Global Next-Generation Firewall Market

Dec 2018| VMR603A| Verified Market Research

Report Highlights

The Global Next-Generation Firewall Market was valued at USD 2.25 billion in 2016 and is projected to reach USD 6.60 billion by 2025, growing at a CAGR of 12.65% from 2017 to 2025.

A Next-Generation Firewall (NGFW) is a part of the third generation of firewall technology, combining a traditional firewall with other network device filtering functionalities, such as an application firewall using in-line deep packet inspection (DPI), an intrusion prevention system (IPS). Benefits of next-generation firewall include – application awareness, multi-functional, streamlined infrastructure, have high network speed, and provide threat protection.

Market Dynamics:
1. Market Drivers
1.1 Rising single vendor firewall deployment
1.2 Growing opportunities in virtual NGFW
1.3 Increasing adoption of NGFW solutions
1.4 Growing internal and external threats
2. Market Restraints
2.1 Increasing cost of NGFW systems
2.2 Competition with traditional firewalls
2.3 Increasing adoption of UTM solutions in small and medium businesses

Market Segmentation:
The Global Next-Generation Firewall Market is segmented on the basis of organization size, component, application, and region.
1. By Organization Size:
1.1 Large Companies
1.2 Small and Medium Businesses

2. By Component:
2.1 Solution
2.1.1 Virtual
2.1.2 Hardware
2.1.3 Cloud
2.2 Service
2.2.1 Managed Service
2.2.2 Professional Service
2.2.3 System Integration
2.2.4 Training and Education
2.2.5 Consulting Service
2.2.6 Support and Maintenance

3. By Application:
3.1 Government
3.2 IT and Telecommunications
3.3 Banking, Financial Services, and Insurance (BFSI)
3.4 Retail
3.5 Healthcare
3.6 Education
3.7 Others

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Cisco Systems, Inc.
2. Sonicwall Inc.
3. Palo Alto Networks, Inc.
4. Zscaler, Inc.
5. Barracuda Networks, Inc
6. Forcepoint LLC
7. Check Point Software Technologies Ltd.
8. Juniper Networks, Inc.
9. Fortinet, Inc.
10. Hillstone Networks
11. Gajshield Infotech (I) Pvt. Ltd.
12. Sophos, Ltd

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:

Research study on the Global Next-Generation Firewall Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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