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Next-Generation Firewall Market Research Report: By Component, Enterprise Size, Industry - Industry Trends And Growth Forecast to 2025

  • ID: 4912423
  • Report
  • December 2019
  • Region: Global
  • 148 Pages
  • Prescient & Strategic Intelligence Private Limited

FEATURED COMPANIES

  • Barracuda Networks Inc.
  • Cisco Systems Inc.
  • Dell Technologies Inc.
  • Forcepoint Inc.
  • Fortinet Inc.
  • Juniper Networks Inc.
  • MORE
Valued at $2,706.9 million in 2019, the global next-generation firewall (NGFW) market is predicted to generate a revenue of $5,188.8 million in 2025, registering a 11.9% CAGR during the forecast period (2020-2025). In 2019, the banking, financial services, & insurance industry dominated the market in 2019 because of the rising number of financial institutions around the world and increasing requirement for cyber-attack prevention. During the forecast period, the healthcare industry is expected to grow at the fastest pace during the forecast period, attributed to the rising adoption of cloud-based technologies.

In terms of component, the solutions category held the larger share of the next-generation firewall market in 2019 because of the rising adoption of cloud-based solutions by different organizations. On the basis of enterprise size, the small and medium-sized enterprises (SME) category is predicted to register the faster growth during the forecast period. This is because of the fact that NGFW solutions provide comprehensive network visibility and are cost-effective, which is why the SMEs are focusing on deploying them.

The rising number of cyber threats is a primary driving factor of the next-generation firewall market. For instance, about 2.5 million cybercrime cases were reported in 2017in the U.S., which rose to 2.9 million in 2018. Ascribed to this, the requirement for adopting a platform for meeting the cyber security requirements in the current business landscape is also growing. Since the NGFW technology offers cloud-delivered threat protection, intrusion prevention, and application awareness and control, it is more efficient than other conventional firewalls, which is projected to drive the market in the coming years.

The rising adoption of internet of things (IoT) is a key trend being observed in the next-generation firewall market. Presently, the enterprises are adopting IoT for leveraging advanced business models such as asset sharing, pay-per-usage, generating real-time operational insights, including equipment monitoring and security issue identification, and outcome-based model. While the adoption of IoT devices improves business productivity, these devices can easily fall prey to cyber-attacks, because they are connected to the internet or other networks. Due to this, the companies are deploying NGFW solutions for providing defensive competences against different applications.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Barracuda Networks Inc.
  • Cisco Systems Inc.
  • Dell Technologies Inc.
  • Forcepoint Inc.
  • Fortinet Inc.
  • Juniper Networks Inc.
  • MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Component
1.3.2 Market Segmentation by Enterprise Size
1.3.3 Market Segmentation by Industry
1.3.4 Market Segmentation by Region
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Component
4.1.1.1 Solutions
4.1.1.1.1 Hardware
4.1.1.1.2 Cloud
4.1.1.1.3 Virtual
4.1.1.2 Services
4.1.1.2.1 Managed
4.1.1.2.2 Professional
4.1.2 By Enterprise size
4.1.2.1 Large enterprises
4.1.2.2 SMEs
4.1.3 By Industry
4.1.3.1 BFSI
4.1.3.2 Aerospace & defense
4.1.3.3 Retail
4.1.3.4 Government & public utility
4.1.3.5 Healthcare
4.1.3.6 IT & telecommunication
4.1.3.7 Manufacturing
4.1.3.8 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increasing adoption of Internet of Things (IoT)
4.3.2 Drivers
4.3.2.1 Increasing number of cyber threats
4.3.2.2 Rising adoption of bring your own device (BYOD)
4.3.2.3 Limitation of traditional firewall
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Lack of data safety awareness among businesses
4.3.3.2 Impact analysis of restraint on market forecast
4.3.4 Opportunities
4.3.4.1 Shift of government toward digitalization
4.3.4.2 Increasing number of web applications
4.4 Porter’s Five Forces Analysis

Chapter 5. Global Market Size and Forecast
5.1 By Component
5.1.1 By Solutions
5.1.2 By Services
5.2 By Enterprise Size
5.3 By Industry
5.4 By Region

Chapter 6. North America Market Size and Forecast
6.1 By Component
6.1.1 By Solutions
6.1.2 By Services
6.2 By Enterprise Size
6.3 By Industry
6.4 By Country

Chapter 7. Europe Market Size and Forecast
7.1 By Component
7.1.1 By Solutions
7.1.2 By Services
7.2 By Enterprise Size
7.3 By Industry
7.4 By Country

