technology (IT), energy, manufacturing, etc.

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    List of Key Companies Covered in this Market Report:

    Barracuda Networks Inc.
    Check Point Software Technologies
    Cisco Systems
    Forcepoint LLC
    Fortinet Inc.
    Gajshield Infotech Pvt Ltd.
    Hillstone Networks Co.
    Juniper Networks Inc.
    Palo Alto Networks Inc.
    Sonicwall Inc.
    Sophos Ltd.
    Zscaler Inc

    The report has segmented the market on the basis of type, deployment type, security type, organization size end-user and geography.

    Breakup by Type:

    Solutions
    Hardware Solutions
    Software Solutions
    Services
    System Integration Services
    Consulting Services
    Support and Maintenance Services
    Training and Education Services
    Managed Services

    Breakup by Deployment Type:

    Cloud-based
    On-premises

    Breakup by Security Type:

    Firewall
    Unified Threat Management
    Network Security
    Identity Based Security
    Others

    Breakup by Organization Size:

    Small and Medium Enterprises (SMEs)
    Large Enterprises

    Breakup by Vertical:

    Banking, Financial Services, and Insurance (BFSI)
    IT and Telecom
    Government and Public Utilities
    Retail
    Education
    Healthcare
    Energy and Utilities
    Others

    Breakup by Geography:

    North America (U.S. & Canada)
    Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
    Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
    Latin America (Brazil, Mexico)
    Middle East & Africa

    Key highlights of the report:

    Market Performance (2016-2021)
    Market Outlook (2022- 2027)
    Porter’s Five Forces Analysis
    Market Drivers and Success Factors
    SWOT Analysis
    Value Chain
    Comprehensive Mapping of the Competitive Landscape

    If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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