Next-Generation Firewall Market Worth 4.69 Billion USD by 2023: According to MRFR Analysis

PUNE, India, 2017-Jun-29 — /EPR Network/ — Global Next-Generation Firewall Market, by Security Type (Firewall, Unified Threat Management, Network Security, Identity-based security), By Solution (Cloud, Virtual, Hardware), By Organization Size, By Services, By End Users (Telecommunication and IT, Government and Defense, BFSI) – Forecast 2023

Market Highlights

The study reveals that the market of Next-Generation Firewall is trending in North America region. The Next-Generation Firewall Market is driven by the latest data and network security protection which is integrated with next generation firewall platform that reduce the complexity. A recent trend of providing superior scalability to meet the changing needs of business’s security.

The study also signifies that adoption of next-generation is blocking of more threats and is effective to the next-gen IPS and advanced malware protection firewall in North America. In these regions, the network security policy enforcement and network traffic inspection is considered and this leads to the gaining good pace of next generation firewall utilizations.

The Next-Generation Firewall market is growing rapidly over 11.4% of CAGR and is expected to reach at USD ~$4.69 billion by the end of forecast period.

Next-Generation Firewall Market Players:

• Cisco Systems, Inc. (US)
• Fortinet, Inc. (US)
• Barracuda Networks, Inc. (US)
• Juniper Networks, Inc. (US)
• Palo Alto Networks, Inc. (US)
• Forcepoint LLC (US)
• Zscaler, Inc. (U.S)
• WatchGuard Technologies, Inc. (US)
• Sophos Group Plc. (UK)
• Check Point Software Technologies Ltd. (US)

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Next-Generation Firewall Market Segmentation

The Next-Generation Firewall Market has been segmented on the basis of security type, services, organization size, solution, end users and region. Looking through the end-user segment it has been observed that government and defense along with BFSI is showing a large scale of usage firewall protection for securing all kind of confidential data and also enables safe Internet use simultaneously protecting from threats and malware. The analysis indicates that the other sectors like small or large-scale industries is also showing the interest towards Next-Generation Firewall.

Market Research Analysis:

On geographic basis, Next-Generation Firewall market is studied in different regions as North Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading in the field of Next-Generation Firewall market as virtualization and cloud computing and high-profile security breach is a key driving for Next-Generation Firewall market.

Europe region is also showing a positive curve towards the growth of the Next-Generation Firewall market. The developing economies in Asia-pacific regions like China, Japan, India and others are showing high adoption of next generation firewall in the small, medium and large-scale enterprises.

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Intended Audience

– System Security

– Government agencies

– NGFW vendors

– Managed Security Service Providers

– Information Technology security agencies

– Next-Generation Firewall Agencies

– Network solution providers

– Independent software vendors

– Value-Added Resellers

– Cyber security vendors

– System integrators

– Technology Integrators

– Research/Consultancy firms

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