Next-generation Firewall Market by Component, Type, Organization Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025

A next-generation firewall (NGFW) is a network security solution, which includes additional features beyond traditional firewalls such as application awareness & control, cloud-delivered threat intelligence, and integrated intrusion prevention. NGFWs possess capabilities to block the entry of malware into a network, and are considered better equipped to tackle advanced persistent threats (APTs). In addition, these firewalls are considered as a low-cost option for organizations focusing on their basic security, as this technology incorporates antiviruses and other security applications into a single solution.

Increase in sophisticated cyberattacks, growth in IoT-based complex threat landscape, implementation of stringent government regulations toward data safety & security, and significant adoption of next-generation firewalls are some major factors, which drive the growth of the global next-generation firewall market. However, lack of cyber security skilled professionals and performance issues in cloud protection are expected to hinder the growth of the market. On the contrary, rise in cyber security spending and emergence of firewall as a service are expected to present major opportunities for the market growth during the forecast period.

The global next-generation firewall market is segmented based on component, type, organization size, industry vertical, and region. Based on component, it is bifurcated into solution and services. Depending on type, the market is divided into hardware, virtual, and cloud. On the basis of organization size, it is bifurcated into large enterprises and SMEs. By industry vertical, it is classified into aerospace & defense, BFSI, public sector, retail, healthcare, IT & telecom, energy & utilities, manufacturing, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report analyzes the profiles of key players operating in the market, including Barracuda Networks, Check Point, Cisco, Forcepoint, Fortinet, Huawei, Juniper Networks, Palo Alto Networks, SonicWall, and Sophos. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the global next-generation firewall market along with the current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analyses on the market size is provided in the report.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global next-generation firewall market from 2017 to 2025 is provided to determine the market potential.

KEY MARKET SEGMENTS

By Component

Solution
Services

By Type

Hardware
Virtual
Cloud-based

By Organization Size

Large Enterprises
SMEs

By Industry Vertical

Aerospace & Defense
BFSI
Public Sector
Retail
Healthcare
IT & Telecom
Energy & Utilities
Manufacturing
Others

By REGION

North America

o U.S.
o Canada

Europe

o UK
o Germany
o France
o Russia
o Italy
o Rest of Europe

Asia-Pacific

o China
o India
o Japan
o Australia
o Rest of Asia-Pacific

LAMEA

o Latin America
o Middle East
o Africa

KEY MARKET PLAYERS

Barracuda Networks
Check Point
Cisco
Forcepoint
Fortinet
Huawei
Juniper Networks
Palo Alto Networks
SonicWall
Sophos

CHAPTER 1: INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. KEY FINDINGS
2.1.1. Top impacting factors
2.1.2. Top investment pockets
CXO PERSPECTIVE

CHAPTER 3: MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FORCES SHAPING NEXT-GENERATION FIREWALL MARKET
3.2.1. Moderate-to-high bargaining power of suppliers
3.2.2. Moderate bargaining power of buyers
3.2.3. Moderate-to-high threat of substitutes
3.2.4. Moderate-to-high threat of new entrants
3.2.5. High competitive rivalry
3.3. CASE STUDIES
3.3.1. Privalia
3.3.2. U.S. Federal Government
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Increase in sophisticated cyberattacks
3.4.1.2. Development in IoT-based complex threat landscape
3.4.1.3. Enforcement of stringent government regulations for data safety and security
3.4.2. Restraints
3.4.2.1. Lack of skilled professionals
3.4.2.2. Performance issues associated with cloud protection
3.4.3. Opportunities
3.4.3.1. Rise in cyber security spending
3.4.3.2. Emergence of firewall as a service

CHAPTER 4: NEXT-GENERATION FIREWALL MARKET, BY COMPONENT

4.1. OVERVIEW
4.2. SOLUTION
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. SERVICE
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

CHAPTER 5: NEXT-GENERATION FIREWALL MARKET, BY TYPE

5.1. OVERVIEW
5.2. HARDWARE
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. VIRTUAL
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
5.4. CLOUD BASED
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

CHAPTER 6: NEXT-GENERATION FIREWALL MARKET, BY ORGANIZATION SIZE

6.1. OVERVIEW
6.2. LARGE ENTERPRISES
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country
6.3. SMES
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

