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Global Next-Generation Firewall Market Size Study, By Component (Solution, Services), By Product Type (Hardware, Virtual, Cloud), By Enterprise Size (Large Enterprises, SMEs), By Industry Vertical (BFSI, Retail, IT & Telecommunication, Healthcare, Energy

Publisher Bizwit Research & Consulting
Published Jan 11, 2025
Length 285 Pages
SKU # BIZW19502859

Description

Global Next-Generation Firewall Market Size Study, By Component (Solution, Services), By Product Type (Hardware, Virtual, Cloud), By Enterprise Size (Large Enterprises, SMEs), By Industry Vertical (BFSI, Retail, IT & Telecommunication, Healthcare, Energy & Utilities, Manufacturing, Government, Others), and Regional Forecasts 2022–2032


The global next-generation firewall (NGFW) market is valued at USD 5.1 billion in 2023 and is projected to grow with a healthy CAGR of 11.4% over the forecast period 2024-2032. The next-generation firewall represents the third generation of firewall technology, delivering comprehensive protection through context-aware security frameworks that combat advanced security threats at the application level. Combining traditional capabilities such as packet filtering with stateful inspection, NGFW solutions enable enterprises to strengthen their cyber defenses while optimizing internet access management.

Market growth is propelled by the increasing penetration of IoT devices and the intensifying threats posed by cyberattacks. The COVID-19 pandemic further accelerated market expansion due to the surge in remote work, highlighting the critical need for robust security systems. Enterprises have increasingly adopted NGFW solutions to secure their networks from sophisticated cyber threats, ensuring business continuity and data integrity.

The integration of NGFW solutions with cloud platforms and the introduction of innovative offerings by market leaders further strengthen the market landscape. For instance, Check Point Software Technologies partnered with Citrix Systems to enhance organizational data security, exemplifying the potential of such collaborations in mitigating security risks.

The market's demand is also fueled by rising ransomware incidents and government initiatives aimed at promoting cybersecurity awareness. The rapid growth of SMEs and their inclination toward cloud adoption presents lucrative opportunities for the NGFW market, albeit with challenges related to inadequate security precautions and limited resources for advanced solutions.

Regional analysis highlights North America as the dominant market due to a robust cybersecurity infrastructure and the presence of prominent players. However, Asia Pacific is anticipated to exhibit the fastest growth, driven by governmental initiatives, IoT adoption, and increasing cybersecurity regulations.

Major Market Players Included in this Report Are:
• Cisco Systems Inc.
• Barracuda Networks, Inc.
• Check Point Solution Technologies Ltd.
• Juniper Networks, Inc.
• Huawei Technologies Co., Ltd.
• Palo Alto Networks.
• Fortinet, Inc.
• Forcepoint LLC
• Sophos Ltd.
• Zscaler, Inc.
• WatchGuard Technologies, Inc.
• SonicWall

The detailed segments and sub-segments of the market are explained below:

By Component:
• Solution
• Services

By Product Type:
• Hardware
• Virtual
• Cloud

By Enterprise Size:
• Large Enterprises
• Small and Medium-Sized Enterprises (SMEs)

By Industry Vertical:
• BFSI
• Retail
• IT & Telecommunication
• Healthcare
• Energy & Utilities
• Manufacturing
• Government
• Others

By Region:
• North America
U.S.
Canada
• Europe
UK
Germany
Italy
France
• Asia Pacific
China
India
Japan
Australia
• Latin America
Brazil
Mexico
Chile
Argentina
• Middle East & Africa
UAE
Saudi Arabia
South Africa

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approaches.
• Analysis of the competitive structure of the market.
• Demand-side and supply-side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Table of Contents

285 Pages
Chapter 1. Global Next-Generation Firewall Market Executive Summary
1.1. Global Next-Generation Firewall Market Size & Forecast (2022–2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Component
1.3.2. By Product Type
1.3.3. By Enterprise Size
1.3.4. By Industry Vertical
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendations & Conclusion
Chapter 2. Global Next-Generation Firewall Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply-Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer Perspective)
2.3.4. Demand-Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Next-Generation Firewall Market Dynamics
3.1. Market Drivers
3.1.1. Rising Cyber Threats and Attacks
3.1.2. Proliferation of IoT Devices and Cloud Adoption
3.1.3. Increasing Regulatory Requirements for Data Protection
3.2. Market Challenges
3.2.1. High Costs of Deployment
3.2.2. Complexity of Integration with Legacy Systems
3.3. Market Opportunities
3.3.1. Growth of SMEs in Emerging Economies
3.3.2. Advancements in AI and Machine Learning for Security
Chapter 4. Global Next-Generation Firewall Market Industry Analysis
4.1. Porter’s Five Forces Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Investment Opportunities
4.4. Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendations & Conclusion
Chapter 5. Global Next-Generation Firewall Market Size & Forecasts by Component (2022–2032)
5.1. Segment Dashboard
5.2. Revenue Trend Analysis, 2022 & 2032 (USD Million)
5.2.1. Solution
5.2.2. Services
Chapter 6. Global Next-Generation Firewall Market Size & Forecasts by Product Type (2022–2032)
6.1. Segment Dashboard
6.2. Revenue Trend Analysis, 2022 & 2032 (USD Million)
6.2.1. Hardware
6.2.2. Virtual
6.2.3. Cloud
Chapter 7. Global Next-Generation Firewall Market Size & Forecasts by Enterprise Size (2022–2032)
7.1. Segment Dashboard
7.2. Revenue Trend Analysis, 2022 & 2032 (USD Million)
7.2.1. Large Enterprises
7.2.2. Small and Medium-Sized Enterprises (SMEs)
Chapter 8. Global Next-Generation Firewall Market Size & Forecasts by Industry Vertical (2022–2032)
8.1. Segment Dashboard
8.2. Revenue Trend Analysis, 2022 & 2032 (USD Million)
8.2.1. BFSI
8.2.2. Retail
8.2.3. IT & Telecommunication
8.2.4. Healthcare
8.2.5. Energy & Utilities
8.2.6. Manufacturing
8.2.7. Government
8.2.8. Others
Chapter 9. Global Next-Generation Firewall Market Size & Forecasts by Region (2022–2032)
9.1. North America
9.1.1. U.S.
9.1.2. Canada
9.2. Europe
9.2.1. U.K.
9.2.2. Germany
9.2.3. France
9.2.4. Italy
9.3. Asia Pacific
9.3.1. China
9.3.2. India
9.3.3. Japan
9.3.4. Australia
9.4. Latin America
9.4.1. Brazil
9.4.2. Mexico
9.4.3. Chile
9.4.4. Argentina
9.5. Middle East & Africa
9.5.1. UAE
9.5.2. Saudi Arabia
9.5.3. South Africa
Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Cisco Systems Inc.
10.1.2. Palo Alto Networks.
10.1.3. Fortinet, Inc.
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Cisco Systems Inc.
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Market Strategies
10.3.2. Palo Alto Networks.
10.3.3. Fortinet, Inc.
10.3.4. Check Point Solution Technologies Ltd.
10.3.5. Barracuda Networks, Inc.
10.3.6. Juniper Networks, Inc.
10.3.7. Huawei Technologies Co., Ltd.
10.3.8. Forcepoint LLC
10.3.9. Sophos Ltd.
10.3.10. Zscaler, Inc.
10.3.11. SonicWall
10.3.12. WatchGuard Technologies, Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
List of Tables
TABLE 1. Global Next-Generation Firewall Market, Report Scope
TABLE 2. Market Estimates & Forecasts by Component, 2022–2032 (USD Million)
TABLE 3. Market Estimates & Forecasts by Product Type, 2022–2032 (USD Million)
TABLE 4. Market Estimates & Forecasts by Enterprise Size, 2022–2032 (USD Million)
TABLE 5. Market Estimates & Forecasts by Industry Vertical, 2022–2032 (USD Million)
TABLE 6. Market Estimates & Forecasts by Region, 2022–2032 (USD Million)
This list is not complete; the final report contains more than 100 tables. The list may be updated in the final deliverable.
List of Figures
FIGURE 1. Global Next-Generation Firewall Market, Research Methodology
FIGURE 2. Market Size Estimation Techniques
FIGURE 3. Global Market Size Estimates & Forecast Methods
FIGURE 4. Global Market Key Trends, 2022
FIGURE 5. Global Market Growth Prospects, 2022–2032
This list is not complete; the final report contains more than 50 figures. The list may be updated in the final deliverable.

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