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.
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.
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.
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.
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The report provides the market value for the base year 2019 and a yearly forecast till 2025 in terms of revenue (USD Million). The report segments the global next-generation firewall market on the basis of component, delivery type, service, organization size, industry vertical, and region.
Global Next-Generation Firewall Market Coverage
Component Insight and Forecast 2015 – 2025
Delivery Type Insight and Forecast 2015 – 2025
Service Insight and Forecast 2015 – 2025
Organization Size Insight and Forecast 2015 – 2025
Industry Vertical Insight and Forecast 2015 – 2025
Next-Generation Firewall Market by Region
Rest of the World (RoW)