GLOBAL NEXT GENERATION FIREWALL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global next generation firewall market has been witnessing growth rapidly over the past few years. Factors such as rising need for advanced network security solutions amid the growing sophistication of cyber threats and increasing reliance on internet-based applications are boosting demand for next generation firewall solutions globally. Next generation firewalls offer advanced features as compared to traditional firewalls such as integrated IPS, application awareness and control, cloud-based security, and others. These ensure robust security for organizations against both known and unknown threats while also simplifying network management and security administration. With more organizations embracing digital transformation and storing critical data online, the need for next generation network security is expected to further accelerate in the near future.

Market Dynamics:

Global next generation firewall market is witnessing significant growth due to growing complexity of cyber threats and increasing dependence on web-based applications for business operations. However, high initial investment requirements for deployment of next generation firewalls is a major factor restraining market growth. Factors such as rising demand for cloud-based next generation firewall solutions as well as growing adoption of IoT devices are expected to offer lucrative growth opportunities for market players. The integration of advanced technologies including AI, machine learning and big data analytics in next generation firewall platforms also presents new opportunities. However, the complexity of managing hybrid network infrastructures and the need for constant upgradations could challenge the market's growth prospect to a certain degree over the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global next generation firewall market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global next generation firewall market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Cisco Systems, Juniper Networks, Fortinet, Palo Alto Networks, Barracuda Networks, Forcepoint, Zscaler, Watchguard Technologies, Sophos, Check Point Software Technologies, Hillstone Networks, Huawei Technologies, Untangle, Stormshield, SonicWall, NetGate, Smoothwall, Sangfor Technologies, Microsoft, and VMware
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, product up-gradation, market expansion, and marketing tactics
• Global next generation firewall market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation:

• By Component
• • Solution
  • Services
• By Deployment
• • On-premises
  • Cloud
• By Organization Size
• • Large Enterprises
  • SMEs
• By Industry Vertical
• • BFSI
  • IT & Telecom
  • Government & Defense
  • Healthcare
  • Retail & eCommerce
  • Others
• By Region
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Cisco Systems
  • Juniper Networks
  • Fortinet
  • Palo Alto Networks
  • Barracuda Networks
  • Forcepoint
  • Zscaler
  • Watchguard Technologies
  • Sophos
  • Check Point Software Technologies
  • Hillstone Networks
  • Huawei Technologies
  • Untangle
  • Stormshield
  • SonicWall
  • NetGate
  • Smoothwall
  • Sangfor Technologies
  • Microsoft
  • VMware