Market Overview:
The global next-generation firewall hardware market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for next-generation firewall hardware in various applications such as financial & banking, IT & telecom, media industry, educational institutions and others. Additionally, the growing adoption of cloud services and Bring Your Own Device (BYOD) policies are also contributing to the growth of this market. However, lack of awareness about next-generation firewall solutions among small and medium businesses is restraining the growth of this market. Based on type, the global next-generation firewall hardware market can be segmented into gigabit-level firewalls, terabit-level firewalls and others. Gigabit level firewalls are expected to account for a major share in terms of revenue in 2018 owing to their high performance and scalability features.
Product Definition:
A next-generation firewall (NGFW) is a type of network security appliance that combines traditional security features, such as firewalls, intrusion prevention systems (IPS), and antivirus software, with advanced features such as user activity tracking, application control, and malware analysis.
NGFWs are designed to protect against modern threats, such as targeted attacks and advanced persistent threats (APTs). They can also help organizations comply with regulatory requirements for data loss prevention (DLP) and PCI DSS.
Gigabit-level:
Gigabit-level is used to define a throughput rate of 1,000 Gbps. It is also known as a one-giga bit (abbreviated: GB) level and often represented by the symbol YGIGB.
Terabit-level:
A terabit-level is a unit of digital information that's equal to 1 trillion (1024) bits. It's used as a common term in the networking industry for designating the capacity of data transfer or storage. The original purpose of terabit-level was to measure computer memory capacity, but it has since been applied to quantify various kinds of network storage and data transmission rates.
Application Insights:
The IT & telecom application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The need for secure network infrastructure, especially in data-intensive industries such as IT and telecom, has become critical owing to increasing cyberattacks and data breaches. As a result, next-generation firewall solutions are being deployed at both customer premise (home/office) as well as enterprise level across various industries.
The media industry segment is expected to register a significant CAGR of XX% from 2018 to 2030 due primarily to an increase in digitalization coupled with the adoption of advanced security technologies including NGFW. The growing need for controlling access between internal networks and external users along with stringent government regulations regarding online privacy is driving the demand for NGFW solutions across this sector globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to early adoption of NGFW and increased focus on cyber security across various industries. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to increasing investments in telecommunication infrastructure and growing IT & telecom sector in countries such as China, India, Japan, South Korea and Australia. Moreover, rising number of cyberattacks are driving demand for next-generation firewalls hardware solutions in this region. For instance: In June 2016; Sony Entertainment Network (SEN) was hacked into by a group calling itself ‘Guardians of Peace’ which resulted into leakage of huge amounts personal data including credit card details etc.
Growth Factors:
- Increased demand for next-generation firewall hardware from small and medium businesses (SMBs) due to the growing sophistication of cyber threats.
- The increasing number of regulations and compliance mandates that require organizations to deploy next-generation firewalls for data security.
- The rising trend of Bring Your Own Device (BYOD) and the consequent need for organizations to deploy next-generation firewalls to secure mobile devices accessing corporate networks.
- The growing popularity of cloud computing and the need for organizations to deploy next-generation firewalls that can protect their cloud infrastructure from cyber attacks.
- The increasing use of big data analytics by enterprises, which requires Next Generation Firewall Hardware platforms with higher performance capabilities
Scope Of The Report
Report Attributes
Report Details
Report Title
Next-Generation Firewall Hardware Market Research Report
By Type
Gigabit-level, Terabit-level, Others
By Application
Financial & Banking, IT & Telcomm, Media Industry, Educational, Others
By Companies
Cisco Systems, Check Point Software Technologies, Paloalto Networks, Barracuda Networks, Fortinet, Sonicwall, Forcepoint, Juniper Networks, Sophos, Hillstone, Huawei
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Next-Generation Firewall Hardware Market Report Segments:
The global Next-Generation Firewall Hardware market is segmented on the basis of:
Types
Gigabit-level, Terabit-level, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Financial & Banking, IT & Telcomm, Media Industry, Educational, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cisco Systems
- Check Point Software Technologies
- Paloalto Networks
- Barracuda Networks
- Fortinet
- Sonicwall
- Forcepoint
- Juniper Networks
- Sophos
- Hillstone
- Huawei
Highlights of The Next-Generation Firewall Hardware Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gigabit-level
- Terabit-level
- Others
- By Application:
- Financial & Banking
- IT & Telcomm
- Media Industry
- Educational
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Next-Generation Firewall Hardware Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Next-generation firewall hardware is designed to provide enhanced security and performance. These devices can block malicious traffic, prevent unauthorized access to your network, and protect your data from being stolen.