Chapter 8. APAC Market Size and Forecast
8.1 By Component
8.1.1 By Solutions
8.1.2 By Services
8.2 By Enterprise Size
8.3 By Industry
8.4 By Country

Chapter 9. Latin America Market Size and Forecast
9.1 By Component
9.1.1 By Solutions
9.1.2 By Services
9.2 By Enterprise Size
9.3 By Industry
9.4 By Country

Chapter 10. MEA Market Size and Forecast
10.1 By Component
10.1.1 By Solutions
10.1.2 By Services
10.2 By Enterprise Size
10.3 By Industry
10.4 By Country

Chapter 11. Competitive Landscape
11.1 List of Key Players and Their Offerings
10.1 Competitive Benchmarking of Key Players
11.2 Market Share Analysis of Key Players
11.3 Strategic Developments of Key Players
11.3.1 Mergers and Acquisitions
11.3.2 Partnerships
11.3.3 Client Wins

Chapter 12. Company Profiles
12.1 Cisco Systems Inc.
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.2 Dell Technologies Inc.
12.2.1 Business Overview
12.2.2 Product and Service Offerings
12.2.3 Key Financial Summary
12.3 Huawei Technologies Co. Ltd.
12.3.1 Business Overview
12.3.2 Product and Service Offerings
12.3.3 Key Financial Summary
12.4 Fortinet Inc.
12.4.1 Business Overview
12.4.2 Product and Service Offerings
12.4.3 Key Financial Summary
12.5 Palo Alto Networks Inc.
12.5.1 Business Overview
12.5.2 Product and Service Offerings
12.5.3 Key Financial Summary
12.6 Juniper Networks Inc.
12.6.1 Business Overview
12.6.2 Product and Service Offerings
12.6.3 Key Financial Summary
12.7 Check Point Software Technologies Ltd.
12.7.1 Business Overview
12.7.2 Product and Service Offerings
12.7.3 Key Financial Summary
12.8 Barracuda Networks Inc.
12.8.1 Business Overview
12.8.2 Product and Service Offerings
12.9 Forcepoint Inc.
12.9.1 Business Overview
12.9.2 Product and Service Offerings
12.10 WatchGuard Technologies Inc.
12.10.1 Business Overview
12.10.2 Product and Service Offerings

Chapter 13. Appendix
13.1 Abbreviations
13.2 Sources and References
13.3 Related Reports

