The Next-Generation Firewall Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Next-Generation Firewall Market?
The next-generation firewall market has been experiencing robust growth. The market size is projected to increase from $5 billion in 2024 to $5.48 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Next-Generation Firewall Industry?
In 2029, the next-generation firewall market is projected to reach a size of $9.23 billion, growing at a compound annual growth rate (CAGR) of 13.9%.
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What are the Key Growth Drivers Fueling the Next-Generation Firewall Market?
The key drivers in the next-generation firewall market are:
• Rising complexity of cyber threats
• Security needs for remote workforces
• Increased transitioning to cloud and hybrid environments
• Implementation of zero trust architecture and IoT device security
Global Market Segmentation: Identifying Major Next-Generation Firewall Industry Segments
The next-generation firewall market covered in this report is segmented –
1) By Component: Solution, Services
2) By Type: Hardware, Virtual, Cloud-Based
3) By Enterprise Size: Large Size Enterprises, Small And Medium Sized Enterprises (SMEs)
4) By Industry Vertical: BFSI, Retail, IT And Telecommunication, Healthcare, Energy And Utilities, Manufacturing, Government, Other Industry Verticals
Subsegment: Professional Service, Managed Service, Support And Maintenance, Training And Education, Consulting Service, System Integration, Other Services
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What are the Emerging Trends Shaping the Future of the Next-Generation Firewall Market?
The key trends in the next-generation firewall market are:
• The integration of machine learning and AI is an emerging trend in the next-Generation Firewall market.
• Enhanced user identity management is becoming a crucial focus in the market.
• The implementation of zero trust architecture is shaping future trends.
• The use of cloud-based security solutions is an emerging trend in the sector.
Who Are the Top Competitors & Leading Players in the Next-Generation Firewall Market?
Major companies in the next-generation firewall market are:
• Cisco Systems Inc.
• Barracuda Networks Inc.
• Check Point Solution Technologies Ltd.
• Juniper Networks Inc.
• Huawei Technologies Co. Ltd.
• Palo Alto Networks Inc.
• Forcepoint LLC
• WatchGuard Technologies Inc.
• SonicWall Inc.
• Hillstone Networks Co
• Sangfor Technologies
• Fortinet Inc.
• Sophos Technologies Pvt. Ltd.
• Untangle Inc.
• GajShield Infotech Pvt. Ltd.
• SEQRITE
• Stormshield SAS
• AhnLab Inc.
• Comodo Group Inc.
• Netgate Inc.
• OPNsense
• pfSense
• Smoothwall Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the next-generation firewall market in 2024
