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In-Depth Analysis of Next Generation Firewall Market 2020 | Report Covers Top Key Players, Regions, Supply and Consumption, Forecast till 2024


The Key purpose of “Next Generation Firewall Market” report is to deliver key market trends, the scope of report, competitive landscape and industry overview with key players. Next Generation Firewall market report is designed by a detailed investigation process to collect all the necessary data. Further, the report studies the revenue generated from the market analysis and opportunity analysis to estimate the market size.

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Next Generation Firewall Market Covers Key Players:

  • Palo Alto Networks
  • Inc.
  • Palo Alto Networks
  • Inc.
  • Dell Technologies
  • Huawei Technologies Co. Ltd.
  • Fortinet
  • Inc.
  • Barracuda Networks
  • Inc
  • Forcepoint LLC
  • WatchGuard Technologies
  • Inc.
  • Check Point Software Technologies Ltd.
  • Hillstone Networks
  • Sophos Technologies Pvt. Ltd (Cyberoam)
  • Untangle
  • Inc.
  • Zscaler
  • Inc.

    Market Overview:

  • The next generation firewall market is expected to grow at a CAGR of over 12% during the forecast period 2019 – 2024. As more and more electronic devices in the world are becoming interconnected, the trend of IoT is increasing. This has given rise to the protection of the network infrastructure.
  • – Cyber attacks such as web-based exploit kits, malware, ransomware, application-layer attacks, and targeted threats, combined with the advancement of cloud technology and web-based applications have introduced additional layers of complexity in the network, as a result, traditional threat detection technologies and methods are proving insufficient to resist today’s modern threats effectively.
  • – To successfully protect their networks, organizations need a combination of advanced technical expertise, and trusted intelligence provided by the next generation firewalls.
  • – More and more electronic devices are getting connected to the internet, including, smart TVs, mobile devices, etc. As per a study conducted by Cisco, it has been found that more than 500 billion electronic devices are expected to be connected to the internet by 2030.
  • – It has also been seen that due to the enormous cost of setting up a data center and the high maintenance cost associated with it, enterprises are migrating from the use of data centers to the public cloud which is expected to drive the market growth.

    The Next Generation Firewall Market Report Includes:

    • The Next Generation Firewall market report covers the present status and future prospects.
    • The report analyses market trends, size, and forecast in different geographically.
    • The report provides market competition overview among the Top companies.
    • The report provides a complete analysis of the current and emerging market trends and opportunities.

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    Scope of the Report:

  • A next generation firewall is a network security device that provides capabilities beyond a traditional firewall. While a traditional firewall typically provides stateful inspection of incoming and outgoing network traffic, a next-generation firewall includes additional features like application awareness and control, integrated intrusion prevention, and cloud-delivered threat intelligence.
  • Key Market Trends:

    BFSI Sector to Dominate the Market Over the Forecast Period

    – The next generation firewall protections are designed for the businesses performing with a high volume of sensitive transactions and important data, across the day to day activities such as the banking and financial institutions dealing with the customer transactions data throughout the day, and also supports their need to maintain the uptime and protect critical business functions and data.
    – These firewall solutions are designed keeping in mind the applications and to end the industry tug of war between performance and protection from the pressing data privacy threat to the industry.
    – With the introduction of blockchain technologies, there is a rapid rise in the adoption of digital currency across the world, it is very vital now to secure these gateways as these are totally web-based transactions, this trend is expected to boost the market growth in this sector.

    North America to Account for a Major Share

    – The North American region currently dominates the global market, owing to the high preference of businesses for the security of the high volume of sensitive and important data used by them, and continuous adoption of high performing network security solutions by organizations.
    – In recent times, major firms of the US suffered from the fatal WannaCry ransomware attack, 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 is 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 demand for the next generation firewall market.

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    Important Questions Answered in The Next Generation Firewall Market Report:

    • What is the main factor that takes this market to the next level?
    • What will the market demand and what will be growth?
    • What are the latest opportunities for the Next Generation Firewall Market in the future?
    • What are the strengths of the main players?
    • What is the key to the Next Generation Firewall Market?

    Detailed TOC of Next Generation Firewall Market Report 2020-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rising Trend in the Migration from the Data Center to the Public Cloud
    4.3.2 Growing Concern of Internal and External Threats Across Endpoint Devices
    4.4 Market Restraints
    4.4.1 High Cost of Installation across the Network System
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5.1 By Size of Enterprise
    5.1.1 Small & Medium Enterprises (SMEs)
    5.1.2 Large Enterprises
    5.2 By Solution
    5.2.1 Cloud-Based
    5.2.2 Hardware
    5.3 By End-user Industry
    5.3.1 BFSI
    5.3.2 IT and Telecom
    5.3.3 Government
    5.3.4 Healthcare
    5.3.5 Manufacturing
    5.3.6 Retail
    5.3.7 Other End-user Industries
    5.4 Geography
    5.4.1 North America United States Canada
    5.4.2 Europe United Kingdom Germany France Rest of Europe
    5.4.3 Asia-Pacific China Japan India Rest of Asia-Pacific
    5.4.4 Latin America Mexico Brazil Rest of Latin America
    5.4.5 Middle East & Africa UAE Saudi Arabia South Africa Rest of Middle East & Africa

    6.1 Company Profiles
    6.1.1 Palo Alto Networks, Inc.
    6.1.2 Palo Alto Networks, Inc.
    6.1.3 Dell Technologies
    6.1.4 Huawei Technologies Co. Ltd.
    6.1.5 Fortinet, Inc.
    6.1.6 Barracuda Networks, Inc
    6.1.7 Forcepoint LLC
    6.1.8 WatchGuard Technologies, Inc.
    6.1.9 Check Point Software Technologies Ltd.
    6.1.10 Hillstone Networks
    6.1.11 Sophos Technologies Pvt. Ltd (Cyberoam)
    6.1.12 Untangle, Inc.
    6.1.13 Zscaler, Inc.




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