Rising number of data
breach cases and increase in IoT-based complex threat landscape to drive global
next generation firewall market through 2024
Industry Reports --> ICT
According
to TechSci Research report, “Global
Next
Generation Firewall Market By Component, By Enterprise Size, By End Use
Industry, By Region, Competition,
Forecast & Opportunities, 2024”, the global next generation firewall market is expected to
grow at a formidable CAGR of around 14% during the forecast period. Next generation
firewall is witnessing adoption owing to the enforcement of stringent
government regulations for data security. Additionally, growing incidences of cybercrimes
and increasing IoT trends are further driving the market. However, high costs
of the firewall system and increasing adoption of UTM solution in SMEs and
SOHO’s can hamper the growth of market during forecast period. Additionally, the
presence of traditional firewalls along with lack of awareness among the
population regarding the advanced level of cyber threats can also obstruct the
growth of market.
Browse market data Tables and Figures
spread through 110
Pages and an in-depth TOC on "Global Next Generation Firewall
Market"
The global next generation firewall market is segmented based on component,
enterprise size, end user industry, company and region. Based on component, the
market can be divided into service and solution. The solution segment dominates
the market owing to the low capital & maintenance costs and increase in
adoption of cloud security solutions among SMEs and large enterprises. Based on
enterprise size, the market can be bifurcated into small & medium
enterprise (SME) and large enterprise. The large enterprise segment is expected
to dominate the market during forecast period on account of significant
adoption of advanced security solution among large-sized organizations.
Additionally, digital security has become a complex process in large-sized
organizations to manage and secure voluminous data, which is promoting the
adoption of NGFW solutions in them. Based on end user industry, the market can
be fragmented into BFSI, IT & Telecom, retail, defence, healthcare,
education and others. The BFSI segment dominates the market during forecast
period as next generation firewall provides support needed to maintain the
uptime as well as to protect critical business functions and data.
Cisco Systems, Inc., Check
Point Software Technologies Ltd., Huawei Technologies Co. Ltd., Dell
Technologies Inc., Juniper Networks Inc., Palo Alto Networks Inc., Fortinet,
Inc., Barracuda Networks, Inc, Forcepoint LLC, WatchGuard Technologies, Inc.
and others are some of the leading players operating in global next
generation firewall market. Companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share. For instance, In February 2017, Palo Alto Networks launched a new
availability in NGFW offerings with new hardware and virtual appliances. This
will enable the customers to deploy these solutions from cloud and secure their
data from various attacks and vulnerabilities. Further, in March 2018, Palo Alto Networks acquired Evident.io, a pioneer and
leader in public cloud services infrastructure protection. 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 the enterprise customers as they adopt the cloud.
Customers
can also request for 10% free customization on this report.
“Asia-Pacific is expected to register the
highest CAGR in the next generation firewall market during the forecast period
owing to the increasing advancements in IT & Telecom, surging internet
penetration and growing need for protecting corporate & personal
information from cyberattacks. Additionally,
upsurge in adoption of IoT-based devices in countries such as Taiwan and South
Korea and development of smart cities are further expected to provide
remunerative opportunities for market expansion during the forecast period in
the region.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Next Generation Firewall Market By
Component, By Enterprise Size, By End Use Industry, By Region, Competition, Forecast & Opportunities,
2024” has
evaluated the future growth potential of global next generation firewall market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global next generation firewall market.
Global Firewall as a Service Market, By
Service Type (Traffic monitoring & control, Compliance & audit
management and Others), By Service Model (IaaS, PaaS and SaaS), By Deployment
Model (Public cloud, Private cloud and Hybrid cloud), By Organization Size (SMEs
and Large enterprises), By Vertical (BFSI, Education, Energy & utilities,
Government & public sector and Others), By Company & By Geography,
Forecast & Opportunities, 2014-2024
Saudi Arabia Managed Security
Information and Event Management (SIEM) Market By Solution (Firewall Security
Management & Others), By Deployment Mode (On-Premise Vs. Cloud), By End
User Sector, Competition, Forecast & Opportunities, 2013 – 2023
Contact
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New York – 10017
Tel: +1-646-360-1656
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