The Latin America, Middle East and Africa Next Generation Firewall Market would witness market growth of 15.1% CAGR during the forecast period (2023-2030).
In an era where digital transformation has become ubiquitous, organizations face a relentless barrage of cyber threats continually evolving in sophistication and scale. As the digital footprint of businesses expands, so does the attack surface, making traditional security measures increasingly inadequate. In response to these challenges, the next generation firewall (NGFW) has emerged as a pivotal technology, bridging the gap between conventional firewalls and advanced security solutions.
In addition, the adoption of next generation firewalls represents a strategic shift in cybersecurity strategies for organizations. Traditional firewalls, while effective in their time, primarily focused on monitoring and controlling incoming and outgoing network traffic based on predetermined security rules. However, the evolving threat landscape demanded a more sophisticated approach. NGFWs, born out of this necessity, combine the capabilities of traditional firewalls with advanced functionalities such as intrusion prevention, deep packet inspection, and application-layer filtering.
Several countries in the Latin America, Middle East, and Africa (LAMEA) region have been actively promoting and implementing cybersecurity initiatives to address the increasing cybersecurity challenges. As per the data from the Government of Brazil, the Government has invested in cybersecurity governance, steadily increasing the quality of the digital infrastructure. According to the International Telecommunications Union, a UN agency, Brazil jumped up 53 positions, 71st to 18th, in a ranking of 194 countries. Therefore, rising cybersecurity initiatives to stop cyber threats in various sectors of countries like Brazil and UAE will boost the demand for next generation firewalls in the LAMEA region.
The Brazil market dominated the LAMEA Next Generation Firewall Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $250.3 Million by 2030. The Argentina market is showcasing a CAGR of 15.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 14.8% during (2023 - 2030).
Based on Vertical, the market is segmented into BFSI, Retail & eCommerce, IT & Telecom, Government & Public Utilities, Healthcare & Lifesciences, Energy & Utilities, Education and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Type, the market is segmented into Solution (Hardware, Virtual and Cloud) and Services (Professional and Managed). Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Next Generation Firewall Market is Projected to reach USD 12.9 Billion by 2030, at a CAGR of 13.2%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Cisco Systems Inc., Check Point Software Technologies Ltd., Palo Alto Networks, Inc., Barracuda Networks, Inc. (KKR & Co. Inc.), Fortinet, Inc., Sonicwall, Inc, Raytheon Technologies Corporation, Juniper Networks, Inc., Hillstone Networks, Sophos Group PLC (Thoma Bravo)
Scope of the Study
Market Segments Covered in the Report:
By Vertical
- BFSI
- Retail & eCommerce
- IT & Telecom
- Government & Public Utilities
- Healthcare & Lifesciences
- Energy & Utilities
- Education
- Others
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Type
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems Inc.
- Check Point Software Technologies Ltd.
- Palo Alto Networks, Inc.
- Barracuda Networks, Inc. (KKR & Co. Inc.)
- Fortinet, Inc.
- Sonicwall, Inc
- Raytheon Technologies Corporation
- Juniper Networks, Inc.
- Hillstone Networks
- Sophos Group PLC (Thoma Bravo)
TABLE 1 LAMEA Next Generation Firewall Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Next Generation Firewall Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Next Generation Firewall Market
TABLE 4 Product Launches And Product Expansions– Next Generation Firewall Market
TABLE 5 Acquisition and Mergers– Next Generation Firewall Market
TABLE 6 LAMEA Next Generation Firewall Market by Vertical, 2019 - 2022, USD Million
TABLE 7 LAMEA Next Generation Firewall Market by Vertical, 2023 - 2030, USD Million
TABLE 8 LAMEA BFSI Market by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA BFSI Market by Country, 2023 - 2030, USD Million
TABLE 10 LAMEA Retail & eCommerce Market by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Retail & eCommerce Market by Country, 2023 - 2030, USD Million