Some of the major players in the next-generation firewall hardware market are Cisco Systems, Check Point Software Technologies, Paloalto Networks, Barracuda Networks, Fortinet, Sonicwall, Forcepoint, Juniper Networks, Sophos, Hillstone, Huawei.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Next-Generation Firewall Hardware Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Next-Generation Firewall Hardware Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Next-Generation Firewall Hardware Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Next-Generation Firewall Hardware Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Next-Generation Firewall Hardware Market Size & Forecast, 2018-2028
4.5.1 Next-Generation Firewall Hardware Market Size and Y-o-Y Growth
4.5.2 Next-Generation Firewall Hardware Market Absolute $ Opportunity
Chapter 5 Global Next-Generation Firewall Hardware Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Next-Generation Firewall Hardware Market Size Forecast by Type
5.2.1 Gigabit-level
5.2.2 Terabit-level
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Next-Generation Firewall Hardware Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Next-Generation Firewall Hardware Market Size Forecast by Applications
6.2.1 Financial & Banking
6.2.2 IT & Telcomm
6.2.3 Media Industry
6.2.4 Educational
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Next-Generation Firewall Hardware Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Next-Generation Firewall Hardware Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Next-Generation Firewall Hardware Analysis and Forecast
9.1 Introduction
9.2 North America Next-Generation Firewall Hardware Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Next-Generation Firewall Hardware Market Size Forecast by Type
9.6.1 Gigabit-level
9.6.2 Terabit-level
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Next-Generation Firewall Hardware Market Size Forecast by Applications
9.10.1 Financial & Banking
9.10.2 IT & Telcomm
9.10.3 Media Industry
9.10.4 Educational
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Next-Generation Firewall Hardware Analysis and Forecast
10.1 Introduction
10.2 Europe Next-Generation Firewall Hardware Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Next-Generation Firewall Hardware Market Size Forecast by Type
10.6.1 Gigabit-level
10.6.2 Terabit-level
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Next-Generation Firewall Hardware Market Size Forecast by Applications
10.10.1 Financial & Banking
10.10.2 IT & Telcomm
10.10.3 Media Industry
10.10.4 Educational
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Next-Generation Firewall Hardware Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Next-Generation Firewall Hardware Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Next-Generation Firewall Hardware Market Size Forecast by Type
11.6.1 Gigabit-level
11.6.2 Terabit-level
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Next-Generation Firewall Hardware Market Size Forecast by Applications
11.10.1 Financial & Banking
11.10.2 IT & Telcomm
11.10.3 Media Industry
11.10.4 Educational
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Next-Generation Firewall Hardware Analysis and Forecast
12.1 Introduction
12.2 Latin America Next-Generation Firewall Hardware Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Next-Generation Firewall Hardware Market Size Forecast by Type
12.6.1 Gigabit-level
12.6.2 Terabit-level
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Next-Generation Firewall Hardware Market Size Forecast by Applications
12.10.1 Financial & Banking
12.10.2 IT & Telcomm
12.10.3 Media Industry
12.10.4 Educational
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Next-Generation Firewall Hardware Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Next-Generation Firewall Hardware Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Next-Generation Firewall Hardware Market Size Forecast by Type
13.6.1 Gigabit-level
13.6.2 Terabit-level
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Next-Generation Firewall Hardware Market Size Forecast by Applications
13.10.1 Financial & Banking
13.10.2 IT & Telcomm
13.10.3 Media Industry
13.10.4 Educational
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Next-Generation Firewall Hardware Market: Competitive Dashboard
14.2 Global Next-Generation Firewall Hardware Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco Systems
14.3.2 Check Point Software Technologies
14.3.3 Paloalto Networks
14.3.4 Barracuda Networks
14.3.5 Fortinet
14.3.6 Sonicwall
14.3.7 Forcepoint
14.3.8 Juniper Networks
14.3.9 Sophos
14.3.10 Hillstone
14.3.11 Huawei