CHAPTER 7: NEXT-GENERATION FIREWALL MARKET, BY INDUSTRY VERTICAL

7.1. OVERVIEW
7.2. AEROSPACE & DEFENSE
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market analysis, by country
7.3. BFSI
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market analysis, by country
7.4. ENERGY & UTILITIES
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market analysis, by country
7.5. PUBLIC SECTOR
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by region
7.5.3. Market analysis, by country
7.6. HEALTHCARE
7.6.1. Key market trends, growth factors, and opportunities
7.6.2. Market size and forecast, by region
7.6.3. Market analysis, by country
7.7. IT & TELECOM
7.7.1. Key market trends, growth factors, and opportunities
7.7.2. Market size and forecast, by region
7.7.3. Market analysis, by country
7.8. MANUFACTURING
7.8.1. Key market trends, growth factors, and opportunities
7.8.2. Market size and forecast, by region
7.8.3. Market analysis, by country
7.9. RETAIL
7.9.1. Key market trends, growth factors, and opportunities
7.9.2. Market size and forecast, by region
7.9.3. Market analysis, by country
7.10. OTHERS
7.10.1. Key market trends, growth factors, and opportunities
7.10.2. Market size and forecast, by region
7.10.3. Market analysis, by country

CHAPTER 8: NEXT-GENERATION FIREWALL MARKET, BY REGION

8.1. OVERVIEW
8.2. NORTH AMERICA
8.2.1. Key market trends, growth factors, and opportunities
8.2.2. Market size and forecast
8.2.2.1. Market size and forecast, by component
8.2.2.2. Market size and forecast, by type
8.2.2.3. Market size and forecast, by organization size
8.2.2.4. Market size and forecast, by industry vertical
8.2.2.5. Market size and forecast, by country
8.2.2.6. U.S.
8.2.2.6.1. Market size and forecast, by component
8.2.2.6.2. Market size and forecast, by type
8.2.2.6.3. Market size and forecast, by organization size
8.2.2.6.4. Market size and forecast, by industry vertical
8.2.2.7. Canada
8.2.2.7.1. Market size and forecast, by component
8.2.2.7.2. Market size and forecast, by type
8.2.2.7.3. Market size and forecast, by organization size
8.2.2.7.4. Market size and forecast, by industry vertical
8.3. EUROPE
8.3.1. Key market trends, growth factors, and opportunities
8.3.2. Market size and forecast
8.3.2.1. Market size and forecast, by component
8.3.2.2. Market size and forecast, by type
8.3.2.3. Market size and forecast, by organization size
8.3.2.4. Market size and forecast, by industry vertical
8.3.2.5. Market size and forecast, by country
8.3.2.6. UK
8.3.2.6.1. Market size and forecast, by component
8.3.2.6.2. Market size and forecast, by type
8.3.2.6.3. Market size and forecast, by organization size
8.3.2.6.4. Market size and forecast, by industry vertical
8.3.2.7. Germany
8.3.2.7.1. Market size and forecast, by component
8.3.2.7.2. Market size and forecast, by type
8.3.2.7.3. Market size and forecast, by organization size
8.3.2.7.4. Market size and forecast, by industry vertical
8.3.2.8. France
8.3.2.8.1. Market size and forecast, by component
8.3.2.8.2. Market size and forecast, by type
8.3.2.8.3. Market size and forecast, by organization size
8.3.2.8.4. Market size and forecast, by industry vertical
8.3.2.9. Italy
8.3.2.9.1. Market size and forecast, by component
8.3.2.9.2. Market size and forecast, by type
8.3.2.9.3. Market size and forecast, by organization size
8.3.2.9.4. Market size and forecast, by industry vertical
8.3.2.10. Russia
8.3.2.10.1 Market size and forecast, by component
8.3.2.10.2. Market size and forecast, by type
8.3.2.10.3. Market size and forecast, by organization size
8.3.2.10.4. Market size and forecast, by industry vertical
8.3.2.11. Rest of Europe
8.3.2.11.1. Market size and forecast, by component
8.3.2.11.2. Market size and forecast, by type
8.3.2.11.3. Market size and forecast, by organization size
8.3.2.11.4. Market size and forecast, by industry vertical
8.4. ASIA-PACIFIC
8.4.1. Key market trends, growth factors, and opportunities
8.4.2. Market size and forecast
8.4.2.1. Market size and forecast, by component
8.4.2.2. Market size and forecast, by type
8.4.2.3. Market size and forecast, by organization size
8.4.2.4. Market size and forecast, by industry vertical
8.4.2.5. Market size and forecast, by country
8.4.2.6. China
8.4.2.6.1. Market size and forecast, by component
8.4.2.6.2. Market size and forecast, by type
8.4.2.6.3. Market size and forecast, by organization size
8.4.2.6.4. Market size and forecast, by industry vertical
8.4.2.7. India
8.4.2.7.1. Market size and forecast, by component
8.4.2.7.2. Market size and forecast, by type
8.4.2.7.3. Market size and forecast, by organization size
8.4.2.7.4. Market size and forecast, by industry vertical
8.4.2.8. Japan
8.4.2.8.1. Market size and forecast, by component
8.4.2.8.2. Market size and forecast, by type
8.4.2.8.3. Market size and forecast, by organization size
8.4.2.8.4. Market size and forecast, by industry vertical
8.4.2.9. Australia
8.4.2.9.1. Market size and forecast, by component
8.4.2.9.2. Market size and forecast, by type
8.4.2.9.3. Market size and forecast, by organization size
8.4.2.9.4. Market size and forecast, by industry vertical
8.4.2.10. Rest of Asia-Pacific
8.4.2.10.1. Market size and forecast, by component
8.4.2.10.2. Market size and forecast, by type
8.4.2.10.3. Market size and forecast, by organization size
8.4.2.10.4. Market size and forecast, by industry vertical
8.5. LAMEA
8.5.1. Key market trends, growth factors, and opportunities
8.5.2. Market size and forecast
8.5.2.1. Market size and forecast, by component
8.5.2.2. Market size and forecast, by type
8.5.2.3. Market size and forecast, by organization size
8.5.2.4. Market size and forecast, by industry vertical
8.5.2.5. Market size and forecast, by country
8.5.2.6. Latin America
8.5.2.6.1. Market size and forecast, by component
8.5.2.6.2. Market size and forecast, by type
8.5.2.6.3. Market size and forecast, by organization size
8.5.2.6.4. Market size and forecast, by industry vertical
8.5.2.7. Middle East
8.5.2.7.1. Market size and forecast, by component
8.5.2.7.2. Market size and forecast, by type
8.5.2.7.3. Market size and forecast, by organization size
8.5.2.7.4. Market size and forecast, by industry vertical
8.5.2.8. Africa
8.5.2.8.1. Market size and forecast, by component
8.5.2.8.2. Market size and forecast, by type
8.5.2.8.3. Market size and forecast, by organization size
8.5.2.8.4. Market size and forecast, by industry vertical

