The global next-generation firewall market is expected to reach USD 7.6 billion by 2030, growing at a CAGR of 12.8% 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 2030
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 2030. 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.
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.
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The report provides the market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue (USD Billion). 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 2018 – 2030
Delivery Type Insight and Forecast 2018 – 2030
Service Insight and Forecast 2018 – 2030
Organization Size Insight and Forecast 2018 – 2030
Industry Vertical Insight and Forecast 2018 – 2030
Geographical Segmentation
Next-Generation Firewall Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)