Next-Generation Firewall Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
                     Global Next-Generation 
Firewall Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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Acco r d ing  t o  t he  l a t es t  r epo r t  by  I M ARC G r ou p ,  t i t l ed  "  N ex t - G ene ra t i o n  F i rew a l l  
M ar ke t :  G l ob a l  I ndu st ry  T rend s ,  Shar e ,  S i ze ,  G row t h ,  O pp or t u n i t y  and  Fo rec as t  
2024 - 203 2 , "  t he   g l oba l  ne x t - ge ne r a t i on  f i r ewa l l  ( N G FW )  m a r ke t  s i ze  r ea ched  U S$  
5 . 7  B i l l i on  i n  202 3 .
Report Factors  Af fect ing the  Growth of  the Next  Generat ion F i rewal l  Indust ry :Increas ing Cybersecur i ty  Threats:
The  su r ge  i n  cyb e r sec u r i t y  t h r ea t s  i s  a  m a jo r  d r i ve r  o f  t h e  m ar ke t .  W i t h  t he  
Highlight and esca la t i ng  s oph is t i ca t i on  o f  cybe r a t t acks ,  such  a s  r an som war e ,  ph i sh ing ,  a nd  
adv an ced  pe r s i s t en t  t h r ea t s  ( APT s ) ,  b us ines ses  a nd  o r g an i za t i ons  a r e  un de r  
im m ense  p r es su r e  t o  f o r t i f y  t he i r  ne t w o r k  de f en ses .  NG FWs o f f e r  ad vanc ed  f ea t u r es  
Description l i ke  i n t eg r a t ed  i n t r us i on  p r even t i on  sy s t em s  ( I P S) ,  d eep  pa cke t  i nspe c t i on ,  a nd  
app l i c a t i on - l eve l  i n spec t i on ,  wh ich  a r e  c r i t i c a l  i n  i den t i f y i ng  and  m i t i ga t i ng  com p lex  
t h r e a t s .  
Un l i ke  t r ad i t i ona l  f i r ew a l l s ,  NG FWs  can  und e r s t a nd  and  c on t r o l  g r anu l a r  ne t w o r k  
ac t i v i t i es ,  m ak ing  t h em  ess en t i a l  i n  t od ay ' s  s ecu r i t y  i n f r as t r uc t u r e .  The  r i s i ng  
i nc ide n t s  o f  da t a  b r each es  and  t he  s t r i ngen t  r egu la t o r y  com p l i an ce  r equ i r em en t s  
a l so  com pe l  o r gan i z a t i ons  t o  adop t  NG FWs,  ens u r ing  da t a  secu r i t y  and  p r i vac y .
Evolut ion  of  Connected Devices:
The  pro l i f e ra t ion  o f  I oT  ( In t e rne t  o f  Th ings )  and  connec ted  dev ices  has  
s i gn i f i can t l y  in f l uenced the  NGFW  marke t .  As  more  dev ices  connec t  t o  corpo ra te  
ne tworks ,  t he  a t tack  sur face  expands ,  in t r oduc ing  new vu lnerab i l i t i es .  NGFWs are  
Report des igned t o  add ress  these  cha l lenges  by  o f fe r ing  enhanced v is ib i l i t y  and  con t ro l  ove r  ne t work  t r a f f i c .  They  can  iden t i f y  and  manage  the  r i sks  assoc ia t ed  w i t h  I oT  
dev ices ,  wh ich  o f ten  lack  bas i c  secur i t y  f ea tu res .  
Highlight and Moreover ,  t he  i n t eg ra t ion  o f  A I  and  mach ine  lea rn ing  in  NGFWs enab les  rea l - t ime 
ana lys is  o f  t r a f f i c  f rom mul t ip le  sou rces ,  m ak ing  i t  eas ie r  t o  de t ec t  and  respond  
to  t h rea ts  in  a  complex  ne twork  env i r onment .  Th is  capab i l i t y  i s  pa r t i cu la r l y  
Description c ruc ia l  as  bus inesses  inc reas ing ly  adop t  smar t  t echno log ies ,  m ak ing  NGFWs an 
ind i spensab le  component  o f  ne twork  secu r i t y  s t r a teg ies .
Ris ing Dig i ta l  Transformat ion:
Dig i ta l  t rans fo rmat ion  and the  sh i f t  t oward  c loud  compu t ing  a re  key  fac t o r s  
p rope l l i ng  t he  NGFW  m arke t .  As  o rgan i za t i ons  m igra te  the i r  ope ra t i ons  and da ta  
to  t he  c loud ,  t hey  requ i re  r obus t  secu r i t y  measures  t ha t  can  adap t  t o  c loud  
env i ronm en ts .  NGFWs address  t h i s  need  by  o f f e r ing  advanced  secu r i t y  f ea t u res  
tha t  a re  compa t ib le  w i t h  c l oud -based  in f ras t ruc tu re .
These  f i rewa l l s  p rov ide  cons is ten t  secur i t y  po l i c ies  ac ross  on-p remises  and  
c loud  env i ronments ,  ensur ing  seamless  p ro tec t ion .  Fur the rmore ,  the  sca lab i l i t y  
and  f lex ib i l i t y  o f  NGFWs a l ign  we l l  w i th  the  dynamic  na tu re  o f  c loud  se rv ices ,  
a l l ow ing  o rgan iza t ions to  e f f i c ien t ly  manage  secur i t y  ac ross  the i r  evo lv ing  IT  
landscapes .  Th is  adap tab i l i t y ,  comb ined  w i th  the  demand fo r  c loud-compat ib le  
secur i t y  so lu t ions ,  pos i t ions  NGFWs as  a  c r i t i ca l  t oo l  in  modern  cybersecu r i t y  
Report arch i tec tu res .
