Press release
2023 Global Next-Generation Firewall Market - Driving Factors, Industry Challenges, Business segmentation, Leading countries And Forecast To 2032
Next-Generation Firewall Market
Next-Generation Firewall Market Size, Growth Rate, And Forecast
The global next-generation firewall market size is expected to grow from $4.17 billion in 2022 to $4.63 billion in 2023 at a compound annual growth rate (CAGR) of 10.96%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global next-generation firewall market size is expected to reach $7.03 billion in 2027 at a CAGR of 11.02%.
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Next-Generation Firewall Market Drivers
The rise in demand for advanced cyber security solutions is expected to propel the growth of the next-generation firewall market going forward. Cybersecurity solutions refers to the use of technologies, procedures and safeguards to defend against cyberattacks on systems, networks, programs, devices and data.
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Next-Generation Firewall Market Segments
• By Component: Solution, Services
• By Type: Hardware, Virtual, Cloud-Based
• By Services: Professional Service, Managed Service, Support And Maintenance, Training And Education, Consulting Service, System Integration, Other Services
• By Enterprise Size: Large Size Enterprises, Small And Medium Sized Enterprises (SMEs)
• By Industry Vertical: BFSI, Retail, IT And Telecommunication, Healthcare, Energy And Utilities, Manufacturing, Government, Other Industry Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Next-Generation Firewall market.
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Next-Generation Firewall Market Key Players
Major competitors in the Next-Generation Firewall market include Cisco Systems Inc., Barracuda Networks Inc., Check Point Solution Technologies Ltd., Juniper Networks Inc.
The Business Research Company's "Global Next-Generation Firewall Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Next-Generation Firewall Market Include:
1. Executive Summary
2. Next-Generation Firewall Market Characteristics
3. Next-Generation Firewall Market Trends And Strategies
4. Next-Generation Firewall Market - Macro Economic Scenario
5. Next-Generation Firewall Market Size And Growth
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26. Africa Next-Generation Firewall Market
27. Next-Generation Firewall Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Next-Generation Firewall Market
29. Next-Generation Firewall Market Future Outlook and Potential Analysis
30. Appendix
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