Market Highlights

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Market Highlights
Market Highlights The need to protect networks from external attacks has led to the development of the next-generation firewall market 2020. The ICT industry reports are produced by Market Research..
Next-Generation Firewall Market is Booming Market to Grow at Healthy CAGR forecast by 2026
Next-generation firewall market is set to witness a healthy CAGR of 13.40% in the forecast period of 2020 to 2026. Next-generation firewall can be defined as a process of collecting, archiving, managing and reporting logs. These logs are generated from various devices, including routers, servers, routers, and switches for firewalls.
Major Market Players
Few of the major competitors currently working in the global next-generation firewall market are Fortinet, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Palo Alto Networks, Inc., Barracuda Networks, Inc., Forcepoint, Zscaler, Inc., Juniper Networks, Inc., WatchGuard Technologies, Inc., Sophos Ltd., GajShield Infotech (I) Pvt. Ltd., Hillstone Networks, Huawei Technologies Co., Ltd., SonicWall, NVIDIA Corporation, Untangle, Alibaba Cloud and others.
Download PDF Sample report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-next-generation-firewall-market
The next-generation firewall (NGFW) refers to third-generation network firewall innovation, integrating premium characteristics such as in-line deep packet inspection (DPI) and intrusion prevention (IPS), application-level traffic inspection capacities.
Segmentation: Global Next-Generation Firewall Market
· By Solution (Hardware, Virtual, Cloud-based)
· By Service (Professional Service, Managed Service)
· By Organization Size (Small and Medium-sized Enterprises, Large Enterprises)
· By Vertical (BFSI, Retail, IT and Telecom, Government and Public Utilities, Healthcare, Energy and Utilities, Education, Others)
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis
Global next-generation firewall market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of next-generation firewall market for Global, Europe, North America, Asia Pacific and South America.
Market Drivers:
· Increasing adoption of bring your own device (BYOD) in organizations is driving the growth of the market
· Internal and external threats to an organization are rising rapidly due to advancement in technology
· High functionalities of the NGFW solutions is fueling the market growth
· An increasing number of electronic devices are getting connected to the internet, including, smart TVs, mobile devices, among others
For More Inquiry Contact us at: @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-next-generation-firewall-market
Market Restraints:
· High cost of NGFW solutions will restraint the market expansion
· Rising adoption of unified threat management (UTM) solutions in small and medium sized enterprises hinders the market growth
· The increasing competition with the traditional firewall systems is restraining the market growth
Key Insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key Market players involved in this industry
· Detailed analysis of the Market Segmentation
· Competitive analysis of the key players involved
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
US: +1 888 387 2818
Related Reports:
Content Delivery Network (CDN) Market
Mobile Biometrics Market
Next-Generation Firewall Market is Projected to Register a Healthy CAGR of 13.40% in the Forecast to 2026
Next-generation firewall market is set to witness a healthy CAGR of 13.40% in the forecast period of 2020 to 2026. Next-generation firewall can be defined as a process of collecting, archiving, managing and reporting logs. These logs are generated from various devices, including routers, servers, routers, and switches for firewalls.
Major Market Players
Few of the major competitors currently working in the global next-generation firewall market are Fortinet, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Palo Alto Networks, Inc., Barracuda Networks, Inc., Forcepoint, Zscaler, Inc., Juniper Networks, Inc., WatchGuard Technologies, Inc., Sophos Ltd., GajShield Infotech (I) Pvt. Ltd., Hillstone Networks, Huawei Technologies Co., Ltd., SonicWall, NVIDIA Corporation, Untangle, Alibaba Cloud and others.
Download PDF Sample report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-next-generation-firewall-market
The next-generation firewall (NGFW) refers to third-generation network firewall innovation, integrating premium characteristics such as in-line deep packet inspection (DPI) and intrusion prevention (IPS), application-level traffic inspection capacities.
Segmentation: Global Next-Generation Firewall Market
· By Solution (Hardware, Virtual, Cloud-based)
· By Service (Professional Service, Managed Service)
· By Organization Size (Small and Medium-sized Enterprises, Large Enterprises)
· By Vertical (BFSI, Retail, IT and Telecom, Government and Public Utilities, Healthcare, Energy and Utilities, Education, Others)
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis
Global next-generation firewall market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of next-generation firewall market for Global, Europe, North America, Asia Pacific and South America.
Market Drivers:
· Increasing adoption of bring your own device (BYOD) in organizations is driving the growth of the market
· Internal and external threats to an organization are rising rapidly due to advancement in technology
· High functionalities of the NGFW solutions is fueling the market growth
· An increasing number of electronic devices are getting connected to the internet, including, smart TVs, mobile devices, among others
For More Inquiry Contact us at: @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-next-generation-firewall-market
Market Restraints:
· High cost of NGFW solutions will restraint the market expansion
· Rising adoption of unified threat management (UTM) solutions in small and medium sized enterprises hinders the market growth
· The increasing competition with the traditional firewall systems is restraining the market growth
Key Insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key Market players involved in this industry
· Detailed analysis of the Market Segmentation
· Competitive analysis of the key players involved
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
US: +1 888 387 2818
Related Reports:
Content Delivery Network (CDN) Market
Mobile Biometrics Market
Global Next-Generation Firewall Market By Solution (Hardware, Virtual, Cloud-based), Service (Professional Service, Managed Service), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), Vertical (BFSI, Retail, IT and Telecom, Government and Public Utilities, Healthcare, Energy and Utilities, Education, Others), Geography(North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026
Next-generation firewall can be defined as a process of collecting, archiving, managing and reporting logs. These logs are generated from various devices, including routers, servers, routers, and switches for firewalls. The next-generation firewall (NGFW) refers to third-generation network firewall innovation, integrating premium characteristics such as in-line deep packet inspection (DPI) and intrusion prevention (IPS), application-level traffic inspection capacities.
Global Next-Generation Firewall (NGFW) Market is Expected to Reach USD 5.5 Billion by 2025
The global next-generation firewall market is expected to reach USD 5.5 billion by 2025, growing at a CAGR of 12.4% 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 2025
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 2025. 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.
Key Takeaway from the Report:
Among all the component, solution segment captures highest market share in 2019.
Of all the delivery type, cloud-based firewall is the fastest growing delivery type in the next-generation firewall market.
Among all the services, the professional service segment accounted for a larger share in the next-generation firewall market in 2019.
Among all the organization size, SMEs is expected to accounted for larger market share in 2019
Of all industry, government and public utilities are expected to account the largest market share by 2025.
The Report Offers:
Historical market estimate for the years 2015–2019 and forecast for the years 2020–2025
Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
Market insights by in-depth segmentation with industry dynamics.
Competitive analysis and benchmarking of the industry leaders and their product offerings
Profiles of leading players and innovators, their financial overview and product portfolio
Analysis of key industry trends and recent developments
Value chain analysis and distribution channel analysis with opportunity assessment
Market share analysis of major players
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“Network Security Firewall Market by Type (Unified Threat Management, Next-Generation Firewall), Component (Solution, Services), Deployment (On-premise, Cloud), Industry Size (SME, Large Enterprises), and Geography- Global Forecast to 2025
Global Next-Generation Firewall Market is expected to reach USD 5.40 Billion by 2024 from USD 2.34 Billion in 2017 at a CAGR of 12.7%.