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The Next-Generation Firewall Market is expected to register a CAGR of 17.5% during the forecast period (2017 ? 2023). Next-generation firewall (NGFW) appliances are capable of delivering very specific security solutions such as firewall, intrusion prevention, application control and others. The prevalent security threats and available anti-security breach technologies have significantly evolved over time. The need for process management or application management becomes even more important as organizations can attract fines and penalties in the instances where they fail to adhere to the standard procedures. With application identification, various application policies can be framed and non-business hours can be leveraged to allow the use of a particular class of applications. Also, all the instances, the companies can totally block applications outright, or significantly limit the bandwidth consumption of any application and prioritize business applications alone at any given time.
Based on the component type, the Next Generation Firewall market is segmented into Solution and Services. The Solutions market is segmented into Hardware, Virtual and Cloud Based. The services are further segmented into Professional and Managed Services. Based on Organization Size, the market is segmented into Small & Medium Sized and Large Enterprises. The verticals covered under the report include BFSI, Government, Energy & Utilities, Healthcare, Retail, Telecom & IT, Education and Others. Based on Country, the market is segmented Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The report covers the analysis of key stake holders of the Next-Generation Firewall Market. Key companies profiled in the report include Cisco Systems, Check Point Software Technologies, Palo Alto Networks, Inc., Barracuda Networks, Inc., Fortinet Inc., Sonicwall Inc., Raytheon (Forcepoint LLC), Juniper Networks, Hillstone Networks, and Sophos, Ltd.