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Next-Generation Firewall Market by Delivery Type (Hardware, Virtual, Cloud), Service (Professional (Consulting, Support and Maintenance, System Integration), and Managed), Organization Size, Vertical, and Region - Global Forecast to 2022

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Date: 16-Jun-2017
No. of pages: 136
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Increasing adoption of BYOD and IoT trend is expected to drive the NGFW market

The Next-Generation Firewall (NGFW) market size is estimated to grow from USD 2.39 billion in 2017 to USD 4.27 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 12.3%.

The NGFW market is driven by factors such as increased adoption of BYOD and IoT trend, increasing internal and external threats, and high functionalities of NGFW solutions. However, the presence of traditional firewalls may restrict the NGFW market growth. The NGFW systems perform various security functions, such as Deep Packet Inspection (DPI), Intrusion Detection System/Intrusion Prevention System (IDS/IPS), application control, packet filtering, email security, threat protection using sandboxing, along with all the capabilities of the traditional firewalls.

Cloud appliances segment is expected to grow at the highest CAGR during the forecast period

The NGFW market by solution includes hardware, virtual, and cloud-based solutions. The cloud appliances segment in the NGFW solution market is expected to have the highest CAGR during the forecast period. Cloud-based deployment of NGFW solutions is increasing due to the increased adoption of cloud computing technology across various organizations.

Small and Medium-sized (SMEs) segment is expected to grow at the highest CAGR during the forecast period

SMEs segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing incidences of cyber-attacks on these enterprises. With the increased adoption of the BYOD trend, and web and mobile-based applications for business operations, SMEs are deploying NGFW solutions to protect their network infrastructure from advanced cyber-attacks. However, the large enterprises segment accounts for the largest share of the NGFW market in 2017.

Asia Pacific (APAC) is expected to have the highest growth rate during the forecast period

APAC includes emerging economies such as China, Australia, Singapore, and India, which are rapidly deploying NGFW solutions. APAC is expected to grow at the highest CAGR during the forecast period. This is mainly due to the increasing adoption of IoT and BYOD trends in many industry verticals such as Banking, Financial Services, and Insurance (BFSI),government, ITand telecom, manufacturing, healthcare, and retail. Furthermore, North America is expected to have the largest market size in 2017.

In-depth interviews were conducted with CEOs, marketing directors, innovation and technology directors, and executives from various key organizations operating in the NGFW market.


  • By Company Type: Tier 1: 24%, Tier 2: 28%, and Tier 3: 48%

  • By Designation: C-Level: 28%, Director Level: 32%, and Others: 40%

  • By Region: North America: 24%, Europe: 26%, and APAC: 50%


The report includes the study of key players offering NGFW services such as Cisco Systems (California, US), Fortinet, Inc. (California, US), Check Point Software (California, US), Palo Alto Networks (California, US), Barracuda Networks (California, US), Force point (Texas, US), Zscaler (California, US), Juniper Networks (California, US), Watch Guard Technologies (California, US), and Sophos Ltd. (Abingdon, UK).

Research Coverage:

The report covers the NGFW services across different verticals and regions. It aims at estimating the market size and future growth potential of this market, across different segments such as solution, services type, organization size, industry vertical, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:


  • The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall NGFW market and the subsegments.

  • This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.

  • The report also helps stakeholders to understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Next-Generation Firewall Market by Delivery Type (Hardware, Virtual, Cloud), Service (Professional (Consulting, Support and Maintenance, System Integration), and Managed), Organization Size, Vertical, and Region - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Microquadrant Research Methodology
2.3.1 Vendor Inclusion Criteria
2.4 Research Assumptions and Limitations
2.4.1 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Next-Generation Firewall Market
4.2 NGFW Market, By Component, 2017–2022
4.3 NGFW Market, By Solution, 2017–2022
4.4 NGFW Market, By Service, 2017–2022
4.5 NGFW Market, By Organization Size, 2017–2022
4.6 NGFW Market, By Vertical, 2017–2022
4.7 Lifecycle Analysis, By Region

5 Next-Generation Firewall Market Overview and Industry Trends
5.1 NGFW Product Classification By Throughput
5.1.1 Dell (Sonicwall)
5.1.2 Cisco Systems, Inc.
5.1.3 Check Point Software Technologies Ltd.
5.1.4 Fortinet, Inc.
5.1.5 Barracuda Networks, Inc.
5.1.6 Palo Alto Networks
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing IoT Trend
5.2.1.2 Increasing Internal and External Threats
5.2.1.3 High Functionalities of the NGFW Solutions
5.2.2 Restraints
5.2.2.1 High Cost of NGFW Systems
5.2.2.2 High Adoption of UTM Solution in SMEs and SOHOs
5.2.3 Opportunities
5.2.3.1 Single Vendor Firewall Deployment
5.2.3.2 High Growth Opportunities in Virtual NGFW
5.2.4 Challenges
5.2.4.1 Presence of Traditional Firewalls

