Next-Generation Firewall Market by Product Type, Distribution Channel, End User 2024-2032
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The global next-generation firewall (NGFW) market, valued at $5.7 billion in 2023, is projected to grow at a CAGR of 10.68% from 2024 to 2032, driven by increasing cybersecurity threats, the evolution of connected devices, and digital transformation trends. NGFWs are essential for modern security infrastructure as they provide advanced features like intrusion prevention and application-level inspection, crucial for managing complex network threats and ensuring robust protection in cloud environments. The report covers market segmentation, key players, and regional insights, emphasizing the shift towards zero trust security models in organizational strategies.
Next-Generation Firewall Market by Product Type, Distribution Channel, End User 2024-2032
- 1. Global Next-Generation Firewall Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved
- 2. About IMARC Group International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
- 3. Report Highlight and Description According to the latest report by IMARC Group, titled " Next-Generation Firewall Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the global next-generation firewall (NGFW ) market size reached US$ 5.7 Billion in 2023. Factors Affecting the Growth of the Next Generation Firewall Industry: Increasing Cybersecurity Threats: The surge in cybersecurity threats is a major driver of the market. W ith the escalating sophistication of cyberattacks, such as ransomware, phishing, and advanced persistent threats (APTs), businesses and organizations are under immense pressure to fortify their network defenses. NGFW s offer advanced features like integrated intrusion prevention systems (IPS), deep packet inspection, and application-level inspection, which are critical in identifying and mitigating complex threats. Unlike traditional firewalls, NGFW s can understand and control granular network activities, making them essential in today's security infrastructure. The rising incidents of data breaches and the stringent regulatory compliance requirements also compel organizations to adopt NGFW s, ensuring data security and privacy.
- 4. Report Highlight and Description Evolution of Connected Devices: The proliferation of IoT (Internet of Things) and connected devices has significantly influenced the NGFW market. As more devices connect to corporate networks, the attack surface expands, introducing new vulnerabilities. NGFW s are designed to address these challenges by offering enhanced visibility and control over network traffic. They can identify and manage the risks associated with IoT devices, which often lack basic security features. Moreover, the integration of AI and machine learning in NGFW s enables real- time analysis of traffic from multiple sources, making it easier to detect and respond to threats in a complex network environment. This capability is particularly crucial as businesses increasingly adopt smart technologies, making NGFW s an indispensable component of network security strategies. Rising Digital Transformation: Digital transformation and the shift toward cloud computing are key factors propelling the NGFW market. As organizations migrate their operations and data to the cloud, they require robust security measures that can adapt to cloud environments. NGFW s address this need by offering advanced security features that are compatible with cloud-based infrastructure.
- 5. Report Highlight and Description These firewalls provide consistent security policies across on-premises and cloud environments, ensuring seamless protection. Furthermore, the scalability and flexibility of NGFW s align well with the dynamic nature of cloud services, allowing organizations to efficiently manage security across their evolving IT landscapes. This adaptability, combined with the demand for cloud-compatible security solutions, positions NGFWs as a critical tool in modern cybersecurity architectures. Request for a PDF sample of this report: https://www.imarcgroup.com/next - generation-firewall-market/requestsample
- 6. Report Description Global Next-Generation Firewall Market Trends: The adoption of a Zero Trust security model is driving the demand for NGFW s. Organizations are shifting from traditional perimeter-based security to a more granular approach that assumes no trust, even within the network. NGFW s play a crucial role in enforcing strict access controls and segmentation. Besides, with the increasing adoption of cloud services and the growth of remote work, there's a rising demand for cloud-native NGFW solutions. These solutions provide flexibility, scalability, and the ability to protect cloud- based resources and remote users. Looking forward, the market is expected to grow at a CAGR of 10.68% during the forecast period (2024- 2032). View Report TOC, Figures and Tables: https://www.imarcgroup.com/next-generation-firewall-market
- 7. Report Segmentation Breakup by Type: • Solutions o Hardware Solutions o Software Solutions • Services o System Integration Services o Consulting Services o Support and Maintenance Services o Training and Education Services o Managed Services Breakup by Deployment Type: • Cloud-based • On-premises
- 8. Report Segmentation Breakup by Security Type: • Firewall • Unified Threat Management • Network Security • Identity Based Security • Others Breakup by Organization Size: • Small and Medium Enterprises (SMEs) • Large Enterprises Breakup by Vertical: • Banking, Financial Services and Insurance (BFSI)
- 9. Report Segmentation • IT and Telecom • Government and Public Utilities • Retail • Education • Healthcare • Energy and Utilities • Others Breakup by Region: • North America • Asia-Pacific • Europe • Latin America • Middle East and Africa
- 10. Competitive Landscape with Key Players • Barracuda Networks Inc. • Check Point Software Technologies • Cisco Systems • Forcepoint LLC • Fortinet Inc. • Gajshield Infotech Pvt Ltd. • Hillstone Networks Co. • Juniper Networks Inc. • Palo Alto Networks Inc. • Sonicwall Inc. • Sophos Ltd. • Zscaler Inc.
- 11. Key Questions Answered in the Report What was the size of the global next-generation firewall (NGFW) market in 2023? What is the expected growth rate of the global next-generation firewall (NGFW) market during 2024-2032? What are the key factors driving the global next-generation firewall (NGFW) market? What has been the impact of COVID-19 on the global next- generation firewall (NGFW) market? What is the breakup of the global next-generation firewall (NGFW) market based on the type? What is the breakup of the global next-generation firewall (NGFW) market based on the deployment type? What is the breakup of the global next-generation firewall (NGFW) market based on security type?
- 12. Key Questions Answered in the Report What is the breakup of the global next-generation firewall (NGFW) market based on the organization size? What is the breakup of the global next-generation firewall (NGFW) market based on the vertical? What are the key regions in the global next-generation firewall (NGFW) market? Who are the key players/companies in the global next- generation firewall (NGFW) market?
- 13. Table of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Next -Generation Firewall Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Type 6.1 Solutions 6.1.1 Mark et Trends 6.1.2 Major Types 6.1.2.1 Hardware Solutions 6.1.2.2 Software Solutions 6.1.3 Mark et Forecast 6.2 Services 6.2.1 Mark et Trends 6.2.2 Major Types
- 14. Table of Contents 6.2.2.1 System Integration Services 6.2.2.2 Consulting Services 6.2.2.3 Support and Maintenance Services 6.2.2.4 Training and Education Services 6.2.2.5 Managed Services 6.2.3 Mark et Forecast 7 Market Breakup by Deployment Type 7.1 Cloud-based 7.1.1 Mark et Trends 7.1.2 Mark et Forecast 7.2 On-premises 7.2.1 Mark et Trends 7.2.2 Mark et Forecast 8 Market Breakup by Security Type 8.1 Firewall 8.1.1 Market Trends 8.1.2 Mark et Forecast 8.2 Unified Threat Management 8.2.1 Mark et Trends 8.2.2 Mark et Forecast 8.3 Network Security 8.3.1 Mark et Trends 8.3.2 Mark et Forecast 8.4 Identity Based Security 8.4.1 Market Trends 8.4.2 Mark et Forecast 8.5 Others 8.5.1 Mark et Trends 8.5.2 Mark et Forecast For more information, visit : https://www.imarcgroup.com/next -generation-firewall- market/toc
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