The global next-generation firewall market is expected to reach USD 5.5 billion by 2025, growing at a CAGR of 12.4% during the forecast period. Introduction of virtual next-generation firewall providing security to the virtual network will be a key opportunity for the global NGFW market in near future.
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Government and public utilities are expected to account the largest market share by 2025
On the basis of industry vertical, the market is segmented into banking, financial services, and insurance (BFSI), retail, IT and telecommunications, government and public utilities, healthcare, energy and utilities, and others. Government and public utilities are expected to account the largest market share by 2025. However, BFSI is expected to grow at fastest rate during the forecast period.
Geography Insight
Geographically, North America followed by Europe is the largest next-generation firewall market in terms of revenue. Being home of several large economies and financially and technologically advanced region, these regions captures a major market share of NGFW.
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Competitive Insight
Some of the key players operating in the next-generation firewall market are Cisco Systems, Inc., Check Point Software Technologies Ltd, Palo Alto Networks, Inc., Barracuda Networks, Inc., Fortinet, Inc., Sonicwall Inc., Zscaler, Inc., Forcepoint LLC, Juniper Networks, Hillstone Networks, Sophos Ltd., and Gajshield Infotech (I) Pvt. Ltd.
Global Next-Generation Firewall Market Coverage
Component Insight and Forecast 2015 – 2025
Solution
Services
Delivery Type Insight and Forecast 2015 – 2025
Hardware
Virtual
Cloud
Service Insight and Forecast 2015 – 2025
Professional
Consulting
Support and Maintenance.
System Integration
Managed
Organization Size Insight and Forecast 2015 – 2025
Large Enterprises
Small & Medium Enterprises
Industry Vertical Insight and Forecast 2015 – 2025
BFSI
Retail
IT & Telecommunications
Government and Public Utilities
Healthcare
Energy and Utilities
Other
Geographical Segmentation
Next-Generation Firewall Market by Region
North America
By Component
By Delivery Type
By Service
By Organization Size
By Industry Vertical
By Country – U.S., Canada, and Mexico
Europe
By Component
By Delivery Type
By Service
By Organization Size
By Industry Vertical
By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe
Asia-Pacific (APAC)
By Component
By Delivery Type
By Service
By Organization Size
By Industry Vertical
By Country – China, Japan, India, South Korea, Singapore, Taiwan, and Rest of Asia-Pacific
Rest of the World (RoW)
By Component
By Delivery Type
By Service
By Organization Size
By Industry Vertical
By Country – Brazil, South Africa, Saudi Arabia, and Other Countries
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