List of Tables
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 DRIVERS FOR THE MARKET: NGFW
TABLE 3 RESTRAINT FOR THE MARKET: NGFW
TABLE 4 GLOBAL NGFW MARKET, BY COMPONENT, $M (2014-2019)
TABLE 5 GLOBAL NGFW MARKET, BY COMPONENT, $M (2020-2025)
TABLE 6 GLOBAL NGFW SOLUTIONS MARKET, BY TYPE, $M (2014-2019)
TABLE 7 GLOBAL NGFW SOLUTIONS MARKET, BY TYPE, $M (2020-2025)
TABLE 8 GLOBAL NGFW SERVICES MARKET, BY TYPE, $M (2014-2019)
TABLE 9 GLOBAL NGFW SERVICES MARKET, BY TYPE, $M (2020-2025)
TABLE 10 GLOBAL NGFW MARKET, BY ENTERPRISE SIZE, $M (2014-2019)
TABLE 11 GLOBAL NGFW MARKET, BY ENTERPRISE SIZE, $M (2020-2025)
TABLE 12 GLOBAL NGFW MARKET, BY INDUSTRY, $M (2014-2019)
TABLE 13 GLOBAL NGFW MARKET, BY INDUSTRY, $M (2020-2025)
TABLE 14 GLOBAL NGFW MARKET, BY REGION, $M (2014-2019)
TABLE 15 GLOBAL NGFW MARKET, BY REGION, $M (2020-2025)
TABLE 16 NORTH AMERICA NGFW MARKET, BY COMPONENT, $M (2014-2019)
TABLE 17 NORTH AMERICA NGFW MARKET, BY COMPONENT, $M (2020-2025)
TABLE 18 NORTH AMERICA NGFW SOLUTIONS MARKET, BY TYPE, $M (2014-2019)
TABLE 19 NORTH AMERICA NGFW SOLUTIONS MARKET, BY TYPE, $M (2020-2025)
TABLE 20 NORTH AMERICA NGFW SERVICES MARKET, BY TYPE, $M (2014-2019)
TABLE 21 NORTH AMERICA NGFW SERVICES MARKET, BY TYPE, $M (2020-2025)
TABLE 22 NORTH AMERICA NGFW MARKET, BY ENTERPRISE SIZE, $M (2014-2019)
TABLE 23 NORTH AMERICA NGFW MARKET, BY ENTERPRISE SIZE, $M (2020-2025)
TABLE 24 NORTH AMERICA NGFW MARKET, BY INDUSTRY, $M (2014-2019)
TABLE 25 NORTH AMERICA NGFW MARKET, BY INDUSTRY, $M (2020-2025)
TABLE 26 NORTH AMERICA NGFW MARKET, BY COUNTRY, $M (2014-2019)
TABLE 27 NORTH AMERICA NGFW MARKET, BY COUNTRY, $M (2020-2025)
TABLE 28 EUROPE NGFW MARKET, BY COMPONENT, $M (2014-2019)
TABLE 29 EUROPE NGFW MARKET, BY COMPONENT, $M (2020-2025)
TABLE 30 EUROPE NGFW SOLUTIONS MARKET, BY TYPE, $M (2014-2019)
TABLE 31 EUROPE NGFW SOLUTIONS MARKET, BY TYPE, $M (2020-2025)
TABLE 32 EUROPE NGFW SERVICES MARKET, BY TYPE, $M (2014-2019)
TABLE 33 EUROPE NGFW SERVICES MARKET, BY TYPE, $M (2020-2025)
TABLE 34 EUROPE NGFW MARKET, BY ENTERPRISE SIZE, $M (2014-2019)
TABLE 35 EUROPE NGFW MARKET, BY ENTERPRISE SIZE, $M (2020-2025)
TABLE 36 EUROPE NGFW MARKET, BY INDUSTRY, $M (2014-2019)
TABLE 37 EUROPE NGFW MARKET, BY INDUSTRY, $M (2020-2025)
TABLE 38 EUROPE NGFW MARKET, BY COUNTRY, $M (2014-2019)
TABLE 39 EUROPE NGFW MARKET, BY COUNTRY, $M (2020-2025)
TABLE 40 APAC NGFW MARKET, BY COMPONENT, $M (2014-2019)
TABLE 41 APAC NGFW MARKET, BY COMPONENT, $M (2020-2025)
TABLE 42 APAC NGFW SOLUTIONS MARKET, BY TYPE, $M (2014-2019)
TABLE 43 APAC NGFW SOLUTIONS MARKET, BY TYPE, $M (2020-2025)
TABLE 44 APAC NGFW SERVICES MARKET, BY TYPE, $M (2014-2019)
TABLE 45 APAC NGFW SERVICES MARKET, BY TYPE, $M (2020-2025)
