Next Generation Firewall NGFW Market was valued at USD 3.6 Billion in 2022 and is projected to reach USD 9.5 Billion by 2030, growing at a CAGR of 12.6% from 2024 to 2030.
Between 2018 and 2022, the demand for NGFWs was largely driven by organizations’ increasing reliance on cloud-based applications, the Internet of Things (IoT), and mobile devices. The shift to remote work also contributed to the demand, as organizations sought to secure an expanded perimeter that included employees accessing the network from various locations. Moreover, the rise in advanced persistent threats (APTs) and data breaches increased the necessity for NGFWs, pushing organizations to adopt more advanced technologies capable of detecting and mitigating these threats.
The next decade, from 2023 to 2033, is expected to see even more demand for NGFW solutions, albeit with some shifts in how the market evolves. While traditional use cases of securing network perimeters continue to dominate, there is a growing demand for NGFWs that integrate seamlessly with cloud platforms, secure hybrid environments, and protect against sophisticated ransomware attacks. With cloud adoption accelerating, organizations are increasingly looking for security solutions that can provide consistent protection across on-premises and cloud-based infrastructures. Moreover, the importance of automation and artificial intelligence in threat detection is expected to play a more prominent role in the NGFW market, enabling faster responses and reducing the burden on IT security teams.
Additionally, governments and large corporations are pushing for higher compliance standards, which require more sophisticated NGFW solutions. As regulations around data protection and privacy become stricter, organizations must comply with these standards, which directly increases demand for NGFW solutions that offer not only security but also compliance tracking and reporting features. The ongoing shift towards more secure, resilient, and automated infrastructures is likely to drive the NGFW market to new heights in the coming years.
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The Next Generation Firewall (NGFW) market has experienced significant evolution from 2018 to 2022. In this period, NGFW solutions grew rapidly due to increasing cybersecurity threats, cloud migration, and rising digital transformation trends. In particular, businesses across various sectors realized the importance of advanced security measures, as cyber threats became more sophisticated, with attacks targeting both enterprises and governments. NGFWs evolved from traditional firewalls to solutions that not only filter traffic but also offer deep inspection capabilities, integrated intrusion prevention systems (IPS), application awareness, and cloud-delivered security. This advancement made NGFWs an indispensable part of cybersecurity infrastructure, driving their adoption in both large and small enterprises.
Cisco Systems (US)
Check Point Software Technologies (Israel)
Palo Alto Networks (US)
Barracuda Networks (US)
Fortinet (US)
Sonicwall (US)
Zscaler (US)
Forcepoint (US)
Juniper Networks (US)
Hillstone Networks (US)
Sophos (UK)
Gajshield Infotech (India)
WatchGuard Technologies (US)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Next Generation Firewall NGFW Market
BFSI
Retail
IT and Telecom
Government and Public Utilities
Healthcare
Energy and Utilities
Education
Other
Based on Types the Market is categorized into Below types that held the largest Next Generation Firewall NGFW market share In 2023.
Hardware
Virtual
Cloud
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Next Generation Firewall NGFW Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Next Generation Firewall NGFW Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Next Generation Firewall NGFW Market, By Type
6. Global Next Generation Firewall NGFW Market, By Application
7. Global Next Generation Firewall NGFW Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Next Generation Firewall NGFW Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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