Global connectivity has grown, so too have the risks and threats to network security. Next-Generation Firewall solutions have proven to be indispensable and are an essential foundational element for network security. As such, a growing demand for progressive, protection technology is fueling rapid growth for the next-generation firewall market. NGFW solutions offer all the capabilities of a standard firewall solution however they also include Deep Packet Inspection (DPI), Intrusion Detection/Prevention System (IDS/IPS), email security and packet filtering.
Market Research Future’s detailed report takes a comprehensive look at the Next Generation Firewall Market to successfully identify challenges and factors affecting growth during the course of the forecast period. High demand for Next Generation Firewall is primarily due to the variety of applications, increased adoption of cloud-based services as well as NGFW’s ability to facilitate intelligent and thorough inspection. The report has projected an estimated evaluation of USD 4.69 billion by 2023 at a noteworthy 11.4% CAGR.
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- Security type – firewall, unified threat management (UTM), network security, identity-based security and others.
- Services – consulting services, system integration, professional services, managed services, support & maintenance, training & education and others.
- Organization size – small & medium enterprises (SMEs) and large enterprises.
- Solution – cloud, virtual, hardware and others
- End-user – telecommunication & IT, healthcare, retail & wholesale, manufacturing, government & defense, BFSI, education and others
- Region – North America, Europe, Asia Pacific (APAC), Rest of the World (ROW)
Emerging economies in the Asia Pacific such as China, Singapore, and India are progressively deploying NGFW solutions making APAC the fastest growing regional segment globally. Adoption of IoT and the aforementioned trend favoring BYOD in various industries combined with the sheer growth potential has made this region one to watch.
North America currently possesses a majority share in Next-Generation Firewall Market Size; this is primarily owing to the region’s continually swift adoption of relevant, current technologies. There is also a substantial presence of prominent market leaders in the continent, due to which there is an ongoing development of innovative solutions to ever increasing risks and threats. Europe, like North America, is a well-developed regional market segment that has witnessed significant growth. MRFR’s report projects continued growth for this region.
Analysis of eminent players in the market allows for identification of critical strategies used. Prominent players in the NGFW market include Fortinet Inc., Check Point Software Technologies Ltd., Sophos Group Plc., Cisco Systems Inc., Barracuda Networks Inc., Juniper Networks Inc., Palo Alto Networks Inc., WatchGuard Technologies Inc., Zscaler Inc., and Forcepoint LLC among others.
Latest Industry News
Cisco has revealed its intentions to provide an integrated solution to assist protection of data center workloads. The need to provide robust security in the face of ever-evolving cyber threats has prompted Cisco to combine its NGFW, Tetration, Stealthwatch and Application Centric Infrastructure (ACI) technologies to create an integrated solution.
Untangle Inc. has recently announced the availability of Untangle Next Generation Firewall on the public cloud for Firewall as a Service (FWaaS) deployments. The company, which specializes in network security for SMEs has updated their NGFW to simplify implementation of the same in Amazon Web Services under a Bring Your Own License (BYOL) model.
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