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Global Next-Generation Firewall Market Size, By Component (Solution (Hardware, Virtual, Cloud), Service (Professional Service, Consulting Service, Support and Maintenance, Training and Education, System Integration, Managed Service)), By Organization Size (Small and Medium Enterprises (SMEs), Large Enterprises), By Vertical (Banking, Financial Services, and Insurance (BFSI); Retail; IT and Telecom; Government and Public Utilities; Healthcare; Energy and Utilities; Education; Others (Travel, Transport, Manufacturing, etc.)) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-26
- Published Date: February 2020
- Report ID: BWC19395
- Available Format: PDF
- Page: 205
Report Overview
Global
Next-Generation Firewall Market Forecast and Trends
The global Next-Generation
Firewall market is estimated to reach USD 7.01 Billion in 2026 at a significant
CAGR of 12.5% due to rising cyber-attacks and enforcement of government
initiative for cybersecurity across the globe. An increase in IoT-based
sophisticated threat, rise in several data breach cases and surge in demand for
next-generation firewall solutions supported by government regulations for data
safety & security propel the next-generation firewall market growth.
Companies continue to invest in solutions that enable them to secure their data
and focus on comprehensive solutions to ensure hackers are not able to gain
access to their networks. Spending to safeguard against hacking and more
advanced threats have been increasing annually, especially in developing
economies such as China and India.
Global
Next-Generation Firewall Market Overview:
Next-generation firewall
(NGFW) is a third-generation firewall technology to perform traditional
firewall functions along with the advanced network device filtering. It is a
hardware-based and software-based network security system that does an in-depth
control of the packet to detect and block attacks to secure the system.
Next-generation firewalls can be defined as a process of gathering, archiving,
handling, and reporting of the logs. The benefits of firewalls are all traffic
entering a user’s computer network can be monitored; it blocks Trojans, stops
hackers, stops critical loggers, and having a firewall dramatically reduces the
risk of being observed. The difference between traditional firewalls is more
advanced features such as filtering packets based on applications.
Next-generation firewalls provide policy-based visibility, as well as control
over applications, and prevent data leakage by users and other threats, which
are features or functionalities that are not offered by traditional firewalls.
Also, first- and second-generation firewalls perform the stateful inspection,
while NGFWs perform a more in-depth inspection.
Growth
drivers
Enforcement of government
initiative for cybersecurity
Governments across the globe
have taken several regulatory initiatives regarding data security to overcome
the issue of data breaches. These cybersecurity regulations aim to mandate the
organizations to defend their systems and information from cyberattacks.
Industry regulations such as the Health Insurance Portability and
Accountability Act (HIPAA), etc. promote the adoption of advanced cybersecurity
solutions in critical industries such as BFSI, healthcare, and government.
These regulations, in turn, build pressure on the organizations to set-up
enhanced security infrastructure and to promote the adoption of advanced
security solutions such as next-generation firewalls. As a result, these
regulations propel the growth of the global next-generation firewall market.
The rising IoT trend
Internet of things (IoT) is
a key trend that is propelling the next-generation firewall market. Currently,
the small and large enterprises are adopting IoT for leveraging advanced
business models such as pay-per-usage, asset sharing, generating real-time
operational insights, which includes, outcome-based model, equipment
monitoring, and security issue identification. While the adoption of IoT
devices improves business productivity, such tools can easily fall prey to the
cyber-attacks as they are connected to the internet and other networks. As a
result, most of the companies are deploying next-generation firewall solutions
for providing defensive competences against the different applications.
Restraints
The high cost of solutions
Due to the rising
technological advancements, enterprises will be seeking more secure SD-WAN
& Wi-Fi networks. Virtualization and BYOD, are shifting businesses from
traditional security solutions to more advanced threat management systems. As a
result, the threat of security breaches has increased significantly, leading
enterprises to shift towards modern UTM solutions due to its low price as
compare to other solutions and which creates an obstacle in the growth of the
next-generation firewall market.
Global
Next-Generation Firewall Market: Component
Based on Component, Next-Generation Firewall market segmented into Solution and Service. Solution segment comprises of Hardware, Virtual, Cloud, while the Service segment includes Professional Service, Consulting Service, Support and Maintenance, Training and Education, System Integration, Managed Service. The solution segment is dominating, and within the solution segment, cloud-based solution is leading the market as more and more companies are adopting next-generation firewall solutions and services to secure their business infrastructure from the advanced threats such as APTs, ransomware, malware, zero-day attacks, and unauthorized accesses.
