HOME Top Market Reports Next-Generation Firewall Market by Delivery Type (Hardware, Virtual, Cloud), Service (Professional (Consulting, Support and Maintenance, System Integration), and Managed), Organization Size, Vertical, and Region - Global Forecast to 2022

Next-Generation Firewall Market by Delivery Type (Hardware, Virtual, Cloud), Service (Professional (Consulting, Support and Maintenance, System Integration), and Managed), Organization Size, Vertical, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: TC 5357

 

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The Next-Generation Firewall (NGFW) market size is estimated to grow from USD 2.39 Billion in 2017 to USD 4.27 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 12.3%. The base year considered for the study is 2016, and the market size is calculated from 2017 to 2022.

The objective of the report is to define, describe, and forecast the Next-Generation Firewall market by solution (hardware, virtual, cloud), services [professional (consulting, support and maintenance, system integration), and managed], organization size, vertical, and region. The report analyzes the opportunities in the market for stakeholders by identifying high-growth segments of the NGFW market. Furthermore, the report strategically profiles the key players of the NGFW market and comprehensively analyzes their core competencies such as new product launches, acquisitions, partnerships, agreements, and collaborations. Moreover, the report also covers detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).

The research methodology used to estimate and forecast the Next-Generation Firewall market begins with capturing data from various industry associations and consortiums such as SANS Institute, RSA Security, SC Magazine and other sources such as company financials, journals, press releases, paid databases, and annual reports. The vendor product and service offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall NGFW market size from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, executives, and cyber deception technologists. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of primary profiles is depicted in the below figure.

Next-Generation Firewall Market

To know about the assumptions considered for the study, download the pdf brochure

The NGFW ecosystem comprises major vendors, such as Cisco Systems (California, US), Fortinet, Inc. (California, US), Check Point Software (California, US), Palo Alto Networks (California, US), Barracuda Networks (California, US), Forcepoint (Texas, US), Zscaler (California, US), Juniper Networks (California, US), WatchGuard Technologies (California, US), and Sophos Ltd. (Abingdon, UK), NGFW service providers, and system integrators. Other stakeholders include NGFW service providers, consulting firms, IT service providers, value-added resellers, network solution providers, and information technology security services.

Key target audience of the Next-Generation Firewall market report is given below:

  • Government agencies
  • Cybersecurity vendors
  • NGFW vendors
  • Network solution providers
  • Independent software vendors
  • Consulting firms
  • System integrators
  • Value-Added Resellers (VARs)
  • Information Technology (IT) security agencies
  • Managed Security Service Providers (MSSPs)

“The study answers several questions for the stakeholders; primarily, which market segments to focus on in the next two to five years for prioritizing their efforts and investments.”

Scope of the Report

The research report segments the Next-Generation Firewall market into the following submarkets:

By Solution

  • Hardware
  • Virtual
  • Cloud

By Service

  • Professional Service
  • Consulting Service
  • Support and Maintenance
  • Training and Education
  • System Integration
  • Managed Service

By Organization Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Vertical:

  • Banking, Financial Services, and Insurance (BFSI)
  • Retail
  • IT and Telecom
  • Government and Public Utilities
  • Healthcare
  • Energy and Utilities
  • Education
  • Others (Travel, Transport, and Manufacturing)

By Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the North American Next-Generation Firewall market
  • Further breakdown of the European NGFW market
  • Further breakdown of the APAC NGFW market
  • Further breakdown of the MEA NGFW market
  • Further breakdown of the Latin American NGFW market

Company Information

Detailed analysis and profiling along with vendor DIVE matrix to get detailed information regarding their competitors on the basis of their product offerings and business strategies. The report reviews the major players who offer NGFW services. Additionally, the report will outline the findings and analysis on how well each NGFW vendor performs within MarketsandMarkets criteria.