TABLE 12 LAMEA IT & Telecom Market by Country, 2019 - 2022, USD Million
TABLE 13 LAMEA IT & Telecom Market by Country, 2023 - 2030, USD Million
TABLE 14 LAMEA Government & Public Utilities Market by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Government & Public Utilities Market by Country, 2023 - 2030, USD Million
TABLE 16 LAMEA Healthcare & Lifesciences Market by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Healthcare & Lifesciences Market by Country, 2023 - 2030, USD Million
TABLE 18 LAMEA Energy & Utilities Market by Country, 2019 - 2022, USD Million
TABLE 19 LAMEA Energy & Utilities Market by Country, 2023 - 2030, USD Million
TABLE 20 LAMEA Education Market by Country, 2019 - 2022, USD Million
TABLE 21 LAMEA Education Market by Country, 2023 - 2030, USD Million
TABLE 22 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 23 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 24 LAMEA Next Generation Firewall Market by Organization Size, 2019 - 2022, USD Million
TABLE 25 LAMEA Next Generation Firewall Market by Organization Size, 2023 - 2030, USD Million
TABLE 26 LAMEA Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 27 LAMEA Large Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 28 LAMEA Small & Medium Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 29 LAMEA Small & Medium Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 30 LAMEA Next Generation Firewall Market by Type, 2019 - 2022, USD Million
TABLE 31 LAMEA Next Generation Firewall Market by Type, 2023 - 2030, USD Million
TABLE 32 LAMEA Solution Market by Country, 2019 - 2022, USD Million
TABLE 33 LAMEA Solution Market by Country, 2023 - 2030, USD Million
TABLE 34 LAMEA Next Generation Firewall Market by Solution Type, 2019 - 2022, USD Million
TABLE 35 LAMEA Next Generation Firewall Market by Solution Type, 2023 - 2030, USD Million
TABLE 36 LAMEA Hardware Market by Country, 2019 - 2022, USD Million
TABLE 37 LAMEA Hardware Market by Country, 2023 - 2030, USD Million
TABLE 38 LAMEA Virtual Market by Country, 2019 - 2022, USD Million
TABLE 39 LAMEA Virtual Market by Country, 2023 - 2030, USD Million
TABLE 40 LAMEA Cloud Market by Country, 2019 - 2022, USD Million
TABLE 41 LAMEA Cloud Market by Country, 2023 - 2030, USD Million
TABLE 42 LAMEA Services Market by Country, 2019 - 2022, USD Million
TABLE 43 LAMEA Services Market by Country, 2023 - 2030, USD Million
TABLE 44 LAMEA Next Generation Firewall Market by Services Type, 2019 - 2022, USD Million
TABLE 45 LAMEA Next Generation Firewall Market by Services Type, 2023 - 2030, USD Million
TABLE 46 LAMEA Professional Market by Country, 2019 - 2022, USD Million
TABLE 47 LAMEA Professional Market by Country, 2023 - 2030, USD Million
TABLE 48 LAMEA Managed Market by Country, 2019 - 2022, USD Million
TABLE 49 LAMEA Managed Market by Country, 2023 - 2030, USD Million
TABLE 50 LAMEA Next Generation Firewall Market by Country, 2019 - 2022, USD Million
TABLE 51 LAMEA Next Generation Firewall Market by Country, 2023 - 2030, USD Million
TABLE 52 Brazil Next Generation Firewall Market, 2019 - 2022, USD Million
TABLE 53 Brazil Next Generation Firewall Market, 2023 - 2030, USD Million
TABLE 54 Brazil Next Generation Firewall Market by Vertical, 2019 - 2022, USD Million
TABLE 55 Brazil Next Generation Firewall Market by Vertical, 2023 - 2030, USD Million
TABLE 56 Brazil Next Generation Firewall Market by Organization Size, 2019 - 2022, USD Million
TABLE 57 Brazil Next Generation Firewall Market by Organization Size, 2023 - 2030, USD Million
TABLE 58 Brazil Next Generation Firewall Market by Type, 2019 - 2022, USD Million
TABLE 59 Brazil Next Generation Firewall Market by Type, 2023 - 2030, USD Million
TABLE 60 Brazil Next Generation Firewall Market by Solution Type, 2019 - 2022, USD Million
TABLE 61 Brazil Next Generation Firewall Market by Solution Type, 2023 - 2030, USD Million
TABLE 62 Brazil Next Generation Firewall Market by Services Type, 2019 - 2022, USD Million
TABLE 63 Brazil Next Generation Firewall Market by Services Type, 2023 - 2030, USD Million
TABLE 64 Argentina Next Generation Firewall Market, 2019 - 2022, USD Million
TABLE 65 Argentina Next Generation Firewall Market, 2023 - 2030, USD Million
TABLE 66 Argentina Next Generation Firewall Market by Vertical, 2019 - 2022, USD Million
TABLE 67 Argentina Next Generation Firewall Market by Vertical, 2023 - 2030, USD Million