Global
Next-Generation Firewall Market: Organization Size
Based on Organization Size,
the Next Generation Firewall market segmented into (Small and Medium
Enterprises (SMEs), Large Enterprises. The large Enterprise segment is
estimated to dominate the Next-generation firewall market during the forecast
period of 2026 due to the significant adoption of advanced security solutions
among large-sized organizations. Also, digital security has become a complex
process in large-sized organizations to secure and manage voluminous data,
which is boosting the adoption of next-generation firewall solutions.
Global
Next-Generation Firewall Market: Vertical
Based on Vertical, the Next
Generation Firewall market segmented into Banking, Financial Services, and
Insurance (BFSI); Retail; IT and Telecom; Government and Public Utilities;
Healthcare; Energy and Utilities; Education; Others (Travel, Transport,
Manufacturing, etc. Due to the increase in digital identities in all sizes of
organizations and the growing trend of BYOD and IoT results in immense growth
in advanced cyberattacks. Also, an increasing number of financial institutions
around the globe is a key factor that is propelling the market during the
forecast period from 2020-2026.
Global
Next-Generation Firewall Market: Regional insights
Based on the region, the
Next-Generation Firewall market is segmented into North America, Europe, the
Asia Pacific, Latin America, and Middle East & Africa. North America is
leading the next generation firewall market owing to the developed economies of
Canada and the US, there is a heavy focus on the innovations obtained from
R&D and security technologies. The large number of industry players such as
Palo Alto Networks Inc., and Cisco Systems Inc., Dell Technologies Inc.,
increasing deployment of cloud computing solutions, and government initiatives
for public data safety.
Next-Generation
Firewall Market: Competitive Landscape
The major market players in
the Next Generation Firewall market are Palo Alto Networks Inc., Cisco Systems,
Sophos Ltd., Juniper Networks, Dell Technologies, Sonicwall Inc., Huawei
Technologies Co. Ltd., Fortinet Inc., Barracuda Networks Inc., Forcepoint LLC,
WatchGuard Technologies Inc., Check Point Software Technologies Ltd., Hillstone
Networks, Kaspersky Lab, Sophos Technologies Pvt. Ltd (Cyberoam), Untangle Inc.,
GajShield Infotech Pvt. Ltd., Zscaler Inc., NVIDIA Corporation, and Other
Prominent Players are expanding their presence in the market by implementing
various innovations and technology.
Recent
Development:
· In March 2018, Palo Alto Networks acquired Evident.io,
a pioneer and 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 the enterprise customers as they adopt the cloud.
· In May 2018, Barracuda Networks introduced a
new cloud-delivered web application firewall. The Barracuda WAF-as-a-Service
simplifies and accelerates the deployment of web application security. It is
built over Barracuda’s proven web application and security technology that
protects against advanced layer seven attacks, DDoS, SQL injection, zero-day
threats, JSON threats, OWASP Top 10, and many more.
· In December 2018, Fortinet Inc. partnered
with Symantec Ltd.; as part of the agreement, the NGFW capabilities of Fortinet
were integrated with the cloud-delivered web services of Symantec, to provide
enhanced cloud security solutions to customers.
The
objective of the Study:
•
To analyze and forecast the Global
Next-Generation Firewall market size of the market in terms of value.
•
To examine the careful market segmentation
and forecast the market size, in terms value, based on the region by segmenting
the Global Next-Generation Firewall market into five regions, namely, North
America, Europe, Asia Pacific, Middle East, South America, and their leading
countries.
•
To outline, categorized, and forecast the
Global Next-Generation Firewall market based on the component, organization
size, vertical, and region.
•
To examine competitive developments like
technological advancement, services, and regulative framework within the Global
Next-Generation Firewall Market.
• To highlight the impact analysis of the
factors affecting the market dynamics such as drivers, restraints,
opportunities, and challenges.
• To strategically profile the key players and
comprehensively analyze their market shares along with detailing the
competitive landscape for market leaders.
Scope
of the Report
By Component
•
Solution
o
Hardware
o
Virtual
o
Cloud
•
Service
o
Professional Service
o
Consulting Service
o
Support and Maintenance
o
Training and Education
o
System Integration
o
Managed Service
By Organization Size
•
Small and Medium Enterprises (SMEs)
•
Large Enterprises
By Vertical
•
Banking, Financial Services, and Insurance
(BFSI)
•
Retail
•
IT and Telecom
•
Government and Public Utilities
•
Healthcare
•
Energy and Utilities
•
Education
•
Others (Travel, Transport, Manufacturing,
etc.)
