Next-generation Firewall Market Overview:
The Industrial Next-Generation Firewall (NGFW) market is growing rapidly, driven by the increasing need for advanced cybersecurity solutions. NGFWs offer enhanced protection by integrating traditional firewall capabilities with modern features such as application awareness, threat intelligence, and intrusion prevention systems (IPS).
Global Next-generation Firewall Market size and share is currently valued at USD 5.18 billion in 2024 and is anticipated to generate an estimated revenue of USD 11.78 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 10.8% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Key Market Drivers:
- Rising Cybersecurity Threats: The increasing frequency and sophistication of cyberattacks are prompting industries to adopt robust security measures like NGFWs.
- Adoption of IoT and Cloud Technologies: The proliferation of connected devices and cloud-based infrastructures demands advanced firewalls to secure complex networks.
- Regulatory Compliance Requirements: Strict government regulations and industry standards mandate the implementation of comprehensive security solutions, boosting NGFW adoption.
Next-generation Firewall Market Future Outlook:
The Industrial NGFW market is poised for significant growth as industries prioritize cybersecurity in their digital transformation strategies. Emerging technologies like AI, machine learning, and threat analytics will further enhance NGFW capabilities, enabling proactive threat detection and response. The adoption of NGFWs is expected to surge across SMEs and large enterprises alike, with a particular focus on securing hybrid and multi-cloud environments.
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Key Companies in Next-generation Firewall Market:
- Barracuda Networks
- Cato Networks
- Check Point
- Cisco
- CrowdStrike
- Forcepoint
- Fortinet
- Hillstone Networks
- Juniper Networks
- NordLayer
- Palo Alto Networks
- SonicWall
- Trend Micro
- Versa Networks
- Zscaler
Next-generation Firewall Industry Developments:
Recent advancements in the NGFW market include the integration of AI-driven threat detection, real-time monitoring, and automated response systems. Vendors are enhancing their offerings with cloud-native firewalls to address the security challenges of distributed networks. Strategic partnerships and acquisitions among cybersecurity firms are reshaping the competitive landscape and driving innovation.
Next-generation Firewall Market Segmentation:
Polaris Market Research has segmented the Industrial Next-Generation Firewall market based on vertical, deployment mode, organization size, offering, and application. This segmentation highlights the adoption of NGFWs across various industries, including manufacturing, healthcare, and IT, catering to diverse security needs.
Next-generation Firewall, Vertical Outlook (Revenue – USD Billion, 2019 – 2032)
- Manufacturing
- Healthcare
- BFSI
- Government
- Energy & Utilities
- Telecommunications
- Retail & E-commerce
- IT & ITeS
- Others
Next-generation Firewall, Deployment Mode Outlook (Revenue – USD Billion, 2019 – 2032)
- Cloud/Virtual
- On-Premises
Next-generation Firewall, Organization Outlook (Revenue – USD Billion, 2019 – 2032)
- Small & Medium Enterprises
- Large Enterprises
Next-generation Firewall, Offering Outlook (Revenue – USD Billion, 2019 – 2032)
- Hardware
- Software
- Services
Next-generation Firewall, Application Outlook (Revenue – USD Billion, 2019 – 2032)
- Advanced Treat Protection
- Application Visibility & Control
- Intrusion Detection & Prevention System (IDS/IPS)
- SSL/TLS Inspection
- Content Filtering
- User & Identity Awareness
- Others
The Industrial Next-Generation Firewall market is integral to safeguarding modern industrial networks against evolving cyber threats. With technological advancements and growing awareness of cybersecurity risks, the market is set to witness robust expansion in the coming years.