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Next-Generation Firewall Market Report Forecasts Impressive Growth by 2022 - Scalar Market Research
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A next-generation firewall (NGFW) is an integrated network platform that is part of the third generation of firewall technology combining traditional firewall with other networking devices functionalities. Next-generation firewalls are meant to provide protection from web-based malware attacks, targeted attacks, application layer attacks and many more. The rise in internal as well as external network threats is contributing to the growth of next-generation firewall market. This report studies the current and future prospects of next-generation firewall market.
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KEY PREMIUM INDUSTRY INSIGHTS
1. The rise in Internet of Things (IoT) trends is contributing towards the growth of next-generation firewall market. The services segment is growing at a fast pace which is opening newer opportunities for the market.
2. SME’s as well as large enterprises are concerned about their data security and protection of malware attacks, ransomware, APTs, zero-day attacks and unauthorized access issues which is increasing the demand for next-generation firewall.
3. There is a rise in number of vendors offering next-generation firewall technologies to the small as well as big organizations. This factor also leads to rise of next-generation firewall market.
The next-generation firewall market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the maximum market share and contributes the highest revenue in next-generation firewall market. This dominance is because of developed economies of US and Canada because of which there is a high focus on research and development of security technologies. Next in line is the Asia-Pacific region which is witnessing a rapid growth of the next-generation firewall market. The growth of the market in Asia-Pacific region is because of rise in demand of IoT devices and technologies in organizations.
KEY MARKET PLAYERS
Key players in the next-generation firewall market include:
1. Cisco Systems, Inc.
2. Check Point Software Technologies Ltd
3. Palo Alto Networks, Inc.
4. Barracuda Networks, Inc
5. Fortinet, Inc.
6. Sonicwall Inc.
6. Zscaler, Inc.
7. Forcepoint LLC
8. Juniper Networks
9. Hillstone Networks
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About Scalar Market Research
Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.
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