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. INTRODUCTION
9.1.1. MARKET PLAYER POSITIONING, 2017
9.2. TOP WINNING STRATEGIES
9.2.1. Top winning strategies, by year
9.2.2. Top winning strategies, by development
9.2.3. Top winning strategies, by company

CHAPTER 10: COMPANY PROFILES

10.1. BARRACUDA NETWORKS, INC.
10.1.1. Company overview
10.1.2. Key Executives
10.1.3. Company snapshot
10.1.4. Product portfolio
10.1.5. Key strategic moves and developments
10.2. CHECK POINT SOFTWARE TECHNOLOGIES LTD.
10.2.1. Company overview
10.2.2. Key Executives
10.2.3. Company snapshot
10.2.4. Product portfolio
10.2.5. R&D Expenditure
10.2.6. Business performance
10.2.7. Key strategic moves and developments
10.3. CISCO SYSTEMS, INC.
10.3.1. Company overview
10.3.2. Key Executives
10.3.3. Company snapshot
10.3.4. Operating business segments
10.3.5. Product portfolio
10.3.6. Business performance
10.3.7. Key strategic moves and developments
10.4. FORCEPOINT LLC
10.4.1. Company overview
10.4.2. Key Executives
10.4.3. Company snapshot
10.4.4. Product portfolio
10.4.5. Key strategic moves and developments
10.5. FORTINET, INC.
10.5.1. Company overview
10.5.2. Key Executives
10.5.3. Company snapshot
10.5.4. Product portfolio
10.5.5. R&D Expenditure
10.5.6. Business performance
10.5.7. Key strategic moves and developments
10.6. HUAWEI TECHNOLOGIES CO., LTD.
10.6.1. Company overview
10.6.2. Key Executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.6.6. R&D Expenditure
10.6.7. Business performance
10.6.8. Key strategic moves and developments
10.7. JUNIPER NETWORKS, INC.
10.7.1. Company overview
10.7.2. Key Executives
10.7.3. Company snapshot
10.7.4. Product portfolio
10.7.5. R&D Expenditure
10.7.6. Business performance
10.7.7. Key strategic moves and developments
10.8. PALO ALTO NETWORKS, INC.
10.8.1. Company overview
10.8.2. Key Executives
10.8.3. Company snapshot
10.8.4. Product portfolio
10.8.5. R&D Expenditure
10.8.6. Business performance
10.8.7. Key strategic moves and developments
10.9. SONICWALL INC.
10.9.1. Company overview
10.9.2. Key Executives
10.9.3. Company snapshot
10.9.4. Product portfolio
10.9.5. Key strategic moves and developments
10.10. SOPHOS LTD.
10.10.1. Company overview
10.10.2. Key Executives
10.10.3. Company snapshot
10.10.4. Product portfolio
10.10.5. R&D Expenditure
10.10.6. Business performance
10.10.7. Key strategic moves and developments

