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Next-Generation Firewall Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

October 2023 | 138 pages | ID: NA2AD20849A3EN
IMARC Group

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Market Overview:

The global next-generation firewall (NGFW) market size reached US$ 5.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.4 Billion by 2028, exhibiting a growth rate (CAGR) of 12.5% during 2023-2028.

The NGFW refers to the third generation of network firewalls that manages and secures data transmitted from routers, servers and switches. It is often integrated with intrusion prevention and cloud-delivered threat intelligence and utilizes whitelists or signature-based intrusion detection systems (IDS) to distinguish between safe and unwanted applications. In comparison to the previously used firewalls, NGFW can use both dynamic and static packet filtering that ensures the advanced security of the connections in the network. Owing to this, these solutions find extensive applications across the banking, financial services and insurance (BFSI), government and public sector, retail, healthcare, education, information technology (IT), energy and manufacturing industries.

Next-Generation Firewall Market Trends:

The rising threat of cyberattacks, along with the rapid adoption of the internet of things (IoT) technology across various industries, is one of the key factors driving the growth of the market. Owing to the increasing usage of bring your own device (BYOD), smartphones, social media, and cloud services, there is a significant rise in the instances of data thefts. This is encouraging organizations to adopt advanced security measures, such as NGFW, for data protection. Furthermore, increasing product adoption by the BFSI sector is acting as another growth-inducing factor. Resulting from an increasing need to protect high volumes of sensitive data, along with the widespread adoption of digital currency across the globe, banking institutions are adopting NGFW to secure payment gateways and transaction portals. Additionally, various technological advancements, such as the development of highly configurable and scalable NGFW systems, are also creating a positive outlook for the market. Other factors, including increasing governmental spending on improving cybersecurity systems and extensive research and development (R&D) activities, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global next-generation firewall market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, deployment type, security type, organization size and vertical.

Breakup by Type:

Solutions

Hardware Solutions

Software Solutions

Services

System Integration Services

Consulting Services

Support and Maintenance Services

Training and Education Services

Managed Services

Breakup by Deployment Type:

Cloud-based

On-premises

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)

IT and Telecom

Government and Public Utilities

Retail

Education

Healthcare

Energy and Utilities

Others

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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., etc.

Key Questions Answered in This Report

1. What was the size of the global next-generation firewall (NGFW) market in 2022?

2. What is the expected growth rate of the global next-generation firewall (NGFW) market during 2023-2028?

3. What are the key factors driving the global next-generation firewall (NGFW) market?

4. What has been the impact of COVID-19 on the global next-generation firewall (NGFW) market?

5. What is the breakup of the global next-generation firewall (NGFW) market based on the type?

6. What is the breakup of the global next-generation firewall (NGFW) market based on the deployment type?

7. What is the breakup of the global next-generation firewall (NGFW) market based on security type?

8. What is the breakup of the global next-generation firewall (NGFW) market based on the organization size?

9. What is the breakup of the global next-generation firewall (NGFW) market based on the vertical?

10. What are the key regions in the global next-generation firewall (NGFW) market?

11. Who are the key players/companies in the global next-generation firewall (NGFW) market?
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 Market Trends
  6.1.2 Major Types
    6.1.2.1 Hardware Solutions
    6.1.2.2 Software Solutions
  6.1.3 Market Forecast
6.2 Services
  6.2.1 Market Trends
  6.2.2 Major Types
    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 Market Forecast

7 MARKET BREAKUP BY DEPLOYMENT TYPE

7.1 Cloud-based
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 On-premises
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY SECURITY TYPE

8.1 Firewall
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Unified Threat Management
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Network Security
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Identity Based Security
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Others
  8.5.1 Market Trends
  8.5.2 Market Forecast

9 MARKET BREAKUP BY ORGANIZATION SIZE

9.1 Small and Medium Enterprises (SMEs)
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Large Enterprises
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY VERTICAL