6 Next-Generation Firewall Market Analysis, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Hardware
6.2.2 Virtual
6.2.3 Cloud-Based
6.3 Services
6.3.1 Professional Services
6.3.1.1 Consulting
6.3.1.2 Support and Maintenance
6.3.1.3 Training and Education
6.3.1.4 System Integration
6.3.2 Managed Services

7 Next-Generation Firewall Market Analysis, By Organization Size
7.1 Introduction
7.2 Small and Medium-Sized Enterprises
7.3 Large Enterprises

8 Next-Generation Firewall Market Analysis, By Vertical
8.1 Introduction
8.2 Banking, Financial Services, and Insurance
8.3 Retail
8.4 IT and Telecommunications
8.5 Government and Public Utilities
8.6 Healthcare
8.7 Energy and Utilities
8.8 Education
8.9 Others

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 Middle East and Africa
9.6 Latin America

10 Competitive Landscape
10.1 Introduction
10.1.1 Vanguards
10.1.2 Innovators
10.1.3 Dynamic
10.1.4 Emerging
10.2 Competitive Benchmarking
10.2.1 NGFW Market: Product Offering
10.2.2 NGFW Market: Business Strategy

Top 25 Companies Analyzed for This Study are - Barracuda Networks, Inc., Check Point Software, Cisco Systems, Inc., Dell (Sonicwall, Inc.), Fortinet, Inc., Palo Alto Networks, Inc., Hillstone Networks, Huawei Technologies, Inc., Tufin, Zscaler, Inc., Carousel Industries, Cato Networks. Inc., Forcepoint (Mcafee), Juniper Networks, Inc., Sangfor Technologies, Sophos Ltd., Watchguard Technologies, Inc., Clavister, Firstwave Cloud Technology, Frontier, Gajshield Infotech, Informant Networks, Interoute Communications, Kerio Technologies, Rohde & Schwarz

11 Company Profiles
(Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View)*
11.1 Cisco Systems, Inc.
11.2 Check Point Software Technologies Ltd
11.3 Palo Alto Networks, Inc.
11.4 Barracuda Networks, Inc
11.5 Fortinet, Inc.
11.6 Sonicwall Inc.
11.7 Zscaler, Inc.
11.8 Forcepoint LLC
11.9 Juniper Networks
11.10 Hillstone Networks
11.11 Sophos, Ltd
11.12 Gajshield Infotech (I) Pvt. Ltd

*Details on Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Key Insights
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customization
12.6 Related Reports
12.7 Author Details

