Next Generation Firewall Market Assessment, Worldwide Growth, Key Players, Analysis and Forecast to 2027
Market Highlights
The next-generation
firewall delivers security services such as firewall, intrusion
prevention, and application control. These next-generation firewall systems
deal with large amounts of computer-generated log data and process it by
managing, collecting, reporting, and archiving logs that are generated from
several devices such as firewalls, routers, and servers. With the help of
next-generation firewall systems, the organizations can manage log data
effectively and also ensure the integrity and enhanced business solutions.
According to
Market Research Future (MRFR), the global next-generation firewall market is
estimated to grow up to USD 4.69 billion by 2023, at 11.4% of CAGR between the
forecast period of 2017 and 2023. The market is estimated to be driven by
factors such as the increasing interconnectivity through IoT, the alarming rise
in internal and external threats and targeted data attacks, and the high
functionality of next-generation firewall that is encouraging deployment. The
market growth is estimated to be hindered by factors such as the high cost of
the next generation firewall systems, and the increasing adoption of unified
threat management (UTM) in small and medium enterprises (SMEs). Additionally,
the presence of traditional firewalls which cannot tackle advanced threats like
next-generation firewall systems restricts the market growth due to the low
awareness of the new systems.
Nevertheless, the high market growth opportunities posed by virtual
next-generation firewall systems, along with the single vendor firewall
deployment, is estimated to contribute substantially to the market growth over
the forecast period.
Get a Free Sample @https://www.marketresearchfuture.com/sample_request/3261
Segmentation:
The global
next-generation firewall market is segmented based on security types, services,
organization size, solution, end-user, and region.
On the basis of security type, the market has been segmented into the firewall,
unified threat management, network security, identity-based security, and
others.
Based on the services, the market has been segmented into system integration,
consulting service, professional service, support, and maintenance, managed
service, training and education, and others.
Based on organization size the market has been segmented into small and medium
enterprises (SMEs), and large enterprises. The SME segment is estimated to rise
at a high CAGR over the forecast period.
On the basis of solution the market has been segmented into cloud, virtual,
hardware and others. Cloud system segment is estimated to show market growth
over the forecast period.
By end-user, the next generation firewall market has been segmented into
telecommunication and IT, healthcare, manufacturing, retail and wholesale,
BFSI, government and defense, education, and others. The telecommunication and
IT segment followed by BFSI is estimated to show significant market growth.
Based on the region, the global market has been segmented into North America,
Europe, Asia Pacific, and the rest of the world.
Regional Analysis
North America is leading the next-generation firewall market with the highest
market growth and is estimated to sustain its market standing over the forecast
period, due to the presence of major global market players in countries like
U.S. and Canada, which are constantly evolving with mergers and new products,
subsequently contributing to the market growth. Europe region is the second
largest market and is estimated to record a high CAGR due to the increased use
of next-generation firewall systems in data centers, enterprises, small
businesses, among others, in these regions.
Asia-Pacific is accounted for the fastest growing regional market for
next-generation firewall systems due to developing countries like China, Japan,
and India which are expanding businesses to sustain economic growth, consequently
contributing to the global next-generation firewall market.
Key Players
The key market players in the next-generation firewall market are WatchGuard
Technologies, Inc. (U.S.), Cisco Systems, Inc. (US), Barracuda Networks, Inc.
(U.S.), Fortinet, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto
Networks, Inc. (U.S.), Forcepoint LLC (U.S.), Zscaler, Inc. (U.S.), Check Point
Software Technologies Ltd. (U.S.), and Sophos Group Plc. (U.K.) among others.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/next-generation-firewall-market-3261
Global 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 2023
About Market Research Future:
At Market Research Future
(MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
MRFR team have
supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
Comments
Post a Comment