According to IMARC Group’s latest report, titled “Next Generation Firewall Market Size: Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026.” the global next-generation firewall (NGFW) market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 12% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Next generation firewall (NGFW) stands for the third generation of network firewall that manages and secures data transmission process. It is typically integrated with intrusion prevention and cloud-delivered threat intelligence. The firewall utilizes whitelists or signature-based intrusion detection systems (IDS) to assess safe and unsafe applications. NGFW can use both dynamic and static packet filtering to enhance network connection security.
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The high prevalence of cyberattacks and pervasive use of the Internet-of-Things (IoT) across various industries are augmenting the demand for NGFW. Additionally, the growing adoption of NGFW in several organizations for data security against the risk of data thefts, is also driving the market growth. The increasing penetration of smartphones, social media, and cloud services has augmented the demand for high-end data security solutions. Furthermore, the rising need to secure sensitive data, payment gateways, and transaction portals, along with the widespread adoption of digital currency, has raised the demand for NGFW in the BFSI sector. Moreover, several technological innovations have led to the introduction of highly configurable and scalable NGFW systems, thereby bolstering the market. In the coming years, the rising governmental investments to improve cybersecurity systems are anticipated to propel the next-generation firewall market.
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List of Key Companies Covered in this Market Report:
Barracuda Networks Inc.
Check Point Software Technologies
Gajshield Infotech Pvt Ltd.
Hillstone Networks Co.
Juniper Networks Inc.
Palo Alto Networks Inc.
The report has segmented the market on the basis of type, deployment type, security type, organization size end-user and geography.
Breakup by Type:
System Integration Services
Support and Maintenance Services
Training and Education Services
Breakup by Deployment Type:
Breakup by Security Type:
Unified Threat Management
Identity Based Security
Breakup by Organization Size:
Small and Medium Enterprises (SMEs)
Breakup by Vertical:
Banking, Financial Services, and Insurance (BFSI)
IT and Telecom
Government and Public Utilities
Energy and Utilities
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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