Next-Gen Firewall Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

According to Future Market Insights (FMI), the adoption of the next-gen firewall in the market is estimated to grow at a CAGR of 8.8% from 2022-2032.  

Sales in the market are expected to reach the valuation of ~US$ 3.3 Bn by the end of 2022. As per FMI, companies are building security directly into IoT devices before implementing the hardware into the system.  

Rise in data hacking activities and cyber-attacks is encouraging enterprises to focus towards detection of better security solutions. Hence, demand for next-gen firewall systems for securing information deployed on the cloud and for strengthening the security structure of company is increasing.  

Moreover, large organizations are taking initiatives to implement next-gen firewalls for their business applications which are deployed on cloud, and helping other small enterprises to understand the usage of next-gen firewall capabilities, and internet security threats.  

Key Takeaways: Next-Gen Firewall Market 

By type, the virtual appliance segment is estimated to grow at a robust CAGR of 9.9% through 2032. 

Among the enterprise size, SMEs segment is estimated to grow by 3.0X during the forecast period. 

By industry, the healthcare segment is anticipated to increase at a CAGR of 11.5% between 2022 & 2032. 

North America region is expected to dominate next-gen firewall market followed by Europe in 2022.  

South Asia & Pacific is estimated to be the fastest growing region during the forecast period. 

The U.S. market is expected to witness growth at a CAGR of around 4.6% through 2032. 

In India, the next-gen firewall market is expected to grow by 4.4x during the forecast period. 

Next-gen firewall market in China is estimated to witness an absolute $ opportunity of US$ 281 Mn in the forecast period.  

Demand for Email Security to Boost the Adoption of Next-Gen Firewall Systems 

Among enterprises, email security is a primary concern. Working culture among enterprises is changing, hence employees are using their personal devices for accessing business emails outside the organizations.  

Next-gen firewall solutions help the organization in filtering emails with viruses on networks before the email reaches in an internal network of the organization.  

Moreover, next-gen firewall helps to streamline email security tools by transferring them into single cloud service. Hence, enterprises are adopting next-gen firewall solution for improving the email security and thereby the demand is increasing for next-gen firewall solutions.  

More Valuable Insights on Next-Gen Firewall Market 

Future Market Insight’s report on the next-gen firewall industry research is segmented into four major sections – type (physical appliance, virtual appliance), enterprise size (Small and Medium-sized Enterprises (SMEs), large enterprises),  industry (IT & telecom, BFSI, healthcare, retail, manufacturing, government and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the next-gen firewall demand outlook. 

Next-Gen Firewall Outlook by Category

By Type:

Physical NGFW Appliance

Virtual NGFW Appliance

By Enterprise Size:

Large Enterprises

Small and Medium-sized Enterprises (SMEs)

By Industry:

IT & Telecom

BFSI

Healthcare

Manufacturing

Retail

Government

Others

By Region:

North America

Latin America

Europe

East Asia

South Asia & Pacific

Middle East and Africa (MEA)

Read More - https://www.futuremarketinsights.com/reports/next-gen-firewall-market