TABLE 68 Argentina Next Generation Firewall Market by Organization Size, 2019 - 2022, USD Million
TABLE 69 Argentina Next Generation Firewall Market by Organization Size, 2023 - 2030, USD Million
TABLE 70 Argentina Next Generation Firewall Market by Type, 2019 - 2022, USD Million
TABLE 71 Argentina Next Generation Firewall Market by Type, 2023 - 2030, USD Million
TABLE 72 Argentina Next Generation Firewall Market by Solution Type, 2019 - 2022, USD Million
TABLE 73 Argentina Next Generation Firewall Market by Solution Type, 2023 - 2030, USD Million
TABLE 74 Argentina Next Generation Firewall Market by Services Type, 2019 - 2022, USD Million
TABLE 75 Argentina Next Generation Firewall Market by Services Type, 2023 - 2030, USD Million
TABLE 76 UAE Next Generation Firewall Market, 2019 - 2022, USD Million
TABLE 77 UAE Next Generation Firewall Market, 2023 - 2030, USD Million
TABLE 78 UAE Next Generation Firewall Market by Vertical, 2019 - 2022, USD Million
TABLE 79 UAE Next Generation Firewall Market by Vertical, 2023 - 2030, USD Million
TABLE 80 UAE Next Generation Firewall Market by Organization Size, 2019 - 2022, USD Million
TABLE 81 UAE Next Generation Firewall Market by Organization Size, 2023 - 2030, USD Million
TABLE 82 UAE Next Generation Firewall Market by Type, 2019 - 2022, USD Million
TABLE 83 UAE Next Generation Firewall Market by Type, 2023 - 2030, USD Million
TABLE 84 UAE Next Generation Firewall Market by Solution Type, 2019 - 2022, USD Million
TABLE 85 UAE Next Generation Firewall Market by Solution Type, 2023 - 2030, USD Million
TABLE 86 UAE Next Generation Firewall Market by Services Type, 2019 - 2022, USD Million
TABLE 87 UAE Next Generation Firewall Market by Services Type, 2023 - 2030, USD Million
TABLE 88 Saudi Arabia Next Generation Firewall Market, 2019 - 2022, USD Million
TABLE 89 Saudi Arabia Next Generation Firewall Market, 2023 - 2030, USD Million
TABLE 90 Saudi Arabia Next Generation Firewall Market by Vertical, 2019 - 2022, USD Million
TABLE 91 Saudi Arabia Next Generation Firewall Market by Vertical, 2023 - 2030, USD Million
TABLE 92 Saudi Arabia Next Generation Firewall Market by Organization Size, 2019 - 2022, USD Million
TABLE 93 Saudi Arabia Next Generation Firewall Market by Organization Size, 2023 - 2030, USD Million
TABLE 94 Saudi Arabia Next Generation Firewall Market by Type, 2019 - 2022, USD Million
TABLE 95 Saudi Arabia Next Generation Firewall Market by Type, 2023 - 2030, USD Million
TABLE 96 Saudi Arabia Next Generation Firewall Market by Solution Type, 2019 - 2022, USD Million
TABLE 97 Saudi Arabia Next Generation Firewall Market by Solution Type, 2023 - 2030, USD Million
TABLE 98 Saudi Arabia Next Generation Firewall Market by Services Type, 2019 - 2022, USD Million
TABLE 99 Saudi Arabia Next Generation Firewall Market by Services Type, 2023 - 2030, USD Million
TABLE 100 South Africa Next Generation Firewall Market, 2019 - 2022, USD Million
TABLE 101 South Africa Next Generation Firewall Market, 2023 - 2030, USD Million
TABLE 102 South Africa Next Generation Firewall Market by Vertical, 2019 - 2022, USD Million
TABLE 103 South Africa Next Generation Firewall Market by Vertical, 2023 - 2030, USD Million
TABLE 104 South Africa Next Generation Firewall Market by Organization Size, 2019 - 2022, USD Million
TABLE 105 South Africa Next Generation Firewall Market by Organization Size, 2023 - 2030, USD Million
TABLE 106 South Africa Next Generation Firewall Market by Type, 2019 - 2022, USD Million
TABLE 107 South Africa Next Generation Firewall Market by Type, 2023 - 2030, USD Million
TABLE 108 South Africa Next Generation Firewall Market by Solution Type, 2019 - 2022, USD Million
TABLE 109 South Africa Next Generation Firewall Market by Solution Type, 2023 - 2030, USD Million
TABLE 110 South Africa Next Generation Firewall Market by Services Type, 2019 - 2022, USD Million
TABLE 111 South Africa Next Generation Firewall Market by Services Type, 2023 - 2030, USD Million
TABLE 112 Nigeria Next Generation Firewall Market, 2019 - 2022, USD Million
TABLE 113 Nigeria Next Generation Firewall Market, 2023 - 2030, USD Million
TABLE 114 Nigeria Next Generation Firewall Market by Vertical, 2019 - 2022, USD Million
TABLE 115 Nigeria Next Generation Firewall Market by Vertical, 2023 - 2030, USD Million
TABLE 116 Nigeria Next Generation Firewall Market by Organization Size, 2019 - 2022, USD Million
TABLE 117 Nigeria Next Generation Firewall Market by Organization Size, 2023 - 2030, USD Million
TABLE 118 Nigeria Next Generation Firewall Market by Type, 2019 - 2022, USD Million
TABLE 119 Nigeria Next Generation Firewall Market by Type, 2023 - 2030, USD Million
TABLE 120 Nigeria Next Generation Firewall Market by Solution Type, 2019 - 2022, USD Million
TABLE 121 Nigeria Next Generation Firewall Market by Solution Type, 2023 - 2030, USD Million
TABLE 122 Nigeria Next Generation Firewall Market by Services Type, 2019 - 2022, USD Million
TABLE 123 Nigeria Next Generation Firewall Market by Services Type, 2023 - 2030, USD Million
TABLE 124 Rest of LAMEA Next Generation Firewall Market, 2019 - 2022, USD Million
TABLE 125 Rest of LAMEA Next Generation Firewall Market, 2023 - 2030, USD Million
TABLE 126 Rest of LAMEA Next Generation Firewall Market by Vertical, 2019 - 2022, USD Million
TABLE 127 Rest of LAMEA Next Generation Firewall Market by Vertical, 2023 - 2030, USD Million
TABLE 128 Rest of LAMEA Next Generation Firewall Market by Organization Size, 2019 - 2022, USD Million
TABLE 129 Rest of LAMEA Next Generation Firewall Market by Organization Size, 2023 - 2030, USD Million
TABLE 130 Rest of LAMEA Next Generation Firewall Market by Type, 2019 - 2022, USD Million
TABLE 131 Rest of LAMEA Next Generation Firewall Market by Type, 2023 - 2030, USD Million
TABLE 132 Rest of LAMEA Next Generation Firewall Market by Solution Type, 2019 - 2022, USD Million
TABLE 133 Rest of LAMEA Next Generation Firewall Market by Solution Type, 2023 - 2030, USD Million
TABLE 134 Rest of LAMEA Next Generation Firewall Market by Services Type, 2019 - 2022, USD Million
TABLE 135 Rest of LAMEA Next Generation Firewall Market by Services Type, 2023 - 2030, USD Million
TABLE 136 Key Information – Cisco Systems, Inc.
TABLE 137 Key Information – Check Point Software Technologies Ltd.
TABLE 138 Key Information – Palo Alto Networks, Inc.
TABLE 139 Key Information – Barracuda Networks, Inc.
TABLE 140 Key Information – Fortinet, Inc.
TABLE 141 Key Information – Raytheon Technologies Corporation
TABLE 142 Key Information – Juniper Networks, Inc.
TABLE 143 Key Information – Sophos Group PLC
TABLE 144 Key Information – sonicwall, inc
TABLE 145 Key Information – Hillstone Networks
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Next Generation Firewall Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Next Generation Firewall Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2022
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Merger & Acquisition: 2019, oct – 2023, nov) Leading Players
FIG 8 Porter’s Five Forces Analysis - Next Generation Firewall Market
FIG 9 LAMEA Next Generation Firewall Market share by Vertical, 2022
FIG 10 LAMEA Next Generation Firewall Market share by Vertical, 2030
FIG 11 LAMEA Next Generation Firewall Market by Vertical, 2019 - 2030, USD Million
FIG 12 LAMEA Next Generation Firewall Market share by Organization Size, 2022
FIG 13 LAMEA Next Generation Firewall Market share by Organization Size, 2030
FIG 14 LAMEA Next Generation Firewall Market by Organization Size, 2019 - 2030, USD Million
FIG 15 LAMEA Next Generation Firewall Market share by Type, 2022
FIG 16 LAMEA Next Generation Firewall Market share by Type, 2030
FIG 17 LAMEA Next Generation Firewall Market by Type, 2019 - 2030, USD Million
FIG 18 LAMEA Next Generation Firewall Market share by Country, 2022
FIG 19 LAMEA Next Generation Firewall Market share by Country, 2030
FIG 20 LAMEA Next Generation Firewall Market by Country, 2019 - 2030, USD Million
FIG 21 SWOT Analysis: Cisco Systems, Inc.
FIG 22 Recent strategies and developments: Check Point Software Technologies Ltd.
FIG 23 SWOT Analysis: CHECK POINT SOFTWARE TECHNOLOGIES LTD.
FIG 24 Recent strategies and developments: Palo Alto Networks, Inc.
FIG 25 SWOT Analysis: PALO ALTO NETWORKS, INC.
FIG 26 SWOT Analysis: Barracuda Networks, Inc.
FIG 27 Recent strategies and developments: Fortinet, Inc.
FIG 28 SWOT Analysis: Fortinet, Inc.
FIG 29 SWOT Analysis: Raytheon Technologies Corporation
FIG 30 Recent strategies and developments: Juniper Networks, Inc.
FIG 31 SWOT Analysis: Juniper Networks, Inc.
FIG 32 Recent strategies and developments: Sophos Group PLC
FIG 33 SWOT Analysis: Sophos Group PLC
FIG 34 Recent strategies and developments: Sonicwall, Inc.
FIG 35 SWOT Analysis: SonicWall, Inc.
FIG 36 SWOT Analysis: Hillstone Networks