Next-Generation Firewall Market Definition
The next-generation firewall is a system developed for the prevention of unauthorized access to or from any private network with advanced security to overcome the highly advanced cyber threats. The next-generation firewall is implemented in either hardware, software, or hybrid form. It combines a traditional firewall with other network device filtering functions such as in-line deep packet inspection, an intrusion prevention system, deep packet inspection that can push beyond protocol inspection, and blocking to add application-level inspection and collaborating with intelligence from outside the firewall.
The market study is broken down by Type (Hardware, Virtual and Cloud), by Application (Large Size Enterprise, Medium Size Enterprise and Small Size Enterprise) and major geographies with country level splits.
Cisco Systems, Inc. (United States), Fortinet (United States), Check Point Software Technologies (Israel), Palo Alto Networks, Inc. (United States), Juniper Networks, Inc. (United States), Forcepoint (Raytheon Company) (United States), Zscaler (United States), Barracuda Networks, Inc. (United States), WatchGuard Technologies (United States) and Sophos Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are SonicWall (United States) and Hillstone Networks Co (China).
AdvanceMarketAnalytics has segmented the market of Global Next-Generation Firewall market by Type, Application and Region.
On the basis of geography, the market of Next-Generation Firewall has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Next-Generation Firewall market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Packet Filtering Firewall will boost the Next-Generation Firewall market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Professional Service will boost the Next-Generation Firewall market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 18th February 2020, Fortinet a global leader in broad, integrated and automated cybersecurity solutions, unveiled the FortiGate 1800F Next-Generation Firewall (NGFW) powered by NP7, the company’s seventh-generation network processor, to enable today’s largest enterprises to achieve true internal segmentation as well as unprecedented scale, performance, detection, and enforcement capabilities.
- Increasing Adoption of Next-Generation Firewall by Large Size Enterprise
- Surging Trend of Internet of Things
- Need for Absolute Protection in Rapidly growing Threat Environment
- Demand for Fast, Reliable and Effective Network
- Technological Advancement in Firewall Deployment
- Shifting Interest of IT Professionals Towards Virtual Next-Generation Firewall
- High Cost Involved in the Hardware System of Next-Generation Firewall
- Stringent Regulatory Guidelines Regarding Next-Generation Firewall
- Low degree of Awareness about the Highly Advanced Cyber Attacks
- Presence of traditional firewalls
- Problems with the Sizing of the Firewall
Key Target AudienceNext-Generation Firewall System Providers, Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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