Next-Generation Firewall Market Size is growing at a rapid pace. Next-generation firewall is a process of collecting, archiving, managing, and reporting the logs, which are generated from various devices, such as firewalls, routers, servers, and switches. Next-Generation Firewall market is globally emerging across the world. The study shows a recent trend of adopting IoT App service is driving the Next-Generation Firewall Market. The high adoption is resulting in rise of specialized cloud set the stage for the growth for the Next-Generation Firewall market.
The study indicates that the next generation utilization is giving superior protection across the industries and it is cost-effective to enforce security policy, giving granular permission control over these entities.
According to Market Research Future Analysis, Global Next-Generation Firewall Market has been valued at US ~$4.69 Billion by the end of forecast period with ~11.4% of CAGR during forecast period 2017 to 2023.
Market Research Future (MRFR) recognizes the following companies as the key players in the Next-Generation Firewall Market: 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) and Check Point Software Technologies Ltd. (US) among others.
By end-user segment, the Telecommunication and IT sector would account for a largest users in Next-Generation Firewall market due to the benefits of application control and intrusion protection, as well as the greater understanding of security events integrated with the easy-to-use centralized management. The BFSI and government sector is also showing positive growth towards Next-Generation Firewall market as the growing trend of IoT that cause in advanced cyber-attacks such as DDoS, ransomware, advanced APT, and other sophisticated attacks in the digital systems have seen in this sectors.
By Region, MRFR analysis shows that North America accounted for the largest share of the Next-Generation Firewall market. This is measured as a strong presence of major vendors and the wide adoption of nextgen firewall services in almost all sectors including education, transport and among them. Next-Generation Firewall market in Asia-Pacific is expected to show the highest pace by using this advance firewall services in the forecast period.
For the purpose of this study, the global Next-Generation Firewall market has been segmented on the basis of security type, services, organization size, solution, end users and region. The report on Next-Generation Firewall contains detailed analysis with market size of each segment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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