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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
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Published on May 17, 2022
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