Next-Generation Firewall Market Size, Statistics, Growth Analysis & Trends (2024)

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 53)

1.1 STUDY OBJECTIVES

1.2 MARKET DEFINITION

1.2.1 INCLUSIONS AND EXCLUSIONS

1.3 MARKET SCOPE

1.3.1 MARKET SEGMENTATION

1.3.2 REGIONS COVERED

1.4 YEARS CONSIDERED

1.5 CURRENCY CONSIDERED

TABLE 1 USD EXCHANGE RATES, 2018–2022

1.6 STAKEHOLDERS

1.7 SUMMARY OF CHANGES

1.8 IMPACT OF RECESSION

2 RESEARCH METHODOLOGY (Page No. - 58)

2.1 RESEARCH DATA

FIGURE 1 NEXT-GENERATION FIREWALL MARKET: RESEARCH DESIGN

2.1.1 SECONDARY DATA

2.1.2 PRIMARY DATA

2.1.2.1 Breakup of primary interviews

2.1.2.2 Key insights from industry experts

2.2 MARKET BREAKUP AND DATA TRIANGULATION

FIGURE 2 MARKET: DATA TRIANGULATION

2.3 MARKET SIZE ESTIMATION

FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (SUPPLY SIDE)

FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1: BOTTOM-UP (SUPPLY SIDE)

FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2 - BOTTOM-UP (DEMAND SIDE): PRODUCTS/SOLUTIONS/SERVICES SOLD AND THEIR AVERAGE SELLING PRICE

FIGURE 6 NEXT-GENERATION FIREWALL MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES

2.4 MARKET FORECAST

TABLE 2 FACTOR ANALYSIS

2.5 ASSUMPTIONS

2.6 LIMITATIONS AND RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 66)

FIGURE 7 NEXT-GENERATION FIREWALLS (NGFW) TO WITNESS GROWTH DURING FORECAST PERIOD

FIGURE 8 NEXT-GENERATION FIREWALLS MARKET: MAJOR SUBSEGMENTS

FIGURE 9 NEXT-GENERATION FIREWALL (NGFW) MARKET: REGIONAL SNAPSHOT

4 PREMIUM INSIGHTS (Page No. - 69)

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN NEXT-GENERATION FIREWALLS (NGFW) MARKET

FIGURE 10 EVOLVING THREAT LANDSCAPE AND SOPHISTICATED CYBERATTACKS TO DRIVE NEXT-GENERATION FIREWALL (NGFW) MARKET

4.2 NEXT-GENERATION FIREWALL (NGFW) MARKET, BY OFFERING

FIGURE 11 SOFTWARE SEGMENT TO ACCOUNT FOR LARGEST MARKET BY 2028

4.3 NEXT-GENERATION FIREWALL (NGFW) MARKET, BY SERVICE

FIGURE 12 PROFESSIONAL SERVICES TO LEAD MARKET DURING FORECAST PERIOD

4.4 NEXT-GENERATION FIREWALL (NGFW) MARKET, BY DEPLOYMENT MODE

FIGURE 13 CLOUD/VIRTUAL SEGMENT TO ACCOUNT FOR LARGER MARKET DURING FORECAST PERIOD

4.5 NEXT-GENERATION FIREWALL (NGFW) MARKET, BY ORGANIZATION SIZE

FIGURE 14 LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGER MARKET DURING FORECAST PERIOD

4.6 NEXT-GENERATION FIREWALL (NGFW) MARKET, BY VERTICAL

FIGURE 15 BFSI SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD

4.7 NEXT-GENERATION FIREWALL (NGFW) MARKET, BY REGION

FIGURE 16 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD

4.8 MARKET INVESTMENT SCENARIO

FIGURE 17 ASIA PACIFIC TO EMERGE AS LUCRATIVE MARKET FOR INVESTMENTS IN NEXT FIVE YEARS

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 73)

5.1 INTRODUCTION

5.2 MARKET DYNAMICS

FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: NEXT-GENERATION FIREWALL MARKET

5.2.1 DRIVERS

5.2.1.1 Rising demand for NGFW due to increased cyber-attack threats

5.2.1.2 Growing IoT and BYOD trends to heighten network security needs

5.2.1.3 Remote work culture to spur demand for refined security solutions

5.2.1.4 NGFW providers to drive enterprise security compliance advancements

5.2.2 RESTRAINTS

5.2.2.1 High installation costs and complexity in network systems

5.2.2.2 Resistance to change

5.2.3 OPPORTUNITIES

5.2.3.1 Integration of advanced technologies to elevate NGFW capabilities for enterprises

5.2.3.2 Increased adoption of cloud services to drive demand for NGFW

5.2.4 CHALLENGES

5.2.4.1 Lack of awareness and training concerning NGFW technologies

5.2.4.2 Requirement for consistent and comprehensive testing and auditing for NGFW

5.3 CASE STUDY ANALYSIS

5.3.1 CASE STUDY 1: FORCEPOINT HELPED BURGER KING SECURE SCALABLE NETWORK TRANSITION

5.3.2 CASE STUDY 2: PALO ALTO NETWORKS FORTIFIED ASHOK LEYLAND'S SECURITY INFRASTRUCTURE

5.3.3 CASE STUDY 3: SKYPORTS INFRASTRUCTURE ADVANCED ITS SECURE VERTIPORT NETWORK WITH FORTINET

5.3.4 CASE STUDY 4: ENT CREDIT UNION STRENGTHENED CYBERSECURITY WITH CHECK POINT SOLUTIONS

5.4 VALUE CHAIN ANALYSIS

FIGURE 19 NEXT-GENERATION FIREWALL MARKET: VALUE CHAIN ANALYSIS

5.5 NEXT-GENERATION FIREWALL ECOSYSTEM

FIGURE 20 MARKET: ECOSYSTEM

TABLE 3 MARKET: ECOSYSTEM

5.6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 21 PORTER’S FIVE FORCES ANALYSIS: MARKET

TABLE 4 PORTER’S FIVE FORCES IMPACT ON MARKET

5.6.1 THREAT OF NEW ENTRANTS

5.6.2 THREAT OF SUBSTITUTES

5.6.3 BARGAINING POWER OF SUPPLIERS

5.6.4 BARGAINING POWER OF BUYERS

5.6.5 INTENSITY OF COMPETITIVE RIVALRY

5.7 PRICING ANALYSIS

5.7.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOLUTION FEATURE

FIGURE 22 AVERAGE SELLING PRICE TREND OF KEY PLAYERS: TOP 3 SOLUTION FEATURES

TABLE 5 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOLUTION FEATURE

5.7.2 INDICATIVE PRICING ANALYSIS

TABLE 6 INDICATIVE PRICING ANALYSIS, BY NEXT-GENERATION FIREWALL VENDOR

5.8 TECHNOLOGY ANALYSIS

5.8.1 KEY TECHNOLOGIES

5.8.1.1 Deep Packet Inspection (DPI)

5.8.1.2 Intrusion Prevention System (IPS)

5.8.1.3 ML-powered Next-generation Firewall

5.8.2 COMPLEMENTARY TECHNOLOGIES

5.8.2.1 Security Information and Event Management (SIEM)

5.8.2.2 Zero Trust

5.8.3 ADJACENT TECHNOLOGIES

5.8.3.1 Cloud-based Firewalls

5.8.3.2 Blockchain Application Firewall (BAF)

5.9 PATENT ANALYSIS

FIGURE 23 NUMBER OF PATENTS GRANTED FOR NEXT-GENERATION FIREWALL MARKET, 2013–2023

FIGURE 24 REGIONAL ANALYSIS OF PATENTS GRANTED FOR MARKET

TABLE 7 LIST OF TOP PATENTS IN MARKET, 2023

5.10 TRADE ANALYSIS

TABLE 8 IMPORT DATA, BY COUNTRY, 2018–2022 (USD BILLION)

FIGURE 25 IMPORT DATA, BY KEY COUNTRY, 2018–2022 (USD BILLION)

TABLE 9 EXPORT DATA, BY COUNTRY, 2018–2022 (USD BILLION)

FIGURE 26 EXPORT DATA, BY KEY COUNTRY, 2018–2022 (USD BILLION)

5.11 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES

FIGURE 27 REVENUE SHIFT FOR NEXT-GENERATION FIREWALL MARKET VENDORS

5.12 KEY STAKEHOLDERS & BUYING CRITERIA

5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS

FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS

TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS

5.12.2 BUYING CRITERIA

FIGURE 29 KEY BUYING CRITERIA FOR TOP THREE VERTICALS

TABLE 11 KEY BUYING CRITERIA FOR TOP THREE VERTICALS

5.13 TARIFF AND REGULATORY LANDSCAPE

5.13.1 TARIFF RELATED TO NEXT-GENERATION FIREWALLS

TABLE 12 TARIFF RELATED TO NEXT-GENERATION FIREWALL SOLUTIONS, 2022

5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 16 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

5.14 KEY CONFERENCES & EVENTS IN 2024–2025

TABLE 17 MARKET: DETAILED LIST OF CONFERENCES & EVENTS

5.15 BUSINESS MODEL ANALYSIS

TABLE 18 BUSINESS MODEL

5.16 INVESTMENT LANDSCAPE

FIGURE 30 LEADING GLOBAL NEXT-GENERATION FIREWALL STARTUPS AND SMES: NUMBER OF INVESTORS AND FUNDING ROUNDS, 2023

6 NEXT-GENERATION FIREWALL MARKET, BY OFFERING (Page No. - 103)

6.1 INTRODUCTION

6.1.1 OFFERING: MARKET DRIVERS

FIGURE 31 SOFTWARE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD

TABLE 19 MARKET, BY OFFERING, 2017–2022 (USD MILLION)

TABLE 20 MARKET, BY OFFERING, 2023–2028 (USD MILLION)

6.2 HARDWARE

TABLE 21 NEXT-GENERATION FIREWALL HARDWARE MARKET, BY REGION, 2017–2022 (USD MILLION)

TABLE 22 NEXT-GENERATION FIREWALL HARDWARE MARKET, BY REGION, 2023–2028 (USD MILLION)

6.3 SOFTWARE

TABLE 23 NEXT-GENERATION FIREWALL SOFTWARE MARKET, BY REGION, 2017–2022 (USD MILLION)

TABLE 24 NEXT-GENERATION FIREWALL SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)

6.4 SERVICES

FIGURE 32 PROFESSIONAL SERVICES TO LEAD MARKET DURING FORECAST PERIOD

TABLE 25 MARKET, BY SERVICE, 2017–2022 (USD MILLION)

TABLE 26 NEXT-GENERATION FIREWALL MARKET, BY SERVICE, 2023–2028 (USD MILLION)

TABLE 27 NEXT-GENERATION FIREWALL SERVICES MARKET, BY REGION, 2017–2022 (USD MILLION)

TABLE 28 NEXT-GENERATION FIREWALL SERVICES MARKET, BY REGION, 2023–2028 (USD MILLION)

6.4.1 PROFESSIONAL SERVICES

6.4.1.1 Need for organizations to assess their security needs to drive demand for professional services

TABLE 29 MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD MILLION)

TABLE 30 MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION)

TABLE 31 NEXT-GENERATION FIREWALL PROFESSIONAL SERVICES MARKET, BY REGION, 2017–2022 (USD MILLION)

TABLE 32 NEXT-GENERATION FIREWALL PROFESSIONAL SERVICES MARKET, BY REGION, 2023–2028 (USD MILLION)

6.4.2 CONSULTING & IMPLEMENTATION

6.4.2.1 Need for businesses to assess current security posture to drive demand for consulting & implementation

TABLE 33 NEXT-GENERATION FIREWALL CONSULTING & IMPLEMENTATION, BY REGION, 2017–2022 (USD MILLION)

TABLE 34 NEXT-GENERATION FIREWALL CONSULTING & IMPLEMENTATION MARKET, BY REGION, 2023–2028 (USD MILLION)

6.4.3 SUPPORT & MAINTENANCE

6.4.3.1 Need to minimize downtime and disruption to drive demand for support & maintenance services

TABLE 35 NEXT-GENERATION FIREWALL SUPPORT & MAINTENANCE MARKET, BY REGION, 2017–2022 (USD MILLION)

TABLE 36 NEXT-GENERATION FIREWALL SUPPORT & MAINTENANCE MARKET, BY REGION, 2023–2028 (USD MILLION)

6.4.4 TRAINING & EDUCATION

6.4.4.1 Education programs to help enhance critical skills in security

TABLE 37 NEXT-GENERATION FIREWALL TRAINING & EDUCATION MARKET, BY REGION, 2017–2022 (USD MILLION)

TABLE 38 NEXT-GENERATION FIREWALL TRAINING & EDUCATION MARKET, BY REGION, 2023–2028 (USD MILLION)

6.4.5 SYSTEM INTEGRATION

6.4.5.1 Need for interoperability and compatibility between NGFW solutions to drive demand for system integration services

TABLE 39 NEXT-GENERATION FIREWALL SYSTEM INTEGRATION MARKET, BY REGION, 2017–2022 (USD MILLION)

TABLE 40 NEXT-GENERATION FIREWALL SYSTEM INTEGRATION MARKET, BY REGION, 2023–2028 (USD MILLION)

6.4.6 MANAGED SERVICES

6.4.6.1 Reduced IT burden and access to expertise to optimize security infrastructure

TABLE 41 NEXT-GENERATION FIREWALL MANAGED SERVICES MARKET, BY REGION, 2017–2022 (USD MILLION)

TABLE 42 NEXT-GENERATION FIREWALL MANAGED SERVICES MARKET, BY REGION, 2023–2028 (USD MILLION)

7 NEXT-GENERATION FIREWALL MARKET, BY APPLICATION (Page No. - 116)

7.1 INTRODUCTION

7.1.1 APPLICATION: MARKET DRIVERS

7.2 APPLICATION VISIBILITY AND CONTROL

7.2.1 APPLICATION VISIBILITY AND CONTROL TO HELP PRIORITIZE BUSINESS-CRITICAL APPLICATIONS AND BLOCK UNAUTHORIZED OR HIGH-RISK APPLICATIONS

7.3 INTRUSION DETECTION AND PREVENTION SYSTEM (IDS/IPS)

7.3.1 IDS/IPS TO PROACTIVELY IDENTIFY AND RESPOND TO SECURITY INCIDENTS

7.4 CONTENT FILTERING

7.4.1 CONTENT FILTERING TO HELP GOVERN WEB USAGE AND CONTENT ACCESS

7.5 USER AND IDENTITY AWARENESS