The global Next Generation Firewall Market size is projected to grow from USD 5.0 billion in 2023 to USD 8.6 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period.
Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=32240698
The changing cybersecurity landscape emphasizes regulatory compliance for enterprises, making Next-Generation Firewalls (NGFWs) crucial in meeting stringent data protection laws globally, like GDPR and CCPA. NGFW providers such as Palo Alto Networks and Fortinet integrate features like application control and intrusion prevention to enhance security.
As IoT and BYOD trends grow, NGFWs become pivotal in addressing network security challenges, providing deep inspection and protection in industrial settings. The global shift to remote work raises demand for advanced security solutions, with NGFWs playing a vital role in ensuring secure remote access amidst increased cyber threats.
What is the next generation firewall?
Cisco states, “A next-generation firewall (NGFW) is a network security device that provides capabilities beyond a traditional, stateful 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.”
Competitive overview:
The next-generation firewall market is led by some of the globally established players, such as Palo Alto Networks (US), Cisco (US), Fortinet (US), Check Point (Israel), Juniper Networks (US), Barracuda Networks (US), SonicWall (US), Zscaler (US), Forcepoint (US), and Hillstone Networks (US). Partnerships, agreements, collaborations, acquisitions, and product developments are some of the various growth strategies these players use to increase their market presence.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=32240698
Palo Alto Networks (US), a leading global cybersecurity company, is at the forefront of innovative technologies, dedicated to securing enterprise users, networks, clouds, and endpoints in the evolving digital landscape. Leveraging AI and automation, the company focuses on network security, cloud security, security operations, and threat intelligence, delivering comprehensive zero-trust solutions and cloud-native security through Prisma Cloud. The NGFWs portfolio includes hardware, container, and cloud/virtual NGFWs, along with the Cloud Native Application Protection Platform (CNAPP). Palo Alto Networks extends its services to Threat Intelligence, Incident Response, and Global Customer Services, catering to diverse industries worldwide, positioning itself as a trusted cybersecurity partner for medium to large enterprises, service providers, and government entities across North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America.
Get More Info: https://www.marketsandmarkets.com/Market-Reports/next-generation-firewall-ngfw-market-32240698.html
Cisco (US), a global technology leader, has played a pivotal role in shaping the Internet since its founding in 1984 by computer scientists from Stanford University. Renowned for its commitment to innovation, Cisco has been a driving force in developing Internet Protocol (IP)-based networking technologies. The company's diverse product portfolio covers routing, switching, unified communications, network security, video, virtualization, and cloud computing. In the Next-Generation Firewall (NGFW) category, Cisco offers a comprehensive lineup tailored to businesses of various sizes and industries, including secure firewalls for cloud environments and rugged industrial settings. With a global presence across the Americas, Europe, Middle East, Africa, and Asia Pacific, Cisco serves a wide range of industries, providing extensive services from advisory and support to managed and learning services, empowering organizations in the digital era.
In addition to the prominent vendors, some other key players, such as Versa Networks (US), NordLayer (US), Cato Networks (Israel), CrowdStrike (US), Trend Micro (Japan), Huawei (China), Sophos (UK), Atrity (India), Easi (Belgium), Zyxel Networks (India), Nomios (Netherlands), WatchGuard (US), Sangfor (China), GajShield (India), and H3C (China) are also evolving in the next generation firewall market.
According to MnM’s approach to evaluating the market, most businesses use inorganic growth tactics to hold onto their market share. These agreements cover alliances, acquisitions, collaborations, and partnerships together. Product launches and corporate growth activities are abruptly affected by factors such as government regulations. On the other hand, organizations are anticipated to embrace organic growth strategies to provide end consumers with next-generation firewall software and professional services, which would assist businesses in boosting market revenue.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Detailed study on Next-Generation Firewall Market by MarketsandMarkets™ provides broad analysis on the basis of Types, Applications and key players which is useful for better decision making.According to a new market research report "Next-Generation Firewall Market by Delivery Type (Hardware, Virtual, Cloud), Service (Professional (Consulting, Support and Maintenance, System Integration), and Managed), Organization Size, Vertical, and Region - Global Forecast to 2022" published by MarketsandMarkets™, the NGFW Market size expected to grow from USD 2.39 Billion in 2017 to USD 4.27 Billion by 2022 at CAGR of 12.3%.
Browse in-depth TOC on "Next-Generation Firewall Market” 62- Tables 57- Figures 136- PagesNext-generation firewall is a process of collecting, archiving, managing, and reporting the logs, which are generated from various devices, such as firewalls, routers, servers, and switches.
The main objective of NGFW is to track the security events and network activities.
With proper NGFW solutions, an organization can effectively manage logs while ensuring the integrity and improved business continuity.
NGFW helps organizations to protect networks, endpoints, and applications from various malicious attacks, sophisticated cybercriminals, ransomware, and Advanced Persistent Threats (APTs).
The market for services segment is growing, as the individuals, SMEs, and large enterprises are concerned about the secured accesses to their networking devices.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=32240698The BFSI vertical is expected to grow at the highest CAGR in the NGFW MarketThe Banking, Financial Services, and Insurance (BFSI) vertical is expected to contribute to the largest market share in the NGFW Market.
There are a number of components to look when choosing the right network infrastructure security system for your business.
One of the most basic yet incredibly effective, options is the managed next generation firewall.
Firewalls are an excellent choice for networks that use the internet, an internet and regular access to the internet for everyday business operations.Visit: https://activictnetworks.blogspot.com/2020/07/protect-your-network-infrastructure_10.html
