The global next-generation firewall (NGFW) market size reached US$ 5.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.4 Billion by 2028, exhibiting a growth rate (CAGR) of 12.5% during 2023-2028.
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2. Report Description
About IMARC Group
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and regions to identify their highest-value opportunities, address their most critical
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clients achieve unmatchable competitive advantage, build more proficient organizations, and
secure lasting results.
3. Report Description
Report Description and Highlights
Global Next-Generation Firewall Market Research Report:
The latest report by IMARC, titled “Next-Generation Firewall Market: Global Industry Trends, Share,
Size, Growth, Opportunity and Forecast 2023-2028” finds that the global next-generation firewall
market size reached US$ 5.0 Billion in 2022.
Next-generation firewall (NGFW) refers to a network security device that offers application awareness
and control, integrated intrusion prevention, and cloud-delivered threat intelligence. It uses both static
and dynamic virtual private network (VPN) support and packet filtering to ensure that all connections
between the network, internet and firewall are secure and valid.
Nowadays, NGFW has gained momentum across the globe as it helps protect sensitive data, meet
compliance requirements, and guide organizations toward achieving digital transformation.
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4. Report Description
Report Description and Highlights
Global Next-Generation Firewall Market Trends:
With an increase in digital identities, there has been a massive rise in the instances of advanced cyber-attacks. This
has led to the rapid adoption of NGFW among organizations as it provides real-time threat intelligence and additional
security functions across data centers, the cloud, mobile, endpoint, and the internet of things (IoT) enabled devices.
NGFW is also a low-cost option for companies to improve their underlying security by incorporating antivirus,
firewalls and other security applications into one solution.
Besides this, a significant rise in government spending on developing cybersecurity infrastructure and comprehensive
research and development (R&D) activities are positively impacting the industry’s growth. Moreover, technological
advancements have prompted market players to introduce highly scalable, configurable and advanced security
solutions. On account of these factors, the market is expected to grow at a CAGR of 12.5% during the forecast period
(2023-2028).
Looking forward, the market value is projected to reach a strong growth during the forecast period
(2023-2028).
5. Report Description
Report Description and Highlights
Market Summary:
Breakup by Type:
• Solutions
• Hardware Solutions
• Software Solutions
• Services
• System Integration Services
• Consulting Services
• Support and Maintenance Services
• Training and Education Services
• Managed Services
Breakup by Deployment Type:
• Cloud-based
• On-premises
Breakup by Security Type:
• Firewall
• Unified Threat Management
6. Report Description
Report Description and Highlights
• Network Security
• Identity Based Security
• Others
Breakup by Organization Size:
• Small and Medium Enterprises (SMEs)
• Large Enterprises
Breakup by Vertical:
• Banking, Financial Services and Insurance (BFSI)
• IT and Telecom
• Government and Public Utilities
• Retail
• Education
• Healthcare
• Energy and Utilities
• Others
Breakup by Region:
• North America
7. Report Description
Report Description and Highlights
• United States
• Canada
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
9. Competitive Landscape with Key Players:
• Barracuda Networks Inc.
• Check Point Software Technologies
• Cisco Systems
• Forcepoint LLC
• Fortinet Inc.
• Gajshield Infotech Pvt Ltd.
• Hillstone Networks Co. Juniper Networks Inc.
• Palo Alto Networks Inc.
• Sonicwall Inc.
• Sophos Ltd.
• Zscaler Inc.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/next-generation-firewall-
market
Report Description
Report Description and Highlights
10. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients
11. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients