Next Generation Firewall (NGFW)

Next Generation Firewall (NGFW)

Global Next Generation Firewall (NGFW) Market to Reach $6.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Next Generation Firewall (NGFW) estimated at US$2.9 Billion in the year 2020, is projected to reach a revised size of US$6.3 Billion by 2027, growing at aCAGR of 11.5% over the period 2020-2027. Large Enterprises, one of the segments analyzed in the report, is projected to record 9.8% CAGR and reach US$3.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Small & Medium-Sized Enterprises (SMEs) segment is readjusted to a revised 14.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $864.2 Million, While China is Forecast to Grow at 11.2% CAGR

The Next Generation Firewall (NGFW) market in the U.S. is estimated at US$864.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 11.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.1% and 9.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.

Select Competitors (Total 43 Featured) -

• Barracuda Networks, Inc.
• Check Point Software Technologies Ltd.
• Forcepoint LLC
• Fortinet, Inc.
• GajShield Infotech (India) Pvt. Ltd.
• Hillstone Networks
• Juniper Networks, Inc.
• Palo Alto Networks, Inc.
• SonicWall, Inc.
• Sophos Ltd.
• Zscaler, Inc.

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