Next-Generation Firewall Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance. Next-Generation Firewall Market size is projected to reach a CAGR of 11.9% from 2023-2030.
The NGFW refers to the third generation of network firewalls that manages and secures data transmitted from routers, servers, and switches. It is often integrated with intrusion prevention and cloud-delivered threat intelligence and utilizes whitelists or signature-based intrusion detection systems (IDS) to distinguish between safe and unwanted applications.
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In comparison to the previously used firewalls, NGFW can use both dynamic and static packet filtering that ensures the advanced security of the connections in the network. Owing to this, these solutions find extensive applications across the banking, financial services and insurance (BFSI), government and public sector, retail, healthcare, education, information technology (IT), energy, and manufacturing industries.
The rising in cyber threats and security breaches increased the demand for advanced security solutions. At the same time, the organization facing security threats with the adoption of cloud-based services and an increase in the use of mobile devices. Hence, increased utilization among various organizations of next-generation firewall network security devices contributes to addressing the issues related to security systems. Further, the rising trend of adopting Bring Your Own Device (BYOD) policies, which have made network security more complex and challenging generated the need for more specialized network systems. All these issues are prone to network security, risk related to cyber-attacks and the industry’s requirement to comply with the highest security standards continues to drive the growth of the next-generation firewall market in the next coming years.
Companies Profiled:
Barracuda Networks, Inc., Check Point Software Technologies Ltd., Forcepoint LLC, Fortinet, Inc., GajShield Infotech (India) Pvt. Ltd., Hillstone Networks, Juniper Networks, Inc., Palo Alto Networks, Inc., SonicWall, Inc., Sophos Ltd. and Zscaler, Inc. and More
Next-Generation Firewall Market Segmentations:
By Type
· Solution,
· Services
By Deployment type
· Cloud-based,
· On-premises
By Region
· North America,
· Europe,
· Asia-Pacific,
· Middle East and Africa, and
· South America
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North America to Dominate the Market
· North America dominates the next-generation firewall market due to the developed economies of the US and Canada, and high focus on innovations obtained from research and development, and security technologies within the region.
· Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2028 because of the rise in adoption of IoT devices and BYOD technologies in the region.
Recent Developments
· May 17, 2022 - Barracuda Cloud Application Protection strengthens web application and API security, adds account takeover protection, boosts client-side supply chain attack protection, and includes new technology integration with Venafi.
· February 25, 2022 - Barracuda Networks, Inc. announced its new regional Cloud-to-Cloud Backup data centre in India to meet growing demand for data protection services in the country and better serve local customers. The addition also includes two new regional data centres in France and United Arab Emirates (U.A.E). This makes a total of 10 regions for the solution, and customers’ Office 365 backup data will be stored locally within each region, a key requirement for customers operating in regulated industries or in countries with data protection laws.
Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors.
· Gain authentic and granular data access for Next-Generation Firewall Market so as to understand the trends and the factors involved behind changing market situations.
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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In addition to the market data for Next-Generation Firewall Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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