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Description
Report Description
Global  Next-Generat ion Firewal l  Market  Trends:
The adopt ion of  a  Zero Trust  secur i ty  model  is  dr iv ing the demand for  NGFWs.  Organizat ions are sh i f t ing 
f rom t rad i t iona l  per imeter -based secur i ty  to  a  more granular  approach that  assumes no t rust ,  even wi th in  
the network.  NGFWs p lay  a  cruc ia l  ro le  in  enforc ing s t r ic t  access cont ro ls  and segmentat ion.  
Bes ides,  wi th  the increas ing adopt ion of  c loud serv ices and the growth  of  remote work ,  there 's  a  r is ing 
demand for  c loud-nat ive NGFW solu t ions.  These so lu t ions prov ide f lex ib i l i ty ,  sca lab i l i ty ,  and the ab i l i ty  to  
protec t  c loud-based resources and remote users .
Looking forward,  the market  is  expected to grow at  a  CAGR of  10.68% during the forecast  per iod 
(2024-2032) .
View Report  TOC,  F igures and Tables :  ht tps: / /www.imarcgroup.com/next-generat ion- f i rewal l -market
Breakup by Type:
• Solutions
o Hardware Solut ions
o Software Solut ions
• Services
o System Integrat ion Services
Report o Consult ing Services
o Support  and Maintenance Services
Segmentation o Training and Educat ion Services
o Managed Services
Breakup by Deployment Type:
• Cloud-based
• On-premises
Breakup by Security Type:
• Firewal l
• Unifi ed Threat Management
• Network Security
• Identity Based Security
• Others
Report 
Segmentation 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 Publ ic Ut i l i t ies
• Retai l
• Education
• Healthcare
• Energy and Uti l i t ies
Report • Others
Segmentation
Breakup by Region:
• North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
• Barracuda Networks Inc.
• Check Point Software Technologies
• Cisco Systems
• Forcepoint LLC
Competitive • Fortinet Inc.
Landscape • Gajshield Infotech Pvt Ltd.
• Hil lstone Networks Co.
with Key 
• Juniper Networks Inc.
Players • Palo Alto Networks Inc.
• Sonicwal l  Inc.
• Sophos Ltd.
• Zscaler Inc.
What was the size of the global next-generation 
firewall (NGFW) market in 2023?
What is the expected growth rate of the global 
next-generation firewall (NGFW) market during 
2024-2032?
What are the key factors driving the global next-
Key generation firewall (NGFW) market?
Questions What has been the impact of COVID-19 on the 
global next-generation firewall (NGFW) market?
Answered in 
What is the breakup of the global next-generation 
the Report firewall (NGFW) market based on the type?
What is the breakup of the global next-generation 
firewall (NGFW) market based on the deployment 
type?
What is the breakup of the global next-generation 
firewall (NGFW) market based on security type?
What is the breakup of the global next-generation 
firewall (NGFW) market based on the organization 
size?
What is the breakup of the global next-generation 
firewall (NGFW) market based on the vertical?
Key 
What are the key regions in the global next-
Questions generation firewall (NGFW) market?
Answered in Who are the key players/companies in the global next-generation firewall (NGFW) market?
the Report
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  N e x t - G e n e r a t i o n  F i r e w a l l  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  T y p e
    6 . 1     S o l u t i o n s
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a j o r  T y p e s
           6 . 1 . 2 . 1  H a r d w a r e  S o l u t i o n s
           6 . 1 . 2 . 2  S o f t w a r e  S o l u t i o n s
        6 . 1 . 3  M a r k e t  F o r e c a s t
    6 . 2     S e r v i c e s
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a j o r  T y p e s
       
           6 . 2 . 2 . 1  S y s t e m  I n t e g r a t i o n  S e r v i c e s
           6 . 2 . 2 . 2  C o n s u l t i n g  S e r v i c e s
           6 . 2 . 2 . 3  S u p p o r t  a n d  M a i n t e n a n c e  S e r v i c e s
           6 . 2 . 2 . 4  T r a i n i n g  a n d  E d u c a t i o n  S e r v i c e s
           6 . 2 . 2 . 5  M a n a g e d  S e r v i c e s
        6 . 2 . 3  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  D e p l o y m e n t  T y p e
    7 . 1     C l o u d - b a s e d
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
Table of     7 . 2     O n - p r e m i s e s        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  S e c u r i t y  T y p e
Contents     8 . 1     F i r e w a l l        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     U n i f i e d  T h r e a t  M a n a g e m e n t
        8 . 2 . 1  M a r k e t  T r e n d s
        8 . 2 . 2  M a r k e t  F o r e c a s t
    8 . 3     N e t w o r k  S e c u r i t y
        8 . 3 . 1  M a r k e t  T r e n d s
        8 . 3 . 2  M a r k e t  F o r e c a s t
    8 . 4     I d e n t i t y  B a s e d  S e c u r i t y
        8 . 4 . 1  M a r k e t  T r e n d s
        8 . 4 . 2  M a r k e t  F o r e c a s t
    8 . 5     O t h e r s
        8 . 5 . 1  M a r k e t  T r e n d s
        8 . 5 . 2  M a r k e t  F o r e c a s t
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. i m a rc g ro u p . c o m / n ex t - g e n e r a t i o n - fi re w a l l - m a r ke t / t o c
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