Question 1

Which companies define the competitive landscape of next-generation firewall market?

Accepted Answer

Check Point Software Technologies, Cisco, Fortinet, Huawei Technologies, IBM, Juniper Networks, McAfee, LLC, Palo Alto Networks, Seqrite, SonicWall Inc. are some of the major industry contenders.

Question 2

What factors are pushing the growth of North America next-generation firewall industry?

Accepted Answer

North America market held a major revenue share of over 35% in 2023, as the corporations in the region are at the forefront of implementing new technologies such as cloud computing, Big Data, and the Internet of Things (IoT).

Question 3

Why is the demand for next-generation firewall software increasing?

Accepted Answer

The software segment was valued at over USD 2 billion in 2023, as it eliminates the requirement for specific hardware appliances, resulting in a considerable reduction in initial cost as compared to traditional hardware-based systems.

Question 4

How big is the next-generation firewall market?

Accepted Answer

The market size of next-generation firewall reached USD 4.8 billion in 2023 and is set to witness 7.5% CAGR between 2024 and 2032, led by digital transformation and increasing cloud adoption.

Next-Generation Firewall Market Size - By Application (Network Security, Application Control, Content Filtering, Threat Intelligence, Management and Reporting), By Component, By Organization Size, By Deployment Model, By End Use & Forecast, 2024 – 2032

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