By Region
•
North America
•
Europe
•
Asia Pacific
•
Latin America
•
Middle East & Africa
1. Research Framework
1.1. Research
Objective
1.2. Component
Overview
1.3. Market
Segmentation
2. Research Methodology
2.1. Qualitative
Research
2.1.1.
Primary & Secondary Organization Size
2.2. Quantitative
Research
2.2.1.
Primary & Secondary Organization Size
2.3. Breakdown
of Primary Research Respondents, By Region
2.3.1.
Secondary Research
2.3.2.
Primary Research
2.4. Breakdown
of Primary Research Respondents
2.5. Market
Size Estimation
2.6. Assumption
for The Study
2.7. Market
Breakdown & Data Triangulation
3. Executive Summary
4. Global Next-Generation Firewall Insights
4.1. DROC
Analysis
4.1.1.
Growth Drivers
4.1.2.
Restraints
4.1.3.
Opportunities
4.1.4.
Challenges
4.2. Technological
Landscape
4.3. Regulatory
Framework
4.4. Company
Market Share Analysis,2019
4.5. Porter’s
Five forces analysis
4.5.1.
Bargaining Power of Suppliers
4.5.2.
Bargaining Power of Buyers
4.5.3.
Threat of New Entrants
4.5.4.
Threat of Substitutes
4.5.5.
Intensity of Rivalry
5. Global Next-Generation Firewall Overview
5.1. Market
Estimates & Forecast by Value, 2016-2026
5.1.1.
By Value (USD)
5.2. Market
Share & Forecast
5.2.1.
By Component
5.2.1.1.
Solution
5.2.1.1.1.
Hardware
5.2.1.1.2.
Virtual
5.2.1.1.3.
Cloud
5.2.1.2.
Service
5.2.1.2.1.
Professional Service
5.2.1.2.2.
Consulting Service
5.2.1.2.3.
Support and Maintenance
5.2.1.2.4.
Training and Education
5.2.1.2.5.
System Integration
5.2.1.2.6.
Managed Service
5.2.2.
By Organization Size
5.2.2.1.
Small and Medium Enterprises (SMEs)
5.2.2.2.
Large Enterprises
5.2.3.
By Vertical
5.2.3.1.
Banking, Financial Services, and Insurance
(BFSI)
5.2.3.2.
Retail
5.2.3.3.
IT and Telecom
5.2.3.4.
Government and Public Utilities
5.2.3.5.
Healthcare
5.2.3.6.
Energy and Utilities
5.2.3.7.
Education
5.2.3.8.
Others (Travel, Transport, Manufacturing,
etc.)
5.2.4.
By Region
5.2.4.1.
North America
5.2.4.2.
Europe
5.2.4.3.
Asia Pacific
5.2.4.4.
Latin America
5.2.4.5.
Middle East & Africa
6. North America Next-Generation Firewall
Market
6.1. Market
Estimates & Forecast by Value, 2016-2026
6.1.1.
By Value (USD)
6.2. Market
Share & Forecast
6.2.1.
By Component
6.2.2.
By Organization Size
6.2.3.
By Vertical
6.2.4.
By Country
6.2.4.1.
U.S
6.2.4.2.
Canada
7. Europe Next-Generation Firewall Market
7.1. Market
Estimates & Forecast by Value, 2016-2026
7.1.1.
By Value (USD)
7.2. Market
Share & Forecast
7.2.1.
By Component
7.2.2.
By Organization Size
7.2.3.
By Vertical
7.2.4.
By Country
7.2.4.1.
Germany
7.2.4.2.
U.K
7.2.4.3.
France
7.2.4.4.
Italy
7.2.4.5.
Rest of Europe
8. Asia Pacific Next-Generation Firewall
Market
8.1. Market
Estimates & Forecast by Value, 2016-2026
8.1.1.
By Value (USD)
8.2. Market
Share & Forecast
8.2.1.
By Component
8.2.2.
By Organization Size
8.2.3.
By Vertical
8.2.4.
By Country
8.2.4.1.
China
8.2.4.2.
India
8.2.4.3.
Japan
8.2.4.4.
South Korea
8.2.4.5.
Rest of Asia Pacific
9. Latin America Next-Generation Firewall
Market
9.1. Market
Estimates & Forecast by Value, 2016-2026
9.1.1.
