Global Next-Generation Firewall Market - Growth, Trend and Forecasts (2018 - 2023)
Next-Generation Firewall Market
The next-generation firewall market is expected to grow at a CAGR of over 12% during the forecast period (2018 - 2023). The scope of the report is limited to solutions offered by various market players from various end-user sectors including IT & telecom, healthcare, banking, financial services & insurance, retail, manufacturing. The regions considered under the scope of the report include North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
Attacks such as web-based exploit kits, malware, application-layer attacks, and targeted threats, coupled with the evolution of cloud technology and web-based applications have introduced additional layers of complexity. As a result, traditional threat detection technologies and methods are proving insufficient to resist today's threats effectively. To successfully protect their networks, organizations need a combination of advanced technology, expertise, and trusted intelligence.
BFSI Sector to Dominate the Market over the Forecast Period
The next-Gen firewall protections are designed for the businesses performing with a high volume of sensitive transactions, dealing across the day to day activities in the banking and financial institutions, and supports their need to maintain the uptime and protect critical business functions and data. These are designed under the objects to end the industry tug of war between performance and protection from the pressing threat to this sector with the rising adoption of the digital currency due to the introduction of blockchain technologies globally. It is unlike how fast the market is adopting this technology is becoming mainstream, by incorporating a new scalable architecture with the improvements up to 200% greater throughput to eliminate bottlenecks, from the Internet edge to the data center and migrating it to cloud-based architecture.
North America to Appear as one of the Leading Region in the Next-Generation Firewall Market
Recent instances of major firms of the US suffered from the fatal WannaCry ransomware attack for not securing customer data is worrying the industry of the region and with stringent government regulations regarding consumer privacy is expected to thrive the opportunity in the market of the region. It will further assist in overcoming the consequences of negligence among the enterprises regarding security that might affect the demand for the next-gen firewall market.
Notable Developments in Next-Generation Firewall Market
May 2018: Barracuda Networks introduced a new cloud-delivered Web Application Firewall. The Barracuda WAF-as-a-Service simplifies and accelerates the deployment of web application security, built over the Barracuda’s proven web application security technology, and protects against advanced layer 7 attacks, DDoS, SQL injection, zero-day threats, JSON threats, OWASP Top 10, and many more.
March 2018: Palo Alto Networks acquired Evident.io, a pioneer and leader in public cloud services infrastructure protection. For Palo Alto Networks. The transaction will extend the leadership of Palo Alto Network in cloud security and will help in customizing the holistic cloud offering to address the critical security needs of today's enterprise customers as they adopt the cloud.
Major Players: PALO ALTO NETWORKS, INC., JUNIPER NETWORKS, INC., DELL TECHNOLOGIES , HUAWEI TECHNOLOGIES CO. LTD., FORTINET, INC., BARRACUDA NETWORKS, INC.,FORCEPOINT LLC, WATCHGUARD TECHNOLOGIES, INC. , CHECK POINT SOFTWARE TECHNOLOGIES LTD., HILLSTONE NETWORKS, SOPHOS TECHNOLOGIES PVT. LTD (CYBEROAM), UNTANGLE, INC., and ZSCALER, INC. , amongst others.
Reasons to Purchase Next-Generation Firewall Market Report
To understand the impact of next-generation firewall in the BFSI sector.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating technology in the market
The region that is expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet (in Excel)
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