The Global NGFW market exhibited promising figures in 2017, with a valuation of $2,570.49 million. This figure is projected to soar to $6,719.56 million by 2025, marking a notable Compound Annual Growth Rate (CAGR) of 12.9% during the forecast period from 2018 to 2025. Notably, in 2017, next-generation firewall solutions dominated the market in terms of revenue generation.

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Next-generation firewalls are advanced firewalls, which offer additional features such as active directory integration support, malware filtering based on reputation, and SSH & SSL inspection. The technology possesses capabilities to detect and block complicated attacks through security measures at the port, protocol, and application level. These firewalls are implemented in various models, including software or hardware. Increase in preference of organizations toward online applications and SaaS services has raised the security concerns regarding the normal inspection of ports and protocols, as it is insufficient to provide effective network security.

This ongoing migration of IT workloads to cloud such as Microsoft Azure, and Google Cloud Platform along with the increase in hybrid network architectures complexities are the next-generation firewall market trends that drive the growth of the market. However, lack of cyber-security professionals and performance issues of these firewalls associated with cloud protection are some factors that hinder the growth of the growth.

Market Analysis

The NGFW market is witnessing dynamic shifts driven by factors such as evolving cybersecurity threats, increasing adoption of cloud-based services, and stringent regulatory requirements. However, amidst these challenges lie opportunities for market players to innovate and cater to the growing demand for advanced security solutions.

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The analysis of the global next-generation firewall market features prominent market players, including:

• Barracuda Networks


• Check Point


• Cisco


• Forcepoint


• Fortinet


• Huawei


• Juniper Networks


• Palo Alto Networks


• SonicWall


• Sophos

The hardware based next-generation firewalls segment dominated next-generation firewall market share in 2017 and is projected to maintain its dominance during the forecast period owing to its superior layer of protection because of its perimeter network position. Moreover, these firewalls are independent of the OS, browsers, and other software on the networked device. Furthermore, cloud-based NGFW are expected to grow at a significant CAGR during the forecast period, owing to capabilities possessed by these firewalls to eliminate the appliance form factor, reduce the operational and capital expenses associated with appliance upgrades and unmitigated vulnerabilities.

The global next-generation firewall industry was led by the BFSI industry in 2017 and is projected to maintain its dominance during the forecast period. However, the healthcare segment is expected to witness the highest growth rate. NGFW plays an essential in HIPAA compliance and helps defend malicious attacks and unauthorized access. In addition, increase in adoption of EHRs in the developing countries are expected to create opportunities for the next-generation firewall market as EHRs and its clinical data is highly vulnerable to several cyber-attacks.

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Unique Content:

While the NGFW market is experiencing robust growth globally, there are several unique trends and insights shaping its trajectory:

Rise of Cloud-Based NGFW Solutions: With organizations embracing cloud infrastructure, there’s a notable surge in the adoption of cloud-based NGFW solutions. These solutions offer scalability, flexibility, and enhanced threat visibility, catering to the evolving needs of modern enterprises.

Integration of Artificial Intelligence (AI) and Machine Learning (ML): NGFW vendors are increasingly incorporating AI and ML capabilities into their offerings to bolster threat detection and response mechanisms. By leveraging advanced analytics, these solutions can identify and mitigate sophisticated cyber threats in real-time, enhancing overall security posture.

Focus on Regulatory Compliance: The implementation of stringent data protection regulations, such as GDPR and CCPA, is driving organizations to invest in robust NGFW solutions. These solutions aid in achieving regulatory compliance by providing features like advanced encryption, access control, and comprehensive auditing capabilities.

Key Findings of the Next-Generation Firewall Market:

• Based on component, the solution segment led the next-generation firewall market size in terms of revenue in 2017.


• Based on type, the hardware based firewalls accounted for the highest NGFW market share in 2017.


• Based on region, North America generated the highest revenue in 2017.


• Based on industry vertical, the healthcare segment is anticipated to exhibit substantial growth during the forecast period.


• Based on region, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.

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By Component:

• Solutions


• Services

By Type:

• Hardware


• Virtual


• Cloud-Based

By Organization Size:

• Large Enterprises


• Small and Medium Enterprises (SMEs)

By Industry Vertical:

• Aerospace & Defense


• Banking, Financial Services, and Insurance (BFSI)


• Public Sector


• Retail


• Healthcare


• Information Technology and Telecommunications (IT & Telecom)


• Energy & Utilities


• Manufacturing


• Others

Table of Content:

• Report Overview


• Global Growth Trends


• Competition Landscape by Key Players


• Data Segments


• North America Market Analysis


• Europe Market Analysis


• Asia-Pacific Market Analysis


• Latin America Market Analysis


• Middle East & Africa Market Analysis


• Key Players Profiles Market Analysis


• Analysts Viewpoints/Conclusions


• Appendix

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Questions & Answers Market Research/Analysis Report Contains to your following:

• What is the current size of the market and how is it expected to grow in the future?


• What are the key drivers influencing market growth?


• What are the major challenges or constraints faced by market participants?


• What are the emerging trends and opportunities in the market?


• Who are the major competitors in the market and what is their market share?


• What are the key customer segments and their preferences within the market?


• What are the regional or geographic trends and variations within the market?


• What are the regulatory and legal factors impacting the market?


• What are the technological advancements or innovations shaping the market?


• What are the pricing trends and strategies observed in the market?

Report Objectives:

• Thoroughly analyze and forecast the market size by both value and volume.


• Estimate the market shares of key segments within the industry.


• Highlight the market’s progress in different regions across the globe.


• Study micro-markets to understand their contributions, prospects, and individual growth trajectories.


• Provide detailed insights into factors influencing sales growth over the forecast period.


• Offer a meticulous analysis of major business strategies employed by leading companies in the market, including research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Reasons to Purchase the Market Report:

• Explore emerging market trends and assess their potential impact on industry expansion.


• Discuss the factors, challenges, and opportunities expected to significantly influence the global industry.


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• Access a detailed analysis of market statistics, historical and current growth conditions, and futuristic growth estimates.


• Benefit from comprehensive insights into market dynamics and growth prospects.

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