Next-Generation Firewall Market (Afreen Dont Take) (1)-converted
                     Market Highlights 
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. 
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. 
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Segmentation: 
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). 
Detailed Regional Analysis  
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. 
Competitive Analysis 
The reinvention of the supply chains by integrating robust technology in them is estimated to spur 
the development of the market in the coming period. The regulations in various regions can be 
relied upon to rebuild market clout gradually in the future. The state of technological development 
is estimated to be staggered as the development of the global market is at a relative standstill. The 
effect of unpredictable events has created substantial barriers that will have to suitably addressed 
and overcome to achieve normalcy in the global market. The need to invest in building a robust 
consumer base is estimated to rank on the top priorities of market leaders for the upcoming period. 
The weakening of trade channels is projected to present new challenges that have to be overcome 
expediently in the coming years. The establishment of a definite competitive advantage is estimated 
to spur market development in the forecast period. The inducements offered by the government are 
expected to display a positive influence on the overall market development in the impending 
period. 
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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firewall-market-3261 
Global Next-Generation Firewall Market, by Security Type (Firewall, Unified Threat 
Management, Network Security, Identity-based security), By Solution (Cloud, Virtual, 
Hardware), By Organization Size, By Services, By End Users (Telecommunication and IT, 
Government and Defense, BFSI) - Forecast 2023 
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