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primary Interviews
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Microquadrant Research Methodology
           2.3.1 Vendor Inclusion Criteria
    2.4 Research Assumptions and Limitations
           2.4.1 Limitations

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 26)
    4.1 Attractive Market Opportunities in the Next-Generation Firewall Market
    4.2 NGFW Market, By Component, 2017–2022
    4.3 NGFW Market, By Solution, 2017–2022
    4.4 NGFW Market, By Service, 2017–2022
    4.5 NGFW Market, By Organization Size, 2017–2022
    4.6 NGFW Market, By Vertical, 2017–2022
    4.7 Lifecycle Analysis, By Region

5 Next-Generation Firewall Market Overview and Industry Trends (Page No. - 31)
    5.1 NGFW Product Classification By Throughput
           5.1.1 Dell (Sonicwall)
           5.1.2 Cisco Systems, Inc.
           5.1.3 Check Point Software Technologies Ltd.
           5.1.4 Fortinet, Inc.
           5.1.5 Barracuda Networks, Inc.
           5.1.6 Palo Alto Networks
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing IoT Trend
                    5.2.1.2 Increasing Internal and External Threats
                    5.2.1.3 High Functionalities of the NGFW Solutions
           5.2.2 Restraints
                    5.2.2.1 High Cost of NGFW Systems
                    5.2.2.2 High Adoption of UTM Solution in Smes and Sohos
           5.2.3 Opportunities
                    5.2.3.1 Single Vendor Firewall Deployment
                    5.2.3.2 High Growth Opportunities in Virtual NGFW
           5.2.4 Challenges
                    5.2.4.1 Presence of Traditional Firewalls

6 Next-Generation Firewall Market Analysis, By Component (Page No. - 39)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Hardware
           6.2.2 Virtual
           6.2.3 Cloud-Based
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 Consulting
                    6.3.1.2 Support and Maintenance
                    6.3.1.3 Training and Education
                    6.3.1.4 System Integration
           6.3.2 Managed Services

7 Next-Generation Firewall Market Analysis, By Organization Size (Page No. - 52)
    7.1 Introduction
    7.2 Small and Medium-Sized Enterprises
    7.3 Large Enterprises

8 Next-Generation Firewall Market Analysis, By Vertical (Page No. - 56)
    8.1 Introduction
    8.2 Banking, Financial Services, and Insurance
    8.3 Retail
    8.4 IT and Telecommunications
    8.5 Government and Public Utilities
    8.6 Healthcare
    8.7 Energy and Utilities
    8.8 Education
    8.9 Others

9 Geographic Analysis (Page No. - 66)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia Pacific
    9.5 Middle East and Africa
    9.6 Latin America

10 Competitive Landscape (Page No. - 84)
     10.1 Introduction
             10.1.1 Vanguards
             10.1.2 Innovators
             10.1.3 Dynamic
             10.1.4 Emerging
     10.2 Competitive Benchmarking
             10.2.1 NGFW Market: Product Offering
             10.2.2 NGFW Market: Business Strategy

11 Company Profiles (Page No. - 88)
     11.1 Cisco Systems, Inc.
(Overview, Company Scorecard, Product Offerings, Business Strategies, and Recent Developments)
     11.2 Check Point Software Technologies Ltd
     11.3 Palo Alto Networks, Inc.
     11.4 Barracuda Networks, Inc
     11.5 Fortinet, Inc.
     11.6 Sonicwall Inc.
     11.7 Zscaler, Inc.
     11.8 Forcepoint LLC
     11.9 Juniper Networks
     11.10 Hillstone Networks
     11.11 Sophos, Ltd
     11.12 Gajshield Infotech (I) Pvt. Ltd

*Details on Overview, Company Scorecard, Product Offerings, Business Strategies, and Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 128)
     12.1 Key Insights
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customization
     12.6 Related Reports
     12.7 Author Details


List of Tables (62 Tables)

