Next-Generation Firewall Market: Global Industry Analysis and Opportunity Assessment; 2018 – 2023

The Next-Generation Firewall market 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.

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Key Players:

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.

Regional Analysis:

The regional analysis of Next-Generation Firewall market is being studied for region such as Asia pacific, North Americas, Europe and Rest of the World. Where, North America is leading with the highest growth across the world, Europe region is chasing with high CAGR due to widely used in data center, enterprise, small business or home office in these regions. Asia-Pacific countries like China, Japan and India is on the upsurge of next level growth in the Next-Generation Firewall market.

Next-Generation Firewall Market Segmentation

The Next-Generation Firewall Market has been segmented on the basis of security type, services, organization size, solution, end users and region. Looking through the end-user segment it has been observed that government and defense along with BFSI is showing a large scale of usage firewall protection for securing all kind of confidential data and also enables safe Internet use simultaneously protecting from threats and malware. The analysis indicates that the other sectors like small or large scale industries is also showing the interest towards Next-Generation Firewall.

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