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Aug. 12, 2020, 4:12 a.m. EDT

Next Generation Firewall Market Size, Share & Growth | Industry Report, Analysis, Trends and Forecast 2020-2025

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Aug 12, 2020 (SUPER MARKET RESEARCH via COMTEX) -- According to IMARC Group's latest report, titled "Next Generation Firewall Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,". Looking forward, IMARC Group expects the market to witness moderate growth during the next five years.

Next generation firewall (NGFW) stands for the third generation of network firewall that manages and secures data transmission process. It is typically integrated with intrusion prevention and cloud-delivered threat intelligence. The firewall utilizes whitelists or signature-based intrusion detection systems (IDS) to assess safe and unsafe applications. NGFW can use both dynamic and static packet filtering to enhance network connection security.

Request for a free sample copy of this report: https://www.imarcgroup.com/next-generation-firewall-market/requestsample

Market Trends

The high prevalence of cyberattacks and pervasive use of the Internet-of-Things (IoT) across various industries are augmenting the demand for NGFW. Additionally, the growing adoption of NGFW in several organizations for data security against the risk of data thefts, is also driving the market growth. The increasing penetration of smartphones, social media, and cloud services has augmented the demand for high-end data security solutions. Furthermore, the rising need to secure sensitive data, payment gateways, and transaction portals, along with the widespread adoption of digital currency, has raised the demand for NGFW in the BFSI sector. Moreover, several technological innovations have led to the introduction of highly configurable and scalable NGFW systems, thereby bolstering the market. In the coming years, the rising governmental investments to improve cybersecurity systems are anticipated to propel the next-generation firewall market.

Next Generation Firewall Market 2020-2025 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Barracuda Networks Inc.

  • Check Point Software Technologies /zigman2/quotes/200866016/composite CHKP -1.65%

  • Cisco Systems /zigman2/quotes/209509471/composite CSCO -1.39%

  • Forcepoint LLC

  • Fortinet Inc. /zigman2/quotes/205733290/composite FTNT +1.67%

  • Gajshield Infotech Pvt Ltd.

  • Hillstone Networks Co. (sha:688030)

  • Juniper Networks Inc. /zigman2/quotes/207361368/composite JNPR +0.04%

  • Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW +0.07%

  • Sonicwall Inc.

  • Sophos Ltd.

  • Zscaler Inc /zigman2/quotes/203585803/composite ZS +1.49%

The report has segmented the market on the basis of type, deployment type, security type, organization size, vertical and region.

Breakup by Type:

  • Solutions

  • Services

Breakup by Deployment Type:

  • Cloud-based

  • On-premises

Breakup by Security Type:

  • Firewall

  • Unified Threat Management

  • Network Security

  • Identity Based Security

  • Others

Breakup by Organization Size:

/zigman2/quotes/200866016/composite
US : U.S.: Nasdaq
$ 118.00
-1.98 -1.65%
Volume: 1.67M
Sept. 18, 2020 4:00p
P/E Ratio
20.73
Dividend Yield
N/A
Market Cap
$16.82 billion
Rev. per Employee
$418,810
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/zigman2/quotes/209509471/composite
US : U.S.: Nasdaq
$ 39.81
-0.56 -1.39%
Volume: 44.45M
Sept. 18, 2020 4:00p
P/E Ratio
15.13
Dividend Yield
3.62%
Market Cap
$170.90 billion
Rev. per Employee
$684,933
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/zigman2/quotes/205733290/composite
US : U.S.: Nasdaq
$ 117.28
+1.93 +1.67%
Volume: 1.52M
Sept. 18, 2020 4:00p
P/E Ratio
49.10
Dividend Yield
N/A
Market Cap
$18.67 billion
Rev. per Employee
$308,161
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/zigman2/quotes/207361368/composite
US : U.S.: NYSE
$ 23.27
+0.01 +0.04%
Volume: 4.16M
Sept. 18, 2020 4:00p
P/E Ratio
22.68
Dividend Yield
3.44%
Market Cap
$7.72 billion
Rev. per Employee
$500,646
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/zigman2/quotes/207599953/composite
US : U.S.: NYSE
$ 241.60
+0.17 +0.07%
Volume: 1.24M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$23.27 billion
Rev. per Employee
$484,742
loading...
/zigman2/quotes/203585803/composite
US : U.S.: Nasdaq
$ 129.10
+1.89 +1.49%
Volume: 3.11M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$16.60 billion
Rev. per Employee
$231,369
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