List of Tables

Table 1 Evaluation Criteria
Table 2 Next-Generation Firewall Market Size, By Component, 2015–2022 (USD Million)
Table 3 Solutions: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 4 Solutions: NGFW Market Size, By Type, 2015–2022 (USD Million)
Table 5 Solutions: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 6 Hardware Market Size, By Region, 2015–2022 (USD Million)
Table 7 Virtual Market Size, By Region, 2015–2022 (USD Million)
Table 8 Cloud-Based Market Size, By Region, 2015–2022 (USD Million)
Table 9 Service: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 10 Services: NGFW Market Size, By Type, 2015–2022 (USD Million)
Table 11 Services: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 12 Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 13 Professional Services Market Size, By Type, 2015–2022 (USD Million)
Table 14 Consulting: Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 15 Support and Maintenance: Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 16 Training and Education: Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 17 System Integration: Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 18 Managed Services Market Size, By Region, 2015–2022 (USD Million)
Table 19 Next-Generation Firewall Market Size, By Organization Size, 2015–2022 (USD Million)
Table 20 Small and Medium-Sized Enterprises: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 21 Large Enterprises: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 22 NGFW Market Size, By Vertical, 2015–2022 (USD Million)
Table 23 Banking, Financial Services, and Insurance: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 24 Retail: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 25 IT and Telecommunications: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 26 Government and Public Utilities: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 27 Healthcare: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 28 Energy and Utilities: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 29 Education: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 30 Others: NGFW Market Size, By Region, 2015–2022 (USD Million)
Table 31 Next-Generation Firewall Market Size, By Region, 2015–2022 (USD Million)
Table 32 North America: NGFW Market Size, By Component, 2015–2022 (USD Million)
Table 33 North America: NGFW Market Size, By Solution, 2015–2022 (USD Million)
Table 34 North America: NGFW Market Size, By Service, 2015–2022 (USD Million)
Table 35 North America: NGFW Market Size, By Professional Service, 2015–2022 (USD Million)
Table 36 North America: NGFW Market Size, By Organization Size, 2015–2022 (USD Million)
Table 37 North America: NGFW Market Size, By Vertical, 2015–2022 (USD Million)
Table 38 Europe: Next-Generation Firewall Market Size, By Component, 2015–2022 (USD Million)
Table 39 Europe: NGFW Market Size, By Solution, 2015–2022 (USD Million)
Table 40 Europe: NGFW Market Size, By Service, 2015–2022 (USD Million)
Table 41 Europe: NGFW Market Size, By Professional Service, 2015–2022 (USD Million)
Table 42 Europe: NGFW Market Size, By Organization Size, 2015–2022 (USD Million)
Table 43 Europe: NGFW Market Size, By Vertical, 2015–2022 (USD Million)
Table 44 Asia Pacific: Next-Generation Firewall Market Size, By Component, 2015–2022 (USD Million)
Table 45 Asia Pacific: NGFW Market Size, By Solution, 2015–2022 (USD Million)
Table 46 Asia Pacific: NGFW Market Size, By Service, 2015–2022 (USD Million)
Table 47 Asia Pacific: NGFW Market Size, By Professional Service, 2015–2022 (USD Million)
Table 48 Asia Pacific: NGFW Market Size, By Organization Size, 2015–2022 (USD Million)
Table 49 Asia Pacific: NGFW Market Size, By Vertical, 2015–2022 (USD Million)
Table 50 Middle East and Africa: Next-Generation Firewall Market Size, By Component, 2015–2022 (USD Million)
Table 51 Middle East and Africa: NGFW Market Size, By Solution, 2015–2022 (USD Million)
Table 52 Middle East and Africa: NGFW Market Size, By Service, 2015–2022 (USD Million)
Table 53 Middle East and Africa: NGFW Market Size, By Professional Service, 2015–2022 (USD Million)
Table 54 Middle East and Africa: NGFW Market Size, By Organization Size, 2015–2022 (USD Million)
Table 55 Middle East and Africa: NGFW Market Size, By Vertical, 2015–2022 (USD Million)
Table 56 Latin America: NGFW Market Size, By Component, 2015–2022 (USD Million)
Table 57 Latin America: NGFW Market Size, By Solution, 2015–2022 (USD Million)
Table 58 Latin America: NGFW Market Size, By Service, 2015–2022 (USD Million)
Table 59 Latin America: NGFW Market Size, By Professional Service, 2015–2022 (USD Million)
Table 60 Latin America: NGFW Market Size, By Organization Size, 2015–2022 (USD Million)
Table 61 Latin America: NGFW Market Size, By Vertical, 2015–2022 (USD Million)
Table 62 Next-Generation Firewall Market: Ranking Analysis

List of Figures

Figure 1 Next-Generation Firewall Market Segmentation
Figure 2 NGFW Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 NGFW Market: Assumptions
Figure 8 Next-Generation Firewall Market: Evolution
Figure 9 Increasing IoT Trend and Internal and Enternal Threats are Expected to Boost the NGFW Market
Figure 10 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 11 Cloud-Based Solution Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Managed Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 14 Banking, Financial Services, and Insurance Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 North America is Estimated to Hold the Largest Market Share in 2017
Figure 16 The NGFW Market is Expected to Have Immense Opportunities for Growth in Asia Pacific
Figure 17 Next-Generation Firewall Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 19 Cloud-Based Solution Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 20 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 21 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 22 Banking, Financial Services, and Insurance Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America is Expected to Hold the Largest Market Size During the Forecast Period
Figure 24 North America: Market Snapshot
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Competitive Leadership Mapping
Figure 27 Cisco Systems, Inc.: Company Snapshot
Figure 28 Product Offering Scorecard
Figure 29 Business Strategy Scorecard
Figure 30 Check Point Software Technologies Ltd.: Company Snapshot
Figure 31 Product Offering Scorecard
Figure 32 Business Strategy Scorecard
Figure 33 Palo Alto Networks, Inc.: Company Snapshot
Figure 34 Product Offering Scorecard
Figure 35 Business Strategy Scorecard
Figure 36 Barracuda Networks, Inc.: Company Snapshot
Figure 37 Product Offering Scorecard
Figure 38 Business Strategy Scorecard
Figure 39 Fortinet, Inc.: Company Snapshot
Figure 40 Product Offering Scorecard
Figure 41 Business Strategy Scorecard
Figure 42 Product Offering Scorecard
Figure 43 Business Strategy Scorecard
Figure 44 Product Offering Scorecard
Figure 45 Business Strategy Scorecard
Figure 46 Product Offering Scorecard
Figure 47 Business Strategy Scorecard
Figure 48 Juniper Networks: Company Snapshot
Figure 49 Product Offering Scorecard
Figure 50 Business Strategy Scorecard
Figure 51 Product Offering Scorecard
Figure 52 Business Strategy Scorecard
Figure 53 Sophos Ltd.: Company Snapshot
Figure 54 Product Offering Scorecard
Figure 55 Business Strategy Scorecard
Figure 56 Product Offering Scorecard
Figure 57 Business Strategy Scorecard

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