Next-Generation Firewall Market Size, Trends, Growth Drivers, Key Players, Future Outlook, Development Status and Impact of COVID

Research Reports

Mar 10, 2022

Market Highlights

Market Research Future (MRFR) in its new “The Next-Generation Firewall Market” report, communicates that the market of next-generation firewall market is depended upon to make amazing increase across the gauge extended lengths of 2017 and 2023. MRFR uncovers that the general market of next-generation firewall is presumably going to thrive at a CAGR of around 11.4% and addition to a valuation of nearly USD 5 Billion by 2023.

Market Overview

Development in paces of cyberattacks, government’s serious rules on data security, and an extension in network wellbeing monetary plans are top factors that are supporting the gathering of next-generation firewall, which is presumably going to flood the market.

Potential cyberattacks, for instance, malware, electronic experience units, application-layer attacks, ransomware, and other assigned risks are climbing, as online generation of data is extending. Furthermore, the introduction of online applications and cloud development have added layers of the association framework, which can to enhance the invasion of malware and increase degree of data break and rise examples of malware. This is depended upon to assist the next-generation firewall with marketing, as the premium for a changed interpretation of association security is flooding. The coupling of accepted information and advanced specific authority that is given by the next-generation firewalls is depended upon to creep up abruptly for the market improvement. Attempts’ creating inclination towards can uphold the expansion of the market. Creating number of arrangements of electronic devices, for instance, mobile phones and adroit TVs, which are dealing with the relationship of web is considered to assist the expansion of the next-generation firewalls with marketing in the significant length of evaluation. Running against the standard, massive cost of foundation and backing can defeat the improvement of the market.

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Segmentation:

The next-generation firewall market is distributed by organizations, security type, plan, affiliation size, and end clients.

By security type, the market is divided into Firewall, Network Security, Unified Threat Management, Identity-based security, and others. By organizations, the market is divided into Consulting Service, System Integration, Managed Service, Professional Service, Training and Education, Support and Maintenance, and others. By size of affiliation, the market is separated into tremendous endeavors and little and medium undertakings (SMEs). By plan, the market is portrayed into Cloud, Virtual, Hardware, and others. By end-client, the market is partitioned into telecom and IT, clinical consideration, retail and markdown, government and defend, delivering, BFSI, preparing, and others.

Distinct Regional Analysis

The regional analysis of next-generation firewall market is done Asia pacific, North Americas, Europe and the Rest of the World. The next-generation firewall market in North America is most likely going to lead enlisting a high advancement rate in the extensive stretches of gauge. The presence of enormous number of server ranches and work areas in the US is depended upon to get huge balance for the improvement of the North America market. In Asia Pacific area, the next-generation firewall market is likely going to make high addition as a result of the extension in number of enormous business and privately owned business and the creating gathering of the better type of association security structure by them are depended upon to incite the improvement of the market advancement. The upsurge in the APAC next-generation firewall market can moreover be credited to the creating gathering of firewall by endeavors in the making locale of APAC.

Market Key Players

MRFR recorded a few prominent players of the next-generation firewall market. They are; Fortinet, Inc. (US), Cisco Systems, Inc. (US), Juniper Networks, Inc. (US), Barracuda Networks, Inc. (US), Forcepoint LLC (US), Palo Alto Networks, Inc. (US), WatchGuard Technologies, Inc. (US), Zscaler, Inc. (U.S), Sophos Group Plc. (UK), Check Point Software Technologies Ltd. (US), and others.

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Worldwide Next-Generation Firewall Market, by Security Type (Firewall, Unified Threat Management, Network Security, Identity-based security), By Solution (Cloud, Virtual, Hardware), By Organization Size, By Services, By End Users (Telecommunication and IT, Government and Defense, BFSI) – Forecast 2027

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At Market Research Future (MRFR), we empower our clients to disentangle the intricacy of different ventures through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.

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