Table 1 Evaluation Criteria
Table 2 Next-Generation Firewall Market Size, By Component, 2015–2022 (USD Million)
Table 3 Solutions: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 4 Solutions: NGFW Market Size, By Type, 2015–2022 (USD Million)
Table 5 Solutions: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 6 Hardware Market Size, By Region, 2015–2022 (USD Million)
Table 7 Virtual Market Size, By Region, 2015–2022 (USD Million)
Table 8 Cloud-Based Market Size, By Region, 2015–2022 (USD Million)
Table 9 Service: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 10 Services: NGFW Market Size, By Type, 2015–2022 (USD Million)
Table 11 Services: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 12 Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 13 Professional Services Market Size, By Type, 2015–2022 (USD Million)
Table 14 Consulting: Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 15 Support and Maintenance: Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 16 Training and Education: Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 17 System Integration: Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 18 Managed Services Market Size, By Region, 2015–2022 (USD Million)
Table 19 Next-Generation Firewall Market Size, By Organization Size, 2015–2022 (USD Million)
Table 20 Small and Medium-Sized Enterprises: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 21 Large Enterprises: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 22 NGFW Market Size, By Vertical, 2015–2022 (USD Million)
Table 23 Banking, Financial Services, and Insurance: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 24 Retail: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 25 IT and Telecommunications: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 26 Government and Public Utilities: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 27 Healthcare: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 28 Energy and Utilities: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 29 Education: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 30 Others: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 31 Next-Generation Firewall Market Size, By Region, 2015–2022 (USD Million)
Table 32 North America: NGFW Market Size, By Component, 2015–2022 (USD Million)
Table 33 North America: NGFW Market Size, By Solution, 2015–2022 (USD Million)
Table 34 North America: NGFW Market Size, By Service, 2015–2022 (USD Million)
Table 35 North America: NGFW Market Size, By Professional Service, 2015–2022 (USD Million)
Table 36 North America: NGFW Market Size, By Organization Size, 2015–2022 (USD Million)
Table 37 North America: NGFW Market Size, By Vertical, 2015–2022 (USD Million)
Table 38 Europe: NGFW Market Size, By Component, 2015–2022 (USD Million)
Table 39 Europe: NGFW Market Size, By Solution, 2015–2022 (USD Million)
Table 40 Europe: NGFW Market Size, By Service, 2015–2022 (USD Million)
Table 41 Europe: NGFW Market Size, By Professional Service, 2015–2022 (USD Million)
Table 42 Europe: NGFW Market Size, By Organization Size, 2015–2022 (USD Million)
Table 43 Europe: NGFW Market Size, By Vertical, 2015–2022 (USD Million)
Table 44 Asia Pacific: NGFW Market Size, By Component, 2015–2022 (USD Million)
Table 45 Asia Pacific: NGFW Market Size, By Solution, 2015–2022 (USD Million)
Table 46 Asia Pacific: NGFW Market Size, By Service, 2015–2022 (USD Million)
Table 47 Asia Pacific: NGFW Market Size, By Professional Service, 2015–2022 (USD Million)
Table 48 Asia Pacific: NGFW Market Size, By Organization Size, 2015–2022 (USD Million)
Table 49 Asia Pacific: NGFW Market Size, By Vertical, 2015–2022 (USD Million)
Table 50 Middle East and Africa: NGFW Market Size, By Component, 2015–2022 (USD Million)
Table 51 Middle East and Africa: NGFW Market Size, By Solution, 2015–2022 (USD Million)
Table 52 Middle East and Africa: NGFW Market Size, By Service, 2015–2022 (USD Million)
Table 53 Middle East and Africa: NGFW Market Size, By Professional Service, 2015–2022 (USD Million)
Table 54 Middle East and Africa: NGFW Market Size, By Organization Size, 2015–2022 (USD Million)
Table 55 Middle East and Africa: NGFW Market Size, By Vertical, 2015–2022 (USD Million)
Table 56 Latin America: NGFW Market Size, By Component, 2015–2022 (USD Million)
Table 57 Latin America: NGFW Market Size, By Solution, 2015–2022 (USD Million)
Table 58 Latin America: NGFW Market Size, By Service, 2015–2022 (USD Million)
Table 59 Latin America: NGFW Market Size, By Professional Service, 2015–2022 (USD Million)
Table 60 Latin America: NGFW Market Size, By Organization Size, 2015–2022 (USD Million)
Table 61 Latin America: NGFW Market Size, By Vertical, 2015–2022 (USD Million)
Table 62 Next-Generation Firewall Market : Ranking Analysis


List of Figures (57 Figures)

Figure 1 Next-Generation Firewall Market Segmentation
Figure 2 NGFW Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Next-Generation Firewall Market: Assumptions
Figure 8 NGFW Market: Evolution
Figure 9 Increasing IoT Trend and Internal and Enternal Threats are Expected to Boost the NGFW Market
Figure 10 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 11 Cloud-Based Solution Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Managed Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 14 Banking, Financial Services, and Insurance Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 North America is Estimated to Hold the Largest Market Share in 2017
Figure 16 The Next-Generation Firewall Market is Expected to Have Immense Opportunities for Growth in Asia Pacific
Figure 17 NGFW Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 19 Cloud-Based Solution Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 20 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 21 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 22 Banking, Financial Services, and Insurance Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America is Expected to Hold the Largest Market Size During the Forecast Period
Figure 24 North America: Market Snapshot
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Competitive Leadership Mapping
Figure 27 Cisco Systems, Inc.: Company Snapshot
Figure 28 Product Offering Scorecard
Figure 29 Business Strategy Scorecard
Figure 30 Check Point Software Technologies Ltd.: Company Snapshot
Figure 31 Product Offering Scorecard
Figure 32 Business Strategy Scorecard
Figure 33 Palo Alto Networks, Inc.: Company Snapshot
Figure 34 Product Offering Scorecard
Figure 35 Business Strategy Scorecard
Figure 36 Barracuda Networks, Inc.: Company Snapshot
Figure 37 Product Offering Scorecard
Figure 38 Business Strategy Scorecard
Figure 39 Fortinet, Inc.: Company Snapshot
Figure 40 Product Offering Scorecard
Figure 41 Business Strategy Scorecard
Figure 42 Product Offering Scorecard
Figure 43 Business Strategy Scorecard
Figure 44 Product Offering Scorecard
Figure 45 Business Strategy Scorecard
Figure 46 Product Offering Scorecard
Figure 47 Business Strategy Scorecard
Figure 48 Juniper Networks: Company Snapshot
Figure 49 Product Offering Scorecard
Figure 50 Business Strategy Scorecard
Figure 51 Product Offering Scorecard
Figure 52 Business Strategy Scorecard
Figure 53 Sophos Ltd.: Company Snapshot
Figure 54 Product Offering Scorecard
Figure 55 Business Strategy Scorecard
Figure 56 Product Offering Scorecard
Figure 57 Business Strategy Scorecard

The Next-Generation Firewall (NGFW) market size is expected to grow from USD 2.39 Billion in 2017 to USD 4.27 Billion by 2022, at CAGR of 12.3%.

The major growth drivers of the Next-Generation Firewall market include increased adoption of BYOD and IoT trend, the rise in internal and external threats, and high functionalities NGFW solutions. The NGFW market is segmented by solution type, services type, organization size, industry vertical, and region. The NGFW market by solution includes hardware, virtual, and cloud-based solutions. The hardware (physical) segment in the NGFW solution market is expected to have the largest market in terms of size, during the forecast period. The market for services segment is growing as the individuals, SMEs, and large enterprises are concerned about the secured accesses to their networking devices. The professional services segment is expected to have the largest market share and dominate the NGFW market during the forecast period, as more and more companies are adopting NGFW solutions and services to secure their business infrastructure from advanced threats such as, ransomware, APTs, zero day attacks, malware, and unauthorized accesses.

SMEs segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing incidences of cyber-attacks on these enterprises as well as to deploy advanced security solutions by eliminating the traditional ones. However, the large enterprise's segment accounts for the largest share of the Next-Generation Firewall market in 2017.

NGFW solutions and services have been deployed across various industry verticals, including Banking Financial Services, and Insurance (BFSI); education; energy and utilities; government and public utilities; healthcare; IT and telecom; manufacturing; retail, and others. The BFSI vertical is expected to grow at the highest CAGR during the forecast period. However, the government and public utilities vertical is estimated to have the largest market size in 2017.

The global Next-Generation Firewall market has been segmented on the basis of regions into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America to provide a region-specific analysis in the report. The North American region, followed by Europe, is expected to become the largest revenue-generating region for NGFW service vendors in 2017. This is mainly due to the developed economies of the US and Canada, there is a high focus on innovations obtained from R&D and security technologies. The APAC region is expected to be the fastest-growing region in the NGFW market. The growth in this region is primarily driven by the increasing adoption of IoT devices and BYOD technologies within organizations.

Next-Generation Firewall Market

However, the presence of traditional firewalls may restrict the Next-Generation Firewall market growth. Major vendors that offer NGFW services across the globe are Cisco Systems (California, US), Fortinet, Inc. (California, US), Check Point Software (California, US), Palo Alto Networks (California, US), Barracuda Networks (California, US), Forcepoint (Texas, US), Zscaler (California, US), Juniper Networks (California, US), WatchGuard Technologies (California, US), and Sophos Ltd. (Abingdon, UK). These vendors have adopted different types of organic and inorganic growth strategies such as new product launches, partnerships and collaborations, and acquisitions to expand their offerings in the NGFW market.

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