TABLE 46 APAC NGFW MARKET, BY ENTERPRISE SIZE, $M (2014-2019)
TABLE 47 APAC NGFW MARKET, BY ENTERPRISE SIZE, $M (2020-2025)
TABLE 48 APAC NGFW MARKET, BY INDUSTRY, $M (2014-2019)
TABLE 49 APAC NGFW MARKET, BY INDUSTRY, $M (2020-2025)
TABLE 50 APAC NGFW MARKET, BY COUNTRY, $M (2014-2019)
TABLE 51 APAC NGFW MARKET, BY COUNTRY, $M (2020-2025)
TABLE 52 LATAM NGFW MARKET, BY COMPONENT, $M (2014-2019)
TABLE 53 LATAM NGFW MARKET, BY COMPONENT, $M (2020-2025)
TABLE 54 LATAM NGFW SOLUTIONS MARKET, BY TYPE, $M (2014-2019)
TABLE 55 LATAM NGFW SOLUTIONS MARKET, BY TYPE, $M (2020-2025)
TABLE 56 LATAM NGFW SERVICES MARKET, BY TYPE, $M (2014-2019)
TABLE 57 LATAM NGFW SERVICES MARKET, BY TYPE, $M (2020-2025)
TABLE 58 LATAM NGFW MARKET, BY ENTERPRISE SIZE, $M (2014-2019)
TABLE 59 LATAM NGFW MARKET, BY ENTERPRISE SIZE, $M (2020-2025)
TABLE 60 LATAM NGFW MARKET, BY INDUSTRY, $M (2014-2019)
TABLE 61 LATAM NGFW MARKET, BY INDUSTRY, $M (2020-2024)
TABLE 62 LATAM NGFW MARKET, BY COUNTRY, $M (2014-2019)
TABLE 63 LATAM NGFW MARKET, BY COUNTRY, $M (2020-2025)
TABLE 64 MEA NGFW MARKET, BY COMPONENT, $M (2014-2019)
TABLE 65 MEA NGFW MARKET, BY COMPONENT, $M (2020-2025)
TABLE 66 MEA NGFW SOLUTIONS MARKET, BY TYPE, $M (2014-2019)
TABLE 67 MEA NGFW SOLUTIONS MARKET, BY TYPE, $M (2020-2025)
TABLE 68 MEA NGFW SERVICES MARKET, BY TYPE, $M (2014-2019)
TABLE 69 MEA NGFW SERVICES MARKET, BY TYPE, $M (2020-2025)
TABLE 70 MEA NGFW MARKET, BY ENTERPRISE SIZE, $M (2014-2019)
TABLE 71 MEA NGFW MARKET, BY ENTERPRISE SIZE, $M (2020-2025)
TABLE 72 MEA NGFW MARKET, BY INDUSTRY, $M (2014-2019)
TABLE 73 MEA NGFW MARKET, BY INDUSTRY, $M (2020-2025)
TABLE 74 MEA NGFW MARKET, BY COUNTRY, $M (2014-2019)
TABLE 75 MEA NGFW MARKET, BY COUNTRY, $M (2020-2025)
TABLE 76 LIST OF KEY PLAYERS AND THEIR OFFERINGS
TABLE 77 COMPETITIVE BENCHMARKING OF KEY PLAYERS (2018)
TABLE 78 GLOBAL NGFW MARKET SHARE ANALYSIS OF KEY PLAYERS (2018)
TABLE 79 CISCO SYSTEMS INC. - AT A GLANCE
TABLE 80 CISCO SYSTEMS INC. - KEY FINANCIAL SUMMARY
TABLE 81 DELL TECHNOLOGIES INC. - AT A GLANCE
TABLE 82 DELL TECHNOLOGIES INC. - KEY FINANCIAL SUMMARY
TABLE 83 HUAWEI TECHNOLOGIES CO. LTD. - AT A GLANCE
TABLE 84 HUAWEI TECHNOLOGIES CO. LTD. - KEY FINANCIAL SUMMARY
TABLE 85 FORTINET INC. - AT A GLANCE
TABLE 86 FORTINET INC. - KEY FINANCIAL SUMMARY
TABLE 87 PALO ALTO NETWORKS INC. - AT A GLANCE
TABLE 88 PALO ALTO NETWORKS INC. - KEY FINANCIAL SUMMARY
TABLE 89 JUNIPER NETWORKS INC. - AT A GLANCE
TABLE 90 JUNIPER NETWORKS INC. - KEY FINANCIAL SUMMARY
TABLE 91 CHECK POINT SOFTWARE TECHNOLOGIES LTD. - AT A GLANCE
TABLE 92 CHECK POINT SOFTWARE TECHNOLOGIES LTD. - KEY FINANCIAL SUMMARY
TABLE 93 BARRACUDA NETWORKS INC. - AT A GLANCE
TABLE 94 FORCEPOINT INC. - AT A GLANCE
TABLE 95 WATCHGUARD TECHNOLOGIES INC. - AT A GLANCE

