Report Description
A recent market
intelligence report that is published by Data Insights Partner on next
generation firewall market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international next generation firewall market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world next
generation firewall market over the short
as well as long period of time. A detailed presentation of forecast, trends,
and dollar values of international Next generation firewall market is offered. In accordance with the report, the global Next
generation firewall market is projected to
expand at a prominent CAGR of over the period of forecast.
Market Insight, Drivers, Restraints
& Opportunity of the Market:
A firewall is
a type of network security solution software which monitors outgoing and
incoming data network traffic and resolves whether to block or allow specific
traffic based on a defined set of security rules. Across the globe, various
organizations are installing next-generation firewalls solution to block modern
threats which includes application-layer attacks and advanced malware among
others. In addition, networks next-generation firewalls are architected to
prevent modern threats and safely enable applications. Next generation firewall
has various important characteristics which includes application awareness,
advanced integrated intrusion protection system (IPS), better bridged and
routed modes and identity awareness among others. This factor is expected to increase
the demand of Next generation Firewall market in coming years. Increasing the
demand of cloud based application in various end use industry is also predicted
to trigger the demand of this product market during the forecast period.
Moreover, Next-Generation Firewall market is predicted a stable during the
forecast year due to reducing the surface area of cyber-attacks across the
various end use industry.
Geographically, the global Next-Generation Firewall
market has been segmented into North America, Europe, Asia Pacific, Middle-
East & Africa (MEA) and Latin America. Increasing security concerns owing
to the cyber-attacks and rising government initiative such as revenue
transaction, identification program and huge investments in security
technologies among others are largely accountable for the growth of Next
Generation Firewall market in North America region. The Asia pacific is the
most attractive and fastest growing market for the Next-Generation Firewall
market owing to growing industrial infrastructure development in this region. Across
the globe, various next generation firewall service provider company is now
adding extra features which includes appliances such as website filtering, SSL
inspection, even sandboxing and antivirus inspection to enhance the efficiency
of their products which in turn is trigger the demand of this product market in
coming years. In addition, to the growing demand for information technology and
upcoming IoT trend in smart services is also expected to contribute to the
growth of the global Next-Generation Firewall market during the forecast years.
Segment Covered:
The global
Next-Generation Firewall market has been segmented on the basis of component,
size of the organization, end use industry and geography. Based on component,
Next Generation Firewall market has been segmented in to solution and services.
Again, this solution segment is segregated into hardware, virtual and cloud
based. On the basis of service segment, component market can be segmented into
professional services and managed services. In addition, cloud based application
segment in the NGFW solution market is anticipated to have the major market in
terms of revenue, during the forecast period. On the basis of size of the
organization, Next- Generation Firewall market is bifurcated into small, medium
and large organization. Owing to increasing the adoption of next generation
firewall to secure various company IT infrastructure from various advanced
threats such as malware, unauthorized access, and ransom ware among others is
also predicted to increase the demand of this product market among the small
and medium organization in coming years. Based on end use industry, the market
for next generation firewall has been segmented into banking, financial
services and insurance (BFSI), information technology and telecommunication,
healthcare, government sector, power generation and distribution, education,
defense and aerospace among others. The next generation firewall is able to
track the identity of the local traffic user and using as an existing
enterprise authentication systems. Therefore, the global Next-Generation
Firewall market are expected to grow at a faster rate in the upcoming years.
The banking, financial services and insurance (BFSI) is expected to grow at a
highest CAGR rate during the forecast period.
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as Cisco Systems (The U.S), WatchGuard Technologies (The
U.S), Check Point Software (The U.S), Fortinet Inc. (The U.S), Barracuda
Networks (The U.S), Palo Alto Networks (The U.S), Juniper Networks (The U.S),
Sophos Ltd. (The U.K) and Forcepoint (The U.S) and Zscaler (The U.S) among others have been profiled into detail so as to offer a glimpse
of the market leaders. Moreover, parameters such as next
generation firewall market related
investment & spending and developments by major players of the market are
tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the next generation firewall market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2017
as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world next generation firewall market is done by taking into account various parameters such
as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Cisco Systems
(The U.S), WatchGuard Technologies (The U.S), Check Point Software (The U.S),
Fortinet Inc. (The U.S), Barracuda Networks (The U.S) among others
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for next generation firewall market caters to the needs of various stakeholders pertaining to
this industry, namely suppliers, product manufacturers, investors, and
distributors for next generation firewall market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a
strong understanding of the investment opportunities in the next
generation firewall market
v
Identification
of key factors driving investment opportunities in the next
generation firewall market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants