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Market Overview
This report describes the global market size of next-generation firewall Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and it is expected to grow with a CAGR of 11.02% from 2023 to 2030. This market expansion is being fueled by the increasing complexity of cyber threats, a growing reliance on cloud infrastructure, and the need for enhanced network visibility and control. Organizations are now more than ever prioritizing security solutions that not only protect against external threats but also offer advanced features for monitoring, detecting, and responding to internal vulnerabilities.
NGFWs differ from traditional firewalls by providing much more than basic packet filtering. They offer deep packet inspection (DPI), advanced threat protection, encrypted traffic inspection, and the ability to handle complex application traffic. As cybercriminals continually devise new tactics to infiltrate networks, the demand for these multi-layered security features has become a driving force behind the adoption of NGFW technology.
Major Key Players:
- Cisco Systems Inc.
- BARRACUDA NETWORKS, INC.
- Check Point Solution Technologies Ltd.
- Juniper Networks, Inc.
- Palo Alto Networks.
- Huawei Technologies Co., Ltd.
- Fortinet, Inc.
- Forcepoint LLC
- Sophos Ltd.
- Zscaler, Inc.
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Market Growth Drivers
Several key factors are contributing to the accelerated growth of the NGFW market:
- Escalating Cybersecurity Threats: The frequency and sophistication of cyberattacks have dramatically increased, with businesses facing a range of threats, including ransomware, malware, DDoS attacks, and advanced persistent threats (APTs). Traditional firewalls are no longer adequate to counter these evolving threats, thereby pushing organizations to adopt NGFW solutions that provide advanced threat intelligence and protection.
- Cloud Adoption and Digital Transformation: As enterprises increasingly migrate their operations to the cloud, there is a rising demand for robust, scalable security solutions that can protect cloud environments and hybrid infrastructures. NGFWs are well-positioned to secure cloud networks by offering flexible, cloud-native solutions that integrate seamlessly with cloud services and platforms.
- Regulatory Compliance: With stricter data protection regulations such as the GDPR in Europe, CCPA in California, and other global privacy laws, organizations must ensure that their networks are fully compliant. NGFWs play a crucial role in enforcing these regulations by providing tools for data security, user authentication, and secure communication channels.
- Internet of Things (IoT) Expansion: The growing number of IoT devices connected to enterprise networks further complicates security strategies. NGFWs help businesses safeguard against the risks associated with IoT, offering granular control over device access and monitoring network traffic to identify vulnerabilities and threats.
Market Trends
Several emerging trends are shaping the NGFW market:
- AI and Machine Learning Integration: NGFW vendors are increasingly integrating artificial intelligence (AI) and machine learning (ML) technologies to enhance threat detection and response times. These intelligent firewalls can analyze large volumes of data, identify suspicious patterns, and automatically mitigate risks, making them more proactive in defending against zero-day attacks and other novel threats.
- Next-Gen Firewall as a Service: With the rise of cloud computing, the adoption of NGFW as a service is gaining traction. Offering NGFW as a cloud-based service reduces the need for heavy capital investments and provides businesses with scalable, on-demand protection. This approach also simplifies deployment, reduces maintenance costs, and ensures that businesses stay updated with the latest security patches and upgrades.
- Unified Security Platforms: The trend towards consolidating security solutions into unified platforms is becoming more prominent. NGFW vendors are integrating other security features, such as Secure Web Gateways (SWG), Secure Access Service Edge (SASE), and advanced intrusion prevention systems (IPS), into their offerings, providing a more holistic approach to cybersecurity.
- Remote Work and Hybrid Work Environments: The growing prevalence of remote and hybrid work models has increased the demand for NGFWs with capabilities that extend beyond the perimeter. NGFWs now offer secure access for remote employees, including secure virtual private networks (VPNs), identity and access management (IAM) controls, and traffic inspection to protect against external and internal threats.
For competitor segment, the report includes global key players of next-generation firewall Market as well as some small players. The information for each competitor includes:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Component
Solution
Hardware
Virtual
Cloud-based
Services
Professional Services
Managed Services
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Market Outlook
The NGFW market is expected to continue its upward trajectory, driven by technological advancements and the evolving threat landscape. The shift towards hybrid and multi-cloud environments will further increase the demand for scalable, flexible, and high-performance firewalls that can provide robust protection across diverse infrastructures.
Geographically, North America currently dominates the NGFW market due to the high concentration of major cybersecurity players, advanced technological infrastructure, and the rapid adoption of NGFW solutions by enterprises. However, the Asia-Pacific (APAC) region is anticipated to experience the fastest growth in the coming years, as countries such as China, India, and Japan ramp up their digital transformation initiatives and face increased cybersecurity threats.
In conclusion, the NGFW market is on a strong growth trajectory, driven by the pressing need for enhanced cybersecurity solutions that can protect against advanced and evolving threats. As organizations continue to embrace digital transformation, cloud adoption, and hybrid work models, NGFWs will play a crucial role in safeguarding network infrastructures. The future of the NGFW market looks promising, with advancements in AI, machine learning, and cloud-based firewall services shaping the next generation of cybersecurity solutions.
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