10.1 Banking, Financial Services and Insurance (BFSI)
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 IT and Telecom
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Government and Public Utilities
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Retail
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Education
  10.5.1 Market Trends
  10.5.2 Market Forecast
10.6 Healthcare
  10.6.1 Market Trends
  10.6.2 Market Forecast
10.7 Energy and Utilities
  10.7.1 Market Trends
  10.7.2 Market Forecast
10.8 Others
  10.8.1 Market Trends
  10.8.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Barracuda Networks Inc.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 Check Point Software Technologies
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3 Cisco Systems
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
    15.3.3.4 SWOT Analysis
  15.3.4 Forcepoint LLC
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 Fortinet Inc.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
    15.3.5.4 SWOT Analysis
  15.3.6 Gajshield Infotech Pvt. Ltd.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 Hillstone Networks Co.
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 Juniper Networks Inc.
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9 Palo Alto Networks Inc.
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
  15.3.10 Sonicwall Inc.
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
  15.3.11 Sophos Ltd.
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
  15.3.12 Zscaler Inc.
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials

LIST OF TABLES

Table 1: Global: Next-Generation Firewall Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Next-Generation Firewall Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Next-Generation Firewall Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
Table 4: Global: Next-Generation Firewall Market Forecast: Breakup by Security Type (in Million US$), 2023-2028
Table 5: Global: Next-Generation Firewall Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 6: Global: Next-Generation Firewall Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
Table 7: Global: Next-Generation Firewall Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Next-Generation Firewall Market: Competitive Structure
Table 9: Global: Next-Generation Firewall Market: Key Players

LIST OF FIGURES

Figure 1: Global: Next-Generation Firewall Market: Major Drivers and Challenges
Figure 2: Global: Next-Generation Firewall Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Next-Generation Firewall Market: Breakup by Type (in %), 2022
Figure 4: Global: Next-Generation Firewall Market: Breakup by Deployment Type (in %), 2022
Figure 5: Global: Next-Generation Firewall Market: Breakup by Security Type (in %), 2022
Figure 6: Global: Next-Generation Firewall Market: Breakup by Organization Size (in %), 2022
Figure 7: Global: Next-Generation Firewall Market: Breakup by Vertical (in %), 2022
Figure 8: Global: Next-Generation Firewall Market: Breakup by Region (in %), 2022
Figure 9: Global: Next-Generation Firewall Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Next-Generation Firewall (Solutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Next-Generation Firewall (Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Next-Generation Firewall (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Next-Generation Firewall (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Next-Generation Firewall (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Next-Generation Firewall (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Next-Generation Firewall (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Next-Generation Firewall (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Next-Generation Firewall (Firewall) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Next-Generation Firewall (Firewall) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Next-Generation Firewall (Unified Threat Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Next-Generation Firewall (Unified Threat Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Next-Generation Firewall (Network Security) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Next-Generation Firewall (Network Security) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Next-Generation Firewall (Identity Based Security) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Next-Generation Firewall (Identity Based Security) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Next-Generation Firewall (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Next-Generation Firewall (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Next-Generation Firewall (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Next-Generation Firewall (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Next-Generation Firewall (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Next-Generation Firewall (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Next-Generation Firewall (Banking, Financial Services and Insurance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Next-Generation Firewall (Banking, Financial Services and Insurance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Next-Generation Firewall (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Next-Generation Firewall (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Next-Generation Firewall (Government and Public Utilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Next-Generation Firewall (Government and Public Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Next-Generation Firewall (Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Next-Generation Firewall (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Next-Generation Firewall (Education) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Next-Generation Firewall (Education) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Next-Generation Firewall (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Next-Generation Firewall (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Next-Generation Firewall (Energy and Utilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Next-Generation Firewall (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Next-Generation Firewall (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Next-Generation Firewall (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: North America: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: North America: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: United States: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: United States: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Canada: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Canada: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Asia Pacific: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Asia Pacific: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: China: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: China: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Japan: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Japan: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: India: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: India: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: South Korea: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: South Korea: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Australia: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Australia: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Indonesia: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Indonesia: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Europe: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Europe: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Germany: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Germany: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: France: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: France: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: United Kingdom: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: United Kingdom: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Italy: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Italy: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Spain: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Spain: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Russia: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Russia: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Latin America: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Latin America: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Brazil: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Brazil: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Mexico: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Mexico: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Others: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 93: Others: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 94: Middle East and Africa: Next-Generation Firewall Market: Sales Value (in Million US$), 2017 & 2022
Figure 95: Middle East and Africa: Next-Generation Firewall Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 96: Global: Next-Generation Firewall Industry: SWOT Analysis
Figure 97: Global: Next-Generation Firewall Industry: Value Chain Analysis
Figure 98: Global: Next-Generation Firewall Industry: Porter’s Five Forces Analysis


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