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Next-generation firewall (NGFW) is third generation firewall technology to perform traditional firewall functions along with advanced network device filtering such as application firewall utilizing deep packet inspection (DPI), an intrusion prevention system (IPS). It is a hardware and software-based network security system that does deep inspection of packet to detect and block attacks in order to secure the system. Next-generation firewall can be defined as a process of gathering, archiving, handling, and reporting of the logs. These logs are generated from several devices, such as routers firewalls, servers, routers and switches. NGFW solutions can be hardware, virtual, or cloud-based. NGFW solutions processes a huge amount of computer-generated log data. It brings information from sources outside the firewall and helps in application awareness, state inspection, and identity awareness by performing high-performance SSL inspection using industry-mandated ciphers. The main aim of NGFW solutions is to track security actions and network activities. NGFW solutions help an organization to effectively manage logs and ensure integrity and enhanced business continuity. Such solutions also allow organizations to protect systems, endpoints, and applications against various malicious attacks, cybercriminals, ransom ware, and advanced persistent threats (APTs). NGFW includes integrated intrusion protection system (IPS), bridged and routed modes, and provide the ability to utilize external intelligence sources.

Increased adoption of bring your own device (BYOD) in organizations requires advance level of network security features. NGFW solutions such as SSL encrypted traffic inspection,  quality of service (QoS) /bandwidth management, antivirus inspection, website filtering, and third-party identity management helps in better functioning of organizations. Moreover, internal and external threats to an organization are rising rapidly due to advancement in technology. Thus, organizations are deploying NGFW solutions to have a secure business network. Thus, these are major forces which are anticipated to drive the growth of the NGFW market. Enterprises are deploying NGFW services to achieve secure network of system and endpoints against cyber threats.

Factors such as high cost of NGFW solutions and rising adoption of unified threat management (UTM) solutions in small and medium sized enterprises (SMEs) are anticipated to restrain the market growth during the forecast period. Furthermore, resistance of enterprises to use next generation firewall over traditional firewall technology might be a barrier to the growth of the market.

The next generation firewall market can be segmented on the basis of delivery type, services, organization size, industry vertical, and geography. On the basis of delivery type, the market can be segmented into hardware, virtual, and cloud. On the basis of size, the market is segmented into professional and managed services. The market on the basis of organization size can be segmented into small and medium-sized enterprises and large enterprises. On the basis of industry vertical, the market can be segmented into banking, financial services, and insurance; retail, IT and telecommunications, government, utilities, healthcare, energy and utilities, education and others. The increase in digital identities organizations results in massive growth of advanced cyber attacks. Attacks such as distributed denial of service (DDoS), ransom ware, and other attacks have been seen in the BFSI vertical. Thus, players in network security are introducing innovative solutions such as NGFW to meet the changing demands of security in the BFSI industry. Geographical segmentation for the next generation firewall market includes North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America.

Key players of the next generation firewall market are Cisco Systems, Inc., Check Point Software Technologies Ltd., Palo Alto Networks, Inc., Barracuda Networks, Inc., Hillstone Networks, Juniper Networks, Fortinet, Inc., SonicWall Inc., Zscaler, Inc., Forcepoint LLC, Sophos, Ltd. and GajShield Infotech Pvt. Ltd. These players are adopting new product launch as a key strategy to expand their contributions in the NGFW market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Next Generation Firewall Market

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