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 Future, which highlights market options for expansion. An income of USD 4.69 Billion is expected to be accomplished with 11.4% of CAGR by 2023.
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The development in security protocols of firewalls is expected to raise their application in a range of sectors in the near future. The rise in data that is stored electronically is expected further to enhance the market share of the next-generation firewalls. Also, increased funding towards research & development is estimated to reinforce the market next-generation firewall size in the impending period
The segmental study of the next-generation firewall market has been conducted on the basis of solution, services, organization size, security type, end-users, and region. Based on the security types, the next-generation firewall market is segmented into network security, firewall, unified threat management, identity-based security, and others. Based on the services, the next-generation firewall market consists of professional service, consulting service, managed service, support and maintenance, system integration, training and education, and others. Based on the organization size, next-generation firewall market consists of small & medium enterprises and large enterprises. Based on the solutions, the next-generation firewall market comprises of virtual, cloud, and hardware. Based on End-User, the next-generation firewall market comprises of telecommunication and manufacturing, government & defense, BFSI, IT, healthcare, retail & wholesale, education, and others. Based on regions, the next-generation firewall market consists of the Asia Pacific (APAC), North America, Europe, and the Rest of the World (ROW).
The regional investigation of the next-generation firewall market includes regions such as Asia Pacific (APAC), North America, Europe, and the Rest of the World (ROW). As per the observations, the North American region is foremost with the uppermost development throughout the world. The European regional market is trailing the North American region with a towering CAGR. Due to the extensive use of next-generation firewalls in the data center, small business, enterprise, or home office in the European region, the market is estimated to flourish in the forecast period. The Asia-Pacific nations such as China, Japan, and India are on the rising level due to the development of next-generation firewalls.
The outstanding contenders in the next-generation firewall market are Zscaler, Inc. (U.S), Fortinet, Inc. ( US), Forcepoint LLC (US), Barracuda Networks, Inc. (US), Juniper Networks, Inc. (US), Cisco Systems, Inc. (US), Palo Alto Networks, Inc. (US), Sophos Group Plc. (UK) WatchGuard Technologies, Inc. (US), and Check Point Software Technologies Ltd. (US), among others.
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