Global next-generation firewall market Development, Market Trends, Key Driven Factors, Segmentation and Forecasts to 2026

Posted May 14, 2020 by graciegarner16

Global next-generation firewall market is set to witness a healthy CAGR of 13.40% in the forecast period of 2019 to 2026.

These days many businesses are adopting a market research report solution. An escalating competition has kept many challenges in front of the businesses. To overcome these challenges and ride fast in the industry, this next-generation firewall market research report is the key. It explains various parameters throughout the report which analyses the market status in detail. To serve clients with the best in the industry, a team of experts, skilled analysts, dynamic forecasters and knowledgeable researchers work meticulously while preparing this report. Thus, this market research report is very imperative in many ways to raise your business and be successful.

Few of the major competitors currently working in the global next-generation firewall market are Fortinet, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Palo Alto Networks, Inc., Barracuda Networks, Inc., Forcepoint, Zscaler, Inc., Juniper Networks, Inc., WatchGuard Technologies, Inc., Sophos Ltd., GajShield Infotech (I) Pvt. Ltd., Hillstone Networks, Huawei Technologies Co., Ltd., SonicWall, NVIDIA Corporation, Untangle, Alibaba Cloud and others.

To craft this next-generation firewall report in an outstanding manner, most up-to-date and advanced tools and techniques have been utilized so that client achieves maximum benefits. This report makes available the germane information about your niche and hence saves a lot of time that you may otherwise put in for decision making. The company profiles of all the top market players and brands are included in this report which puts light on their moves like product launches, product enhancements, joint ventures, mergers and acquisitions and their effect on the sales, import, export, revenue and CAGR values.

Global next-generation firewall market is set to witness a healthy CAGR of 13.40% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market can be attributed due to increasing IoT trend, rise in number of data breach cases, and surge in demand for NGFW solutions supported by stringent government regulations for data safety & security boost the next-generation firewall market growth.

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Next-generation firewall can be defined as a process of collecting, archiving, managing and reporting logs. These logs are generated from various devices, including routers, servers, routers, and switches for firewalls. The next-generation firewall (NGFW) refers to third-generation network firewall innovation, integrating premium characteristics such as in-line deep packet inspection (DPI) and intrusion prevention (IPS), application-level traffic inspection capacities.

Key Developments in the Market:

In February 2017, Cisco Next-Generation Firewall has introduced the new Cisco Firepower 2100 Series. The 2100 series is intended for companies conducting large quantities of delicate operations, such as banking and retail, and supporting their need to preserve uptime and safeguard critical company tasks and data. This will provide security and confidence to pursue new digitalization opportunities to the company

In February 2017, Fortinet expanded its NGFW solution product portfolio by launching FortiGate 3980E and FortiGate 7060E. The FortiGate 3980E is the first safety device in the world to reach firewall efficiency of Tbps, and the FortiGate 7060E provides market-leading 100 Gbps of next-generation firewall capacity in a chassis form factor. This will perform to secure interconnectivity between data centers

Market Drivers and Restraints:

Increasing adoption of bring your own device (BYOD) in organizations is driving the growth of the market

Internal and external threats to an organization are rising rapidly due to advancement in technology

High functionalities of the NGFW solutions is fueling the market growth

An increasing number of electronic devices are getting connected to the internet, including, smart TVs, mobile devices, among others

High cost of NGFW solutions will restraint the market expansion

Rising adoption of unified threat management (UTM) solutions in small and medium sized enterprises hinders the market growth

The increasing competition with the traditional firewall systems is restraining the market growth

Major Highlights of TOC:

Chapter One: Next-Generation Firewall Industry Overview

1.1 Next-Generation Firewall Industry

1.1.1 Overview

1.1.2 Products of Major Companies

1.2 Next-Generation Firewall Segment

1.2.1 Industry Chain

1.2.2 Consumer Distribution

1.3 Price & Cost Overview

Chapter Two: Next-Generation Firewall Demand

2.1 Segment Overview



2.1.3 Other

2.2 Next-Generation Firewall Size by Demand

2.3 Next-Generation Firewall Forecast by Demand

Chapter Three: Next-Generation Firewall by Type

3.1 By Type

3.1.1 TYPE 1

3.1.2 TYPE 2

3.2 Next-Generation Firewall Size by Type

3.3 Next-Generation Firewall Forecast by Type

Chapter Four: Major Region of Next-Generation Firewall Market

4.1 Next-Generation Firewall Sales

4.2 Next-Generation Firewall Revenue & market share

Chapter Five: Major Companies List

Chapter Six: Conclusion


Various features and important queries have been answered in top-notch report

What are the market tools and techniques on the basis of which the Next-Generation Firewall market is evaluated?
Various market research tools and techniques such as PESTEL analysis, SWOT analysis, Porter’s Five Forces analysis, Primary and secondary research methodologies have utilized to dig deep into this Next-Generation Firewall market.

What all regions are covered in this Next-Generation Firewall market research report?
The focused regions are basically U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

How does this report prove to be beneficial for the readers?
The Next-Generation Firewall market report saves crucial time of the readers by providing deep and unbiased insights related to Next-Generation Firewall market under one roof. Additionally, this report can be customized according to the customers’ requirement. Specific regional wise or country wise analysis is also available as per on request.

In this section, various Next-Generation Firewall industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.

Sales and Revenue Analysis
Both, sales and revenue are studied for the different regions of the Next-Generation Firewall Market. Another major aspect, price, which plays an important part in the revenue generation, is also assessed in this section for the various regions.

Market Dynamics
The analysts explore critical influence factors, market drivers, challenges, risk factors, opportunities, and market trends in this section.

Application Usage
The section provides up-to-date information on the customer experience which can help identify the problems as well as detailed errors in the products. Through these findings, you will be able to provide solutions to it.

Key Segmentation of Next-Generation Firewall Market

By Solution

By Service

Professional Service
Consulting Service
Support and Maintenance
Training and Education
System Integration
Managed Service
By Organization Size

Small and Medium-sized Enterprises (SMEs)
Large Enterprises
By Vertical

Banking, Financial Services, and Insurance (BFSI)
IT and Telecom
Government and Public Utilities
Energy and Utilities
Others (Travel, Transport, and Manufacturing)
By Geography

North America
South America
Middle East and Africa
Competitive Analysis

Global next-generation firewall market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of next-generation firewall market for Global, Europe, North America, Asia Pacific and South America.

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Last Updated May 14, 2020