Next Generation Firewall Market, By Enterprise Size (Small & Medium Enterprises, and Large Enterpri

Published Date: | Report Code : IT1950253


Increasing demand from government & defense and healthcare industries for various applications is expected to drive the market growth of the next generation firewall market during the forecast period. 

Firewalls are security tools that protect networks and network devices. However, nowadays, cybersecurity threat has changed significantly and only the next generation firewalls can provide proper and reliable protection.

Next Generation Firewalls (NGFWs) typically include functions such as:

  • Integrated intrusion prevention systems (IPS)
  • Ability to use external intelligence sources
  • Identity awareness – user and group control
  • Application awareness
  • Bridged and routed modes

Of these, most next-generation firewalls include, at least, three basic functions, namely, enterprise firewall capabilities, Intrusion Prevention System (IPS), and application control. With proper NGFW solutions, an organization can effectively manage logs while ensuring integrity and improved business continuity. The sophistication level in cyber-attacks is increasing and creating a demand for more comprehensive NGFW services that would enable the protection of the complex network infrastructure.

Nowadays, more electronic devices are using the internet, including, smart TVs, mobile devices, etc. As per a study conducted by Cisco, more than 500 billion electronic devices are expected to be connected to the internet by 2030.

Due to the high cost of setting up a data center and its maintenance cost, enterprises are migrating from the use of data centers to the cloud, which is expected to drive the market.

The BFSI sector is expected to lead the next generation firewall market during the forecast period. Next-generation firewall protections are designed for businesses performing with a high volume of sensitive transactions and important data, such as banking and financial institutions. With the introduction of blockchain technology, there is a rapid rise in the use of digital currency across the world. It is vital to secure these gateways, as these are web-based transactions and this trend is expected to drive the market.

North America is expected to account for a major share of the next generation firewall market. Moreover, the North American region is leading the market, owing to the high preference of businesses for the security of sensitive and important data and continuous adoption of high-performing network security solutions by organizations. In recent times, major firms of the US suffered from fatal WannaCry ransomware attacks, where data was encrypted and ransom was asked in the form of cryptocurrency. The attack happened because the data of millions of customers was unsecured and this is worrying the industries of the region, hence stringent government regulations regarding consumer privacy were imposed and are expected to drive the growth of the market in this region. These solutions can further assist businesses in overcoming the consequences of negligence, regarding data security, which will further affect the growth of the next generation firewall market.

Key Factors Impacting Market Growth:

  • Increasing internal and external threats
  • An increasing trend of IoT
  • High functionalities of NGFW solutions
  • The high cost of NGFW systems 

Key Developments:

  • In March 2018, Palo Alto Networks (US) acquired, a leader in public cloud services infrastructure protection. The transaction will extend the leadership of Palo Alto Network in cloud security and will help in customizing the holistic cloud offering to address the critical security needs of today’s enterprise customers as they adopt the cloud.
  • In May 2018, Barracuda Networks (US) introduced a new cloud-delivered web application firewall. The Barracuda WAF-as-a-Service simplifies and accelerates the deployment of web application security, builds the Barracuda’s proven web application security technology, and protects against advanced layer 7 attacks, DDoS, SQL injection, zero-day threats, JSON threats, OWASP Top 10, etc.

Regional Analysis:

By region, the next generation firewall market is estimated to be dominated by North America, Western Europe, and Asia Pacific during the forecast period. With technological advancements and a cluster of global companies operating in these regions, these regions hold key to the growth and development of the optical transceiver market during the forecast period. Most of the leading companies have operations in these regions to cater to the potential end-users in the respective region. The North America next generation firewall market is further segmented by the US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe.  

Asia Pacific region is segmented by China, Japan, South Korea, India, and Australia. Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Companies Covered: 

Palo Alto Networks Inc., Huawei Technologies Co. Ltd., Check Point Software, Sophos Group Plc., Hillstone Networks, Untangle Inc., Barracuda Networks Inc., WatchGuard Technologies Inc., and Zscaler Inc.

Market Segmentation:

By Enterprise Size:

  • Small & Medium Enterprises (SMEs)
  • Large Enterprises

By Service:

  • Consulting
  • System Integration
  • Professional
  • Managed
  • Support & Maintenance
  • Training & Education
  • Others

By Solution:

  • Cloud
  • Virtual
  • Hardware
  • Others

By Security Type:

  • Firewall
  • Network Security
  • Identity-based Security
  • Unified Threat Management
  • Others

By End-Use Industry:

  • Telecommunication & IT
  • Retail & Wholesale
  • Government & Defense
  • Manufacturing
  • BFSI
  • Education
  • Healthcare
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Enterprise Size
    • By Service
    • By Solution
    • By Security Type
    • By End-use Industry
  • Western Europe
    • By Country (Germany, UK, France, Spain, Italy, Rest of Western Europe)
    • By Enterprise Size
    • By Service
    • By Solution
    • By Security Type
    • By End-use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Enterprise Size
    • By Service
    • By Solution
    • By Security Type
    • By End-use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Enterprise Size
    • By Service
    • By Solution
    • By Security Type
    • By End-use Industry
  • Middle East
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Enterprise Size
    • By Service
    • By Solution
    • By Security Type
    • By End-use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Enterprise Size
    • By Service
    • By Solution
    • By Security Type
    • By End-use Industry

Reasons to Buy This Report:

  • Market size estimation of the global next-generation firewall market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market


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