The Next-Generation Firewall Global Market Report 2023, provides comprehensive information on the next-generation firewall market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global next-generation firewall market size is expected to grow from $4.17 billion in 2022 to $4.63 billion in 2023 at a compound annual growth rate (CAGR) of 10.96%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global next-generation firewall market size is expected to reach $7.03 billion in 2027 at a CAGR of 11.02%.
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Product innovation is a key trend gaining popularity in the next-generation firewall market. Major companies operating in the next-generation firewall market are focused on developing a new product to strengthen their position in the market. For instance, in August 2021, Fortinet Cybersecurity Corporation, a US-based company that develops and sells cybersecurity solutions, launched FortiGate 3500F, its latest next-generation firewall for hybrid data centers. FortiGate 3500F is built with hybrid data centers in mind and provides automatic threat protection post-decryption, zero trust network access (ZTNA)and proxy capabilities. Along with adding further security measures like anti-virus, mail security, anti-DDoS, IPSand anti-malware solutions, FortiGate 3500F is the first in the industry that natively interacts with FortiGuard Security Services.
The next-generation firewall market is segmented:
1) By Component: Solution, Services
2) By Type: Hardware, Virtual, Cloud-Based
3) By Services: Professional Service, Managed Service, Support And Maintenance, Training And Education, Consulting Service, System Integration, Other Services
4) By Enterprise Size: Large Size Enterprises, Small And Medium Sized Enterprises (SMEs)
5) By Industry Vertical: BFSI, Retail, IT And Telecommunication, Healthcare, Energy And Utilities, Manufacturing, Government, Other Industry Verticals
North America was the largest region in the next-generation firewall market in 2022.
The table of contents in TBRC’s next-generation firewall market report includes:
1. Executive Summary
2. Next-Generation Firewall Market Characteristics
3. Next-Generation Firewall Market Trends And Strategies
4. Next-Generation Firewall Market – Macro Economic Scenario
5. Next-Generation Firewall Market Size And Growth
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26. Africa Next-Generation Firewall Market
27. Next-Generation Firewall Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Next-Generation Firewall Market
29. Next-Generation Firewall Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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