The global market of next-generation firewall has been valued at a major level as per the research and there are projections for it to reach unprecedented levels in the years to come by.
The next-generation firewall is the third-generation of the technology of network firewall that integrates the additional capabilities like the in-line inspection of deep packets, the traffic inspection at application level and the prevention of intrusion.
The increase in the companies based on IOT complex threat and the rise in the number of cases of breach of data as well as the surging demand for the solutions of NGFW have been supported by the stringent regulations of the government for the safety and security of data. All these factors have been boosting the growth in the global next-generation firewall market. Though there are a few factors that are restraining the growth of the global next-generation firewall market like the lack of skills in terms of cyber security and the issues of performance which are associated with the protection of cloud in the industry of firewall.
Next-Generation Firewall Market Key Players
Palo Alto Networks
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The Detailed Market intelligence report on the Global Next-Generation Firewall Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Global Next-Generation Firewall Market place for the forecast 2019– 2025.
Next-Generation Firewall Market Segmentations
By Component (Solution, Service)
By Type(Hardware, Virtual, Cloud-based)
By Organization Size (Large Enterprises, SMEs)
By Industry Vertical (Aerospace & Defense, BFSI, Public Sector, Retail, Healthcare, IT & Telecom, Energy & Utilities, Manufacturing, Others)
Next-generation firewall Market By Region
North America (USA, Canada, Mexico)
Europe (UK, France, Germany, Russia, Rest of Europe)
Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific)
LAMEA, Latin America, Middle East, Africa
The global next-generation firewall market has also been dominated by the BFSI segment and this is only due to the rise in the data of customers and the increase in the volumes of data and many endpoints as well as the mobile devices that are susceptible to the threats of brand damage. At the same time, the segment of healthcare has been expected to show a growth at the higher rate because of the trends which are ongoing with regard to the digitalization of the industry of healthcare and the increasing breaches of security which are related to the medical records as well as the medical devices and the healthcare organization data which are fueling the demands for the solutions of firewall and are driving the global market for next-generation firewall.
The region of North America has governed the global next-generation firewall market share particularly when it comes to the revenue as there is a major adoption of the advanced solutions of cyber security and this has been supported by a few factors like the rising number of attacks but the market of Asia-Pacific has been touted to see the biggest amount of growth in the coming years.