Global Next Generation Firewall (NGFW) Market Advancements and Key Strategies for 2023 to 2030 | Emsisoft, Fortinet,360

Latest Report: Trends and Top Manufacturers analysis of "Next Generation Firewall (NGFW) Market" Forecast to 2028 shared by Infinitybusinessinsights.com. This report will help the viewer in Better Decision Making.

Market size for Next-Generation Firewalls was estimated at USD 4.67 billion globally in 2022 and is projected to grow at a CAGR of 11.8% between 2023 and 2030. The third generation of firewall technology, which includes next-generation firewall, is created to defend organisations from sophisticated security attacks at the application level through conceptual and context-aware security frameworks. It combines conventional firewall features like stateful inspection and packet filtering with additional technologies that let people and companies choose the internet content they view more wisely. The demand for next-generation firewall solutions and services is being driven by elements like the internet of things (IoT)'s quick uptake and the expansion of internal and external threats across devices.

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The Key companies profiled in the Next Generation Firewall (NGFW) Market:
The study examines the Next Generation Firewall (NGFW) Market's competitive landscape and includes data on Emsisoft, Fortinet, 360, Kaspersky Lab, WatchGuard Technologies, Check Point, Barracuda Networks, Juniper Networks, Palo Alto Networks, Cyberoam(Sophos Technologies) & Others.

Global Next Generation Firewall (NGFW) Market Split by Product Type and Applications

This report segments the Next Generation Firewall (NGFW) Market on the basis of Types:
Type I
Type II

On the basis of Application, the Next Generation Firewall (NGFW) Market is segmented into:
Application-Layer Firewalls
Network Layer Firewalls
Database-Firewall

The Next Generation Firewall (NGFW) market is divided into solutions and services based on components. In 2023, the solution segment's revenue share was 67.4%, which was the highest. This market's expansion is primarily attributable to organisations' rising need for cutting-edge security solutions as a result of an increase in cyberattacks and an increased requirement to protect sensitive data. The market is divided into large and small and medium-sized companies (SMEs) based on enterprise size. In 2023, the big size firms sector had the highest revenue share at 72.2%. The desire to raise productivity, increase flexibility and agility by maintaining firewall security, and shielding organisations from cyberattacks that might potentially disrupt the business are some of the causes contributing to the segment's growth.

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With a 35.5% market share in 2023, North America held the top spot in Next Generation Firewall (NGFW) market. Over the course of the forecast period, the region is expected to grow at a CAGR of 11.7% due to factors including increased cyberattack incidents and rising financial frauds. Additionally, the region's market for next-generation firewalls is projected to develop as a result of the existence of major industry competitors like Palo Alto Networks, Cisco Systems Inc., Barracuda Networks, Inc., Juniper Networks, Ltd., Huawei Technologies Co., Ltd., Fortinet, Inc., and others. During the forecast period, Asia Pacific is expected to have the quickest CAGR of 14.4%. The adoption of IoT devices, cloud platforms, and the expansion of cybersecurity requirements by the government are pushing the market for next-generation firewalls in the area.

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Market Segmentation:
Next Generation Firewall (NGFW) market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

The Next Generation Firewall (NGFW) market is divided into BFSI, retail, IT & communications, healthcare, energy & utilities, manufacturing, government, and others based on industry verticals. The other sub-segment also includes logistics, aerospace & defence, and education & academic research. In 2021, the BFSI segment had the most revenue share (21.9%) and is anticipated to increase at the quickest CAGR (13.9%) over the forecast period. The need for next-generation firewalls in the banking and finance sector is projected to be driven by the growing adoption of next-generation firewall solutions and services to stop cyberattacks on financial data on the cloud or other virtual platform.

Major Point of Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Next Generation Firewall (NGFW) Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Next Generation Firewall (NGFW) Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Next Generation Firewall (NGFW) Market Analysis
Chapter 6 East Asia Next Generation Firewall (NGFW) Market Analysis
Chapter 7 Europe Next Generation Firewall (NGFW) Market Analysis
Chapter 8 South Asia Next Generation Firewall (NGFW) Market Analysis
Chapter 9 Southeast Asia Next Generation Firewall (NGFW) Market Analysis
Chapter 10 Middle East Next Generation Firewall (NGFW) Market Analysis
Chapter 11 Africa Next Generation Firewall (NGFW) Market Analysis
Chapter 12 Oceania Next Generation Firewall (NGFW) Market Analysis
Chapter 13 South America Next Generation Firewall (NGFW) Market Analysis
Chapter 14 Company Profiles and Key Figures in Next Generation Firewall (NGFW) Business
Chapter 15 Global Next Generation Firewall (NGFW) Market Forecast (2023-2028)
Chapter 16 Conclusions
Research Methodology...

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