List of Figures
FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 REGIONAL SPLIT OF PRIMARY AND SECONDARY RESEARCH
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY REGION
FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 6 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 7 DATA TRIANGULATION APPROACH
FIG 8 GLOBAL NGFW MARKET SUMMARY
FIG 9 VALUE CHAIN ANALYSIS OF NGFW MARKET
FIG 10 BARGAINING POWER OF BUYERS
FIG 11 BARGAINING POWER OF SUPPLIERS
FIG 12 INTENSITY OF RIVALRY
FIG 13 THREAT OF NEW ENTRANTS
FIG 14 THREAT OF SUBSTITUTES
FIG 15 GLOBAL NGFW MARKET, BY COMPONENT, $M (2014-2025)
FIG 16 GLOBAL NGFW SOLUTIONS MARKET, BY TYPE, $M (2014-2025)
FIG 17 GLOBAL NGFW SERVICES MARKET, BY TYPE, $M (2014-2025)
FIG 18 GLOBAL NGFW MARKET, BY ENTERPRISE SIZE, $M (2014-2025)
FIG 19 GLOBAL NGFW MARKET, BY INDUSTRY, $M (2014-2025)
FIG 20 WORLDWIDE MAJOR MARKETS FOR NGFW
FIG 21 GLOBAL NGFW MARKET, BY REGION, $M (2014-2025)
FIG 22 NORTH AMERICA NGFW MARKET SNAPSHOT
FIG 23 NORTH AMERICA NGFW MARKET, BY COMPONENT, $M (2014-2025)
FIG 24 NORTH AMERICA NGFW SOLUTIONS MARKET, BY TYPE, $M (2014-2025)
FIG 25 NORTH AMERICA NGFW SERVICES MARKET, BY TYPE, $M (2014-2025)
FIG 26 NORTH AMERICA NGFW MARKET, BY ENTERPRISE SIZE, $M (2014-2025)
FIG 27 NORTH AMERICA NGFW MARKET, BY INDUSTRY, $M (2014-2025)
FIG 28 NORTH AMERICA NGFW MARKET, BY COUNRTY, $M (2014-2025)
FIG 29 EUROPE NGFW MARKET SNAPSHOT
FIG 30 EUROPE NGFW MARKET, BY COMPONENT, $M (2014-2025)
FIG 31 EUROPE NGFW SOLUTIONS MARKET, BY TYPE, $M (2014-2025)
FIG 32 EUROPE NGFW SERVICES MARKET, BY TYPE, $M (2014-2025)
FIG 33 EUROPE NGFW MARKET, BY ENTERPRISE SIZE, $M (2014-2025)
FIG 34 EUROPE NGFW MARKET, BY INDUSTRY, $M (2014-2025)
FIG 35 EUROPE NGFW MARKET, BY COUNTRY, $M (2014-2025)
FIG 36 APAC NGFW MARKET SNAPSHOT
FIG 37 APAC NGFW MARKET, BY COMPONENT, $M (2014-2025)
FIG 38 APAC NGFW SOLUTIONS MARKET, BY TYPE, $M (2014-2025)
FIG 39 APAC NGFW SERVICES MARKET, BY TYPE, $M (2014-2025)
FIG 40 APAC NGFW MARKET, BY ENTERPRISE SIZE, $M (2014-2025)
FIG 41 APAC NGFW MARKET, BY INDUSTRY, $M (2014-2025)
FIG 42 APAC NGFW MARKET, BY COUNTRY, $M (2014-2025)
FIG 43 LATAM NGFW MARKET SNAPSHOT
FIG 44 LATAM NGFW MARKET, BY COMPONENT, $M (2014-2025)
FIG 45 LATAM NGFW SOLUTIONS MARKET, BY TYPE, $M (2014-2025)
FIG 46 LATAM NGFW SERVICES MARKET, BY TYPE, $M (2014-2025)
FIG 47 LATAM NGFW MARKET, BY ENTERPRISE SIZE, $M (2014-2025)
FIG 48 LATAM NGFW MARKET, BY INDUSTRY, $M (2014-2025)
FIG 49 LATAM NGFW MARKET, BY COUNTRY $M (2014-2025)
FIG 50 MEA NGFW MARKET SNAPSHOT
FIG 51 MEA NGFW MARKET, BY COMPONENT, $M (2014-2025)
FIG 52 MEA NGFW SOLUTIONS MARKET, BY TYPE, $M (2014-2025)
FIG 53 MEA NGFW SERVICES MARKET, BY TYPE, $M (2014-2025)
FIG 54 MEA NGFW MARKET, BY ENTERPRISE SIZE, $M (2014-2025)
FIG 55 MEA NGFW MARKET, BY INDUSTRY, $M (2014-2025)
FIG 56 MEA NGFW MARKET, BY COUNTRY, $M (2014-2025)
FIG 57 CISCO SYSTEMS INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 58 DELL TECHNOLOGIES INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 59 HUAWEI TECHNOLOGIES CO. LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 60 FORTINET INC. - REVENUE SPLIT BY GEOGRAPHY (2018)
FIG 61 PALO AUTO NETWORKS INC. - REVENUE SPLIT BY GEOGRAPHY (2018)
FIG 62 JUNIPER NETWORKS INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
Note: Product cover images may vary from those shown
  • Cisco Systems Inc.
  • Dell Technologies Inc.
  • Huawei Technologies Co. Ltd
  • Fortinet Inc.
  • Palo Alto Networks Inc.
  • Juniper Networks Inc.
  • Check Point Software Technologies Ltd.
  • Barracuda Networks Inc.
  • Forcepoint Inc.
  • WatchGuard Technologies Inc.
Note: Product cover images may vary from those shown

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