Next Generation Firewall Market will grow in the upcoming year with Leading Key players Zscaler Inc., Sonicwall Inc, etc.

New market research study provides an analysis and evaluation of the current and prospective profitability, liquidity and financial stability of Global Next Generation Firewall Industry.

A next-generation firewall is a depth packet inspection firewall system that can notice and block sophisticated attacks. It is permitted by executing security policies at the application level and protocol level of a network. It delivers a platform to network traffic inspection and network security policy enforcement. Next-generation firewall have the abilities of the standard first-generation firewall, which consists of packet filtering, VPN, NAT, and SPI. The key characteristic of a NGFW is the incorporation of high quality of the signatures and IPS engine, for making better blocking choices, next-generation firewall brings information from sources outside the firewall.

The global next-generation firewall market has been categorized into component, organization size, vertical and regions. Based on the component the market has been segmented into services and solutions. On the basis of organization size the next-generation firewall market has been divided into small & medium sized organization and large enterprises. Vertical segment has been bifurcated into Banking, Financial Services & Insurance, Retail, Government & Public Utilities, Healthcare, Education, Energy & Utilities among others.

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The major factors driving the next-generation firewall market are the rise in IoT trends, increasing external and internal threats and high functionalities of NGFW solutions globally. High cost of NGFW systems and the rising adoption rate of UTM solutions in SME’s and SOHOs are the major factors that may hinder the progress of the next generation firewall market in the near future. Additionally the growth of single vendor firewall deployment and the rise in the growth opportunities in the virtual NGFW are some of the major growth opportunities for the next generation firewall market players.

Geographically, the Next Generation Firewall market has been bifurcated into five regions North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The Next Generation Firewall market size and forecast period for each region has been estimated from 2017 to 2023. Additionally the CAGR (%) for the forecasted period 2017 to 2023. The study also includes market estimates for major countries/regions such as the U.S, the U.K., Germany, France, Japan, China, India, GCC, North Africa, South Africa and Brazil. The detailed analysis by component, organization Size, vertical and regions supports in evaluating the present scenario, growth prospects and the future scenario for the Next Generation Firewall market over the forecast period. Thus, the report delivers in-depth segment analysis of the market and classifies it into various industries, thereby providing valuable perceptions.

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The growth of IoT market is anticipated to drive the Europe market for Next Generation Firewall in the future years. The major companies that are involved next-generation firewall Cisco Systems, Inc., Check Point Software Technologies Ltd., Fortinet, Inc., Palo Alto Networks, Inc., Barracuda Networks, Inc., Sonicwall Inc., Zscaler Inc., Sonicwall Inc., Sophos, Ltd., Forcepoint LLC, Juniper Networks, Hillstone Network and Gajsheild Infotech Pvt. Ltd.

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