Next-Generation Firewall Hardware Market size is estimated to be USD 3.8 Billion in 2024 and is expected to reach USD 8.6 Billion by 2033 at a CAGR of 9.9% from 2026 to 2033.
In 2022, the global Next Generation Firewall (NGFW) hardware market was valued at approximately USD 3.2 billion and is projected to reach USD 6.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.5% from 2024 to 2030. North America dominated the market with a 34.5% share in 2021 and is expected to grow at a CAGR of 10.7% during the forecast period. The Asia Pacific region is anticipated to exhibit the fastest growth, with a projected CAGR of 12.4%, reaching a market size of USD 3,484.6 million by 2030. The increasing adoption of cloud services and the proliferation of Internet of Things (IoT) devices are driving the demand for NGFW hardware across various regions. In North America, the presence of major industry players and a high incidence of cyber attacks contribute to market growth. In the Asia Pacific, rapid digitalization and government initiatives to enhance cybersecurity infrastructure are key factors propelling market expansion. For instance, Indias Cyber Surakshit Bharat initiative aims to raise awareness about cyber threats, fostering the adoption of advanced firewall solutions.
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Cisco Systems
Check Point Software Technologies
Paloalto Networks
Barracuda Networks
Fortinet
Sonicwall
Forcepoint
Juniper Networks
Sophos
Hillstone
Huawei
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. 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 Hardware Market
On-Premises
Cloud-based
Small and Medium Enterprises (SMEs)
Large Enterprises
Hardware Firewalls
Software Firewalls
Unified Threat Management (UTM)
Intrusion Prevention System (IPS)
Deep Packet Inspection (DPI)
Application Aware Firewalls
Healthcare
Finance and Banking
Retail
IT and Telecom
Government
Education
US (United States, US 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 Hardware 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 Hardware Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Next-Generation Firewall Hardware Market, By Type
6. Global Next-Generation Firewall Hardware Market, By Application
7. Global Next-Generation Firewall Hardware Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Next-Generation Firewall Hardware Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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