By Value (USD)
9.2. Market
Share & Forecast
9.2.1.
By Component
9.2.2.
By Organization Size
9.2.3.
By Vertical
9.2.4.
By Country
9.2.4.1.
Brazil
9.2.4.2.
Mexico
9.2.4.3.
Argentina
9.2.4.4.
Rest of Latin America
10.Middle East & Africa Next-Generation
Firewall Market
10.1.
Market Estimates & Forecast by Value,
2016-2026
10.1.1.
By Value (USD)
10.2.
Market Share & Forecast
10.2.1.
By Component
10.2.2.
By Organization Size
10.2.3.
By Vertical
10.2.4.
By Country
10.2.4.1.
Saudi Arabia
10.2.4.2.
UAE
10.2.4.3.
South Africa
10.2.4.4.
Rest of Middle East & Africa
11.Company Profile (Company Overview,
Financial Matrix, Component landscape, Key Personnel, Key Competitors, Contact
Address, and Strategic Outlook)
11.1.
Palo Alto Networks Inc.
11.2.
Cisco Systems
11.3.
Sophos Ltd.
11.4.
Juniper Networks
11.5.
Dell Technologies
11.6.
Sonicwall Inc.
11.7.
Huawei Technologies Co. Ltd
11.8.
Fortinet Inc.
11.9.
Barracuda Networks Inc.
11.10.
Forcepoint LLC
11.11.
WatchGuard Technologies Inc.
11.12.
Check Point Software Technologies Ltd.
11.13.
Hillstone Networks
11.14.
Kaspersky Lab
11.15.
Sophos Technologies Pvt. Ltd (Cyberoam)
11.16.
Untangle Inc.
11.17.
GajShield Infotech Pvt. Ltd.
11.18.
Zscaler Inc.
11.19.
NVIDIA Corporation
11.20.
Other Prominent Players
List
of Figures
Fig: Global Next-Generation Firewall Segmentation
Fig: Global Next-Generation Firewall Market Value Chain
Analysis
Fig: Company Market Share Analysis, 2019
Fig: Global Next-Generation Firewall Market Size, By
Value (USD Million), 2016-2026
Fig: Global Next-Generation Firewall Market Share, By
Component, By Value, 2016-2026
Fig: Global Next-Generation Firewall Market Share, By
Organization Size, By Value, 2016-2026
Fig: Global Next-Generation Firewall Market Share, By
Vertical, By Value, 2016-2026
Fig: Global Next-Generation Firewall Market Share, By
Region, By Value, 2016-2026
Fig: North America Next-Generation Firewall Market Size,
By Value (USD Million), 2016-2026
Fig: North America Next-Generation Firewall Market Y-o-Y
Growth, By Value, 2017-2026
Fig: North America Next-Generation Firewall Market Share,
By Component, By Value, 2016-2026
Fig: North America Next-Generation Firewall Market Share,
By Organization Size, By Value, 2016-2026
Fig: North America Substitutes Market Share, By Vertical,
By Value, 2016-2026
Fig: North America Next-Generation Firewall Market Share,
By Country, By Value, 2016-2026
Fig: Europe Next-Generation Firewall Market Size, By
Value (USD Million), 2016-2026
Fig: Europe Next-Generation Firewall Market Y-o-Y Growth,
By Value, 2017-2026
Fig: Europe Next-Generation Firewall Market Share, By
Component, By Value, 2016-2026
Fig: Europe Next-Generation Firewall Market Share, By
Organization Size, By Value, 2016-2026
Fig: Europe Next-Generation Firewall Market Share, By
Vertical, By Value, 2016-2026
Fig: Europe Next-Generation Firewall Market Share, By
Country, By Value, 2016-2026
Fig: Asia-Pacific Next-Generation Firewall Market Size,
By Value (USD Million), 2016-2026
Fig: Asia-Pacific Next-Generation Firewall Market Y-o-Y
Growth, By Value, 2017-2026
Fig: Asia-Pacific Next-Generation Firewall Market Share,
By Component, By Value, 2016-2026
Fig: Asia-Pacific Next-Generation Firewall Market Share,
By Organization Size, By Value, 2016-2026
Fig: Asia-Pacific Next-Generation Firewall Market Share,
By Vertical, By Value, 2016-2026
Fig: Asia-Pacific Next-Generation Firewall Market Share,
By Country, By Value, 2016-2026
Fig: Latin America Next-Generation Firewall Market Size,
By Value (USD Million), 2016-2026
Fig: Latin America Next-Generation Firewall Market Y-o-Y
Growth, By Value, 2017-2026
Fig: Latin America Next-Generation Firewall Market Share,
By Component, By Value, 2016-2026
Fig: Latin America Next-Generation Firewall Market Share,
By Organization Size, By Value, 2016-2026
Fig: Latin America Next-Generation Firewall Market Share,
By Vertical, By Value, 2016-2026
Fig: Latin America Next-Generation Firewall Market Share,
By Country, By Value, 2016-2026
Fig: Middle-East & Africa Next-Generation Firewall
Market Size, By Value (USD Million), 2016-2026
Fig: Middle-East & Africa Next-Generation Firewall
Market Y-o-Y Growth, By Value, 2017-2026
Fig: Middle-East & Africa Next-Generation Firewall
Market Share, By Component, By Value, 2016-2026
Fig: Middle-East & Africa Next-Generation Firewall
Market Share, By Organization Size, By Value, 2016-2026
Fig: Middle-East & Africa Next-Generation Firewall
Market Share, By Vertical, By Value, 2016-2026
Fig: Middle East & Africa Next-Generation Firewall
Market Share, By Country, By Value, 2016-2026
List
of Tables:
Table: Global Next-Generation Firewall Market Size, By
Component, By Value, 2016-2026
Table: Global Next-Generation Firewall Market Size, By
Organization Size, By Value, 2016-2026
Table: Global Next-Generation Firewall Market Size, By
Vertical, By Value, 2016-2026
Table: Global Next-Generation Firewall Market Size, By
Region, By Value, 2016-2026
Table: North America Next-Generation Firewall Market
Size, By Component, By Value, 2016-2026
Table: North America Next-Generation Firewall Market
Size, By Organization Size, By Value, 2016-2026
Table: North America Next-Generation Firewall Market
Size, By Vertical, By Value, 2016-2026
Table: North America Next-Generation Firewall Market
Size, By Country, By Value, 2016-2026
Table: Europe Next-Generation Firewall Market Size, By
Component, By Value, 2016-2026
Table: Europe Next-Generation Firewall Market Size, By
Organization Size, By Value, 2016-2026
Table: Europe Next-Generation Firewall Market Size, By
Vertical, By Value, 2016-2026
Table: Europe Next-Generation Firewall Market Size, By
Country, By Value, 2016-2026
Table: Asia-Pacific Next-Generation Firewall Market Size,
By Component, By Value, 2016-2026
Table: Asia-Pacific Next-Generation Firewall Market Size,
By Organization Size, By Value, 2016-2026
Table: Asia-Pacific Next-Generation Firewall Market Size,
By Vertical, By Value, 2016-2026
Table: Asia-Pacific Next-Generation Firewall Market Size,
By Country, By Value, 2016-2026
Table: Latin America Next-Generation Firewall Market
Size, By Component, By Value, 2016-2026
Table: Latin America Next-Generation Firewall Market
Size, By Organization Size, By Value, 2016-2026
Table: Latin America Next-Generation Firewall Market
Size, By Vertical, By Value, 2016-2026
Table: Latin America Next-Generation Firewall Market
Size, By Country, By Value, 2016-2026
Table: Middle-East & Africa Next-Generation Firewall
Market Size, By Component, By Value, 2016-2026
Table: Middle-East & Africa Next-Generation Firewall
Market Size, By Organization Size, By Value, 2016-2026
Table: Middle-East & Africa Next-Generation Firewall
Market Size, By Vertical, By Value, 2016-2026
Table: Middle East & Africa Next-Generation Firewall
Market Size, By Country, By Value, 2016-2026
Table: Palo Alto Networks, Inc. Financial Analysis
Table: Cisco Systems Financial Analysis
Table: Sophos Ltd. Financial Analysis
Table: Juniper Networks Financial Analysis
Table: Dell Technologies Financial Analysis
Table: Sonicwall, Inc. Financial Analysis
Table: Huawei Technologies Co. Ltd Financial Analysis
Table: Fortinet, Inc. Financial Analysis
Table: Barracuda Networks, Inc. Financial Analysis
Table: Forcepoint LLC Financial Analysis
*Financial
details will be captured as per data availability in case of unlisted companies
**The
segmentation and the companies are subjected to modifications based on the
in-depth secondary for the final deliverable.
Market Segmentation
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