Executive Summary

According to this report titled,'Next-Generation Firewall Market by Component, Type, Organization Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,'the global next-generation firewall market size was valued at $2,570.49 million in 2017, and is projected to reach $6,719.56 million by 2025, registering a CAGR of 12.9% from 2018 to 2025. In 2017, next-generation firewall solutions accounted for the highest revenue in the market.

Next-generation firewalls are advanced firewalls, which offer additional features such as active directory integration support, malware filtering based on reputation, and SSH & SSL inspection. The technology possesses capabilities to detect and block complicated attacks through security measures at the port, protocol, and application level. These firewalls are implemented in various models, including software or hardware. Increase in preference of organizations toward online applications and SaaS services has raised the security concerns regarding the normal inspection of ports and protocols, as it is insufficient to provide effective network security. This ongoing migration of IT workloads to cloud such as Microsoft Azure, and Google Cloud Platform along with the increase in hybrid network architectures complexities are the next-generation firewall market trends that drive the growth of the market. However, lack of cyber-security professionals and performance issues of these firewalls associated with cloud protection are some factors that hinder the growth of the growth.

The hardware based next-generation firewalls segment dominated next-generation firewall market share in 2017 and is projected to maintain its dominance during the forecast period owing to its superior layer of protection because of its perimeter network position. Moreover, these firewalls are independent of the OS, browsers, and other software on the networked device. Furthermore, cloud-based NGFW are expected to grow at a significant CAGR during the forecast period, owing to capabilities possessed by these firewalls to eliminate the appliance form factor, reduce the operational and capital expenses associated with appliance upgrades and unmitigated vulnerabilities.

The global next-generation firewall industry was led by the BFSI industry in 2017 and is projected to maintain its dominance during the forecast period. However, the healthcare segment is expected to witness the highest growth rate. NGFW plays an essential in HIPAA compliance and helps defend malicious attacks and unauthorized access. In addition, increase in adoption of EHRs in the developing countries are expected to create opportunities for the next-generation firewall market as EHRs and its clinical data is highly vulnerable to several cyber-attacks.

In 2017, the global next-generation firewall market share was dominated by North America, and is expected to maintain this trend during the forecast period. The major factors driving the growth of the next-generation firewall market in this region include high cyber security spending among financial organizations and public sector supported by significant adoption of BYOD, cloud, and IoT based devices. However, the Asia-Pacific segment is expected to witness the highest growth, owing to rise in digital security spending among developing countries such as China, South Korea, India, and Taiwan in the region. In addition, development of smart cities in the region possess significant growth capabilities.

Key Findings of the Next-Generation Firewall Market:

Based on component, the solution segment led the next-generation firewall market size in terms of revenue in 2017.
Based on type, the hardware based firewalls accounted for the highest NGFW market share in 2017.
Based on region, North America generated the highest revenue in 2017.
Based on industry vertical, the healthcare segment is anticipated to exhibit substantial growth during the forecast period.
Based on region, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.

The global next-generation firewall market analysis includes some of the key market players such as Barracuda Networks, Check Point, Cisco, Forcepoint, Fortinet, Huawei, Juniper Networks, Palo Alto Networks, SonicWall, and Sophos.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
Scientific and technical writings for product information and related preemptions
Regional government and statistical databases for macro analysis
Authentic news articles and other related releases for market evaluation
Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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